The Brazilian petrochemical company Braskem has won in the category of Best Sustainable Initiative in the first-ever Sustainability Awards during this year's Chemical Week's Financial Outlook & Sustainability Forum that was held online on the 18th and 19th of November. The award was credited to the I'm greenTM portfolio, a family of bioplastics with negative carbon footprint.
Around 75 entries were received for three categories. The Best Sustainable Initiative award recognizes the overall quality of a company's sustainability-related disclosures, impact of sustainability and environmental, social and governance metrics, transparency and disclosure. The other two categories were Best Sustainable Product and Best Sustainability Program. Each application was scored by a panel of 10 judges with 15 judges in total. Some of the most innovative chemical initiatives were reviewed. The competition therefore gives a lot of insight in the future of the sector through sustainable solutions.
"It's an immense pleasure to be recognized for our ongoing efforts on the low carbon economy in order to fight global warming." said Walmir Soller, CEO at Braskem Europe. "Through our investment in research and development we aim to accelerate the path to the carbon neutral circular economy and the I'm greenTM portfolio is an important lever in this direction."
Braskem is the largest producer of biopolymers worldwide. Just recently they celebrated the 10 year anniversary of the launch of Braskem's I'm greenTM portfolio. The plastic, made from sugarcane captures carbon dioxide during the plant's lifecycle, which means Braskem can deliver significant greenhouse gas emissions savings to its customers. In this decade the company's biopolymers avoided the emission of 5.54 million tons of CO2.