Braskem Affirms Commitment to Circular Economy and to Achieve Carbon Neutrality by 2050

Braskem announces its latest sustainability ambitions to significantly expand its efforts to eliminate plastic waste in the environment by 2030 and to achieve carbon neutrality by 2050.

In 2009, Braskem launched the company’s long-term sustainability goals for 2020, which emphasized Braskem’s commitment to providing solutions that address climate change. Braskem has invested in the development of I’m green ^TM  products sourced from renewable sources and recycled content, while in the same period reducing the intensity of carbon emissions from its operations by 20 percent. In 2018, Braskem further committed to 100% of plastic packaging being reused, recycled, or recovered by 2040. As part of its evolving sustainable development strategy, Braskem today announces additional commitments to mitigate climate change, eliminate plastic waste and provide solutions for recycled products in its markets.

BRASKEM SUSTAINABILITY COMMITMENTS

• By 2025, expand our I’m green ^TM portfolio to include sales of 300,000 tons of recycled content products per year.
• By 2030, continue to expand our I’m green ^TM portfolio to include sales of 1 million tons of recycled content products per year
• By 2030, work to divert 1.5 million tons of plastic waste away from incineration, landfill, or the environment.
• By 2030, deliver a 15 percent reduction in carbon emissions from Braskem operations.
• By 2050, achieve carbon neutrality for Braskem’s global operations.

Roberto Simoes, Braskem CEO, states, “Braskem has a long history of taking action to create a more sustainable world. We have invested in renewable resources since the company’s formation in 2002. As the first and leading producer of biopolymers, Braskem has been at the forefront of creating positive change to support people, society, and the environment. Braskem intends to continue its leadership as the industry transitions to a carbon neutral circular economy. Plastic plays a vital role in society, and we believe that the strategic direction of our latest sustainability commitments will allow plastics to continue its role in advancing innovation and providing sustainable solutions. With the new sustainable development goals we announced today, we are committing to create products to help our clients meet aggressive recycled content goals in the next several years and to achieve carbon neutrality by 2050.”