Home / Knowledge / News / Textiles / Braskem named as Brazil's best firm in carbon management
Braskem named as Brazil's best firm in carbon management
Oct '13
Braskem is Brazil's best company in carbon management, with excellence in both performance and disclosure, according to the Carbon Disclosure Project (CDP), an international nonprofit organization that measures and encourages companies to report information on their environmental impacts.

Braskem attained the highest score from among the 58 Brazilian companies that responded to the CDP Climate Change Report 2013 , which is one of the world's most highly respected indicators for analyzing the sustainability of listed companies.

In the survey, Braskem achieved 99 on its carbon disclosure score (on a scale of 100) and "Level A" on the carbon performance score. In Brazil, most of the companies analyzed in 2012 complied with the requirement that they manage and integrate climate change initiatives with their economic strategies. However, despite the advances made, the country still remains behind other countries, such as South Africa and South Korea, in terms of development.

"Braskem's result demonstrates its commitment to increasingly sustainable processes and products. Growing with a focus on excellence in sustainability is an integral part of our business strategy. From 2008 to 2012, Braskem reduced the intensity of its greenhouse gas emissions by 13%. We will continue to focus on solutions in this area," said Jorge Soto, sustainable development director at Braskem.

According to Juliana Lopes, CDP director for Latin America, the aim of the performance score is to highlight positive actions to combat climate change, and the high performance scores shows that the Company measured, verified and managed its greenhouse gas emissions.

"The definition of and compliance with carbon reduction targets, as well as the implementation of emissions-reduction programs in both our direct operations and in our supply chain proved decisive in Braskem obtaining its high performance score, since they demonstrate the company's efforts to separate its growth from its emissions increases," she said.

 Sustainability Indexes

Braskem's stock is also a component of the Carbon Efficient Index (ICO2) of the BM&FBovespa - Securities, Commodities and Futures Exchange. Launched in 2010, the index is formed by component stocks of the IBrX-50 index that have adopted transparent practices regarding their greenhouse gas emissions.

The index's weighting takes into account the level of GHG emissions efficiency as well as the free-float (shares available for trade in the market) of each stock. Braskem is also a component of the Corporate Sustainability Index (ISE) since 2005.

Internationally, Braskem is also a component of the Dow Jones Sustainability Index Emerging Markets, the sustainability index for emerging markets on the New York Stock Exchange, since its creation in 2012. The index's current portfolio, launched earlier this year, is composedof the stocks of 81 companies, of which only two are chemical producers. Of these 81 companies, 17 are Brazilian.


Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search