Braskem

Brazil
Materials, Pharmaceuticals Biotechnology and Life Sciences

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Braskem, a petrochemical company, vets vendors for LGBTQ policies and does not provide viewpoint protections for its employees. However, the company has not publicly terminated business relationships based on views or beliefs. Braskem adheres to and signed the Corporate Forum and LGBTQ Rights and regularly supports LGBTQ pride. The company supports ESG within its business practices and discriminates against religious organizations in its charitable giving. However, Braskem has not used corporate funds or lobbying for ideological purposes. For these reasons, Braskem receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Braskem has a written policy pledging to vet vendors for LGBTQ policies. Its Third Party Code of Conduct requires Third Parties to include sexual orientation and gender identity in its nondiscrimination policy (1). However, the company has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Braskem will not fund “projects that promote religions” (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Braskem likely protects its employees against viewpoint discrimination. From its Code of Conduct: “Team Members must respect the choices and the personal exercise of citizenship of other Team Members, including the free expression of thought and the individual’s choice of political participation, party affiliation, and candidacy for public or political office” (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Braskem adheres to and signed the Corporate Forum and LGBTQ Rights and regularly supports LGBTQ pride (1)(2). The company also supports ESG within its business practices (3).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Braskem has not used corporate funds to advance ideological causes, organizations, or policies (1)(2).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Braskem does not operate a PAC at this time and has not lobbied for ideological purposes (1)(2).

All links were last accessed and all information was updated on:
November 6, 2023

Company reports are intended for educational use only. Full Disclaimer

Generate Reports
Clear
Toast

This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy.

Accept