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Vision to value

Our sustainability approach

LyondellBasell (LYB) is a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society.

We have structured our sustainability approach around three global challenges: ending plastic waste, taking climate action and supporting a thriving society. This approach shapes how we manage our business and execute strategic objectives.

Ending plastic waste and building a circular economy

Plastic pollution is a critical issue, which is why we are innovating, scaling and delivering solutions to turn post-use plastics into everyday products, helping to enable a circular economy.

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2MMt+
of recycled and renewable-based polymers will be produced and marketed annually by 2030¹
zero
plastic pellet loss to the environment from our facilities
Adding $1B

of CLCS incremental EBITDA by 2030²

Taking climate action

We are committed to reducing GHG emissions from our global operations and value chain and to delivering solutions which advance our customers’ climate ambitions and support society’s transition to a low carbon world.

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net zero
greenhouse gas emissions from operations by 2050³
42%
absolute scope 1 and 2 greenhouse gas emissions reduction from operations by 2030⁴
30%
absolute scope 3 greenhouse gas emissions reduction by 2030⁴
50%
minimum of electricity produced from renewable sources by 2030⁵
Supporting a thriving society

By working to advance a thriving society, we make a positive impact far beyond our company and deliver long-term value for our stakeholders.

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zero
incidents, injuries and accidents
assess

a minimum of 80% of our key suppliers globally using sustainability criteria by 2027

Everyday circularity

Our Circulen brand of recycled and renewable-based polymers offer complementary, innovative and sustainable solutions that meet the needs of our customers and contribute to their sustainability goals.

Our solutions help our customers develop more sustainable products, lower their carbon footprint and unlock the circular potential of plastics.

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1 Millions metric tons. Production and marketing includes (i) joint venture production marketed by LYB plus our pro rata share of the remaining production produced and marketed by the joint venture, and (ii) production via third party tolling arrangements. 

2 Incremental to LyondellBasell's fossil-based O&P Americas and O&P EAI and annual EBITDA.

3  Our 2050 net zero goal includes scope 1 and 2 emissions.

4  Relative to 2020 baseline.

5  Based on 2020 procured levels.

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