LyondellBasell Releases Latest Sustainability Report titled “Everyday Sustainability”

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LyondellBasell published its annual sustainability report titled, Everyday Sustainability. The publication offers an in-depth review of the company’s progress over the last year toward establishing itself as an industry leader in sustainability by focusing on three critical sustainability challenges: ending plastic waste, taking climate action, and supporting a thriving society.

We embrace sustainability as an opportunity to create value. Over the last year, we embedded sustainability into our new company strategy and progressed our sustainability-focused ambitions, while remaining laser-focused on safety, operational excellence and value creation. As we progress toward establishing ourselves as an industry leader in sustainability, we have moved from unlocking possibilities to making everyday sustainability a reality,” said Peter Vanacker, CEO of LyondellBasell.

In 2023, the company reported sustainability highlights including:

  • Issuing an inaugural $500 million green bond, with proceeds used to fund new or existing eligible green projects in the areas of circular economy, renewable energy, pollution prevention and control, and energy efficiency.
  • Investing upstream in plastic-waste sorting and recycling operations in Europe, Asia and North America to help build a complete offering of sustainable solutions across multiple recycling processes.
  • Reaching a final investment decision to build a first of its kind, commercial scale advanced recycling plant, MoReTec-1. The plant will be located at the company’s Wesseling, Germany site and will use the company’s proprietary MoReTec technology.
  • Introducing a new product range called +LC (Low Carbon) solutions, which uses alternative sources of carbon to offer customers a lower carbon footprint compared to the fossil-based equivalent.
  • Achieving almost 90% of the company’s 2030 target to secure at least half of its global electricity from renewable sources and implemented projects translating into an annual energy savings of nearly 4 million gigajoules.
  • Increasing the number of women and people from underrepresented groups in senior leadership roles; women now make up 25% of such roles globally, a 3% increase from 2022 and people from underrepresented groups now make up 19% of executive roles in the U.S., a 5% increase compared with 2022.
  • 60 manufacturing sites achieved GoalZERO (zero injuries, zero incidents and zero accidents), and 67 sites were injury–free in 2023.

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We are committed to disclosing our sustainability performance, providing transparency and demonstrating how we support everyday sustainability,” said Vanacker.

For more information, read the 2023 LyondellBasell sustainability report, Everyday Sustainability here.