LyondellBasell (NYSE: LYB ) released its annual sustainability report titled Unlocking Possibilities. The report provides an in-depth look at the company’s 2022
annual sustainability performance, focusing on progress in eliminating plastic waste from the environment, taking climate action, and supporting a thriving society. Highlights include:
LyondellBasell 2022 Sustainability Report
Strengthening circular and low-carbon solutions through initiatives such as increasing the company’s global plastic circular footprint to meet customer demand for more sustainable products and solutions. Accelerate our 2030 goals, guided by science and the Paris Agreement
Mid-year GHG emission reduction target, increasing our Scope 1 and Scope 2 reduction targets to 42% and establishing a Scope 3 target of 30% relative to a 2020 baseline
emission reduction target. Contribute to a thriving society, including a focus on safety, advance our commitment to diversity, equity and inclusion, and continue to contribute to and engage with the communities in which we operate.
Peter Vanacker, CEO of LyondellBasell, said: “The need to address climate and circularity issues has never been more urgent, and as I join
LyondellBasell
In our first year, we took decisive action to advance the Sustainable Development Goals and accelerate progress towards our existing commitments. We see an opportunity to capture value from action, and we are ready to unlock the possibility of a more sustainable, lower carbon future. ”
In 2022, company-reported sustainability priorities include:
Announcing four new plastic waste recycling projects and businesses to increase mechanical recycling footprint and increase access to raw materials through advanced sorting technologies. Since 2019, in Circulen
The brand produces and sells more than 175,000 tons of polymers based on recycled and renewable raw materials. This result marks the company’s goal of producing and selling at least 200
Progress has been made on the commitment of 10,000 metric tons of polymers based on recycled and renewable raw materials. Achieve 50% of our goal by 2030 by signing renewable power purchase agreements (PPAs) in the U.S. and Europe
above to get more than half of our electricity from renewable sources. The agreements signed this year have already brought us to 70% of our goal. Completed more than 17,000
hours of diversity, equity and inclusion training. Additionally, 40 percent of executives reporting directly to the CEO are women. Achieved lowest overall recordable injury rate of 0.12
(TRIR), top ten in petrochemical manufacturing. 4 factories achieved 5 million safe working hours and 21 factories achieved 1 million safe working hours.
“We are committed to being transparent and showing how we make a difference as a leader in the chemical industry,” Vanacker said.
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