HOUSTON and ROTTERDAM, Netherlands, April 9, 2024 /PRNewswire/ -- LyondellBasell
(NYSE: LYB) today 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.
"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.
About LyondellBasell
We are LyondellBasell – 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. As one of the world's largest producers of
polymers and a leader in polyolefin technologies, we develop,
manufacture and market high-quality and innovative products for
applications ranging from sustainable transportation and food
safety to clean water and quality healthcare. For more information,
please visit www.lyondellbasell.com or follow @LyondellBasell on
LinkedIn.
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