LyondellBasell Details Accelerated Momentum in 2022 Sustainability Report
- Ramping up circular and low carbon solutions through initiatives including growing the company's plastics recycling footprint globally to meet customer demand for more sustainable products and solutions.
- Accelerating interim greenhouse gas (GHG) emissions reduction targets for 2030, in line with science-based guidance and the Paris Agreement, by increasing scope 1 and 2 emissions reduction target to
42% and establishing a scope 3 emissions reduction target of30% , relative to a 2020 baseline. - Contributing to a thriving society, including focusing on safety, advancing commitments to diversity, equity and inclusion, and continuing to contribute to and engage with the communities in which the company operates.
"The need to address climate and circularity has never been greater, and during my first year with
In 2022, the company reported sustainability highlights including:
- Announcing four new plastic waste recycling projects and ventures to grow its mechanical recycling footprint and increase access to feedstock through advanced sorting.
- Producing and marketing more than 175,000 metric tons of recycled and renewable-based polymers since 2019 under its Circulen brand. The result marks progress toward the company's commitment to produce and market at least 2 million metric tons of recycled and renewable-based polymers annually by 2030.
- Signing renewable electricity power purchase agreements (PPAs) in the
U.S. andEurope , achieving more than50% of our target to procure at least half of our electricity from renewable sources by 2030. Agreements signed this year have now taken us to70% of our target. - Completing more than 17,000 training hours on diversity, equity and inclusion. Additionally,
40% of the CEOs direct reports are women. - Achieving a record low total recordable injury rate (TRIR) of 0.12, a top-decile result within the petrochemical manufacturing sector.
- Recording five million safe work hours at four sites and one million safe work hours at 21 sites.
"We are committed to providing transparency and demonstrating how we are making an impact as a leader in the chemicals industry," said Vanacker.
For more information, read the 2022
About
We are
Forward-Looking Statements
The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, market conditions, the business cyclicality of the chemical, polymers and refining industries; the availability, cost and price volatility of raw materials and utilities, particularly the cost of oil, natural gas, and associated natural gas liquids; our ability to successfully implement initiatives identified pursuant to our value enhancement program and generate anticipated earnings; competitive product and pricing pressures; labor conditions; our ability to attract and retain key personnel; operating interruptions (including leaks, explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, supplier disruptions, labor shortages, strikes, work stoppages or other labor difficulties, transportation interruptions, spills and releases and other environmental risks); the supply/demand balances for our and our joint ventures' products, and the related effects of industry production capacities and operating rates; our ability to manage costs; future financial and operating results; our ability to recognize the benefits and synergies of any proposed transactions; legal and environmental proceedings; tax rulings, consequences or proceedings; technological developments, and our ability to develop new products and process technologies; our ability to meet our sustainability goals, including the ability to operate safely, increase production of recycled and renewable-based polymers to meet our targets and forecasts, and reduce our emissions and achieve net zero emissions by the time set in our goals; our ability to procure energy from renewable sources; our ability to hire and retain diverse employees and engage with the communities in which we operate; the successful shut down and closure of the
View original content to download multimedia:https://www.prnewswire.com/news-releases/lyondellbasell-details-accelerated-momentum-in-2022-sustainability-report-301804461.html
SOURCE