LyondellBasell Recognized As ESG Leader

Rhea-AI Summary

LyondellBasell (NYSE:LYB) Receives AA Rating in MSCI ESG Ratings Assessment, Reflecting Improved ESG Practices and Carbon Mitigation Efforts

Positive

• LyondellBasell's improved AA rating in the MSCI ESG Ratings Assessment reflects the company's significant progress in carbon mitigation and industry-leading corporate governance practices, positioning it as a leader in ESG activities within its sector.

Negative

• None.

HOUSTON, TX and ROTTERDAM, NETHERLANDS / ACCESSWIRE / July 24, 2023 / LyondellBasell (NYSE:LYB) announced it received a rating of AA, on a scale of CCC to AAA, in the MSCI ESG Ratings Assessment and is now part of the 'leader' category. The new rating is an improvement from the 'A' status LyondellBasell received last year and is reflective of the actions the company has taken on carbon mitigation and its industry-leading corporate governance practices.

"Our ESG success is measured by the meaningful progress we continue to make on our climate strategy, transparency and the actions we take," said Andrea Brown, LyondellBasell chief sustainability officer. "We believe in creating solutions for everyday sustainable living, and an important component of this is ensuring we maintain our momentum in progressing our ESG activities in a positive direction."

AA ratings are awarded to the top 10% of companies within each sector included in the index - those who are leading their industry in managing the most significant ESG risks and opportunities. For more information, please see the MSCI ESG Ratings website.

Disclaimer
The use by LyondellBasell of any MSCI ESG Research LLC or its affiliates ("MSCI") data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of LyondellBasell by MSCI. MSCI services and data are the property of MSCI or its information providers and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI.

About us
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.

View additional multimedia and more ESG storytelling from LyondellBasell on 3blmedia.com.

Contact Info:
Spokesperson: LyondellBasell
Website: https://www.3blmedia.com/profiles/lyondellbasell
Email: info@3blmedia.com

SOURCE: LyondellBasell

View source version on accesswire.com:
https://www.accesswire.com/769933/LyondellBasell-Recognized-As-ESG-Leader

FAQ

What is the significance of LyondellBasell's AA rating in the MSCI ESG Ratings Assessment?

LyondellBasell's AA rating places it in the top 10% of companies within its sector for managing significant ESG risks and opportunities, reflecting its leadership in ESG activities.

How has LyondellBasell improved its ESG practices to achieve the AA rating?

LyondellBasell has made meaningful progress in its climate strategy, transparency, and actions, demonstrating its commitment to carbon mitigation and sustainable living solutions.

Is the MSCI ESG Ratings Assessment endorsement of LyondellBasell?

No, the use of MSCI data and logos by LyondellBasell does not constitute sponsorship, endorsement, recommendation, or promotion of the company by MSCI.