By: ICN Bureau
Last updated : June 22, 2021 8:37 pm
The company previously announced a goal of achieving a 15 percent reduction in CO2 (equivalent) emissions per metric ton of product produced by 2030 compared with 2015
LyondellBasell released a 2020 Sustainability Report which highlights the company's efforts in the areas of ending plastic waste in the environment, helping to address climate change and supporting a thriving society.
"Despite the challenges of 2020, our team made meaningful progress against our goals," said Bob Patel, CEO, LyondellBasell.
"As a company we have taken a very focused and deliberate approach that will help to address some of our world's greatest challenges while creating long-term value for our stakeholders. These efforts are a core part of our strategy for capturing the opportunities associated with providing sustainable solutions to our customers, further enhancing our resiliency and enabling a more sustainable future," added Patel.
The report highlights the company's progress toward achieving its ambitious plan to produce and market two million metric tons of recycled and renewable-based polymers by 2030, in addition to other accomplishments such as: Continuing to provide safety performance with top decile injury rates; Expanding the capacity of LyondellBasell's Quality Circular Polymers mechanical recycling joint venture to 55,000 tons per year; Successfully starting LyondellBasell's MoReTec advanced recycling pilot plant in Italy. Obtaining the ISCC organization's ISCC PLUS certification for its cracker in Wesseling, Germany and European polymer production assets; Launching a suite of products supporting recycled or renewable-based content under the Circulen brand name; and joining the UNGC and aligning LyondellBasell's sustainability approach to the United Nations' Sustainable Development Goals.
The report also talks about the appointment of a Chief Talent & DEI Officer and the formation of a Diversity, Equity, and Inclusion Council made up of employees to accelerate enhancements to the workplace and culture and making investments in the communities where the company operates through more than 900 grants to local charitable organizations and supporting the needs of food banks in 17 countries through special grants and 6,000 employee volunteer hours through LyondellBasell's annual Global Care Day program.
LyondellBasell is also working to reduce its carbon footprint. The company previously announced a goal of achieving a 15 percent reduction in CO2 (equivalent) emissions per metric ton of product produced by 2030 compared with 2015. The company is expanding its climate risk assessment, using the Task Force on Climate-related Financial Disclosures' recommendations to further develop and define its climate ambitions for 2030 and beyond.