LyondellBasell Industries NV.
LYB.US | Manufacture of plastics and synthetic rubber in primary forms
LyondellBasell Industries N.V. is a global chemical company that manufactures chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies. The company operates through several segments: Olefins and Polyolefins (O&P)-Americas, O&P-Europe, A...Show More
Better Health for All
-60
LyondellBasell's core chemical and refining operations have significant negative health consequences, including illegal air emissions of nitrogen oxides and volatile organic compounds that form ozone, causing health problems like asthma.
1
Flaring activities release carcinogenic compounds such as benzene, butadiene, and toluene, impacting air quality in communities.
2
A leak in July at the La Porte Acetyls site resulted in two worker deaths and injuries to dozens of others.
3
The company has faced lawsuits and settlements for Clean Air Act violations, paying civil penalties of $3.4 million in 2021
4
and $324,000 in 2022,
5
and $1.92 million in fines in 2024.
6
It committed to investing an estimated $50 million in upgrades to reduce flaring and emissions.
7
Environmental justice concerns exist in communities near its facilities, where vulnerable populations are disproportionately exposed to harmful emissions.
8
Less than 3% of 2023 revenue came from products containing substances of very high concern.
9
The company produces chemicals with addiction potential and implements a comprehensive voluntary product stewardship code with eight practices to mitigate misuse.
10
It maintains a privacy program for personal data protection.
11
During natural disasters in 2023, the company provided over $443,000 in relief grants and matching gifts for shelter, food, and medical supplies.
12
Fair Money & Economic Opportunity
0
LyondellBasell is a chemical company and does not offer consumer lending or deposit services, nor does it provide debt products to consumers. In 2021, the company launched a global supply chain finance program with an ESG-linked feature to support supplier participation and sustainability objectives.
1
In 2023, LyondellBasell invested $14.4 million in community programs focusing on safety, health, diversity, and economic development.
2
Fair Pay & Worker Respect
30
LyondellBasell's CEO-to-median employee pay ratio was 152:1 for the 2024 fiscal year.
1
The Total Recordable Incident Rate (TRIR) for employees was 0.120 per 200,000 hours, and the company reported zero employee and contractor fatalities in 2023.
2
Globally, the median base pay for female professionals was $0.84 to $1.00 for men, and in the U.S., the median base pay for underrepresented professionals was $0.92 to $1.00 compared to white employees.
3
Employee surveys indicated that 80% of respondents felt a sense of belonging and 83% believed they were treated fairly.
4
The voluntary employee turnover rate was 6%.
5
Approximately 4.28% of the workforce consisted of temporary employees.
6
Fair Trade & Ethical Sourcing
10
LyondellBasell reported zero incidents of forced labor or child labor identified that require remediation for its 2024 financial year.
1
The company prohibits child and forced labor
2
and evaluates supplier compliance with these principles through risk assessments, ratings, sustainability assessments, and audits.
3
Its Supplier Code of Conduct, which outlines ethical expectations, is incorporated into standard contracts and purchase order terms and conditions.
4
Suppliers are required to acknowledge this Code upon registration in the supplier portal.
5
The company updated its Supplier Code of Conduct and general terms and conditions at the end of 2022 to strengthen requirements for suppliers
6
and reserves the right to assess supplier compliance.
7
Honest & Fair Business
-40
LyondellBasell maintains a Code of Conduct that includes a dedicated whistleblower helpline
1
, which encourages whistleblowing
2
.
Kind to Animals
-10
LyondellBasell has a formal "Animal Use and Welfare Policy" effective June 23, 2021.
1
, which prioritizes animal welfare in product testing.
2
Animal testing is only performed when no accepted or validated non-animal method is available.
3
, and the company is committed to the 3Rs (Replacement, Reduction, Refinement).
4
They actively evaluate each instance requiring animal testing, assessing the availability of non-animal alternatives.
5
, and utilize *in vitro* and *in silico* techniques for toxicity screening at the early stage of new substance development.
6
LyondellBasell only utilizes toxicology laboratories that are fully accredited by AAALAC International.
7
The company is actively engaged with research consortia to develop accepted alternative testing strategies.
8
It advocates the use of sound scientific principles to minimize the number of animal tests required by regulatory authorities.
9
No War, No Weapons
0
No evidence available to assess LyondellBasell Industries NV on No War, No Weapons.
Planet-Friendly Business
-60
The company recorded 78 Level 2+ environmental incidents in 2024, incurring $1.92 million in fines and penalties.
1
Additionally, LyondellBasell subsidiaries violated the Clean Air Act at six facilities, resulting in a $3.4 million civil penalty
2
and $50 million in compliance costs.
3
Total Scope 1, 2, and 3 GHG emissions were 115.9 MMt CO2e in 2024, an increase from 112.1 MMt in 2023, with no carbon offsets currently used. The company aims for net zero Scope 1 and 2 emissions by 2050, with an interim 42% reduction target by 2030.
4
Its 2030 Scope 1, 2, and 3 GHG reduction targets are committed to SBTi validation, but this is paused due to a global suspension.
5
In 2024, 5.71% of electricity was from renewable sources, and the waste diversion rate was 14%.
6
The company is completing biodiversity impact assessments for three priority sites.
7
Climate-related scenarios align with IPCC RCP 2.6, 4.5, and 8.5.
8
Less than 0.1% of global water consumption is from high or extremely-high water risk locations.
9
Transition assistance via outplacement services is provided for eliminated U.S. positions.
10
Respect for Cultures & Communities
0
LyondellBasell invested $14.4 million in 2023 in community initiatives aligned with UN Sustainable Development Goals.
1
The company engages local residents through Community Advisory Panels (CAPs) to facilitate dialogue and strengthen relationships.
2
Employees participate in an annual Global Care Day, undertaking community service projects such as refurbishing shelters and improving local parks, and volunteer in local initiatives like United Way campaigns and emergency responding.
3
The company also supports educational development through initiatives like 'Explore & Experiment' and teacher workshops.
4
These community initiatives support local traditions and well-being. There are no reported cultural appropriation incidents or disruptions to cultural or heritage sites.
Safe & Smart Tech
20
LyondellBasell's cybersecurity program is certified to the ISO 27001 standard for information security management
1
, and its sites hold various other information security management certifications
2
. Annual cybersecurity education is provided for all company computer users
3
, with a formal training program for security analysts
4
and an internal certification being developed for all security professionals
5
; the effectiveness of the security awareness program is ensured by the Business Systems Security team
6
. Penetration, discovery, and vulnerability assessments are conducted daily
7
across network, applications, and manufacturing facilities
8
, with regular technical risk assessments also performed
9
. In 2023, ransomware simulation exercises and external perimeter penetration testing were conducted
10
, and third-party assessments of the cybersecurity program occur on a three-year cycle
11
. The company upholds a privacy program aligned with global data protection laws
12
, with its ISO 27001 certification covering legal and compliance management
13
. Its privacy statement includes sections for California and PRC residents
14
, and IT Policies and Standards are supplemented by Sarbanes Oxley (SOx) controls
15
.
Zero Waste & Sustainable Products
-40
LyondellBasell reported a waste diversion rate of 14% in 2024.
1
The company recorded three environmental incidents involving spills to land in 2024, resulting in $1.92 million in fines and penalties.
2
The company has a goal of zero loss of plastic pellets to the environment from its operations and reported 0.0 kg of reportable pellet losses in 2024.
3
It also targets producing and marketing at least 2 million metric tons of recycled and renewable-based polymers annually by 2030.
4
LyondellBasell implements various waste reduction initiatives, including a 29% reduction in overall waste generation compared to 2021, reusing 47 tons of pallets, recovering 265.2 million pounds of liquid fuel annually, and developing a new tank cleanliness inspection process.
5
The company manages hazardous waste with a minimization mindset and requires pre-verified waste management companies.
6
It integrates circular design principles through its Circulen product line and specific innovations like NIR-detectable black pigments and polypropylene compounds with 20% recycled content for automotive parts.
7
,
8
By the end of 2024, 71% of key suppliers were assessed against sustainability criteria, with a target of 80% by 2027, supported by a Supplier Code of Conduct outlining environmental expectations.
9