LYB is 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.
We have structured our sustainability approach around three global challenges: ending plastic waste, taking climate action and supporting a thriving society. This approach shapes how we manage our business and execute strategic objectives.
Our sustainability approach
Ending plastic waste and building a circular economy
Plastic pollution is a critical issue, which is why we are accelerating our efforts to eliminate plastic waste from the environment. We are innovating, scaling and delivering solutions to turn post-use plastics into everyday products, thereby enabling a circular economy.
Industry-leading sustainability ambitions and goals
2MMt+
of recycled and renewable-based polymers will be produced and marketed annually by 2030¹
for every $
we invest in venture funds that address the plastic waste challenge, we help catalyze another five dollars from co-investors
zero
plastic pellet loss to the environment from our facilities
Taking climate action
We are committed to reducing GHG emissions from our global operations and value chain, and to delivering solutions which advance our customers’ climate ambitions and support society’s transition to a low carbon world.
net zero
greenhouse gas emissions from operations by 2050¹
42%
absolute scope 1 and 2 greenhouse gas emissions reduction from operations by 2030²
30%
absolute scope 3 greenhouse gas emissions reduction by 2030²
50%
minimum of electricity produced from renewable sources by 2030³
Sustainability - Supporting a thriving society
We actively contribute to a thriving society through our community engagement and our relentless pursuit of safety, operational excellence, and a diverse, inclusive and equitable workforce.
zero
incidents, injuries and accidents
achieve
gender parity in senior leadership globally by 2032
increase
the number of people from underrepresented groups in U.S. senior leadership roles to reflect the general population ratio by 2032
assess
a minimum of 70% of our key suppliers globally using sustainability criteria by 2025
Everyday circularity
Our Circulen brand of recycled and renewable-based polymer offers complementary, innovative and sustainable solutions that contribute to our customers’ sustainability goals.
Our solutions help our customers develop more sustainable products, lower their carbon footprint and unlock the circular potential of plastics.
¹Our 2050 net zero goal includes scope 1 and 2 emissions.
²Relative to 2020 baseline.
³Based on 2020 procured levels.
Related content
UN Sustainable Development Goals
Reporting
Sustainability stories
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