CEO Letter

We are pleased to present our 2020 sustainability report. This report highlights our company’s efforts to advance our goals of ending plastic waste in the environment, helping to address climate change and support a thriving society.

Despite the many global challenges associated with COVID-19, throughout 2020 our team advanced and accelerated our sustainability efforts. As you review the following pages, I hope you will see this work is not just programmatic but increasingly embedded in our core businesses and vital to providing sustainable solutions for our customers.

Advancing a circular economy

As countries around the world continue to combat COVID-19, we are reminded of the importance of plastics to our society. At the same time, we recognize the challenge of plastic waste must be addressed. To this end, our company has prioritized efforts to advance the circular economy and we have established an ambition to produce and market two million metric tons of recycled and renewable-based polymers annually by 2030.

To do so, we are focused on three key areas: mechanical recycling, advanced (or molecular) recycling, and the increased use of renewable feedstocks.

Our progress in the area of advancing the circular economy includes the following actions:

  • Expanding the capacity of our Quality Circular Polymers (QCP) mechanical recycling joint venture to 55,000 metric tons per year. Today, these materials can be found in a range of consumer products including Samsonite’s S’Cure ECO and Magnum ECO luggage collections;
  • Successfully starting our MoReTec molecular recycling pilot plant in Ferrara, Italy. This technology returns post-consumer plastic waste to its molecular form for use as a feedstock for new plastic materials. We are continuing to work toward applying this technology at industrial scale;
  • Obtaining the International Sustainability and Carbon Certification (ISCC) organization’s ISCC PLUS certification for our cracker in Wesseling, Germany, and our European polymer production assets. As a result of this certification, LyondellBasell can provide mass balance certificates for its advanced or molecular recycled and renewable-based polymers; and,
  • Launching a suite of products using recycled or renewable-based content under the Circulen brand name. LyondellBasell’s Circulen materials enable brand owners to improve the sustainability of end products offered to consumers.

In addition, through the Alliance to End Plastic Waste, we continue to drive meaningful progress and impact through new solutions and investments in sustainable waste management systems with our value-chain partners.

Reducing our carbon footprint

As world leaders work together to develop more ambitious plans to mitigate climate change, LyondellBasell is also focused on doing our part to reduce greenhouse gas (GHG) emissions. Since announcing our initial GHG reduction target in our 2018 sustainability report, we moved forward with our planned activities in support of the ambitions of the Paris Agreement and are working to update our company’s objectives in this area.

To do so, we are developing a number of projects, including:

  • Investing in energy efficiency to reduce emissions from our manufacturing sites;
  • Incorporating clean renewable energy into our long-term strategy;
  • Expanding our incorporation of recycled and renewable-based feedstocks; and
  • Evaluating new and emerging carbon-reducing technologies for use in our manufacturing processes.

Advancing a thriving society

We are also working more broadly to advance a thriving society. In 2020, we joined the United Nations Global Compact (UNGC) and committed to the Ten Principles. We also aligned our sustainability approach to the United Nations’ Sustainable Development Goals. Our first UNGC Communication on Progress can be found in this report.

We appointed a Chief Talent and Diversity, Equity & Inclusion (DEI) Officer as well as a DEI Leadership Council made up of employees to accelerate enhancements to our workplace and culture.

I’m also proud of how our team supported the needs of local communities during this period.

Through our global philanthropy programs we were able to:

  • Award more than 900 grants to local charitable organizations;
  • Support the needs of food banks in 17 countries through special grants;
  • Support 6,000 employee volunteer hours through our annual Global Care Day program; and,
  • Support our colleagues in Louisiana following multiple hurricanes through our company Disaster Relief Fund.

Across our company, a passion to advance progress in sustainability is very evident. We have embraced the need for action not as a challenge, but as an opportunity to better serve our customers, communities and stakeholders both today and in the future.

Thank you for your interest in our company and in our efforts to advance a more sustainable world.