Taking climate action

Addressing climate change is one of the most pressing challenges our world faces and we believe collective action and a sense of urgency are needed.

As a leader in our industry, we have an important role in driving change. We support the objectives of the Paris Agreement to limit global temperature rise to well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5°C.

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. We believe a commitment to net zero scope 1 and scope 2 emissions by 2050 and a credible pathway to 2030 for scopes 1, 2 and 3 are critical to the long-term success of LyondellBasell.

Our approach

Integrate proven solutions to improve the efficiency of our manufacturing processes and switch to less carbon intensive fuels
Assess opportunities in electrification of our processes and in carbon capture technology
Increase our use of renewable and low carbon energy primarily through power purchase agreements and collaboration with our utility suppliers · Help accelerate the scale up and deployment of breakthrough technologies to reduce the carbon footprint of chemical processes to net zero by 2050 · through collaboration
Advance our use of circular and renewable-based feedstocks and engage with suppliers to support scope 3 emissions reductions
Continue to integrate climate impacts into our business processes and strategy
Engage with governments and industry peers to support effective policies to help achieve the goals of the Paris Agreement and our global climate ambitions

Our goals

Achieve net zero greenhouse gas emissions from our global operations by 2050

Reduce absolute scope 1 and 2 greenhouse gas emissions by 42% by 2030

Reduce absolute scope 3 greenhouse gas emissions by 30% by 2030

Procure a minimum of 50% of electricity from renewable sources by 2030
Based on 2020 procured levels.

¹Our 2050 net zero GHG emissions goal includes scope 1 and 2 emissions.
²Relative to a 2020 baseline.
³Relative to a 2020 baseline.
⁴Based on 2020 procured levels.