LyondellBasell Climate Transition Update

Emissions, Petrochemicals, Financial Risk & Reward, Shareholder Engagement, Transparency & Traceability, Equity

LyondellBasell could align with a below-2°C pathway by 2030. The company aims to achieve carbon neutrality by 2050, with interim targets to cut Scope 1 and 2 emissions by 42% and Scope 3 emissions by 30% by 2030, from a 2020 baseline. However, total GHG emissions rose 7.6% between 2020 and 2024, driven by Scope 3 growth linked to higher production volumes. Achieving the planned reductions will therefore require accelerated mitigation measures and full delivery of planned mitigation initiatives.

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