LyondellBasell (LYB) Climate Transition Analysis Update

LyondellBasell could be aligned with a 1.5 °C warming scenario by 2030. LyondellBasell aims to achieve Carbon Neutrality by 2050, targeting a 42% reduction in Scope 1 and 2 emissions and a 30% reduction in Scope 3 emissions by 2030, from a 2020 baseline.  While Planet Tracker believes LYB is likely to meet its 2030 targets, the company could strengthen its position by enhancing its transparency, especially on financial disclosures related to climate-related risks and the expected impact of its investments on emissions reductions.