LYB ANNOUNCES UPDATED 2030 SUSTAINABILITY GOALS

HOUSTON, Feb 24 (Bernama) -- LyondellBasell (NYSE:LYB) today announced updates to its 2030 climate and circularity goals amid the need for disciplined capital allocation, evolving market conditions and regulatory developments. The goals remain ambitious, while balancing the need to adjust for near-term achievability. The company’s three-pillared strategy remains unchanged: growing and upgrading the core, building a profitable circular and low-carbon business, and stepping up performance and culture. To ensure alignment with the strategy and reflect the realities of today’s operating environment, the updated goals are as follows:

• Scope 1 and 2  greenhouse gas emissions reduction: 32% by 2030, relative to a 2020 baseline.¹

• Circularity: produce and market 800,000 metric tons of recycled and renewable-based polymers annually by 2030.²