​LyondellBasell Achieves 'A' Climate Rating In CDP 2024 Leadership Rankings

KUALA LUMPUR, July 15 (Bernama) -- LyondellBasell has improved its climate change score from A-minus to A in CDP’s 2024 assessment, placing the company in the leadership category for the second consecutive year.

The Carbon Disclosure Project (CDP) is a leading global environmental disclosure platform widely used by investors and stakeholders to evaluate companies’ management of climate-related risks, opportunities and performance.

LyondellBasell chief sustainability officer, Andrea Brown said the rating affirms the company’s strategy in scaling circular solutions, advancing low-carbon innovation, and embedding sustainability into operations to deliver financial value and measurable impact.

“Improving to an A score reflects the momentum we have built across our sustainability agenda,” she said in a statement.

The 2024 CDP assessment introduced a more rigorous and integrated questionnaire aligned with international frameworks, including the International Sustainability Standards Board (ISSB), the Task Force on Climate-related Financial Disclosures (TCFD) and the Taskforce on Nature-related Financial Disclosures (TNFD).

LyondellBasell's achieving an A score under the updated standards demonstrates its progress in climate risk integration, energy performance and environmental transparency.

In addition to its improved climate score, the company also raised its water security score to a B and received its first-ever forests score, reflecting its broader commitment to nature-related disclosure and environmental stewardship.

LyondellBasell is a global leader in the chemical industry, delivering innovative solutions that support sustainable everyday living. Through advanced technologies and focused investments, the company is driving progress toward a circular and low-carbon economy.

-- BERNAMA