LyondellBasell improves CDP climate score to A in 2024, strengthening ESG leadership
Rhea-AI Summary
LyondellBasell (NYSE: LYB) has achieved an improved CDP climate change score of A in 2024, up from A-minus in the previous assessment. This marks the company's second consecutive year in CDP's leadership category. The achievement is particularly notable as CDP's 2024 assessments introduced more stringent standards aligned with global frameworks including ISSB, TCFD, and TNFD.
Additionally, LYB improved its water security score to B and received its first-ever forests score. These improvements demonstrate the company's progress in climate risk management, energy performance, and environmental transparency, while reinforcing its commitment to sustainability and responsible environmental stewardship.
Positive
- Improved CDP climate score to A from A-minus
- Enhanced water security score to B
- Received first-ever forests score
- Second consecutive year in CDP leadership category
Negative
- None.
News Market Reaction
On the day this news was published, LYB declined 2.34%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
HOUSTON, July 14, 2025 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today announced it 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. CDP is the world’s leading environmental disclosure platform, used by investors and stakeholders to evaluate how companies manage climate-related risks, opportunities and performance.
“Improving to an A score reflects the momentum we’ve built across our sustainability agenda,” said Andrea Brown, chief sustainability officer at LYB. “This recognition affirms the strength of our strategy, from scaling circular solutions and advancing low-carbon innovation to embedding sustainability into how we operate and create financial value. As we continue transforming our business, we remain focused on delivering measurable impact, supporting our customers and achieving profitable growth.”
The 2024 CDP assessments introduced a more rigorous, integrated questionnaire aligned with global 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). Achieving an A score under these elevated standards highlights the company’s continued progress in climate risk integration, energy performance and environmental transparency.
In addition to its improved climate score, LYB also raised its water security score to a B and received its first-ever forests score, reinforcing its commitment to nature-related disclosure and responsible environmental stewardship.
About LyondellBasell
We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
CONTACT: Nick Facchin
LyondellBasell
713-623-3643
nick.facchin@lyondellbasell.com
FAQ
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