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LYB Announces Updated 2030 Sustainability Goals

Lyondellbasell: LyondellBasell (NYSE:LYB) has announced updates to its 2030 climate and circularity goals in response to the need for disciplined capital allocation, evolving market conditions, and regulatory developments. The goals remain ambitious, aiming to balance near-term achievability with the company's strategic objectives. The company continues to focus on its three-pillared strategy: growing and upgrading the core, building a profitable circular and low-carbon business, and enhancing performance and culture.

According to BERNAMA News Agency, the updated sustainability goals include a 32% reduction in Scope 1 and 2 greenhouse gas emissions by 2030, using a 2020 baseline as a reference point. Additionally, LyondellBasell aims to produce and market 800,000 metric tons of recycled and renewable-based polymers annually by the same year. These updated goals reflect the company's commitment to aligning its operations with its strategic pillars while addressing the current operating environment.

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