Primary Climate Goal
LyondellBasell's target annual Scope 1 + 2 emissions for 2030 should be equal to 16,240 Kt = 30% * 23,200 Kt, according to the company's stated climate goal.
In order to achieve this goal, LyondellBasell would need to reduce its emissions at least by -862 Kt per annum over the period from 2022 to 2030:
-862 Kt = ( 16,240 Kt - 24,000 Kt ) / (2030 - 2021)
This translates into a -3.6% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
LyondellBasell aims to reduce Scope 1 + 2 by 30% by 2030 from a base year 2020
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
LyondellBasell reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 24,000 Kt (+800/+3.4% y-o-y). At the sime time, carbon intensity plummeted to 520 t (-316 /-37.8% y-o-y).
No public disclosure of Scope 3 emissions has been found for LyondellBasell at the moment.
The company is committed to reducing Scope 1 + 2 by 30% by 2030 from a base year 2020, which translates into the estimated reduction of -862 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.