Aligning with 1.5°C: a benchmark for the chemical sector: Assessment of LyondellBasell
ShareAction has produced a benchmark that sets clear, measurable and evidence-based standards for chemical companies that are truly aligned with the goal of limiting global warming to 1.5°C. Investors should use the benchmark to assess whether the companies they hold are truly 1.5°C aligned, and engage with them if they fall short.
The first in a series of company-specific assessments, ShareAction has assessed LyondellBasell, a major global chemical company and plastics producer, against our benchmark. The assessment finds that LyondellBasell is not doing enough to align with 1.5°C, identifies areas for improvement, and makes recommendations to the company and its investors.