LyondellBasell announced in a company press release that it has joined the United Nations (U.N.) Global Compact, the world’s largest corporate sustainability initiative. Under the U.N. Global Compact, signatories are encouraged to align their operations and strategies with key principles on human rights, labor, and anticorruption.
“At LyondellBasell, we have a culture of accomplishing goals through what we call ‘the power of many.’ Addressing the challenges facing our world will require global commitment and collaboration between the private sector, NGOs and governments,” said Bob Patel, CEO Of LyondellBasell. “The goals of the U.N. Global Compact align well with our company’s focus on eliminating plastic waste in the environment, addressing climate change and supporting a thriving society. We are proud to be part of this important, collective effort.” 
According to the release LyondellBasell advanced its sustainability agenda in 2020 by setting ambitious targets for recycled and renewable-based polymers, progressing on the goal of zero polymer pellet loss from operations and transportation and starting up the MoReTec molecular recycling pilot plant in Ferrara, Italy. In addition, the company is one of the founding members of the Alliance to End Plastic Waste (AEPW), the first global, cross value chain initiative dedicated to eliminating plastic waste in the environment.
