LyondellBasell

LyondellBasell Industries Holdings
Quick Facts
Type	Public limited company
sector	Chemical industries
Headquarters (Benelux Organization)	Rotterdam, Netherlands; Houston TX, United States; London, United Kingdom
Year of Origin	2007
Emissions (All Scopes)	XXX Megatons of CO2 (2020)
Net Income	USD$1.4 billion (2020)
Key People	Kenneth (Ken) Lane (CEO), Jacques Aigrain (chairman)
Subsidiaries	dochterbedrijf 1 dochterbedrijf 2

LyondellBasell Industries Holdings, stylized as LyondellBasell, was founded in 2007 by merger of Basell Polyolefins and Lyondell Chemical Company. Roots of the company trace back to 1985. LyondellBasell is Dutch company with British and American roots. The company is manufactures at 55 sites in 17 countries sells products into approximately 100 countries. The main office of LyondellBasell Europe, Asia and International is based in the center of Rotterdam but the company has other headquarters in Housten, London, and Hong Kong. The company employs 19,200 people (2021). Revenue of LyondellBasell was 27,753 dollars in 2020.

LyondellBasell is one of the largest plastics, chemicals, and refining companies in the world. As they are ranked 10th in the global top 50 chemical companies of 2021, they can be considered a key player in their industry.

Company Structure

The company has two main leadership branches, the leadership team and the Board of directors. The leadership team is comprised of senior executives that lead LyondellBasell’s business and staff functions furthermore, the team oversees operational issues and the implementation of corporate strategies and provides support to the CEO. The Board of Directors is led by Chairman Jacques Aigrain and oversees management and the overall course of LyondellBasell’s business and strategy. The members of the board include the Chairman, CEO, and ten independent directors that are elected annually by stakeholders.

Up until December 2021 Bhavesh Patel was the CEO of the company but has now stepped down. Kenneth Lane is the current interim CEO and Peter Vanacken has has been appointed the position of CEO starting June 2022.

Leadership Team

Executive Board

Name	Function	Remuneration ($)
Kenneth (Ken) Lane	Interm Chief Executive Officer	3.316.357
Bhavesh Patel	Chief Executive Officer	15.570.513
James Guilfoyle	Executive VP- Advanced Polymer Solutions	Unkown
Jeffrey Kaplan	Executive VP-Legal & Public Affairs	2.798.701
Micheal McMurray	Executive VP and CFO	3.923.362
Torkel Rhenman	Executive VP-Intermediates and Derivatives and refining	Unkown
Kim Foley	Senior VP- HSE, Global engineering	Unkown
Dale Friedrichs	Senior VP-HR and Global projects	Unkown
Jean Gadbois	Senior VP- Europe and Asia	Unkown
Richard Roudeix	Senior VP-Olefins & polyolefins, Europe, Middle East, Africa and India	Unkown
Jim Seward	Senior VP- Research and Development, Technology, and Sustainability	Unkown
Anup Sharma	Senior VP- Global Business Services	Unkown
Micheal VanDerSnick	Senior VP- Americas manufacturing	Unkown

The Remuneration of the Leadership Team is based on the 2021 Annual General Meeting of Shareholders Proxy statement. The remuneration is based on the year 2020 and includes: 1 Salery, 2. Bonus, 3. Stock Awards, 4. Option Awards, 5. Non-Equity Incentive Plan Compensation, 6. Change in Pension Value, 7. All other compensation (Fees or Intercontinental trips, Tax preparation etc.).

Board of Directors

Executive Board

Name	Function	Remuneration ($)
James Aigrain	Chairman	675.262
Lincoln Benet	Member	315.115
Jagjeet S. Bindra	Member	332.158
Robin w.T. Buchanan	Member	305.108
Anthony R. Chase	Member	Unkown
Stephen F. Cooper	Member	294.924
Nance K. Dicciani	Member	325.313
Robert W. Dudly	Member	Unkown
Claire S. Farley	Member	317.151
Micheal S. Hanley	Member	329.600
Albert J. Manifold	Member	310.111

The Remuneration of the Board members is based on the 2021 Annual General Meeting of Shareholders Proxy statement. The remuneration is based on the year 2020 and includes: 1 Fees earned or paid in cash, 2. Stock Awards, 3. All other compensation (Fees or Intercontinental trips, Tax preparation etc.).

Accountant

The external auditor for the Dutch statutory accounts in 2020 was PricewaterhouseCoopers Accountants N.V. ("PwC"). In accordance with Dutch Law, LyondellBasell's external auditor is appointed by the general meeting of shareholders and is nominated for appointment by the Board upon advice from the Audit Committee. The Audit committee proposed that shareholders appoint PwC as its auditor again in 2021.

Operations

LyondellBasell is active in the chemical sector with products such as polymers, advanced polymers and fuels. It is one of the largest plastics, chemicals, and refining companies in the world. Furthermore, they are the leading producer of oxyfuels worldwide, as well as polypropylene in North America and Europe.

LyondellBasell did not receive NOW-support from the Dutch government , and does not have Royal status.

Paris Agreement to Today

beschrijving van wat het bedrijf heet gedaan en misdaan sinds het akkoord van Parijs

Current Policies and Emissions

Beschrijving van de uitstoot van het bedrijf en eventuele beleid

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Climate Plans

Beschrijving van de klimaatplannen van het bedrijf

Conclusion

Beschrijving of de plannen in lijn zijn met 'Parijs'

Bedrijfsspecifieke Passage in 'de brief'

U heeft uw duurzaamheidsbeleid vastgelegd in uw 2020 Sustainability Report en uw Climate Ambition Validation statement.

Wij constateren dat uw ambitie is om in 2030 uw scope 1 en 2 emissies met 30% te verminderen ten opzichte van 2020 en om in 2050 net zero te opereren. U heeft geen ambities vastgesteld om uw scope 3 emissies te verminderen.

Uit uw 2020 Sustainability Report blijkt onvoldoende hoe u uw ambities voor uw scope 1 en 2 emissies voor 2030 haalt. We constateren we u geen plannen hebt om uw doelstelling voor 2050 te halen. Ook is uw rapportage over uw eigen emissies (scope 1, 2 en 3) onvolledig. Dit zijn grote tekortkomingen die uw ambities ongeloofwaardig maken.

Tevens constateren we dat uw ambities niet voldoende zijn om binnen de anderhalve graad te blijven. Met name het ontbreken van concrete ambities voor uw scope 3 emissies is een grove tekortkoming.

Daarmee draagt uw bedrijf bij aan gevaarlijke klimaatverandering en loopt u het materiële risico om mensenrechtenschendingen te veroorzaken.