Company Directory - LyondellBasell Industries N.V.
Company Details - LyondellBasell Industries N.V.
LyondellBasell Industries N.V.
WebsiteRotterdam, Netherlands
ISIN: US5520781000
LyondellBasell Industries N.V. is a leading global chemical company specializing in the production of polyolefins, advanced polymer solutions, and chemicals. The company serves numerous markets with innovative and sustainable solutions, and it is recognized for its operational excellence and broad geographic reach.
CCI Score
CCI Score: LyondellBasell Industries N.V.
-2.04
Latest Event
Release of Anti-Slavery Statement for FY 2024
LyondellBasell Industries published a comprehensive Human Trafficking and Anti-Slavery Statement for the Financial Year 2024, outlining its Supplier Code of Conduct, global procurement policy, and measures to prevent modern slavery, forced labor, and human trafficking in its supply chains. The document, approved by the Board on 27 February 2025, details rigorous supplier audits, risk assessments, and mandatory employee training to uphold human rights.
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BYSTANDER
LyondellBasell Industries N.V. is currently rated as a Bystander.
Latest Events
- FEB272025
LyondellBasell Industries published a comprehensive Human Trafficking and Anti-Slavery Statement for the Financial Year 2024, outlining its Supplier Code of Conduct, global procurement policy, and measures to prevent modern slavery, forced labor, and human trafficking in its supply chains. The document, approved by the Board on 27 February 2025, details rigorous supplier audits, risk assessments, and mandatory employee training to uphold human rights.
+65
Labor Relations and Human Rights Practices
April 4
The statement includes clear measures to prevent forced labor and modern slavery, with commitments to fair wages, safe working conditions, and whistleblower protections. This robust approach to labor rights reflects a strong adherence to human rights practices and is a positive anti-fascist action.
PDF Human Trafficking and Anti-Slavery Statement For Financial Year 2024
+60
Supply Chain Ethics
April 4
The document mandates supplier compliance through its Supplier Code of Conduct and Global Procurement Policy, including risk assessments, sustainability audits, and certification requirements. This proactive strategy enhances ethical supply chain management and mitigates human rights abuses, contributing positively to against authoritarian labor practices.
PDF Human Trafficking and Anti-Slavery Statement For Financial Year 2024
- FEB062025
The OpenSecrets profile reveals that LyondellBasell Industries contributed $231,733 in the 2024 cycle and spent $6,810,000 on lobbying, with notable revolving door practices among its lobbyists in 2023 and 2024. These activities indicate significant corporate engagement in political processes.
-60
Political Contributions and Lobbying Efforts
April 4
LyondellBasell Industries' considerable spending on lobbying ($6.81M in 2024) and reliance on former government officials as lobbyists (3 of 5 in 2023 and 6 of 13 in 2024) suggest a strategic use of political contributions to gain influence. This level of political engagement, which can undermine democratic accountability and promote corporate interests over those of the public, is viewed negatively from an anti-fascist perspective.
- JAN012025
LyondellBasell outlines its political engagement strategy, detailing how it channels political contributions solely through its LYB PAC funded by employee contributions, while emphasizing transparency, oversight by senior management, and adherence to legal requirements in its lobbying and public policy activities.
+15
Political Contributions and Lobbying Efforts
April 4
LyondellBasell ensures that all political contributions are made exclusively through the LYB PAC, which is funded voluntarily by employees. This approach avoids using company resources for direct political contributions and is coupled with strict adherence to legal limits and transparency measures, reducing risks of undue corporate influence.
+10
Executive Political Engagement
April 4
The company’s political activities are overseen by senior management and the CEO, ensuring that public policy advocacy and lobbying are conducted with accountability and ethical oversight, which mitigates potential authoritarian influences.
- NOV012024
LyondellBasell Industries N.V. has highlighted its commitment to diversity, equity, and inclusion through its ongoing collaboration with the Future of STEM Scholars Initiative. Over the past four years, LYB has awarded more than $1M to support 35 FOSSI Scholars, paving the way for a more diverse future in STEM and countering authoritarian exclusionary practices.
+85
Business Practices and Ethical Responsibility
March 19
The initiative demonstrates LYB’s active commitment to ethical business practices by investing in diversity and future leadership. This positive community investment, centered around supporting marginalized groups and fostering equal opportunities, aligns with anti-authoritarian values and challenges exclusionary practices. Although the article does not delve into political or repressive aspects, the strong DEI emphasis contributes positively against fascist tendencies.
- JUN302024
The report details LyondellBasell’s political contributions through its PAC and trade association dues during the first half of 2024. While the employee contributions are nominal, the large amounts provided via trade associations for lobbying purposes raise concerns over indirect support for political agendas that could align with authoritarian practices.
-30
Political Contributions and Lobbying Efforts
March 19
LyondellBasell’s 2024 report reveals that its Political Action Committee facilitated employee contributions totaling $120,162, and significant trade association dues were allocated to various lobbying and political activities. These contributions, particularly the large sums routed through industry associations, suggest indirect support for candidates and policies that may favor authoritarian or far‐right interests. Although disclosed transparently and in compliance with regulations, the scale and distribution of these funds raise issues regarding the company’s politicized influence.
- APR012024
LyondellBasell Industries N.V. released a comprehensive Human Rights Policy that details a robust commitment to labor rights, including worker safety, non-discrimination, fair wages, diversity, equity, and inclusion. The policy aligns with international human rights standards and reflects positive business practices.
+80
Labor Relations and Human Rights Practices
March 19
The policy outlines strong commitments to labor rights and human rights practices, including workforce health and safety, equal opportunity, prevention of discrimination, and fair wages. This proactive stance supports ethical labor practices and upholds international standards, strongly aligning with anti-fascist, pro-worker initiatives.
- JAN012024
In the 2024 cycle, LyondellBasell Industries reported $231,733 in contributions and $6,810,000 in lobbying expenses. The data also highlights a significant revolving door, with several lobbyists having previously held government positions. This close tie between corporate political spending and government access raises concerns over undue corporate influence on democratic processes.
-75
Political Contributions and Lobbying Efforts
April 4
LyondellBasell Industries' substantial lobbying expenditure and political contributions, along with the high proportion of lobbyists with prior government experience, signal an aggressive political strategy aimed at securing favorable policy outcomes. This level of corporate political engagement risks undermining democratic accountability and potentially facilitating policies that favor corporate interests over public welfare.
- JAN012024
The OpenSecrets profile details LyondellBasell Industries' extensive lobbying activities, summarizing annual lobbying totals since 1998 and specific bills lobbied in 2024. This underscores the company’s involvement in shaping political outcomes through corporate influence.
-50
Political Contributions and Lobbying Efforts
April 4
The OpenSecrets profile highlights significant lobbying efforts by LyondellBasell Industries. Such corporate lobbying is seen as exerting undue influence on public policy, undermining democratic processes and potentially prioritizing industry interests over the rights and needs of workers and marginalized groups.
- OCT012023
LyondellBasell actively engages in the political process through direct lobbying and a structured Political Action Committee (PAC). While the company touts transparency and adherence to legal standards, these activities contribute to corporate influence over public policy that can undermine democratic accountability from a left-leaning perspective.
-30
Political Contributions and Lobbying Efforts
March 19
LyondellBasell’s use of direct lobbying and a dedicated Political Action Committee to influence public policy is indicative of a deliberate strategy to shape policymaking in ways that favor corporate interests. Despite claims of transparency and legal compliance, such activity underwrites an environment in which corporate power can override democratic processes and potentially facilitate authoritarian tendencies.
-20
Executive Political Engagement
March 19
The oversight and involvement of senior management in the political process, including managing PAC activities, further embed political interests at the executive level. Although such practices might be presented as controlled and transparent, they amplify corporate influence in shaping policy agendas, a factor that is problematic from an anti-authoritarian standpoint.
- JAN012023
OpenSecrets data reveals that LyondellBasell Industries spent $3,130,000 on lobbying in 2023, targeting issues related to labor, antitrust, and workplace policies. This significant expenditure suggests an effort to influence political and regulatory frameworks, which may undermine worker rights and public accountability.
-60
Political Contributions and Lobbying Efforts
April 4
The reported $3,130,000 spent on lobbying in 2023 by LyondellBasell Industries reflects a considerable commitment to influencing political processes, particularly on issues related to labor, antitrust, and workplace policies. From an anti-fascist perspective, such corporate political spending is concerning as it can be used to prioritize corporate interests over the rights and protections of workers, potentially enabling policies that favor authoritarian business practices.
- DEC312019
LyondellBasell Industries has articulated a strong commitment to labor rights on its sustainability page, outlining policies that ensure fair wages, safe working conditions, union rights, and an inclusive work environment. This event highlights their adherence to ethical labor practices as part of their broader economic growth strategy.
+90
Labor Relations and Human Rights Practices
March 19
The article on 'Decent Work and Economic Growth' emphasizes LyondellBasell's commitment to labor rights and human dignity. The company not only complies with fair wage laws and safety regulations but also actively engages with labor representatives and fosters a culture of inclusion and diversity. This strong emphasis on fair and ethical labor practices is critical in countering the socioeconomic factors that can contribute to authoritarian dynamics, making this a positive example of corporate responsibility.
- DEC102018
Approximately 100 USW members rallied outside LyondellBasell's Houston refinery due to delays in initiating planned labor negotiations over a new local contract, as the current agreement nears expiration. The protest highlights ongoing concerns over the company’s adherence to fair labor practices.
-50
Labor Relations and Human Rights Practices
April 4
The protest by union members underscores a concerning lapse in labor relations, as LyondellBasell delayed scheduled negotiations and canceled meetings regarding critical labor issues. This decision negatively impacts workers' rights and fair labor practices, reflecting a disregard for employee welfare.
Union rallies outside LyondellBasell refinery over labor talks
- MAR092011
Docket activity from the National Labor Relations Board indicates the issuance of a denial letter and an appeal acknowledgment in a case involving LyondellBasell Industries, filed on March 09, 2011. This suggests an ongoing labor dispute that raises concerns about the company’s treatment of workers.
-60
Labor Relations and Human Rights Practices
April 4
The NLRB docket documents signal that LyondellBasell Industries was involved in a labor dispute, as evidenced by a denial letter and an appeal acknowledgment. From an anti-fascist and pro-worker perspective, such disputes raise red flags about the company’s commitment to fair labor practices and protecting workers' rights.
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Corporate Financials
- Revenue
- 2025
- $14.50B
- Total Assets
- 2025
- $30.00B
- Operating Income
- 2025
- $2.00B
- Total Equity
- 2025
- $8.00B
Employees: 18,000
Industries
- 324110
- Petroleum Refineries
- 324121
- Asphalt Paving Mixture and Block Manufacturing
- 325110
- Petrochemical Manufacturing
- 325120
- Industrial Gas Manufacturing
- 325199
- All Other Basic Organic Chemical Manufacturing
- 325211
- Plastics Material and Resin Manufacturing
- 326150
- Urethane and Other Foam Product (except Polystyrene) Manufacturing