Tag: 3BL

CNH recently partnered with Wichita State University (WSU) to launch a master’s program for fifteen of its employees. The goal of the Construction Product Development North America Master’s Program is to develop professional skillsets for technical activities with a focus on electrification, automation, and digitalization. These new hires will have the chance to experience at least three different roles, spending six months in each position.

CNH’s Human Resources Manager for Global and NA Corporate Functions, Marcela Pimenta, developed the program in North America last year in collaboration with WSU and CNH’s Construction Product Development team.

“Our goal was to attract the best talent in the market to have the opportunity to get to know about CNH and be part of the Master’s Program. We worked hard for some months to find the best profiles to attend the program and successfully hired all of them by August 2023.”

These recent college graduates, from CASE Construction Equipment and New Holland Construction (both brands of CNH), will participate at the Wichita, Burlington, and Fargo sites over the next two years. Employees will enroll in semester-long programs in Electric Machines & Drives for Transportation, Data Science, Battery Systems and Control, and more. The rotation will expose employees to other departments from other regions, allowing them to ultimately pursue their individual career paths at CNH.

Pimenta believes the customer is at the heart of everything. And when customers win, the company wins.

“One of the greatest opportunities that the Master’s Program offers is giving early career talent a choice to start their career with the proper foundation for supporting the customers’ needs and solving their challenges. It is an investment in our employee’s learning and development, and this turns our employees’ capabilities to perform better and provide more value to our business to Be The Best.”

Similar master’s programs have already been piloted with local universities in Brazil and Italy. Launching this new partnership in North America will provide more opportunities for employees to further their careers and develop their skills focused primarily on product development and product validation. The launching of programs like the one at WSU represent CNH’s commitment not only to educating the future of farming and building, but also in supporting the career journeys of its employees.

December 14, 2023 /3BL/ – SkysTheLimit.org, the leading nonprofit organization dedicated to empowering emerging entrepreneurs, spotlights four visionary entrepreneurs from its online holiday marketplace. These purpose-driven founders are committed to cultivating thriving communities by breaking barriers to employment, promoting inclusivity, improving health at the workplace and enhancing early education through engaging programs.

Jason Mercado of Sweet Mission transforms lives by employing individuals from vulnerable backgrounds, including those experiencing homelessness, to deliver superb baked goods.

“Sweet Mission offers homemade, fresh baked cookies to the general public and in turn, we are able to hire individuals from within the community with vulnerable backgrounds or barriers. We’re able to create income, so that they can get a second chance at life,” said Jason.

Jasmine T. Williams-Jacobs of Black Remote She is a catalyst for job creation, particularly for historically excluded and underemployed individuals. The online community serves Black queer and trans women, nonbinary individuals, and allies seeking remote work opportunities.

“The birth of Black Remote She arose to rebel against the inequities often faced in our community. I wanted to bridge the gap of job security, inclusivity, and equity for historically excluded and underserved communities,” said Jasmine.

Beverly Grandison, founder of Infinity Empowerment Services, provides coaching, training, and consulting services to assist corporations in wellness solutions enhancing team productivity and overall health.

“Infinity Empowerment Services (IES) is dedicated to empowering organizations with tailored lifestyle, health, and wellness solutions. We provide coaching, training, nutritional and gardening support to enhance productivity, reduce absenteeism and presenteeism, and lower healthcare costs,” explains Beverly.

Bayonia Marshall, Founder of Go Bay’nanas, goes beyond a banana-inspired dessert business to improve early education through engaging kid cooking with literacy classes and at home with an educational kids cookbook.

“We have a fun and educational kids cookbook – designed for children in grades K-3 to foster creativity and a love for cooking. To compliment the cookbook we also include our delicious banana pudding,” shares Bayonia.

Sky’s the Limit’s Marketplace showcases over 100 creator-led brands, emphasizing founders from diverse backgrounds such as women, LGBTQIA+, BIPOC, disabled, and low-income communities. This curated collection empowers shoppers to support emerging entrepreneurs and small business founders, particularly those from underrepresented backgrounds, throughout this holiday season.

Open until December 31, 2023, this year’s Marketplace is the organization’s most extensive brand exhibition yet, encompassing various businesses, from street fashion and vegan beauty to sustainable home goods, financial education, and nonprofit organizations championing different causes.

Discover and support these talented creators and their businesses by exploring Sky’s the Limit’s Marketplace.

Sky’s the Limit offers opportunities for traditionally marginalized entrepreneurs – typically those who identify as LGBTQIA+, BIPOC, women, veterans, disabled people, and people from low-income backgrounds – to connect with mentors to come together to foster, grow, and shape modern and future enterprise. The organization has also provided over $450,000 in startup grants and educated tens of thousands of diverse entrepreneurs.

For more information about partnerships and how to get involved, please visit skysthelimit.org/partnerships.

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About SkysTheLimit.org: SkysTheLimit.org is a digital platform that connects young, historically excluded entrepreneurs with one-on-one support from experienced business advisors and mentors, entrepreneurship training, and community-voted startup grants. SkysTheLimit.org is a 501(c)3 nonprofit.

We’re all familiar with philosophy’s favourite thought experiment: ‘if a tree falls in the forest and no one is around to hear it, does it make a sound?’ Now let’s apply the same thinking to climate action.

If a company takes climate action but doesn’t communicate about it, does anyone know it happened? No, and that means the opportunity for impact, engagement and learning has been missed.

So, while we prefer to keep trees standing (because of their amazing carbon storage benefits) there is a lot we can learn from this hypothetical scenario when it comes to the benefits of communicating about climate action – and the risks of keeping quiet.

South Pole’s 2022 Net Zero Report revealed that one in four companies taking climate action are ‘greenhushing’, or choosing not to publicise their climate progress. To avoid this pitfall and empower you to start, or continue, your climate communications journey with confidence, this blog looks at why companies should communicate their climate action and how to get it right.

Why should I communicate my companies climate action?

Showing progress, celebrating achievements and acknowledging challenges is pivotal to reaching global net zero as quickly as possible. Here’s why companies should communicate the climate action they are taking:

You’ll be an employer of choice.

Research has also shown that 60% of employees say that companies are more attractive if they have a sustainability strategy in place. This movement toward sustainability-focused employment is further emphasised by the recent investment of prominent figures like Mike Cannon-Brookes in Terra.do, underlining the growing importance of sustainability in the job market.

You’ll be preferred by consumers.

In a study by Republic of Everyone (now a South Pole company), 78% of respondents considered a brand’s social and environmental actions when making a purchase. Consumers are increasingly inclined to support brands that demonstrate a commitment to addressing the climate crisis.

You’ll be the preferred supplier.

Companies working toward net zero emissions are scrutinising their supply chains. CDP data shows that over 330 multinational corporations, with a purchasing power exceeding US$ 6.4 trillion, are urging their suppliers to disclose climate data.

You’ll be a better choice for investors and partners.

The finance community is facing significant pressure to use its influence to drive climate action. 80% of global investors deem a company’s management of environmental, social, and governance (ESG) risks as pivotal in their investment decision-making process.

You’ll get ahead of regulation.

While there are a number of reasons to discuss your climate action voluntarily, climate-related disclosure is also increasingly being mandated in countries across the world. For example, both the European Union’s Corporate Sustainability Reporting Directive (CSRD) and mandatory climate-related financial disclosure for Australian companies come into force in 2024.

We are proud to announce that Cadence has received the Human Rights Campaign (HRC)’s 2023-2024 Equality 100 Award in recognition of our leadership for LGBTQ+ inclusion in the workplace. Since our first ranking in 2021, Cadence has been placed among other companies earning top marks, a reflection of our commitment to diversity, equity, and inclusion (DEI).

The larger results of the 2023-2024 Corporate Equality Index showcase how organizations are promoting LGBTQ+ friendly workplace policies, with 1,384 participating in the program—an increase of over 300% since its inception—who cover more than 21 million employees with anti-discrimination protections globally. During their announcement, Human Rights Campaign Sr. Director of Workplace Equality Shawnie Hawkins said, “For well over two decades, businesses have played an important role in furthering LGBTQ+ equality by centering employee needs and voices when it comes to workplace inclusion.” Their goal is to continue partnering with employers to provide educational resources, benchmarking, and supportive opportunities.

“I am overjoyed with Cadence receiving the Equality 100 Award and am proud to work for a company that is truly inclusive.”

Rene Spring,

Program Management Director and LGBTQ+ Inclusion Group Lead

Cadence’s technology is at the center of innovation, and one of our strengths as a company comes from embracing diversity of thought. Receiving the Equality 100 Award is a testament to our inclusive, One Cadence – One Team culture, where all employees can feel valued and appreciated, and we are elated that the impact of our work has been acknowledged by the community.

There are a number of programs we’re proud of that have cultivated a more inclusive environment for our employees, including those within the LGBTQ+ community, which help us earn recognitions like these.

Our LGBTQ+ Inclusion Group, led by executive sponsor Karna Nisewaner and group lead Rene Spring, has played a tremendous part in engaging employees who identify as LGBTQ+ and allies. As we learned of receiving our third consecutive 100% score, Rene captured the buzz felt on campus by saying, “I am overjoyed with Cadence receiving the Equality 100 Award and am proud to work for a company that is truly inclusive. At Cadence, you are welcome no matter who you are. In addition to our outstanding LGBTQ+ benefits, one of the greatest opportunities here is bringing your authentic self to work each day and feeling comfortable doing it.”

Continuing to build upon its long-standing culture of respect and belonging, Cadence has also joined the HRC Business Coalition for Equality. Additionally, we’ve introduced pronouns to email signatures, LGBTQ+ specific health benefits, resource guidelines for transitioning employees, and much more.

Further, we believe in empowering our Inclusion Groups to connect our workplace with personal storytelling and real-world experiences. Earlier this year, we were thrilled to host thought leader and former Human Rights Campaign CEO Elizabeth Birch, who spoke to our employees about her own journey as a champion for LGBTQ+ rights. Previously, we welcomed Judy and Dennis Shepard, founders of the Matthew Shepard Foundation, for a heartfelt conversation on the importance of supporting those close to you that identify as LGBTQ+.

Being a leader for DEI means allies working each day to create safe spaces at work. With employees who sincerely care about one another, we’re fostering more than just acceptance. Congratulations to everyone at Cadence on this prestigious achievement!

“Indigenous people have always known about STEM.”

Learning on the land through observation, storytelling, direct participation and through ceremony has always been the way of teaching in Indigenous communities. Finding a way to align this local knowledge with modern-day STEM teachings is exactly the aim of the Indigenous Youth in STEM Program (InSTEM) from Actua.

The program started over a decade ago as Canada’s first national program dedicated to breaking down educational barriers to Inuit, Metis and First Nations youth.

During the summer in host First Nations communities, the programming is two-fold. High school land camps provide immersive opportunities for students, and community-based, week-long camps for youth in Grades 1 through 6 are led by undergraduate instructors who also teach about relevant STEM topics. Experiences range from learning about the significance of canoes in Indigenous culture to sustainable fashion exploration.

And the best part about the camps? They’re for school credit.

“Adding in the for-school-credit component is a way of not only addressing the cultural needs of community but also achieving positive educational outcomes,” says Doug Dokis, cultural advisor and former Director for the national InSTEM program. “It all contributes to the overarching goal of affecting systemic change.”

With more than 40 years of experience, Dokis has made the development and delivery of programs for Indigenous youth a lifelong career, spending 12 of those years with Actua and leading the development of the InSTEM program.

“All too often, these programs are short term,” says Dokis. “Our programs are designed to create long-term change that address gaps of economic, social, historical and cultural nature.”

Each year, 35,000 students from more than 200 Indigenous communities across the country participate in these face-to-face learning opportunities.

Enbridge is committed to fostering sustainable communities where we work and live. In 2023, a $100,000 Fueling Futures grant from Enbridge directly supports five of Actua’s for-school-credit learning camps, while an identical $100,000 Fueling Futures grant has been directed to Actua’s Cyber Smart Education program, continuing a partnership that began in 2021.

Enbridge also supported the development and distribution of at-home cultural STEM kits during the height of the pandemic, now a permanent fixture in the InSTEM program that Dokis says have become a “mainstay.”

Beyond the camps, Actua is committed to unlocking Indigenous youths’ potential in all sorts of skill development and knowledge building. From children’s workshops to in-school programs and post-secondary engagement, Dokis says it isn’t uncommon to cross paths with former program participants who are now Actua instructors or working in the industry.

“I meet many people who say that the camps and programming changed their whole life,” says Dokis. “I see them speaking at conferences or working at major corporations sitting across the table from me.”

He adds: “The outcomes of these camps are not necessarily just the school credit, but also the immense impact on Indigenous youth to increase their self-awareness and to continue moving forward with confidence in their lives.”

FORT WORTH, Texas, December 14, 2023 /3BL/ – American Airlines has been named to the Dow Jones Sustainability World Index (DJSI World) for the first time, one of only two passenger airlines included in the Index. American also returns to the Dow Jones Sustainability North America Index (DJSI North America) for the third year in a row.

The Dow Jones Sustainability World Index comprises global sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment. It represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic, environmental and social criteria.

“Inclusion on the DJSI World recognizes our work to improve the reliability of our operation, invest in our team members and operate more sustainably,” said American’s CEO Robert Isom. “We are honored to be recognized for our progress.”

Industry-leading operational reliability

American leads the industry in on-time departures year-to-date and major U.S. network competitors in completion factor.Based on a sampling of approximately 3 million customer surveys, American’s Likelihood to Recommend (LTR) score — a key satisfaction indicator — reached a record high in 2022.

Investing in team members

In 2023, the airline reached a four-year agreement with its pilots, represented by the Allied Pilots Association (APA), which will deliver more than $9 billion of compensation and quality-of-life benefits to American’s 15,000 pilots.American received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, the nation’s foremost benchmarking survey measuring corporate policies and practices related to LGBTQ+ workplace equality.

Enhancing our sustainability efforts

American led the industry by setting the first 2035 carbon intensity target validated by the Science Based Targets initiative.More recently, American entered into an innovative offtake agreement for an advanced form of sustainable aviation fuel (SAF) to be produced by Texas-based Infinium. American’s offtake agreement is a critical enabler of further investment in Infinium’s work to produce SAF from waste carbon dioxide and renewable power.American also signed on as the inaugural customer of Graphyte, a carbon removal startup backed by Breakthrough Energy Ventures, which is pioneering a method of permanent carbon removal that uses significantly less energy and at a substantially lower cost, relative to existing carbon removal approaches.

The full results and list of Index constituents are available online.

American’s 2022 Sustainability Report provides updates on the company’s strategy and progress on key issues over the past year. It affirms American’s focus on the sustainability issues most important to its business and stakeholders, including climate change, customer and team member safety, team member professional development and customer service.

More information on American’s sustainability strategy is available at aa.com/esg.

About American Airlines Group
To Care for People on Life’s Journey®. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company’s stock is included in the S&P 500. Learn more about what’s happening at American by visiting news.aa.com and connect with American @AmericanAir and at Facebook.com/AmericanAirlines.

Cautionary statement regarding forward-looking statements and information

Certain of the statements contained in this release should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” “would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if current trends continue,” “optimistic,” “forecast” and other similar words. Such statements include, but are not limited to, statements about the company’s plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on the company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in the company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (especially in Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors), and other risks and uncertainties listed from time to time in the company’s other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.

Nature underpins societal wellbeing by providing basic life support services and material goods such as soil, air, water, food, fuel, and fibre1, so the impacts of nature loss are wide-reaching and threaten the foundations of our global economies, livelihoods, and food systems2,3. According to the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), nature is deteriorating at rates unprecedented in human history, largely due to human activity. Around one million species are facing extinction, many within decades4. Current extinction rates are already at least tens to hundreds of times higher than what has been average over the past 10 million years5 , causing scientists to declare a ‘sixth mass extinction’ to be underway6. Global food systems are the primary driver of this trend7. The conversion of natural ecosystems for crop production or pasture account for 90% of tropical deforestation8 and 70% of water use globally9. The Kunming-Montreal Global Biodiversity Framework (GBF) was adopted in December 2022 to halt and reverse biodiversity loss, calling for countries to take urgent action to put nature on a path to recovery by 2050 for the benefit of the planet and its people.

Why it matters 

Human activity is causing unprecedented rates of deterioration of nature, leading to the possible extinction of a million species within decades. Global food systems are the primary cause of biodiversity loss10, as they drive deforestation and water use, and are also impacted by it.

Ambition 

Act for nature through responsible sourcing practices and strategic partnerships to conserve and restore biodiversity, mitigate and adapt to climate change, and contribute to global water resilience11.

Targets 

Manage the impact of our value chain on nature through the implementation of a nature strategyMaintain our CDP Forests and Climate Change A-List leadership rankingReduce the water consumption of the best practice processing lines by 50% by 2030 compared to 2019 supported by setting 9 water reduction targets for Tetra Pak facilities

Tetra Pak’s role

As one of the businesses that signed the Business for Nature coalition COP-15 business statement calling for governments to adopt the Target 15 of the GBF12 to halt and reverse biodiversity loss, we believe that we have a role to play in helping to protect nature. Target 15 requires all large businesses and financial institutions to assess and disclose their risks, dependencies, and impacts on biodiversity, provide information to consumers to promote sustainable consumption and report on compliance with access and benefit-sharing mechanisms, “to progressively reduce negative impacts on biodiversity and increase positive impacts, reduce biodiversity-related risks to business and financial institutions, and promote actions to ensure sustainable patterns of production”13.

Collaborative approach 
Recognising the interconnectedness of this challenge alongside nature and water, we are collaborating with our suppliers and customers to manage and mitigate our impacts on biodiversity and nature, by (1) ensuring responsible sourcing practices, (2) contributing to global water resilience14 in our own operations and supply chain, and (3) conserving and restoring ecosystems. We know that our packaging products rely heavily on the use of natural resources to be produced. The majority of the land used by our value chain comprises of forests to supply our paperboard; the remainder consists mainly of an agricultural footprint of starch crops for paperboard, sugar cane for our plant-based plastics and mining areas for aluminium foil and stainless steel.

By responsibly sourcing these materials, we can better manage the use of natural resources in a way that ensures their continued availability and minimises the harm caused by the extraction, processing, and use of these resources to the environment, communities, and workers across our value chain. Innovating across our products, filling equipment, processing lines, and services also allow us, and our customers, to reduce water-related impacts. Lastly, we are taking a cooperative approach to reverse biodiversity loss by developing and collaborating on initiatives to restore nature. Overall, we can contribute to the GBF’s vision that by 2050, biodiversity is valued, conserved, restored, and wisely used, maintaining ecosystem services, sustaining a healthy planet, and delivering benefits essential for all people15.

Our progress in 2022

Nature impact assessment and strategy

Early in 2022, we joined the Corporate Engagement Program of the Science Based Targets Network (SBTN)16 to support the development of science-based targets for nature through methods, tools, and guidance to help companies transform their businesses.

We conducted an assessment of our value chain dependencies and impacts on nature. It found that the sourcing of our raw materials, including paperboard and plantbased plastics, has the highest impact on nature, compared to our operations and end use of packaging, which have a lower impact. The assessment provided a clear understanding of the drivers of biodiversity loss in our value chain, helped to prioritise strategic areas for action, and served as the basis for the development of a nature strategy. This strategy includes targets and key actions in four areas: 
1) our upstream supply base; 
2) our operations; 
3) downstream customers and product endof-life; and 
4) transformative actions that reach beyond our value chain.

The development of the Tetra Pak Nature Strategy was a significant milestone in our work related to nature. It helps us clearly articulate our ambition related to nature through concrete targets and actions. It will also be instrumental for us to monitor and report on our progress in addressing the impacts of our value chain on nature.

Anni Vuohelainen, 
Nature Project Manager, Tetra Pak

Sustainable sourcing

We are collaborating with our supply chain counterparts to increase the traceability and transparency of our sourcing, building on our certified chains of custody and our membership of voluntary sustainability standards

We are participating in an EU Horizon 2020-funded project ‘Landgriffon‘ which uses satellite data and image-processing algorithms to support sustainable sourcing decision-making.

Responsible sourcing is one of the key areas where we work to address the impacts of our value chain on nature. We are developing and updating mandatory procurement requirements, such as the procedure for responsible sourcing of Liquid Packaging Board and the procedure for responsible sourcing of Renewable Polymers. For the seventh year, we achieved an ‘A’ from CDP Forests Disclosure, which assessed our progress in measuring and managing forest-related risks and opportunities. In 2022, 865 companies were scored, and we are proud to be one of the 25 who made the 2022 Forests A List. We strive to lead the way in corporate transparency and performance on forests and joined the CDP naturepositive challenge. Additionally, our team has been participating in a series of workshops as part of the ‘Technical Working Group on Landscapes and Jurisdictional Approaches’.
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Paperboard 
On average, the paperboard content of our beverage cartons is more than 70%. Deforestation is a key driver of nature loss and a risk to our business, therefore we are committed to sourcing only from sustainably managed and deforestation-free areas17 by using the Forest Stewardship Council™ (FSC™)18. In 2022, we sourced a total of 2.19 million tonnes of paperboard, 99%19 of which came from FSC™ certified forests and other controlled sources. To further verify the deforestation-free status of our paperboard sourcing, we conducted a pilot land use analysis for a sourcing area that we already know well using the Land Griffon tool, to assess how useful this tool can be for further verification of our sourcing requirements. We maintained traceability of all the wood fibre contained in our packages at a minimum to the level of processing facilities that produce the paperboard, making use of an information system that allows us to track the flow of paperboard from paper mills to our converting factories. All of our suppliers, and our own facilities, are certified with FSC™ Chain of Custody certification to guarantee that the paperboard in our packages comes from FSC™ certified forests or other controlled sources20. We also require our suppliers to report annually on the paper mills, tree species, certification status, and the country and area of origin of the wood fibre used in the paperboard supplied to us.

We have been an active member of FSC™ International since 2008. Via the FSC™ platform, we advocate for multi-stakeholder solutions involving other users and producers to secure the long-term sustainable supply of forest commodities. In the 2022 General Assembly week we participated in three standards consultation processes as well as taking part in a range of membership meetings, using our voting power and membership voice to drive change and simplification. As members of FSC we support the FSC 2026 strategy to increase certified forests from 220 million hectares to 300 million hectares21.

We have also engaged in an initiative to fast-track Biodiversity Assessments of FSC™-certified forests, launched at COP-15 in Montreal. The project aims to evaluate the biodiversity value associated with FSC forest management certification and strengthen the monitoring of forest biodiversity to further support the assessment of FSC’s contribution to biodiversity conservation.

Aluminium 
In 2022, 99.6% of our aluminium volume was delivered by suppliers certified by the Aluminium Stewardship Initiative (ASI) Performance Standard, which addresses GHG emissions, water use, biodiversity, human and labour rights, and OHS, and we were recertified without any nonconformances.

Plant-based plastics 
100% of the plant-based plastics used in our products is made from sustainably sourced sugarcane certified by Bonsucro. Bonsucro certification promotes sustainable production, processing and trade of sugarcane around the world and enables our customers to make stronger and more comprehensive sustainability claims about our products that contain plant-based polymers. In 2019, we were the first company in the food packaging and processing industry to source plant-based plastic responsibly using the Bonsucro Chain of Custody Standard. We further strengthened our approach in 2022 by publishing our first Procedure for responsible sourcing of renewable polymers. Additionally, we are represented on the Bonsucro Members’ Council and gave input on behalf of the End User membership class to the revised Bonsucro Production Standard v5.1 to ensure that biodiversity and ecosystem services are mapped, risk-assessed and managed in sugarcane production areas.

Water management

We are contributing to a water-secure22 world by leveraging expertise, technology, and partnerships towards building secure, resilient, and sustainable food systems23 to reduce water-related impacts of our packaging and processing solutions. We work to reduce impacts on local water resources, contributing to solving shared water challenges in basins at risk24 across our entire value chain.

Analysing our water-related risks across the value chain 
Across 2022, we ran a Water Value Chain Assessment to better understand our water-related risks and impacts along the entirety of the value chain. We interact with water in three main areas: usage upstream, connected with the production of packaging raw materials; usage at our operations; and usage linked to processing and packaging food at our customers’ sites25. The analysis showed that 55% of our corporate water footprint comes from upstream purchases, such as paperboard, fossil-based polymers, and aluminium, followed by 36% related to direct and indirect water use by customers using Tetra Pak equipment. Our direct water consumption from manufacturing sites represents no more than 1% of the corporate footprint. The analysis also quantified the risk in our manufacturing sites for water availability and quality as well as water sanitation and hygiene. As a result, we have set 9 water targets across our value chain covering direct use of water in Tetra Pak facilities, use of products by customers, and water use by suppliers.

Reducing direct use of water in Tetra Pak facilities 
We introduced an internal Water Management Procedure providing guidance and mandatory requirements for all our manufacturing sites with its aim being to engage sites to operate in line with water stewardship standards, including monitoring of water discharge quality and water withdrawal quantities26. Further to this, Tetra Pak sites address water-related impacts both locally, through identification of water improvement opportunities, as well as from a centrally managed approach via our Facilities & Real Estate Management (FREM) organisation.

The increase in water withdrawal between 2022 and 2021 is attributed to our cooling system in our converting factory in Sunne, Sweden. The system uses surface water from a nearby lake for production cooling, after which the water is returned to the same lake. As a result, our net water consumption27 is not significantly affected, as it decreased to 1066ML compared to 1405ML in 2021.
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Part of this decrease can be attributed to our Kunshan site in China which achieved a 10% water reduction and over 2.8 million litres of water savings in 2022 by mapping the possibility of water recycling within municipal water consumption and finding a solution to reuse the waste-treated water in the cooling tower.

Saving wastewater and reducing product losses with membrane filtration solutions 
In an effort to help our customers reduce water use in their operations, in 2022, we worked with two dairy customers on their membrane filtration system to drive efficiency. The first customer, a dairy that produces ingredients, has operated a membrane filtration system to reduce milk product losses by 308,000 litres annually, recover 7,800 litres of water daily, and ultimately reduce wastewater volume requiring treatment by 730,000 litres annually. The dairy collects white water from different processes daily. Using membrane filtration, it can now concentrate the white water to reduce milk product losses and recover water, which can be used for cleaning processes, reducing the need for fresh water. Similarly, we helped a dairy-producing ingredients customer to optimise its membrane filtration system to support the reduction of wastewater discharged, chemicals used, and energy consumed, as well as provide the capacity and capability to purify spent caustic from evaporators for reuse over several years

Reducing 95% water by using water filtration 
Our solutions are allowing further water consumption reduction for our customers when packaging their products. One example is our Tetra Pak® Water Filtering Station (WFS) in filling lines with a 95% water consumption reduction in comparison to those without WFS. This is achieved by the WFS lines removing lubrication, residues from packaging material, hydrogen peroxide and alkaline pH, and then circulating clean water free from all contaminants back into the system. Improving water quality can also increase the lifespan of the components in the filling machines because filtered water is free from H2O particles, oil, grease, and other contaminants that damage and corrode parts.
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Ecosystem restoration

We are engaging in on-the-ground action by developing and supporting collaborations to restore nature, focusing on a nature-based28 land restoration project in Brazil. Our Araucaria Conservation Programme was developed in collaboration with Apremavi, a Brazilian NGO specialising in conservation and restoration projects since 1987. The initiative is set to restore up to 7,000 hectares – equivalent to 9,800 football pitches – of degraded land over ten years in the Forest of Araucarias in the Atlantic Forest, one of the richest biomes and the second most endangered in the world. The project involves a collaboration of stakeholders to advance shared social, economic, and environmental objectives across multiple economic sectors and land uses.

In 2022, a pilot site of 87 hectares of land in the municipality of Urubici, Santa Catarina state was restored29 . This is equivalent to 136 football fields, surpassing the initial goal of 80 hectares. This comes at a time when around 3.75 million hectares of tropical primary rainforests were lost in 2021, 1.5 million hectares of which occurred in Brazil30. Of the 87 hectares, 47 hectares of seedlings were planted, and another 40 hectares are being actively monitored for natural regeneration. Both restoration areas have been protected with a fence to stop livestock from pasturing on the new seedlings and regenerated vegetation.

Land restoration also plays a vital role in combating climate change as trees absorb and store carbon dioxide as they grow. With forests currently responsible for absorbing 30% of all carbon emissions in the world31, restoration projects like the one in the Atlantic Forest can help reduce the levels of carbon dioxide in our atmosphere and help reverse climate change as identified by the IPCC in their latest 2023 AR6 summary report. The aim is to include certification of up to 13.7 million hectares under international voluntary carbon and biodiversity standards for carbon sequestration measurement32.
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Learn more about what is next for Tetra Pak here.

 

1 IPBES. (2019). Global Assessment Report of the Intergovernmental Science-Policy Platform on Biodiversity. In E. S. Brondízio, J. Settele, S. Díaz, & H. T. Ngo (Eds.), IPBES secretariat. IPBES secretariat, Bonn, Germany. 

2 Herweijer, C., et al. “Nature risk rising: Why the crisis engulfing nature matters for business and the economy.” World Economic Forum and PwC. https://www3.weforum.org/docs/WEF_New_Nature_ Economy_Report_2020.pdf

3 FAO. 2019. The State of the World’s Biodiversity for Food and Agriculture, J. Bélanger & D. Pilling (eds.). FAO Commission on Genetic Resources for Food and Agriculture Assessments. Rome. 572 pp. 

4 IPBES. (2019). Global Assessment Report of the Intergovernmental Science-Policy Platform on Biodiversity. In E. S. Brondízio, J. Settele, S. Díaz, & H. T. Ngo (Eds.), IPBES secretariat. IPBES secretariat, Bonn, Germany. 

5 IPBES. (2019). Global Assessment Report of the Intergovernmental Science-Policy Platform on Biodiversity. In E. S. Brondízio, J. Settele, S. Díaz, & H. T. Ngo (Eds.), IPBES secretariat. IPBES secretariat, Bonn, Germany. 

6 Ceballos, G., Ehrlich, P. R., Barnosky, A. D., García, A., Pringle, R. M., & Palmer, T. M. (2015). Accelerated modern human-induced species losses: Entering the sixth mass extinction. Science Advances, 1(5), 9–13. 

7 Benton, T.G., et al. (2021). Food system impacts on biodiversity loss: Three levers for food system transformation in support of nature. Chatham House. Source: https://www.chathamhouse.org/sites/default/files/2021-02/2021-02-03-food-system-biodiversity-loss-benton-et-al_0.pdf 

8 Pendrill, Florence, et al. “Disentangling the numbers behind agriculture-driven tropical deforestation.” Science 377.6611 (2022): eabm9267. 

9 The State of the World’s Land and Water Resources for Food and Agriculture – Systems at Breaking Point. Synthesis Report 2021. Rome (2021),10.4060/cb7654en 

10 Benton, T.G., et al. (2021). Food system impacts on biodiversity loss: Three levers for food system transformation in support of nature. Chatham House. Source: https://www.chathamhouse.org/sites/ default/files/2021-02/2021-02-03-food-system-biodiversity-loss-benton-et-al_0.pdf 

11 “The private sector can play a critical role in building system resilience, as businesses can drive resilience at the local level (on-site resilience), through their supply chains (supply chain resilience) and beyond their operation (system resilience)”. Source: Water Resilience Assessment Framework Corporate Guidance . https://www.globalcompact.de/fileadmin/user_upload/Water_Resilience_Assessment_ Framework.pdf

12 Source: https://www.cbd.int/gbf/ 

13 Source: https://www.cbd.int/article/cop15-cbd-press-release-final-19dec2022 

14 “The private sector can play a critical role in building system resilience, as businesses can drive resilience at the local level (on-site resilience), through their supply chains (supply chain resilience) and beyond their operation (system resilience)”. Source: Water Resilience Assessment Framework Corporate Guidance https://www.globalcompact.de/fileadmin/user_upload/Water_Resilience_Assessment_Framework.pdf 

15 Source: https://www.cbd.int/article/cop15-final-text-kunming-montreal-gbf-221222

16 https://sciencebasedtargetsnetwork.org/wp-content/uploads/2020/11/Science-Based-Targets-for-Nature-Initial-Guidance-for-Business.pd

17 Tetra Pak ensures that wood fibre in the paperboard shall not originate from areas where there has been deforestation after 31 December 2020. Deforestation-free areas are areas where there has been no loss of natural forest as a result of: i) conversion to agriculture or other non-forest land use; ii) conversion to a tree plantation; or iii) severe and sustained degradation. Source: https://www.tetrapak.com/content/dam/tetrapak/publicweb/gb/en/sustainability/Tetra-Pak-Procedure-Responsible-Sourcing-Liquid-Packaging-Board-2023.pdf 

18 The FSC license code for Tetra Pak is FSC™ C014047 

19 The remaining 1% was sourced from Russia during the time when FSC certificates were suspended due to the Russian invasion of Ukraine. Tetra Pak ended all of its operations in Russia on July 26th, 2022, and no longer sources any paperboard or wood fibre from Russia 

20 Controlled sources are FSC controlled wood. This wood originates from low-risk sources which exclude illegally harvested wood, wood harvested in violation of traditional and human rights, wood harvested in forests in which high conservation values are threatened by management activities, wood harvested in forests being converted to plantations or non-forest use and wood from forests in which genetically modified trees are planted. Controlled wood can make up a maximum of 30% of FSC MIX certified wood fibre. More information: https://fsc.org/en/fsc-mix-label-and-controlled-wood

21 Source: https://fsc.org/sites/default/files/2020-12/FSC%20GLOBAL%20STRATEGY%202021-2026%20%28English%20version%29%20%282%29.pdf

22 UN Water defines water security as “the capacity of a population to safeguard sustainable access to adequate quantities of and acceptable quality water for sustaining livelihoods, human well-being, and socio-economic development, for ensuring protection against water-borne pollution and water-related disasters, and for preserving ecosystems in a climate of peace and political stability”. Source: https://www.unwater.org/publications/water-security-and-global-water-agenda 

23 The Food and Agriculture Organization of the United Nations defines food systems as “the entire range of actors and their interlinked value-adding activities involved in the production, aggregation, processing, distribution, consumption and disposal of food products that originate from agriculture, forestry or fisheries, and parts of the broader economic, societal and natural environments in which they are embedded”. Source: https://www.fao.org/3/ca2079en/CA2079EN.pdf

24 Basins at risk are identified following the SBTN methodology, based on eight different indicators across water quantity, quality and wash. For each indicator, a score between 1 and 5 is attributed. Within these three categories, one indicator with a score of 3 or above indicates that the basin is at risk. Source: https://sciencebasedtargetsnetwork.org/resources/ 

25 For Tetra Pak sites, water is supplied either by third party (municipal supply), by own ground wells, or from surface water. Besides water use at all our sites for sanitary purposes, water is also used for industrial operations. Common uses include cooling systems, washing activities, equipment testing activities, and gardening. Water discharge is done either to external wastewater treatment (municipal or third-party wastewater facilities), or to surface water after on-site wastewater treatment.

26 Each Tetra Pak site is locally responsible for ensuring that it meets all local water related regulatory requirements. 

27 Water consumption is the portion of water use that is not returned to the original water source after being withdrawn. Consumption occurs when water is lost into the atmosphere through evaporation or incorporated into a product or plant (such as a corn stalk) and is no longer available for reuse. Source: https://www.wri.org/insights/whats-difference-between-water-use-and-water-consumption

28 Solutions that are inspired and supported by nature, which are cost-effective, simultaneously provide environmental, social and economic benefits and help build resilience. Source: https://research-and-innovation.ec.europa.eu/research-area/environment/ nature-based-solutions_en 

29 Verification of restoration status will be undertaken by Apremavi, our restoration partner. 

30 World Resources Institute: Global Forest review. (2022). Source: https://research.wri.org/gfr/latest-analysis-deforestation-trends 

31 United Nations Climate Action. Source: https://www.un.org/en/climatechange/science/climate-issues/land 

32 The uptake and storage of carbon. Trees and plants, for example, absorb carbon dioxide, release the oxygen and store the carbon. Source: https://www.eea.europa.eu/help/glossary/eea-glossary/carbon-sequestration

Originally published in Scaling Circularity: Novelis 2023 Sustainability Report 

Aluminum is a robust and durable material ideal for creating everyday items from beverage cans to cars, buildings, and aircraft. Among its core properties, aluminum is infinitely recyclable with no loss in quality during remelting and re-processing. Additionally, recycled aluminum uses approximately 95% less energy than is required to produce primary aluminum from mining and smelting, with a nearly equivalent reduction in greenhouse gas (GHG) emissions. Because recycled aluminum’s carbon footprint is significantly less than primary aluminum, we can continue to reduce our emissions by recycling more aluminum scrap than we do today. 

By scaling circularity across our value chain, we can deliver lower-carbon products to our customers. 

The following sections describe our decarbonization strategy and our implementation progress over the last fiscal year on our journey to achieve our 2026 targets. Collaborating across our value chain will help us achieve our 2050 carbon neutrality goal.

Lever 1: Decarbonizing the Melting Process and Energy Sources

Lever 1 covers our Scope 1 and Scope 2 GHG emissions. Our Scope 1 emissions come from the energy we consume at our operations and represent 8% of our total emissions. Scope 2 indirect emissions come from the energy we source from utilities, which is 5% of our total emissions. 

Aluminum recycling — specifically, remelting — is the most energy intensive process in our operations. We make efforts to increase efficiencies in our plants to reduce fuel and energy use. We seek to decarbonize the melting process through alternative fuels, clean energy sources, and innovative carbon capture technologies.

Lever 2: Maximizing Circularity (Increasing Recycled Content)

Creating a circular aluminum value chain is a critical pathway to decarbonizing our industry. 

Decarbonization Levers 2 through 5 are focused on reducing our Scope 3 emissions, which account for 87% of our carbon footprint. 

We are focused on innovating and scaling the benefits of a low-carbon and circular economy for our business and partners along our value chain. We take a multi-pronged approach to circularity by collaborating with the most innovative partners in the value chain. 

While we operate in a complex and changing environment, Novelis is well-positioned to lead.

Lever 3: Innovating New High-Recycled-Content Alloys

Novelis is a leader in aluminum recycling. As such, we achieved an average recycled content in our products of 61% in FY23. The recycled content of our can sheet — our most extensive product line — exceeds 80%. To increase circularity and decrease the carbon footprint of all our products, we work closely with customers in all four of our value streams (beverage packaging, automotive, aerospace and specialties) to develop high-recycledcontent alloys that meet their complex technical specifications and requirements.

Lever 4: Increasing Recycling Capacities and Capabilities

By increasing recycling and casting capacity, we can produce our own ingots with higher amounts of recycled material, which reduces the need for higher carbon primary aluminum. 

As a result of our investments, shown on page 22, we achieved an average of 61% recycled content in our products in FY23. Last fiscal year, we purchased or tolled approximately 2,325kt of recycled metal, including more than 82 billion used beverage cans. We view recycling as the hallmark of our business and a cornerstone of our decarbonization efforts. We look for opportunities to improve our aluminum scrap intake and processes to transform scrap aluminum into new high-value products. Since 2011, we have completed or announced approximately $2 billion in recycling investments.

Lever 5: Supporting Decarbonization of Primary Aluminum

We explore opportunities to increase the amount of recycled content in our products but are limited by factors like scrap availability, the quality of scrap mixes, and customer requirements. To supplement our use of recycled content, we also purchase primary aluminum, with the aim to secure the lowest-carbon primary aluminum available. Low-carbon primary aluminum is mainly produced using renewable energy (primarily hydropower) for the smelting process. The availability of lowcarbon energy sources varies by region. 

While we strive to purchase the lowest-carbon primary aluminum available, only about 25% of the 69,000kt of primary aluminum produced globally each year is low carbon, limiting our ability to purchase from low-carbon sources. Ultimately, the primary aluminum industry requires transitioning from high-carbon energy sources (e.g., those powered by coal) to renewable sources to decarbonize the energy-intensive smelting process.

Read full report here

The effects of climate change can have a major impact on the global food system. That’s why Yum! Brands aims to be part of the solution and is working with suppliers to cut greenhouse gas (GHG) emissions.

“We rely on healthy agriculture systems to support sustainable crop yields and livestock productivity,” said Yum! Chief Sustainability Officer Jon Hixson. “If temperatures rise and extreme weather events increase, then there may be less supply of items like beef, chicken and cheese worldwide. It’s all connected. Improving supply chain resilience helps mitigate these risks, benefiting our consumers, suppliers and franchisees.”

In 2021, Yum! Brands announced science-based targets (SBTs) and established a clearly-defined path to reduce its GHG emissions intensity from core proteins, which include beef, chicken and dairy, by 46% by 2030, compared to its 2019 baseline, in line with the Paris Agreement goals.

In order to reach these goals, Yum! is partnering with its protein suppliers, investing in targeted pilots, engaging with sector and industry partners from land use to animal feed, and working across the food industry to ensure transparency and alignment with how agricultural emissions are being tracked and reported.

Tapping into technology to make dairy more sustainable

United States dairy farmers have worked hard to reduce their GHG emissions, so much that the U.S. dairy industry is responsible for less than 2% of the nation’s total carbon output.

Their expertise is evident in the Dairy Farmers of America’s (DFA) partnership with Pizza Hut U.S. In 2022, Pizza Hut set a goal to source 50% of the dairy used to make its pizza cheese from farmers focused on using sustainable practices by 2025 and met the goal two years early.

Now the brand is focused on helping those dairy farmers become even more sustainable by providing them with a SCiO cup. Farmers place a scoop of cattle feed into the cup to determine levels of dry matter in the feed, delivering precise nutrition to the cows. As a result, the cows eat less feed but consume more nutrients, resulting in less methane released, causing an overall GHG emissions reduction.

“This DFA partnership provides dairy farmers with technology that makes feeding cows more efficient and reduces environmental impacts while still delivering the same great taste our customers have come to expect,” said Emily True, the global sustainability manager at Pizza Hut. “The technology is so effective that we’re applying it to markets around the world.”

Investing in sustainable agricultural practices

Native grasslands make up a critical component of the U.S. beef supply chain; they also generate many important ecosystem services, including helping with carbon storage, supporting water retention and providing habitats for fish and wildlife. But these systems are adversely affected by climate change, land use conversion, overgrazing and the spread of invasive species.

To address these environmental impacts, Taco Bell and long-time supplier Cargill are jointly committing $2 million and will leverage up to an additional $2 million in funds from the National Fish and Wildlife Foundation (NFWF) to provide grants to U.S. beef producers in the Intermountain West via the Rocky Mountain Rangelands Program. The first round of grant recipients have already been identified for their impactful restoration and regenerative ranching work.

“In partnership with Cargill, Taco Bell will help organizations working directly with ranchers to provide a better habitat for wildlife, increasing carbon sequestration and creating a more resilient ecosystem for people and for the species that depend on these rangelands for their very survival,” said Jeff Trandahl, executive director and CEO of NFWF.

Combatting biodiversity loss 

Another way the protein supply chain contributes to climate change is when forests are cleared to grow crops or raise animals, like in the Amazon and other areas of South America, which then releases carbon. As soy is a key ingredient in poultry feed, KFC is committed to being part of the solution with its Western Europe market aiming to source 100% of its soy sustainably by 2030 (2025 for KFC U.K. & Ireland). Plus, the brand has already incorporated a soy sourcing policy into its Sourcing Code of Practice, conducting a soy mapping exercise, engaging with suppliers on sustainability programs and sharing progress and challenges through disclosure.

“Delivering finger lickin’ good chicken to our fans is important, as is ensuring that KFC does so responsibly. Soy raised in areas known for higher risks of deforestation is a topic we continue to focus on to mitigate our impact on climate and biodiversity,” said Aurélie Dufour, head of Responsible Sourcing & Regulatory Compliance in KFC Western Europe. “Tracking soy used across the poultry supply chain is complicated, but we are committed to preventing deforestation with the help of our suppliers and trusted NGO partners.”

Engaging suppliers about climate action 

Beyond the targeted engagements, Yum! knows how important it is to engage its suppliers more broadly when it comes to climate action. That’s why the company joined the Supplier Leadership on Climate Transition (LOCT) in 2022. Suppliers that participate in the program receive education and training on the climate landscape, measurement and reporting, and abatement. The goal is that participating suppliers will make impactful changes in how they operate, ultimately benefitting the climate, but also, their bottom line.

“This is hard work and takes a real commitment,” said Ann Davidsons, director of Energy, Sustainability & Infrastructure at Guidehouse, the global consultancy firm that manages the Supplier LOCT. “Our experience is proving that, with access to hands-on education and practical tools, suppliers can make a measurable impact in a more rapid fashion.”

Looking ahead at decarbonization in food systems

Collaborating with suppliers and sharing key learnings across its global business will remain integral as Yum! continues its climate journey. This includes areas that are still in development like how to track and calculate emissions in food systems which can vary by commodity and supplier.

“Our brands remain committed to making their supply chains more sustainable whether it be by reducing emissions or investing in more sustainable agriculture practices,” said Hixson. “While there’s still a lot of work to be done, our cross-sector collaborations are helping identify new innovations and providing space to test what works before we look to scale solutions more broadly.”

For more information about Yum!’s Recipe for Good Growth, click here.

December 14, 2023 /3BL/ – The Healthcare Plastics Recycling Council (HPRC) is pleased to announce that LyondellBasell (LYB), a leader in the global chemical industry, has become a new council member. LYB will contribute its expertise in polyolefin product development and knowledge of mechanical and advanced recycling to HPRC.

“As a leader in their industry, LyondellBasell is dedicated to finding solutions for plastic recycling and circularity,” said Peylina Chu, Executive Director of HPRC. “We are excited to add their extensive knowledge and experience to our project teams.”

LyondellBasell is creating solutions for everyday sustainable living. The company’s goals to help end plastic waste include producing and marketing at least 2 million metric tons of recycled and renewable-based polymers annually by 2030 and zero loss of plastic pellets to the environment from its facilities. LyondellBasell’s approach to achieving these goals includes the company securing access to plastic waste feedstock, increasing capacity to produce more recycled and renewable-based products, and collaborating with customers to deliver more sustainable solutions.

“We are making a positive impact across our value chains,” said Leslie Schrof, Business Development Manager, Circular & Low Carbon Solutions at LyondellBasell. “Through collaboration with the various members of HPRC, we can help improve the recyclability of plastics in the healthcare industry and deliver more sustainable solutions to our customers and partners.”

HPRC is currently engaged in multiple initiatives aimed at enabling the recycling and circularity of healthcare plastics, including research into advanced recycling technologies to recycle mixed-stream healthcare plastics and a study of reverse logistics processes for collecting, segregating, and preparing healthcare plastic waste for transport.

About HPRC

HPRC is a private technical coalition of industry peers across healthcare, recycling, and waste management industries seeking to improve the recyclability of plastic products within healthcare. Made up of brand-leading and globally recognized members, HPRC explores ways to enhance the economics, efficiency, and ultimately the quality and quantity of healthcare plastics collected for recycling in support of a circular plastics economy. HPRC is active across the United States and Europe working with key stakeholders, identifying opportunities for collaboration, and participating in industry events and forums. For more information, visit www.hprc.org and follow HPRC on LinkedIn.

About LyondellBasell

We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living.  Through advanced technology and focused investments, we are enabling a circular and low carbon economy.  Across all we do, we aim to unlock value for our customers, investors and society.  As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare.  For more information, please visit www.LyondellBasell.com or follow @LyondellBasell on LinkedIn.

FORWARD-LOOKING STATEMENTS FOR LYONDELLBASELL

The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not limited to, our ability to meet our sustainability goals, including the ability to operate safely, increase production of recycled and renewable-based polymers to meet our targets and forecasts, and achieve zero plastic pellet loss to the environment from our facilities. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2022, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission’s website at www.sec.gov.