The Rotterdam-based company produces 53 SIN List substances (including one persistent chemical), with five of these officially recognised as chemicals of high concern by the EU. The company has a method in place to screen and assess the…
LyondellBasell produces 53 SIN List substances, five of which are included on the REACH Candidate List, with one of them also found on the REACH Authorisation List. The Dutch company produces one persistent chemical. Persistent chemicals are particularly problematic since they do not break down, but instead accumulate in humans and the environment. Because of this, persistent chemicals should be of extra concern for investors. Substances that are not considered a problem today could become huge liabilities in the future.
LyondellBasell has a method in place to screen and assess the sustainability of its products, however, it is unclear if an investigation of the intrinsic hazards of ingredients is included in the method. The company does not make use of the GreenScreen assessment tool, nor does it exclude substances with toxic properties from its new products. It does not follow the principles of green chemistry or market safer alternatives on its website either.
The Dutch company shares chemical safety information on its website but does not have a phase-out strategy for hazardous substances. LyondellBasell is a member of Responsible Care and follows a Code of Conduct.