LyondellBasell announced it received a rating of AA, on a scale of CCC to AAA, in the MSCI ESG Ratings Assessment and is now part of the 'leader' category.

The new rating is an improvement from the 'A' status LyondellBasell received last year and is reflective of the actions the company has taken on carbon mitigation and its industry-leading corporate governance practices.

"Our ESG success is measured by the meaningful progress we continue to make on our climate strategy, transparency and the actions we take," said Andrea Brown, LyondellBasell chief sustainability officer. "We believe in creating solutions for everyday sustainable living, and an important component of this is ensuring we maintain our momentum in progressing our ESG activities in a positive direction."

AA ratings are awarded to the top 10% of companies within each sector included in the index—those who are leading their industry in managing the most significant ESG risks and opportunities. For more information, please see the MSCI ESG Ratings website.

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Source: PRNewswire