LyondellBasell
Corporate Bias Rating
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Risk Level:
Summary:
LyondellBasell often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. LyondellBasell occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.
View Full Corporate Bias Ratings ReportHas canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
LyondellBasell has not publicly canceled customers, suppliers, or vendors based on views or beliefs (1).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.
Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.
The CEO of LyondellBasell, Bhavesh Patel, is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders (1)(2). LyondellBasell supports DEI within its business practices, employing a DEI Council and Equity Committee (3). LyondellBasell is committed to net zero greenhouse gas emissions by 2050 (4). LyondellBasell is a member of Workplace Pride Global Benchmark, which helps “with implementing global D&I and LGBTIQ+ policies in countries where obstacles such as legal frameworks or cultural norms make it hard to do so” (5)(6). Otherwise, there are no publicly known cases of LyondellBasell using its reputation to advance ideological causes or policies (7).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
LyondellBasell was a Bronze Tier corporate sponsor of the Trevor Project, an organization that advocates for controversial sex and gender ideology, including “gender transition” drugs and surgeries for minors, through legislation, litigation, advertising, and PR campaigns. The organization also hosts online chatrooms that allow adults to communicate with minors as young as 13 about sexually explicit topics. Adults in these chatrooms have encouraged minors to adopt transgender identities and withhold this information from their parents (1)(2)(3)(4)(5). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (6).
Board Bias
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1792 Exchange has not yet compiled data about the board of directors or political contributions of leadership for this company.