Our vision for the future is that LyondellBasell (LYB) is a place where there is genuine equal opportunity for all and DEI is embedded within our culture as deeply as safety. We want to create a space where fairness, equity, and a sense of belonging are experienced by all, propelling individual and collective success.
Diversity, equity and inclusion (DEI)
Our DEI strategy
As part of our comprehensive and integrated DEI approach, we developed goals for each of our strategic pillars.
Our efforts reflect a holistic, multi-year strategy to improve representation, ensure fairness, increase visibility and drive equity in all our processes and systems. We have also developed a Global DEI Leadership Council and an Equity Committee to ensure we reach our goals.
-
Global DEI Leadership Council
-
The DEI Leadership Council is responsible for working closely with the Executive Committee to shape and implement the DEI strategy. The council is comprised of global leaders, representing employees across our regions and organizations.
-
-
Equity Committee
-
In 2023, we established an Equity Committee comprised of all key functional groups in the People and Culture function with the intention of leveraging the interconnectivity to create a path to greater equity and improve the understanding and impression of fairness among employees.
-
Pay equity - advancing pay fairness for all
As part of our commitment to pay fairness, we focus on the following four pillars: market competitiveness, pay governance, pay transparency and equal pay opportunities. We aim to offer equal opportunities to our employees, enabling them to progress from both a career and pay perspective. Multiple salary reviews are conducted during the year to meet our pay equity directives, ensuring comparable pay for similar work. Alongside this review, we conduct a global median pay gap analysis, measuring differences in the median pay by gender and by underrepresented employees, which is an indicator of representation.
Employee networks - building an inclusive community
Our Employee Networks help cultivate a community where all employees feel valued and respected. They also allow our employees to connect with colleagues who have similar interests, identities and goals; to network, demonstrate allyship, share ideas and learn; and to foster professional and personal growth. We developed eight Employee Networks with plans to expand.
We are actively building an inclusive workplace where diversity is celebrated, leaders champion belonging and everyone feels empowered to contribute fully.
Read more employee stories below:
