OUR SUSTAINABILITY JOURNEY

Over the past decade, we expanded our sustainability initiatives through the 3Ps – People, Planet and Prosperity and focused on our sustainability strategy by reimagining a healthier future. Going forward, we will accelerate sustainable solutions for the world’s biggest challenges and facilitate further dialogue to shape an agenda for a better world.

GROUP CEO MESSAGE

“Climate change threatens our ecosystems and our economies. The solution is decarbonization. Recognizing the urgency to act, Indorama Ventures is stepping up investing in our people and technology.”

ALOKE LOHIA

Group Chief Executive Officer Chairman of Sustainability and Risk Management Committee

CEO MESSAGE

“Our chemistry touches everyday life, and we are confident in our capacity to meet our customers’ growing needs while delivering on our sustainability ambition and contributing to the new world of circularity. ”

DILIP KUMAR AGARWAL

Chief Executive Officer and Chief Financial Officer Member of Sustainability and Risk Management Committee

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CHIEF STRATEGY OFFICER MESSAGE

“We realized the need to unlock cross-functional interdependencies to achieve our full potential as 'One IVL' and become a sustainable company in the new ecosystem.”

UDEY PAUL SINGH GILL

Chief Strategy Officer Member of Sustainability and Risk Management Committee

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CHAIRMAN OF ESG COUNCIL MESSAGE

“The circular economy is an industrial evolution, supported by our products and business operations which are also meeting consumers’ expectations through a ‘make-use-recycle’ model.”

Yash Lohia

Chairman of ESG Council Member of Sustainability and Risk Management Committee

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2021 Performance

Total Sales Volume

million tons

+5%

Total Revenues

US$

million

+38%

Core EBITDA

US$

million

+55%

Core Net Profit after Tax and NCI

US$

million

+234%

Operating Cash Flow

US$

million

-24%

Core Earnings per Share

THB

+2.48 THB

Total Energy Consumption
Total Renewable Energy Comsumption
GHG Emissions (scope 1&2) Intensity

tCO2e / ton of production

Total Water Withdrawal Intensity

m3/ton of production

%

of total waste were recycled and reused in 2021

Total Workforce

Employee Engagement

%

(NPS)

Gender Diversity

%

VALUE CREATION at IVL

Our business model demonstrates how we are creating value through our short, medium, and long-term strategies via six capital inputs. We included information on the availability, quality and affordability of capital and revealed an indicator that tracks capital linked to our outputs providing an important and relevant context to the information provided.

IVL’s Value Creation Model

Highlights

REPORT CHAPTERS

Responsible Business and Effective Governance

VALUE CREATED

Our strong and robust governance mechanisms are designed to generate sustainable growth throughout our value chain to benefit IVL and key stakeholders, including our customers and suppliers.

CAPITALS LINKED IN THIS CHAPTER

Intellectual Capital (Organization)

Social and Relationship Capital

Financial Capital

With strong and robust governance at IVL and our subsidiaries, we generate sustained growth benefiting the organization and key stakeholders. We rely on an experienced and high-caliber Board of Directors to drive the Company’s success and continue to remain vigilant on emerging risks and compliance requirements through a top-down approach given the breadth of our multinational operations.

Topics in this Chapter

  • Corporate Governance
  • Business Ethics, Integrity, and Transparency
  • Anti-Corruption
  • Sustainability Governance
  • Risk and Crisis Management
  • Cybersecurity Management
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Driving Sustainable Value Creation and Growth

VALUE CREATED

Our significant investments in recycling have increased our market share and lowered GHG emissions, allowing us to gradually realize our carbon neutral ambitions. Meanwhile, IVL’s creative and sustainable portfolio comprise best-in-class products, resulting in increased customer satisfaction. Furthermore, our flagship recycling education program is increasing community awareness and responsible consumer behavior.

CAPITALS LINKED IN THIS CHAPTER

Financial Capital

Intellectual Capital

Social and Relationship Capital

We are driving sustainable growth by adopting circularity, innovation, and sustainability across our value chain. We actively participate in industry associations and memberships and collaborate with stakeholders to identify partnership opportunities. Our robust innovation management and product stewardship systems are used to evaluate and improve our existing products and processes for improved customer satisfaction.

Topics in this Chapter

  • Circularity across our value chain
  • Innovation Driven Growth
  • Safe and Sustainable Products
  • Creating Strong Customer Relationships
  • Supply Chain Management
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TOWARDS NET ZERO CARBON

VALUE CREATED

In support of the communities and environment where we operate, we are rapidly shifting gears to reduce our natural resource consumption, using more renewable energy and improving operational efficiencies at all our projects and sites.

CAPITALS LINKED IN THIS CHAPTER

Natural Capital

Manufactured Capital

Social and Relationship Capital

Our new 2030 targets accelerate our actions to achieve Net Zero Carbon in our operations and supply chain. We ensure that our operations align with robust standards and regulations through our environmental management system and ISO certification. Every year, IVL’s Operational Excellence Awards recognize initiatives that adhere to good practices.

Topics in this Chapter

  • Decarbonization in our Value Chain and in our Operations
  • Renewable Energy
  • Recycling
  • Managing our Environmental Impact (Energy, Water, Waste, emissions)
  • Robust Environmental Governance
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EMPOWERING OUR PEOPLE AND COMMUNITIES

VALUE CREATED

Our employees are our greatest asset. We empower our workforce through a variety of developmental programs, meaningful employee engagements, and robust mechanisms to ensure their safety.

CAPITALS LINKED IN THIS CHAPTER

Human Capital

Intellectual Capital

Social and Relationship Capital

We support a robust safety culture, as well as human rights and well-being in the workplace. We seek, develop, and retain top talent, and promote employee engagement, diversity, and inclusion. Our flagship Recycling Education program, as well as our CSR efforts, give back to the communities where we operate.

Topics in this Chapter

  • Safe and Healthy Workplace
  • Human Rights in Workplace
  • Investing in our people
  • Giving Back to our Communities
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SUSTAINABLE SOLUTIONS TO CREATE A BETTER WORLD

Our product stewardship is squarely focused on investing in cutting-edge innovations and processes, and offering sustainable products. This is achieved through important collaborations and by ensuring that an innovation mindset permeates throughout our organization.

Resources

Sustainability Report Executive Summary 2021
Sustainability Report Executive Summary 2021
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Sustainability Reports 2021
Sustainability Reports 2021
Download View E-book
KEY PERFORMANCE BENCHMARKING
REPORT CENTER
IVL ESG PROFILE