Indorama Ventures

Sustainability Report 2023

Possible through Action

Indorama Ventures - Chart Generator

Navigate, customize, and make use of our interactive chart generator to get up-to-date insights on our sustainability performance.

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Indorama Ventures - ESG profile

Our new online platform provides insightful and easily accessible information on IVL's activities across environmental, social and governance dimensions.

CEO Message

“ Next economic revolution is underway, and this fundamental shift revolves around Sustainability. ”

- Aloke Lohia

Group Chief Executive Officer

Circular Economy

We intend to reduce the concern consumers have about the impact of PET bottles in the environment, and will achieve this by building collaborative systems to increase the global recycling rate of polyester and investing in recycling capacities.

Sustainability Development Goals

At the United Nations Sustainable Development Summit in September 2015, world leaders adopted the 2030 Agenda for Sustainable Development

Discover More

We at IVL see the recycling of PET at the very core of our contribution to
the global effort to create a Circular Economy,

Since 2011 until now, we recycled

Bottles

Recycling Business

Recycled Products

Renewable electricity generated and used in plants

kWh

Total cumulative GHG reduction

kg CO₂e

Due to Renewable electricity consumption

The Renewable Electricity generated by us can help..

8,800+

Homes' electricity use for one year

2,900,000,000+

Number of smartphones charged

Carbon sequestration

750,000+

Tree seedlings grown for 10 years

The source and calculations originate from the U.S. Environmental Protection Agency (EPA)

Economic Sustainability

Environment Sustainability

Social Sustainability

External Ratings

FTSE4Good

Indorama Ventures ranked No.1 in the FTSE4Good Index Series for three consecutive years.

This achievement reflects our continuous commitment to sustainability, with our scores have consistently improved year on year, reaching our highest score to date of 4.6 out of 5 (As of June 2024). We have achieved our best-ever performance in social and governance themes and have made significant advancements in enhancing water security and strengthening anti-corruption measures.

MSCI

Indorama Ventures achieved a significant achievement: an upgrade to “AA” from “A” on the MSCI ESG Rating, ranking in the LEADER, among the top 12% (the first 7 companies) out of 57 commodity chemical companies.

CDP

Indorama Ventures has been awarded by CDP a “B” rating for Climate Change Management and a “B-” rating for the first year of assessment on Water Security. This recognition highlights our commitment to sustainability, climate and water management.

EcoVadis

Indorama Ventures received the highest award for sustainability performance, a Platinum Medal, from EcoVadis, positioning us in the top 1% (99th percentile) of all companies assessed within the primary industries of basic chemicals.

EcoVadis

IVL has been awarded a Platinum medal in recognition of sustainability achievement.

We achieved the Platinum Level at score 75, recognized as one of the top 1% of companies (99^th percentile) assessed by EcoVadis.

Dow Jones Sustainability Indices (DJSI) 2023

Indorama Ventures has been included as a member of the Dow Jones Sustainability World Index (DJSI World) for the fifth consecutive year and the Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets) for the seventh successive year.

SET Awards 2023

Indorama Ventures has achieved a total score of 80 with an AA grade, This rating reflects the company’s excellent ESG performance and can be attributed to outstanding practices in the areas of Customer Relationship Management, Taxation, Environmental Management, Climate Change Strategy, Product Stewardship, and Occupational Health and Safety.

Chemscore

Indorama Ventures received a B-ranking in the 2023 ChemScore assessment, obtaining the second-place position among 50 global chemical companies.

FTSE4Good

Indorama Ventures ranked No. 1 in the FTSE4Good Index Series

We achieved an ESG score of 4.5 out of 5 (As of June 2023) ranked in the 100th percentile. Our result is a testament to IVL’s outstanding development in sustainability and our commitment to responsible environmental, social and governance (ESG) practices for the benefit of all stakeholders

MSCI

Indorama Ventures successfully achieves its first A rating in 2022

This achievement demonstrates our strong commitment to sustainability and outstanding performance in environmental, social, and corporate governance this year.

S&P Global – The Sustainability Yearbook

S&P Global - The Sustainability Yearbook

Indorama Ventures was recognized as a member in the 2023 edition of S&P Global’s Sustainability Yearbook.

EcoVadis

IVL was awarded a Gold medal in recognition of our achievements in sustainability.

We reached the Gold Level with a score of 77 placing us in the 99^th percentile as assessed by EcoVadis.

Chemscore

Indorama Ventures achieved 1^st rank in the world by ChemSec for the second year in a row for best practices in chemical footprints.

Dow Jones Sustainability Indices (DJSI) 2022

Indorama Ventures included in the Dow Jones Sustainability indices (DJSI) for the sixth consecutive year

CDP

Indorama Ventures achieved B Rating for its achievement in Climate Change assessment by Carbon Disclosure Project (CDP).

We remain in CDP list for the seventh consecutive years, demonstrating our efforts in managing and providing vital information in order to prevent climate change.

Top Sustainability Advocate in Asia

Indorama Ventures has been named as the winner of the “Top Sustainability Advocate in Asia” by Asia Corporate Excellence and Sustainability Awards (ACES) 2022.

The prestigious award reinforces IVL's ongoing commitment and progress in sustainability under its purpose of ‘Reimagining chemistry together to create a better world’.

Best Sustainable Product

Indorama Ventures has been recognized as the winner of the Best Sustainable Product Award at the Chemical Week Sustainability Awards 2022.

The award was for IVL’s Deja^TM Carbon Neutral pellets, the world's first carbon-neutral virgin polyethylene terephthalate (PET) resins, helping to reduce environmental impact.

SET Awards 2022

Indorama Ventures Received the Highly Commended Sustainability Award at the SET Awards 2022, held virtually by The Stock Exchange of Thailand (SET)

S&P Global – The Sustainability Yearbook

Indorama Ventures was recognized as a Sustainability Yearbook Member in the S&P Global Sustainability Yearbook 2022.

Chemscore

Indorama Ventures achieved 1^st rank with a grade of B among the world’s top 50 global chemical producers.

The result demonstrates our strong chemicals management and our efforts to develop the greener and more sustainable product, whilst holding back production of hazardous chemicals.

Best Sustainability-Linked Transaction & Best ESG-Linked Financing Deal of the Year

Indorama Ventures was awarded “Best Sustainability-Linked Transaction & Best ESG-Linked Financing Deal of the Year” for its THB 10 billion Sustainability-Linked Bond (SLB) at the 15th Annual Best Deal & Solution Awards 2021 by Alpha Southeast Asia