Economic Sustainability
Risk Management
Risk Management (ERM) Process which applies with the framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
Explore MoreCorporate Governance
Good corporate governance allows us to measure our integrity and achieve sustainable business growth and long term value for our stakeholders.
Explore MoreAnti-Corruption
We place great emphasis on combating corruption and are dedicated to conducting business with the highest ethical standards. Our goal is to achieve excellence by fostering transparency and upholding a strong corporate governance framework. We also adhere to all local, national, and international laws as appropriate. We also have the Anti-Corruption Assistance Package, which was created in 2020 to aid all units in adhering to widely accepted anti-corruption frameworks.
Our Internal Audit Department conducts reviews of the anti-corruption practices at the units and functions and reports findings to the Audit Committee to ensure continued policy compliance. In 2024, we were not involved in any political contributions and will be continuing as a CAC certified company in Thailand.
Case Study
Operations assessed for risk related to corruption
Indovinya, one of our business segment which produce upstream chemicals, has been working to standardize the assessment processes of our production units regarding risk related to corruption, which align with the corporate direction. This process is done with the Heads of each plant. All production units have been assessed thus far. In 2024, no cases of corruption, bribery or conflict of interest were addressed to the compliance committee.
| 2024 | |
|---|---|
| Total production sites | 17 |
| Number of production sites assessed for risks related to corruption | 17 |
| % of operation | 100% |
Customer Relationship Management
IVL = Indorama Ventures is a market leader in the polyester value chain. In order to maintain this position and drive consistent, sustainable growth, we believe that good Customer Relationship Management (CRM) is an integral part of our long-term success.
CSI Target
Responsible Sourcing
We have been focusing on positively influencing and collaborating with supply chain partners to promote ESG best practices and to minimize intrinsic risks that can have a significant on IVL and stakeholders.
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