Our Decarbonization Strategies

In order to decarbonize carbon footprint in our operations and value chain, we are exploring a diversified portfolio of solutions including new ideas and working with others to drive innovation. IVL is exploring a combination of following decarbonization strategies:

Improving operational efficiency

Invest in operational and energy efficiency to reduce emissions in our operations

Renewable Electricity

Decarbonize IVL’s energy consumption via on-site vs. off-site renewable energy development

Recycling

Invest in and expand recycling facilities to address plastic pollution and reduce lifecycle carbon emissions

Natural Capital Solutions

Explore partial/full ownership of carbon offsetting projects

Future Technologies

Exploring opportunities for Carbon Capture Utilization and Storage (CCUS), green hydrogen, bio/renewable feedstock, Renewable Natural Gas (RNG)

Greenhouse Gas Management

We support the Paris Agreement achieved at COP 21 and its application to our operations, and are mobilizing our plants worldwide to reduce GHG emissions by increasing their use of renewable energy, boosting energy efficiency, and monitoring energy consumption. In doing so, we are helping the countries where we have operations achieve their national determined contribution (NDC) targets.

2025
Target:
10%
reduction in combined GHG
(Scope 1 and 2) intensity from 2020 levels
2020
Actual:
0.607 tCO2e/ton of production
(for 2020 Reporting Scope (107 sites)
i.e. including 2020 acquisitions)
2013-2020
Progress:
10%
reduction in combined GHG
(Scope 1 and 2) intensity

Direct GHG Emissions - Scope 1

Total emission (tCO2e) (Tons)
Intensity (tCO2e / Ton of production)

Indirect GHG Emissions - Scope 2

Total emission (tCO2e) (Tons)
Intensity (tCO2e / Ton of production)

Total GHG Emissions-Scope 1 & 2

Total emission (tCO2e) (Tons)
Intensity (tCO2e / Ton of production)

Note: Intensities are calculated based on overall production including inter-company sales.
2020 emissions has increased as IVL acquired cracker plants, which resulted in higher GHG emissions.

IVL calculated direct and indirect emissions (GHG Scope 1 and 2) for all of its operations globally in accordance with the GHG Accounting Protocols-Greenhouse Gas Protocol on Corporate Accounting and Reporting by the World Resource Institute (WRI)/World Business Council for Sustainable Development (WBCSD) and ISO 14064-1:2006.

100% GHG Disclosure

Since 2013, we have reported on 100% our GHG emissions from all of our sites worldwide. This includes GHG accounting of Scope 1 and 2 emissions from direct and indirect emissions sources. We also established criteria to calculate Scope 3 emissions emitted from our supply chain globally, along with a few major categories applicable to IVL. Furthermore, we plan on having an annual verification process going forward carried out by a third party to ensure the transparency, consistency and accuracy of all GHG data disclosed, in accordance with ISO 14064-1 and 14064-3 requirements.

GHG Emissions Strategy

We realize that fossil fuels are the main contributor to our GHG emissions. To achieve a reduction and improve our operational efficiency, we are exploring ways to acquire increased renewable electricity from producers who operate solar, wind, or facilities from other renewable sources. We are exploring the benefits of joining national associations of renewable electricity buyers in order to gain greater negotiating power and a fair electricity price, as well as the option of renewable energy procurement through a global virtual PPA in-line with the Paris protocol to further reduce our GHG emissions.

Scope of GHG Verification

Our audited GHG Scope 1 and Scope 2 Emissions (both location-based and market-based)

Emissions Source Amount (tCO2e)
Scope 1 7,035,992
Scope 2 (Location Based) 2,409,061
Overall 9,445,053
Scope 2 (Market Based) 2,412,779

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