Materiality Assessment
IVL carried out a materiality assessment in accordance with the GRI Standards, together with our business strategy, and environmental and social priorities to identify and prioritize primary sustainability material topics that could impact the Company and external stakeholders. This helps us to develop risk mitigating actions and explore remedial opportunities.
By combining the significant topics that may affect us and our stakeholders, we are able to identify materiality topics. As part of the materiality assessment, we have conducted a survey covering both external stakeholders (suppliers, customers, investors, media, analysts and bankers) and internal stakeholders (across all operations, businesses, and key functions). Details of the materiality assessment are provided in the Materiality Assessment chapter in this report.
Materiality Matrix 2019
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Key Material Topics
The materiality assessment sets out the twelve key material topics for 2019 and the content of this report. We used key elements of the GRI Standards to identify and prioritize the topics that matter most to the business and stakeholders.
IVL Material Topics | Corresponding GRI Topics | Key Stakeholders Impacted and Boundary | Ongoing IVL Commitments and Targets (2019-2025) | |
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Within the Organization | Outside the Organization | |||
Compliance Management |
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Business Ethics, Integrity and Transparency |
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Risk and Crisis Management |
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Corporate Governance |
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Customer Relationship Management |
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IVL Material Topics | Corresponding GRI Topics | Key Stakeholders Impacted and Boundary | Ongoing IVL Commitments and Targets (2019-2025) | |
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Within the Organization | Outside the Organization | |||
Environmental Management |
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Renewable Energy |
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Climate Change |
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Plastic Waste and Recycling |
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IVL Material Topics | Corresponding GRI Topics | Key Stakeholders Impacted and Boundary | Ongoing IVL Commitments and Targets (2019-2025) | |
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Within the Organization | Outside the Organization | |||
Human Rights |
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Human Capital Development |
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Occupational Health, Safety and Well-being |
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Business Overview and Value Chain
Chain IVL is one of the world’s leading petrochemicals producers. In 2019, we have 109 operating sites in 32 countries. The company’s portfolio is comprised of 3 business segments: Combined PET Business, Integrated Oxides and Derivatives Business and Fibers Business
