Materiality Assessment
Indorama Ventures 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) every other year. Details of the materiality assessment are provided in the Materiality Assessment chapter in this report.
Materiality Matrix 2023 - 2024
View enlarged imageKey Material Topics
Indorama Ventures Group conducted a materiality assessment to identify and reassess the key economic, environmental, social and governance topics that significantly impact our business and our stakeholders. These topics were identified through a review of relevant sustainability ratings and standards, industry trends, as well as stakeholder interests.
Materiality Assessment Summary 2023
DownloadIndorama Ventures Material Topics | Corresponding GRI Topics | Key Stakeholders Impacted and Boundary | Ongoing Indorama Ventures Commitments and Targets (2019-2025) | |
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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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Supply Chain Management |
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Indorama Ventures Material Topics | Corresponding GRI Topics | Key Stakeholders Impacted and Boundary | Ongoing Indorama Ventures Commitments and Targets (2019-2025) | |
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Within the Organization | Outside the Organization | |||
Climate Change |
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Plastic Waste and Recycling |
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Product Stewardship |
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Indorama Ventures Material Topics | Corresponding GRI Topics | Key Stakeholders Impacted and Boundary | Ongoing Indorama Ventures 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 Indorama Ventures is one of the world’s leading petrochemicals producers. In 2023, we have 148 operating sites in 35 countries. The company’s portfolio is comprised of 3 business segments: Combined PET Business, Integrated Oxides and Derivatives Business and Fibers Business