Sustainability has been an integral element of success for IVL. We recognize that we have to demonstrate our willingness to develop and deliver on a sustainable strategy as moving towards a sustainable economy creates many opportunities. Our sustainability strategy fully supports the vision of becoming a world-class sustainable chemical company making great products for society and is in line with business strategy and direction.

IVL Corporate Sustainability Strategy

IVL Corporate Sustainability Strategy

IVL Corporate Sustainability Strategy

Our sustainability strategy demonstrates our commitment to the three most important areas for the company, Planet, People and Prosperity, which achieve our vision to be a world-class sustainable chemical company making great products for society. We embrace our stakeholders’ interests and social needs in driving towards a sustainable and resilient economy and encourage collaborative efforts in contributing to the achievement of the Sustainable Development Goals (SDGs).

Our goal is to ensure economic prosperity and sustainability to all our stakeholders. We measure our success not just by economic gains but by our achievements in preserving the environment, thereby benefiting the society. IVL continues to undertake initiatives that are in-line with our commitments and sustainability ambitions 2025 to increase our focus on the long-term sustainability value creation of the Company through recycling, lowering our carbon footprint, increasing use of renewable energy, and developing human capital, to further strengthen our position in market while continuing to demonstrate how we are putting our sustainability strategy into practices.

Sustainability Framework

Vision

To be a world-class sustainable chemical company making great products for society

Values

"Always evidence-based"
"Honesty in everything"
"Collaborative & Innovative"
"Visionary leadership"
"Adaptive mind-set"

Aspirations

Carbon Neutrality
to sustain our world and business
Improving Lives
through sustainable and affordable products
Trusted Partner
to the global community

Differentiators

Thought Leadership
on sustainability and the circular economy
Global-Local
close proximity to stakeholders
Circular Approach
improving circularity in IVL’s value chain
Early Adopter
bringing innovation to our operations
ESG Best-in-Class
investing in a sustainable business

Strategic Priorities

Must do
Stakeholder Engagement
Aligning our actions responsibly and in a way that benefits society
Thrusts - Sustainable growth
Recycling
Building the recycling infrastructure the world needs to deliver a circular economy
Efficiency
Efficient use of resources, delivering sustainability goals and ROCE, and energy transition/waste to resources
Measurable
Understanding what will be covered in our sustainable commitments and how our products improve society
Enabler
Education
Scaling our education programs while leveraging our extensive global footprint

Metrics

IVL goals shared and adopted by society
Recycling 750 kt (50 bn) PET bottles p.a. by 2025
Towards carbon neutrality
External validation
Educate 1,000,000 consumers by 2030

Value Creation Model

As we enter the tenth year of sustainability reporting, we have adopted the International Integrated Reporting Council (IIRC)’s International Integrated Reporting (IR) Framework. By structuring our report based on this framework, we can demonstrate to our stakeholders how we are creating value through our short, medium and long-term strategies in six capital inputs.

Major Sustainability Initiatives in 2020

In 2020, IVL has successfully implemented many social and environmental benefits activities that have many social and environmental benefits, including: