Sustainability Strategy
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
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).
People - Empowerment Culture
Our respect for human rights, engagement, investments in capacity building, and creating shared value for our stakeholders demonstrates our commitment to achieving long-term success.
Planet - Reponsible Operation
Our operations and products are focused on being environmentally-friendly, contributing to the circular economy, and reducing resource consumption and emissions to fight climate change.
Prosperity - Business Potential
Our business is based on our integrity and ethical principles, driving customer experiences through our innovative products and moving forward in meeting societal needs for sustainable growth and leadership
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
Purpose
Aspirations
Values
Strategic Priorities
10% energy sourced from renewables by 2025 and 25% by 2030
*21% against whole IVL feedstock and 48% against PET feedstock
Post-consumer Bottles recycled per year: 50 billion by 2025, 100 billion by 2030
*3.13 million tons and 200 billion bottles per year by 2030
US$ 7 billion by 2030 (cumulative 2020-2030)
Enablers
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 2021
