CEO

Indorama Ventures is proud to be a signatory and supporter of the Women’s Empowerment Principles (WEPs), a set of Principles offering guidance to business on how to promote gender equality and women’s empowerment in the workplace, marketplace and community; established by UN Global Compact and UN Women.

"Indorama Ventures is deeply committed to the Women’s Empowerment Principles from the United Nations Global Compact Network. Driving equality outcomes across our company is a key part of our sustainability program under our purpose of “Reimagining Chemistry Together to Create A Better World". Our vision for a better world has equality at its heart, with a more diverse workforce as one of our core values. We are proud to pledge our commitment to equal-opportunity by taking measurable action to empowering women."

Aloke Lohia

Group Chief Executive Officer

Indorama Ventures also supports the Standards of Conduct for Business Tackling Discrimination against Lesbian, Gay, Bisexual, Trans, and Intersex People, developed by the United Nations Human Rights Office (OHCHR). Indorama Ventures values a workplace free of inequality and discrimination. Diversity is one of the company’s values and Indorama Ventures is committed to promoting a culture of respect for human rights for all its stakeholders including employees, contractors, vendors, and wider communities.

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Diversity and inclusivity are core focuses to maintaining a sustainable workplace at Indorama Ventures. We embrace employees from different ethnicities, cultures, nationalities and educational backgrounds.

On March 8th, 2023, Indorama Ventures united to celebrate International Women’s Day 2023, under the theme of #BreakTheBias, by hosting an inspirational talk with Indorama Ventures’s female leaders: Mrs. Suchitra Lohia, Indorama Ventures Deputy Group CEO, and Mrs. Aradhana Lohia Sharma, Vice President, on the topic ‘Gender Equality for a Sustainable Tomorrow.’ This video shares the highlight topics of the event, and the importance the company places on gender equality and diversity & inclusion. The panel discussion was hosted at the Head Office and shared to a live and digital audience of Indorama Ventures employees.

Our global workforce of 26,093 employees includes 2,963 temporary staff, with some relevant highlights below:

Workforce Trends

Year 2020 2021 2022 2023
Total employees by gender 25,207 25,760 30,201 29,056
Male 19,790 20,261 23,102 26,093
Female 5,417 5,499 7,099 2,963
Remuneration ratio of women to men 2020 2021 2022 2023
Strategic (base salary only) 0.964 0.965 0.966 0.967
Managerial (base salary only) 0.949 0.951 0.953 0.955
Supervisory and Operational 0.934 0.937 0.940 0.943

Employees by Continent

Americas
APAC
EMEA
% Employee - Race / Ethnicity (U.S. Sites) 2023
Asian
% of total workforce 3.05%
% of total management workforce 11.68%
Black or African American
% of total workforce 19.37%
% of total management workforce 10.54%
Hispanic or Latino
% of total workforce 14.47%
% of total management workforce 9.97%
White
% of total workforce 59.67%
% of total management workforce 64.67%
Indigenous of Native
% of total workforce 0.83%
% of total management workforce 0.28%
Other
% of total workforce 2.60%
% of total management workforce 2.85%

Since Indorama Ventures’s acquisitions in 2020 contributed to our employee growth. It is therefore important to maintain an effective HR strategy which ensures that the Company is better able to respond to the needs of a rapidly changing marketplace and business.

At Indorama Ventures, diversity goes beyond culture, language, gender, age, or nationality. It also includes different approaches and ways of thinking. We value our diverse and inclusive workforce and see it as an important competitive advantage. Our diversity and inclusion efforts begin with the recruitment of candidates, and continues through career management, learning and development, and promotions and rewards for all employees. We offer careers suited to the skills and experiences of employees so they can add value to the Company and contribute to our long-term success. Some of our diversity indicators are as follows:

Gender Diversity

24.26
Women

Nationalities

92

Employees with Disabilities

221

Age Diversity

15 60 25
30 Years old 30-50 Years old 50 Years old

Indorama Ventures made a pledge in 2023 towards improving gender diversity. As part of this pledge, we strive to increase the number of female employees within the company, with a target to employ 25% female at executive management level by 2030. Additionally, Indorama Ventures targets to have 50% of female employees holding top and senior management positions for our IOD segment.

In 2023, our head office and our subsidiaries in many countries carried out the following efforts to promote Diversity, Equity and Inclusion (DEI):

THAILAND

  • Gender : International Women Day
  • LGBTQ+ : Pride Month Inspirational Talk “Equity in Workplace

BRAZIL

  • Race: six roundtable discussions in our factories to raise awareness of issues in the country, National Day of Black Consciousness Live event with stories from our personnel so people would connect themselves and know more about their colleagues. We also renewed the seal provided by the city hall from Salvador. They deliver this seal to companies that have been developing strategies around the race diversity in the city.

MEXICO

  • DEI : 101 on Diversity, Equity and Inclusion Live Event
  • Disabilities : International Day for People with Disabilities is a live event with an external speaker to provide knowledge.
  • LGBTQ+ : Participation in the LGBT Parade of Mexico City

Diversity and Inclusion Report 2022

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