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• Indorama Ventures was recognized as a member in the S&P Global Sustainability Yearbook 2022 and was listed in the Dow Jones Sustainability Indices (DJSI)-World and Emerging Markets for the third and fifth consecutive year respectively in the Chemicals sector. • IVL was ranked in the 97th percentile among the top 139 global chemical companies. • Indorama Ventures received the 2021 Thailand Sustainability Investment (THSI) Award for the seventh consecutive year. • Indorama Ventures achieved a B Rating in the CDP’s Climate Change Assessment in 2021. • Indorama Ventures remained a constituent of the FTSE4Good Index Series • IVL achieving an ESG score of 4.1 out of 5 ranked in the 95th percentile. • IVL also received the Best Sustainability Award at the SET Awards 2021. • In 2021, Indorama Ventures achieved the Platinum Recognition Level at score 75. • IVL recognized as the top 1% of companies (99th percentile) rated by EcoVadis in the manufacture of basic chemicals. KEY ACHIEVEMENTS 2021 • IVL was ranked #1 with a grade of B among the world’s top 50 global chemical companies. 2 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY.
Key Achievements 2021 2 IVL Business At A Glance 4 Vision 2030 5 Group CEO Message 6 Chief Executive Officer Message 7 Chief Strategy Officer Message 8 Chairman of ESG Council Message 9 2021 Sustainability Highlights 10 Contributions to SDGs 12 Our Sustainability Ambitions Towards Net Zero Carbon 13 Our Approach to Value Creation 14 Sustainable Finance 16 Driving IVL’s Business Growth 17 Responsible Business and Effective Governance 18 Corporate Governance 19 Supply Chain Management 20 Customer Relationship Management 21 Driving Sustainable Value Creation and Growth 22 Innovation Management 23 Product Stewardship 24 Circular Economy 25 Driving Circularity Through Recycling 26 Towards Net Zero Carbon 27 Decarbonization & Net Zero Carbon 28 GHG Management 29 Energy Management 30 Water Management 31 Waste Management 32 Empowering Our People and Communities 33 Corporate Social Responsibility 34 Recycling Education 35 Investing in Our People 36 Occupational Health & Safety 37 Operational Excellence Awards 38 TABLE OF CONTENT 3 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 • Indorama Ventures was awarded “Best Sustainability-Linked Transaction & Best ESG-Linked Financing Deal of the Year” for its THB 10 billion Sustainability-Linked Bond (SLB). • Indorama Ventures was graded BBB for the ESG rating in 2021. • Indorama Ventures achieved an overall ESG at 7th out of 228 companies. The company is at medium risk of experiencing material financial impacts from ESG factors. Furthermore, the company has not experienced any significant controversies. FOR MORE INFORMATION
* The Sustainability Report 2021 consists of data from 112 sites. Further details are provided under ‘About This Report’ in the full Sustainability Report 2021. BUSINESS SEGMENTS IVL OPERATIONS as of 31st December 2021 South America • Brazil Africa • Egypt • Ghana • Nigeria Oceania • Australia Asia • China • India • Indonesia • Israel • Myanmar • Philippines • Thailand 3 1 3 18 7 1 124* Sites 33 Countries 6 Continents 16 Recycling facilities #1 Staple fiber in ASEAN #2 in Bicomponent fiber #2 in Automotive safety & tire FIBERS #1 Non-ionic surfactants in Americas #1 EO in Americas #1 Americas’ fabric & home care ingredients provider #2 Ethoxylation company globally INTEGRATED OXIDES AND DERIVATIVES (IOD) IVL BUSINESS AT A GLANCE North America • Canada • Mexico • The United States Europe • Austria • Bulgaria • Czech Republic • Denmark • France • Germany • Ireland • Italy • Lithuania • Luxembourg • Poland • Portugal • Russia • Slovakia • Spain • The Netherlands • Turkey • United Kingdom #1 PET globally Recycling leadership The only integrated player in Europe and fully integrated in North America Packaging leadership in emerging markets Global leader in PIA COMBINED PET 4 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION HOME
VISION 2030 Future Ready Organization Innovative & Sustainable Products Decarbonize Our Operations Reimagining our products for value, performance and environment Next level R&D Doubling down on rPET leadership 2.4 million tons Bio-based Feedstock Working together with partners to decarbonize our operations Through multiple strategies such as coal phase out, green projects, renewables, and Carbon Capture, Utilization and Storage (CCUS) Future-proofing our organization, leveraging on new ways of working Digital tools Indorama Ventures Excellence (IVEX) Next generation leaders 5 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 HOME
GROUP CEO MESSAGE ALOKE LOHIA Group Chief Executive Officer Chairman of the Sustainability and Risk Management Committee “CLIMATE CHANGE THREATENS OUR ECOSYSTEMS AND OUR ECONOMIES, THE SOLUTION IS DECARBONIZATION. RECOGNIZING THE URGENCY TO ACT, INDORAMA VENTURES IS STEPPING UP INVESTING IN OUR PEOPLE AND TECHNOLOGY TO DELIVER ON OUR PURPOSE.” 6 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR FULL MESSAGE HOME
CHIEF EXECUTIVE OFFICER MESSAGE “AS OUR CHEMISTRY TOUCHES EVERYDAY LIFE, WE ARE CONFIDENT IN OUR CAPACITY TO CREATE DECENT PERFORMANCE WITH ADEQUATE FLEXIBILITY TO DELIVER ON OUR SUSTAINABILITY AMBITION AS WE PREPARE FOR THE NEWWORLD OF CIRCULARITY.” DILIP KUMAR AGARWAL Chief Executive Officer and Chief Financial Officer Member of the Sustainability and Risk Management Committee 7 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 FOR FULL MESSAGE HOME
CHIEF STRATEGY OFFICER MESSAGE “WE REALIZED THE NEEDS TO UNLOCK CROSS-FUNCTIONAL INTERDEPENDENCIES IN ORDER TO ACHIEVE OUR FULL POTENTIAL AS ‘ONE IVL’ AND BECOMING A SUSTAINABLE COMPANY IN THE NEW NORMAL ECOSYSTEM.” UDEY PAUL SINGH GILL Chief Strategy Officer Member of the Sustainability and Risk Management Committee 8 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR FULL MESSAGE HOME
CHAIRMAN OF ESG COUNCIL MESSAGE “THE CIRCULAR ECONOMY IS AN INDUSTRIAL EVOLUTION, SUPPORTED BY OUR PRODUCTS AND BUSINESS OPERATIONS WHICH ARE ALSO MEETING CONSUMERS’ EXPECTATIONS THROUGH A ‘MAKE-USE-RECYCLE’ MODEL.” YASH LOHIA Chairman of ESG Council Member of the Sustainability and Risk Management Committee 9 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 FOR FULL MESSAGE HOME
2021 SUSTAINABILITY HIGHLIGHTS ENVIRONMENTAL RECYCLING Hazardous waste intensity 0.0085 tons/ ton of production Waste diverted from landfill 78% GHG emissions (scope 1) intensity 0.439 tCO2e / ton of production GHG emissions (scope 2) intensity 0.150 tCO2e / ton of production GHG emissions (scope 1&2) intensity 0.589 tCO2e / ton of production +4.58% 10 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. Total water withdrawal intensity 5.33 m3/ton of production Total recycled/reused water 5.93% +0.4% -0.62% +16% Total energy consumption 109.5 million GJ Total energy intensity 6.63 GJ/ton of production Total renewable energy consumption 2.8 million GJ Total renewable electricity consumption 7.5% +5% -1% +59% -3% -3% -3% Recycled 72 billion PET bottles (Since 2011 - Dec 2021) 14.3 billion PET bottles +43% Recycling of post-consumer PET bale input 1,591,292 tons (Since 2011 - Dec 2021) 317,064 tons +43% 0.5 million tons 2.4 million tons (Since 2011 - Dec 2021) Reduced carbon footprint in their life cycle +43% +8%
SOCIAL ECONOMIC & GOVERNANCE INNOVATION VITALITY INDEX CUSTOMER SATISFACTION STUDY* 11 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 Employee Engagement 76.20%(NPS) Total Workforce 25,760 Gender Diversity 22% +5% Total Sales Volume 14.8million tons 87%Employee attendance 90% signed by Business Heads 92% signed by Site Heads +11% Total recordable injury rate: TRIR 0.98cases per 200,000 man-hours +38% Total Revenues US$ 14,629million +38% Lost time injury frequency rate: LTIFR 0.66 cases per 200,000 man-hours +55% Core EBITDA US$ 1,743 million -24% Operating Cash Flow US$ 1,055 million +234% Core Net Profit after Tax and NCI US$ 684million +2.48 THB Core Earnings per Share THB 3.76 AA- TRIS Rating +61% +2.19% Average training 29.92 hours +35% Overall Employee Attrition 11.42% +51% Total CSR contribution US$ 1.65 million 9,493 Volunteer hours -20% Total in-kind giving US$ 200,981 Recycling education 2,751 people trained Customer Retention Rate (CRR) Customer Satisfaction Index Net Promoter Score (NPS) * A formal customer satisfaction study was conducted every other year as part of our group sustainability strategy. This study was conducted in 2020. 86.16% 92% 57 HUMAN RESOURCES CORPORATE SOCIAL RESPONSIBILITY OCCUPATIONAL HEALTH AND SAFETY CORPORATE GOVERNANCE POLICY AWARENESS CAMPAIGN (CGPAC) IMPLEMENTATION REPORT 2021 FINANCIAL HIGHLIGHTS HUMAN RIGHTS DECLARATION FOR MORE INFORMATION HOME
CONTRIBUTIONS TO SDGs TARGETS LTIFR per 200,000 man-hours < 0.5 cases by 2025 < 0.1 cases by 2050 2021 result: 0.66 cases No Human Rights Violations 2021 result: No Human Rights Violations LTIFR per 200,000 man-hours < 0.5 cases by 2025 < 0.1 cases by 2050 2021 result: 0.66 cases PET bale input per year 0.75 million tons by 2025 1.5 million tons by 2030 diverted from landfill 2021 result: 0.317 million tons Following and contributing to industry partnerships and commitments Bottles recycled per year 50 billion by 2025 100 billion by 2030 PET bale input per year 0.75 million tons by 2025 1.5 million tons by 2030 2021 results: 14.3 billion bottles 0.317 million tons Reduction in combined GHG (Scope 1&2) intensity 10% by 2025 30% by 2030 2021 result: 3% PET bale input per year 0.75 million tons by 2025 1.5 million tons by 2030 diverted from ocean 2021 result: 0.317 million tons Sustainability CAPEX US$ 2 billion by 2025 US$ 7 billion by 2030 90%waste diverted from landfill by 2025/2030 2021 result: 78% waste diverted from landfill Vitality Index in 2022 Fibers Business = 23% Combined PET = 31% IOD = 22% 2021 result: Fibers Business = 23% Combined PET = 31% IOD = 22% Reduction in water intensity 10% by 2025 20% by 2030 2021 result: +0.48% Renewable electricity consumption 10% by 2025 25% by 2030 2021 result: 7.5% Educating 1 million consumers around the world about recycling education by 2030 2021 result: 53,585 people (cumulative 2018-2021) The SDGs are an important way to become a sustainable society by improving people’s quality of life and solving global, social and environmental concerns. We have contributed significantly to achieving the SDGs, which also serves as a source of sustainable growth. IVL has become the first company inThailand to publish a report lined to theUN’s SustainableDevelopment Goals (SDGs) in 2020. Please find our new edition SDGs Report 2021 for more detail. SDGs Report 2021 12 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION FOR MORE INFORMATION HOME
Sustainability CAPEX US$ 2 billion by 2025 (Cumulative 2020-2025) US$ 7 billion by 2030 (Cumulative 2020-2030) Water* Reduction in water inten 10% by 2025 20% by 2030 Recycling Commitment • Post-consumer PET bale input per year 0.75 million tons by 2025 1.5 million tons by 2030(A) • Post-consumer Bottles recycled per year 50 billion by 2025 100 billion by 2030(A) Renewable Electricity 10% by 2025 25% by 2030 Energy* Reduction in energy intens 5% by 2025 15% by 2030 Waste 90% waste diverted from land ll by 2025/2030 GHG* Reduction in combined GHG (Scope 1&2) intensity 10% by 2025 30% by 2030 cycling Education ucating 1,000,000 consumers und the world about recycling by 2030 Occupational Health & Safety LTIFR < 0.5 cases per 200,000 man-hours by 2025 Integrating the circular economy concept into IVL’s operations Partnering with organizations to intensify our contributions to the circular economy * Base year 2020 Circular Feedstocks Bio-based feedstock : 16% against whole IVL feedstock Recycled feedstock (rPET)(B) : 10% against whole IVL feedstock and 23% against PET feedstock by 2030 * Base year 2020 OUR SUSTAINABILITY AMBITIONS TOWARDS NET ZERO CARBON FOCUSING ON SHORT AND MEDIUM-TERM TARGETS Remark: IVL Vision 2030 recycling ambition, (A) 3.13 million tons and 200 billion bottles per year (B) 21% against whole IVL feedstock and 48% against PET feedstock 13 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 FOR MORE INFORMATION HOME
OUR APPROACH TO VALUE CREATION 14 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOCUS AVAILABILITY, QUALITY AND AFFORDABILITY Financial Capital US$ 5,117 million in total equity US$ 5,292 million in current assets Operating in an environment with new acquisitions and upcoming plants to strengthen position as leading sustainable chemical company. Constantly on the lookout for new mergers and acquisitions to strengthen our supply chain. This highly integrated global footprint strategy ensures operations can weather unforeseen disruptions satisfactorily. Adopting more efficient and sustainable practices reduces capital needed to sustain business operations. Moving towards the Net Zero Carbon through our decarbonization strategies and responsible operation. To avoid a shortage of talent, we actively invest in developing necessary talent and skills for our employees to take on bigger responsibilities and become a future ready organization. Trust is important for a corporation to thrive; therefore, we readily invest in education programs that promote recycling, encourage safety & wellness throughout our operations and ensure we always have a positive impact on people and the environment. We invest in developing new innovations to not only to remain a market leader but also develop new techniques and processes to reduce our impact on the environment and create new sustainable products. Manufactured Capital 124 sites in 33 countries in 6 continents including 16 recycling facilities Natural Capital Total material consumption = 15.97 million tons Energy consumption = 109.5 million GJ Water consumption = 88.1 million m3 Renewable energy = 2.8 million GJ Human Capital A highly qualified, experienced and diverse board 25,760 total workforce US$ 2,400,000 total training cost Social and Relationship Capital US$ 1.65 million CSR contribution Intellectual Capital US$ 22.7 million in R&D spending 214 R&D employees 21 R&D centers Our Vision To be a world-class sustainable chemical company making great products for society. Our Mission We commit to be a responsible industry leader leveraging on the excellence of our people, processes, and technologies to create values for our stakeholders. Purpose Statement Reimagining Chemistry Together to Create A Better World INPUT
As we enter our eleventh year of sustainability reporting, we 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 howwe are creating value through our short, mediumand long-termstrategies through six capital inputs. 15 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 OUTPUT OUTCOME IMPACT Total Production Volume 14.72* million tons 16.51# million tons IOD Business Production volume = 2.24* million tons Core EBITDA = US$ 377 million Combined PET Business Production volume = 10.73* million tons Core EBITDA = US$ 1,103 million Fibers Business Production volume = 1.75* million tons Core EBITDA = US$ 268 million Financial Capital Total Revenue = US$ 14.6 billion Core EBITDA = US$ 1,743 million Core Earning per Share (EPS) = THB 3.76 Manufactured Capital 14.3 billion PET bottles recycled / 317,064 tons of PET bale input 222,205 tons of flake production 0.0234 tons / ton of production waste intensity 78% waste diverted from landfill Natural Capital 1.5% reduction in total energy intensity 3% reduction in combined GHG (Scope 1&2) intensity 5.93% water reused and recycled 143,175 tons GHG reduction from renewable energy consumption (Biogas, biomass, renewable electricity) Human Capital 22% female / 29.92 average training hours / 11.42% overall attrition rate 0.98 cases per 200,000 man-hours in TRIR 0.66 cases per 200,000 man-hours in LTIFR Social and Relationship Capital 86.16% overall Customer Satisfaction Index (CSI) 92% overall Customer Retention Rate (CRR) / NPS = 57 450 CSR activities / 2,751 people received recycling education Intellectual Capital Vitality Index : 31% in Combined PET Business / 23% in Fibers Business / 22% in IOD Business 696 new products / 121 collaborative projects 74 Patents (applied and granted out of overall 958 patents) 65% of R&D spend aligned with green products in Combined PET Business Better Growth Better Environment Better Life Contributing to SDGs Contributing to SDGs Contributing to SDGs Great Product for Society Circular Economy Net Zero Carbon Recycling to End PlasticWaste Health & Safety Well-being & Empowerment Future-proofing our organization, leveraging on new ways of working Working together with partners to decarbonize our operations Reimagining our products for value, performance and environment * Excluding inter-company sales # Including inter-company sales FOR MORE INFORMATION HOME
SUSTAINABLE FINANCE “The sustainable finance that we raised strengthens our financial profile and will help us grow our business in line with our strategic plan. Contributing to the issuance was the confidence of investors in our growth prospects. Thiswill also position IVL as aworld-class sustainable chemical company supplyingvaluableproducts for themanufactureof a range of consumer and industrial products. I expressmy heartfelt thanks to investors for placing their trust in IVL.” * Mr. Sanjay Ahuja is serving as Interim Executive President Combined PET since March 2022. Mr. Sanjay Ahuja Group CFO* Indorama Ventures issued THB 10 billion in Sustainability-Linked Bonds (SLBs) in 2021 to drive sustainable production and support its actions on climate change. The largest issuance of SLBs inThailand is part of our financing strategy across a range of instruments and will be measured by our performance in achieving sustainability targets while showcasing our long-standing commitment to sustainable growth. 2018 2019 2020 2021 US$ 200m EUR 200m US$ 255m US$ 300m US$ 300m Green loan arranged by Mizuho Ninja loan arranged by a syndicated ESG loan Blue loan for recycling arranged by the IFC, ADB and DEG Sustainability- linked Bond arranged by BBL, KBank, KTB, SCB, and HSBC Total US$ 1.3 billion in Sustainable Finance 16 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION HOME
DRIVING IVL’S BUSINESS GROWTH To support our growthandachieveour sustainability ambitions, wedeveloped six enabling functionswhichare steeredby experienced professionals identified within the organization and recruited from the industry. These enabling functions will help us execute our strategic and operational plans in line with our vision and mission. Business Continuity Value protection and creation through consistency, compliance and effective risk and BCM practices Communications Strategic communications that promote our global business value Digital Offering world-class digital capabilities that drive business value and create a competitive advantage Environment, Health and Safety Supporting our prosperity by ensuring that people and our planet are safe Sustainability Driving the creation of ESG and circular value and becoming a world-class sustainable chemical company Challenges in each business segment New requirements and expectations External pressures and global trends Enhance internal capacity (Operations and skills) Positive engagement among employees and functions Become a sustainable, learning and future ready organization Inputs Outputs Six Enabling Functions Indorama Ventures Excellence (IVEX) Overseeing Lean Six Sigma implementation throughout IVL to enhance our operational capacity and efficiency 17 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 FOR MORE INFORMATION HOME
RESPONSIBLE BUSINESS AND EFFECTIVE GOVERNANCE Mr. Russell Leighton Kekuewa Independent Director Member of the Sustainability and Risk Management Committee “We strive to do well by doing things the right way.” 18 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY.
CORPORATE GOVERNANCE Effective governance at IVL and its subsidiaries relies on a strong focus on integrity, business growth, and an experienced and high-caliber Boardof Directors. Published in 2019, the CorporateGovernanceManual (CGManual) provides all directors, employees and stakeholders with a clear focus on how IVL’s values are being implemented, how they are linked to the Company’s long-term objectives and how corporate governance is being realized. The Company continuously monitors its progress and provides guidance and support to ensure strong awareness among all IVL associates. Directors on the Nomination, Compensation and Corporate Governance (NCCG) Committee are 100% independent. IVL received an “Excellent - 5 Star” CG score by the Thai Institute of Directors (IOD) for the ninth consecutive year. IVL successfully renewed its certification with Thailand ’s Private Sector Coalition Against Corruption (CAC) in April 2021, having been first certified in October 2014. Independent Directors on the NCCG Committee 100% 2021 Highlights Introduced the Declaration on Human Rights to be signed by all Business Heads and Site Heads. 90% signed by Business Heads 92% signed by Site Heads Launched the Conflict of Interest Assistance Package to support the implementation of the Conflict of Interest Policy at subsidiaries. No penalties were imposed on IVL for material non-compliance with respect to corporate governance regulations. 19 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 FOR MORE INFORMATION HOME
SUPPLY CHAIN MANAGEMENT Integrating sustainability into our supply chain is a core focus and we have robust mechanisms in place. Our suppliers must comply with IVL’s Policies and ESG compliance, adhering to proper business ethics and environmental regulations, in addition to recognizing the importance of human rights. The coverage areas include ethics, human rights, EHS andmutual trust and respect. 2021 Highlights Sustainable Procurement Pathways 2021 Assessment Results Upgrade Key Supplier Tools and Digital Data Systems • Revise the Code of Conduct, Supplier Self-assessment and GHG questionnaire. • Enhance and explore digital supplier engagement tools. 100% of raw material suppliers and critical non-raw material suppliers were assessed based on human rights-related risks. No key raw materials and critical non-raw materials suppliers were identified as human rights-related risks. Capacity Building • Provide training to global procurement teams. • Productively engage with suppliers who may differ in decarbonization maturities. No key raw materials and critical non-raw materials suppliers were specified as being exposed to risks of incidents of child, forced and compulsory labor. Supplier Engagement Program • Engage and incentivize suppliers to reduce their carbon footprints. • Align our procurement decisions based on program outcomes. No complaints concerning human rights in supply chain were submitted through the grievance reporting system. 100% IVL obtained a PlatinumMedal and placed in the Top 1% of best performing companies on sustainability in the supply chain. Establish a decarbonizing approach in the supply chain - prioritize Scope 3 by aligning procurement decisions to overall decarbonization efforts Reinforce strong ESG principles in procurement and complete supplier tools • Responsible sourcing policy • Self-assessment • GHG questionnaire 1 workshop conducted 2 workshops by Q2/2022 for the global procurement team 20 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION HOME
Innovation and Quality of Products Documentation Services Services and Services Delivery and Technical and Representative Marketing Complaint Handling Product/Service Development Establishing Long-term Relationships Customer Satisfaction Factors CUSTOMER RELATIONSHIP MANAGEMENT Yokohama Supplier Excellence Awarded to Performance Fibers in China With this recognition, Performance Fibers in China demonstrates IVL’s high standards and bel iefs, emphasizing our value that the customer is why we exist. We measure ourselves by our customers’ success and aim to exceed their expectations through unparalleled innovation and attention. Glanzstoff Sicremreceived thePirelli Supplier Award for its outstanding service level in 2021. As part of the Indorama Mobility Group, Glanzstoff Sicrem has continuously been a supplier of textile reinforcements, awarded in the“Service Level”category for having contributed to the production of the first Forest Stewardship Counci l cer t i f ied tyre wi th FSC-certified Rayon. Actual* : IVL overall Feedstock CSI 88.35% CRR 93% CSI 86.16% CRR 92% NPS 57 Packaging CSI 84.81% CRR 94% Wool CSI 85.67% CRR 93% Recycling CSI 87.13% CRR 91% PET CSI 86.51% CRR 95% Fibers CSI 85.86% CRR 93% IOD CSI 84.76% CRR 85% 2021 Highlights Strong customer satisfaction is essential for a profitable and sustainable business. We conduct a formal customer satisfaction study every other year as part of our group sustainability strategy, designed tounderstand and assess customer needs, expectations and satisfaction with our products and services. We systematically seek feedback across all business interactions and at all levels from our customers. Our study comprises 22 focused areas incorporated within six overarching factors. * A formal customer satisfaction study was conducted every other year as part of our group sustainability strategy. This study was conducted in 2020. 2021-2022 Target : CSI > 86% Business Segments* 21 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 FOR MORE INFORMATION HOME
DRIVING SUSTAINABLE VALUE CREATION AND GROWTH Mr. Rathian Srimongkol Independent Director Member of the Sustainability and Risk Management Committee “Sustainable and innovative solutions will be required in all of our product portfolios – and we are rising to this challenge.” 22 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY.
INNOVATION MANAGEMENT We continuously improve our systems and processes to deliver solutions that meet the environmental needs of our customers while exceeding their expectations. Our product portfolio reflects our strategic support for the circular economy, focus on innovation andour visionofmakinggreat products for society. * Revenue generated from the sales of products developed during the last five years. More eco-friendly Improved Performance Better Value Fibers Business IOD Business Combined PET Business Target 34% Actual 31% Target 23% Actual 23% Target 18% Actual 22% Target 31% Target 23% Target 22% 2021 2021 2021 2022 2022 2022 2021 Highlights US$ 22.7million in R&D spending 214 R&D employees 21 R&D centers Vitality Index* 696 new products introduced in 2021 74 patents in 2021 (applied and granted) out of overall 958 patents 121 collaborative projects Fibers IOD CPET Bio-based surfactant ECOTEC™ BREATHAIR® Biodegradable crop solution Enka® Nylon BIO 100% renewable coalescent 23 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 FOR MORE INFORMATION HOME
PRODUCT STEWARDSHIP Our commitment to strong product stewardship starts with our rawmaterials and can be seen through all the stages of our value chain. We invest in our product stewardship to minimize full life cycle environmental impacts of our products where possible through safer chemistry, improving the efficiency and eco-impact of our production systems, developing innovative product solutions and benchmarking our products. Responsible procurement Reduction in toxicity (from raw materials and from the production process) Responsible production (sustainable eco-efficiency processes & emissions and waste management) Safe transport of products • Responsible consumption through collection & recycling • Product service & solutions • Bio-based feedstocks • Circular Feedstock • Safer chemistry substitution • Design for recyclability • Use phase impacts • End of life management • Biodegradability and composability • Resources (renewable energy and water) • Lightweighting and Downgauging Transportation efficiency Regulatory Compliance (REACH, SVHC, SIN list, FDA, etc.) Management of Hazardous Chemicals and Substances Management and Provision of Safety Datasheets, Information and Communications Risk Assessment (Health, Safety & Environment) and Management 2021 Highlights ChemScore: 1st rank among the world’s top 50 chemical producers ranking by ChemSec, based on the environmental impactandmanagement of hazardous chemicals, setting the benchmark for a sustainable chemicals industry. 100% of European entities were compliant with REACH regulations 100% compliance with the ECHA SVHC list and in proactively removing products on the SIN list Zero violations of domestic and international regulations Product Use & End of Life Production Raw Materials Product Development Distribution & Marketing Remark: Product Design Process Control and Management Launched DejaTM Carbon Neutral PET 24 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION HOME
2021 Highlights CIRCULAR ECONOMY CIRCULAR ECONOMY A circular economy is needed for packaging so it never becomes waste or pollution. Packaging that cannot be eliminated or reusedmust be kept in circulation – in the economy and out of the environment. For this to happen, we need dedicated, ongoing and adequate funding for collection, sorting and recycling. The Easy Mask • Constructed with our DejaTM performance yarn, which is 100% rPET; • DyeCoo’s CO2 dyeing technology does not use any water; • Stoll’s seamless knitting technology lowers manufacturing waste to less than 1%. The mask can be readily dismantled, allowing pieces to be changed and reused rather than discarded. TheCircular InnovationChallenge program, developed by international organizations in collaboration with IVL, is raising public awareness about the need to reduce waste in Thailand. We are proud to endorse the Ellen MacArthur Foundation’s call for the implementation of Extended Producer Responsibility (EPR) for pa c k ag i ng , t oge t he r w i t h more than150 leadingbusinesses and organizations. Building the infrastructure the world needs to provide a circular economy • Waste collection and separation • PET recycling plants Increasing use of circular feedstocks while reducing fossil-based feedstocks • Bio-based feedstock • Recycled feedstock (rPET) Collaborating with customers on demand for sustainable materials • PET bottles and packaging Circular product design and innovations • Easy mask (with partners) • Circular Innovation Challenge • DejaTM 25 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 FOR MORE INFORMATION HOME
2021 Highlights • Recycling post-consumer PET bale input per year 0.75 million tons by 2025 1.50 million tons by 2030 Recycling Commitment DRIVING CIRCULARITY THROUGH RECYCLING We have achieved further growth in mechanical recycling, enabling us to produce recycled products. We are also proud of our commitment to rPET, a material that is highly suited to the circular economy and which offers consumers an opportunity to contribute to a closed-loop system. On our website, a real-time bottle recycling counter is available for public viewing progress against our recycling commitment. Acquisition of 1 new recycling facility in Dallas, Texas recycling more than 3 billion PET bottles/annum Commenced establishing a greenfield recycling facility in Indonesia to process more than 2 billion PET bottles by 2023 IVL is proud to be part of the New Plastics Economy Global Commitment, reporting from mid-year to mid-year. Ledby the EllenMacArthur Foundation, incollaborationwith theUNEnvironment Programme, the thirdGlobal Commitment report notes our “significant progress” on recycling. • Recycled 317,064 tons of post-consumer PET bale input in 2021 Progress against 2025 targets * IVL Vision 2030 recycling ambition: 3.13 million tons and 200 billion bottles per year.26 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION HOME
TOWARDS NET ZERO CARBON Mr. Tevin Vongvanich Independent Director Member of the Sustainability and Risk Management Committee “Our Decarbonization Strategies define what we stand for and our aggressive aims to deal with climate change.” Note: Intensities of environmental performance such as energy, GHG, water, and waste are calculated based on overall production including captive consumption. 27 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1
DECARBONIZATION & NET ZERO CARBON At “Thailand’s Climate Leadership Summit: A New Era of Accelerated Actions,”organized by Global Compact Network of Thailand (GCNT) and the United Nations inThailand, IVL committed to taking action to decrease emissions towards Net Zero Carbon goal. In 2021, Decarbonization SOPs, including the application of Internal Carbon Pricing (ICP), have been developed and deployed to accelerate sustainability projects having impact on environment. Our Decarbonization Strategies Accelerating Sustainability Targets Improving Operational Efficiency Investing in operational and energy efficiency projects to reduce direct and indirect emissions Renewable Electricity Decarbonizing IVL’s energy consumption by onsite and offsite renewable electricity projects Recycling Investing in and expanding recycling facilities to address plastic pollution and reducing lifecycle carbon emissions Future Technologies Exploring opportunities for carbon capture utilization and storage (CCUS), green hydrogen, bio/renewable feedstocks, and renewable natural gas (RNG) Circular Feedstocks Replacing fossil fuel-based feedstocks with bio-based and recycled feedstocks Sites under Active Emission Trading Scheme (ETS) Sites not (yet) under ETS Carbon Pricing Use ETS price forecasts for Scope 1 emissions Use US$ 20 ICP for Scope 2 emissions Use an internal carbon price of US$ 20 per ton Guidance Committed to investing US$ 640 million by 2030 to achieve our sustainability targets Natural Capital Solutions Exploring partial/full ownership of carbon offsetting projects 2025 10% 5% 10% 10% 2030 30% 15% 25% 20% 28 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. Water Intensity Reduction Renewable Electricity Consumption Energy Intensity Reduction GHG Intensity Reduction FOR MORE INFORMATION HOME
GHG MANAGEMENT We are lowering GHG emissions across our value chain to achieve our 2025/2030 targets and have increased our commitment to do that in order to support the Paris Climate Agreement, in which many nations have agreed to cut GHG emissions and align with a 1.5 °C climate target. 2021 Highlights Establishment of Decarbonization Committee consisting of subject matter experts from each segment to oversee the decarbonization initiatives US$ 28.5 million CAPEX investment in GHG Reduction Projects 143,175 tons of GHG reduction from renewable energy consumption (Biogas, biomass, renewable electricity) 100% GHG accounting, verification and assurance in accordance with ISO 14064-1 and ISO 14064-3 10% reduction in combined GHG (Scope 1&2) intensity* 30% reduction in combined GHG (Scope 1&2) intensity* 2025 Target 2030 Target GHG Scope 3 Since 2020, GHG Scope 3 data collection coverage has been 100% for 5 categories. • Purchased Goods and Services • Fuel and Energy - related Activities • Upstream and Downstream Transportation and Distribution • Employee Commuting and Business Travel • Waste Generated in Operations Indirect GHG Emissions (Scope 2) GHG emissions (tCO2e) Intensity (tCO2e / ton of production) reduction in combined GHG (Scope 1&2) intensity Progress against 2025 targets 3% Direct GHG Emissions (Scope 1) Total GHG Emissions (Scope 1 & 2) * Base year 2020 Note: 0.589 tCO2e / ton of production for 2020 and 2021 reporting scopes 29 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 FOR MORE INFORMATION HOME
ENERGY MANAGEMENT Many green projects, such as using renewable energy and improving energy efficiency have been implemented in every country wherewe operate. These initiatives contribute significantly to our 2025/2030 goals of reducing energy consumption and GHG emissions. Indorama Ventures in Indonesia signs an agreement to install solar panels PT. Indorama PolyPet Indonesia, an Indorama Ventures company in Cilegon, has signed an agreement with PT. Pejuang Surya Nusantara to install rooftop solar panels with a capacity of 1.2 megawatts peak, which is expected to save carbon emissions of 1,100 tons CO2 equivalent. 2021 Highlights 6 sites consume 100% renewable electricity 11 contracts signed for 35 MWp solar rooftop Total consumption (GJ) Intensity (GJ / ton of production) Total Renewable Biogas (GJ) Total Renewable Biomass (GJ) Total Renewable Electricity (GJ) 5% reduction in energy intensity* 10% renewable electricity consumption 2025 Target 15% reduction in energy intensity* 25% renewable electricity consumption 2030 Target reduction in energy intensity renewable electricity consumption Progress against 2025 targets 1.5% 7.5% * Base year 2020 Note: 6.64 GJ / ton of production for 2020 reporting scope and 6.63 GJ / ton of production for 2021 reporting scope 67% ISO 50001:2011/ ISO 50001:2018 certification compared with 2020 reporting scope 30 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION HOME
WATER MANAGEMENT At IVL, we are committed to responsiblewater usage and sustainablewater management in our operations, ensuring compliance with all necessary applicable legislation. We undertake water risk assessments, both the risks and opportunities, that we must manage across our operations on a yearly basis. 2021 Highlights 10% reduction in water intensity* 2025 Target 20% reduction in water intensity* 2030 Target We conduct a global water sensitivity study using WRI’s AQUADUCT 3.0 Water Risk Tool and prepared a water stress analysis report including 5 categories- water stress, drought, riverine flood, coastal flood and seawater rise, to see its impact to our operations. US$ 1.8 million CAPEX investment in Water Consumption Reduction Projects 5 sites have zero wastewater discharge Total water withdrawal (m3) Intensity (m3 / ton of production) Total volume of recycled / reused water (m3) Recycled / Reused water (%) 2018 2019 2020 2021 2018 2019 2020 2021 0.48% increase in water intensity Progress against 2025 targets * Base year 2020 Note: 5.33 m3 / ton of production for 2020 and 2021 reporting scopes 31 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 Total (112 sites) Asia (40 sites) Europe, Middle East and Africa (40 sites) Americas (32 sites) Extremely High Low to Medium Medium to High High Low FOR MORE INFORMATION HOME
WASTE MANAGEMENT Our focus approaches are wasteminimization, reuse, recycle and recovery which aremore sustainable than conventional landfill or dumpsite disposal. Furthermore, we conducted waste diversion to landfill in order to maximize waste utilization, limit new processed waste generation, and promote the circular economy. 90%* waste diverted from landfill 2025/2030 Target 2021 Highlights Total waste intensity 0.0234 tons / ton of production 55% of total waste were recycled and reused Note: 0.0085 tons/ton of production for 2020 and 2021 reporting scopes * including waste incinerated with energy recovery Total generated waste (tons) Recycled & reused (% of total generated waste) Incinerated with energy recovery (% of total generated waste) Incinerated without energy recovery (% of total generated waste) Landfilled (% of total generated waste) Others (% of total generated waste) Total hazardous waste (tons) Intensity (tons / ton of production) 23% of total waste goes to incineration with energy recovery waste diverted from landfill Progress against 2025 targets 78%* Indorama Polyester Industries PCL (Rayong), an IVL business in Thailand, received a certificate of ZeroWaste to Landfill (ZWL-DIW:2021). The certificate was granted by the Deputy Permanent Secretary of Thailand’s Ministry of Industry. Zero Waste to Landfill (ZWL) is part of ISO14001, which is related to environmental management. Applying the zero waste management standardwill enable IVL tomaterialize our commitment to sustainability. 32 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION HOME
EMPOWERING OUR PEOPLE AND COMMUNITIES Mr. Kanit Si Independent Director Member of the Sustainability and Risk Management Committee “Our overriding priorities are employee safety and achieving ESG goals that reflect our support for education, well-being and the environment.” 33 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1
CORPORATE SOCIAL RESPONSIBILITY 34 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. IVL’s CSR activities are aligned with and support the shared value concept by facilitating and engaging the global community, leveraging strengths in collaboration, raising awareness and developing the value chain. In developing our CSR priorities, we create value in support of society, our environment, the economy, as well as the communities where we operate. CSR PERFORMANCE 2021* Commercial Initiatives 10% Environment 8% Community Investments 45% Education 24% Total Contribution US$ 1,652,994 450 CSR Activities in 2021 Charitable Donations 45% Social & Well-being 43% Health & Sports 18% Art & Culture 7% Total in-kind Giving: US$200,981 Total Management Overhead: US$46,392 Time Volunteered by Employees: 9,493 hours Estimated Employee Cost of Volunteering: US$210,969 * The above information was gathered from 82 sites as of 28 February 2022. ** The figure on social contributions is excluded from the COVID-19 fund and IVL Foundation. SOCIAL CONTRIBUTIONS** CSR ACTIVITIES RESULTS AND OUTCOMES RECYCLING EDUCATION • 2,751 people educated • 28 schools, universities, and organizations participated • Expanded to 3 countries in 2021: Poland, Indonesia, and Ghana WELL-BEING • Over 260 initiatives support the well-being and health of local communities. • 18 initiatives support vulnerable groups and groups with disabilities. • 10 sports initiatives to promote both mental and physical health for children. • 28 initiatives provide basic needs to local communities. ENVIRONMENT • 24 organizations promoted environmental developments and recycling. • 15 initiatives promoted biodiversity programs and environmental stewardship. • 18.8 tons of post-consumer PET bottles collected. • 28.95 tCO2e reduced by recycling PET. FOR MORE INFORMATION HOME
2021 Recycling Education 716 Public and Community People 6 Recycling Talks 2,006 Students 29 Teachers 14 Virtual Training Sessions 57 Recycling Articles 23 Schools and Universities 5 Classroom Training Sessions 696 Downloads of Recycling Education Materials 846,045 Bottles Collected 36 Teaching Hours 1,296 Downloads of Recycling Education VDOs 18,801 kg. Bottles Returned to Recycling Factory* 2,751 People Received Training 5 Organizations RECYCLING EDUCATION We have conducted a recycling educational program as part of our recycling business since 2018 to convey the importance of recycling PET. This program helps children understand that they can play a part in driving a circular economy. We have extended our collaborations with various institutions, including schools, universities, companies and organizations, to improve awareness and benefit communities around the world. 2030 Target Educating one million consumers around the world about recycling LUAR BIASA Content verified by : Thailand Institute of Packaging and Recycling Management for Sustainable Environment (TIPMSE) 53,585** People (Cumulative 2018-2021) Progress against 2030 targets 35 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 * Only bottles returned to Indorama Polyester Industries Public Company Limited (Nakhon Pathom), Thailand ** COVID situation affected to number of people received training in last 2 years. FOR MORE INFORMATION HOME
INVESTING IN OUR PEOPLE We support and encourage our staff in their career development and promote a corporate culture that nurtures growth and innovation. Our HR strategy delivers value to the business and creates positive employee experiences. Our approach is focused on developing effective leaders who contribute to our strengths as an organization and our long-term performance. Leadership development is one of IVL Group’s five strategic priorities, and an important enabler of success. We continually attract qualified and talented personnel and nurture our workforce, so they are ready to take on new challenges. 2021 Highlights Nationalities Employees with Disabilities 82 281 IVL’s Culture Awards Initiated in 2021 to recognize employees and teams that exemplify IVL’s core principles, the awa rds focus on two categories: Change Enabler and Leadership for piloting with plans to expand to additional categories. Change enablers are people who influence, coach and communicate with others to change processes at IVL for the better. Leaders help to drive results, energize others, champion change, and focus on customers. 2.19% increase in our headcount 76.20% employee engagement (NPS) 11.42% overall attrition rate 41.89% of our employees are covered by collective bargaining agreements 708,106 total training hours 29.92 average training hours US$ 2.4 million total training costs Progress against targets 266 leadership positions 1,633 leaders About 1,000 leadership positions involved in succession planning by 2023 3,500 leaders involved in the leadership development curriculum by 2024 Target Leadership Development Program 36 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION HOME
OCCUPATIONAL HEALTH & SAFETY Our core values are focused on the safety of our workforce and themaintenance of responsible operations. We are achieving our target of making significant improvements in howwemanage, integrate, implement, and utilize health and safety initiatives across IVL. Our workforce and contractors are covered by safety protocols which are routinely audited across IVL’s activities. EHS Excellence Awards 2021 The EHS Excel lence Awards recognize an individual or team ( EHS or non- EHS ) that has demonstrated a conscious effort toreducerisk,driveimprovements in safet y or env i ronmenta l programs, lead others to do the same, or otherwise champion a strong safety or environmental compliance culture. 2021 Highlights Process Safety Tier 1 27% 17% 2020 2021 18 15 0.064 0.047 No. of Events Rate (Cases/ 200,000 man-hours) LTIFR <0.5 cases per 200,000 man-hours 2025Target Total Recordable Injury Rate: TRIR (Cases/200,000 man-hours) Lost Time Injury Frequency Rate: LTIFR (Cases/200,000 man-hours) LTIFR 0.66 cases per 200,000 man-hours Progress against 2025 targets 67% ISO 45001:2018/ OHSAS 18001:2007 certification compared with 2020 reporting scope A total of 45 sites (41%) attained the goal of “zero-accidents” in 2021 Launched its Injury and Illness Prevention Program (I2P2) systematically analyze incident trends and implement controls Building EHS Capacity 3 Group Share Events, 3 Regional Virtual Meetings and 3 Process Safety Training Sessions (Apart from regular trainings provided each year) 37 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 FOR MORE INFORMATION HOME
OPERATIONAL EXCELLENCE AWARDS Underway since 2017, this award is based on stellar performance across 10 criteria covering: Financial Performance, Operational Performance, and Sustainability Performance (environment, health and safety) andCustomer and Employee Satisfaction. The best Business Units are identified by benchmarking their performance across these criteria and are awarded at the annual Group Management Conference (GMC). PET DivisionWinners IOD Segment Winner Fibers Segment Winner Aromatics DivisionWinner Recycling BusinessWinner Packaging Vertical Winners Asia Pet (Thailand) Limited/Indorama Polymers Public Company Limited, Lopburi - Thailand Petform (Thailand) Limited, Lopburi (Closure) - Thailand Indorama Ventures Oxides Ankleshwar Private Limited - India Performance Fibers (Kaiping) Company Limited - China Indorama Petrochem Limited (PET), Rayong - Thailand Petform (Thailand) Limited, Rayong - Thailand Indorama Ventures Química S.L.U, San Roque - Spain Indorama Ventures Sustainable Solutions Fontana, Inc. - US 38 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION HOME
39 S U S T A I N A B I L I T Y R E P O R T E X E C U T I V E S U MM A R Y 2 0 2 1 This report was prepared in adherence with the Global Reporting Initiative (GRI) standards core option and the International Integrated Reporting Council (IIRC)’s International Integrated Reporting <IR> Framework 2021. Reporting Certification and Assurance in accordance with the GRI Standards, <IR> Framework and AA1000AS by an independent auditor. GHG Accounting, Verification and Assurance in accordance with ISO 14064-1 and ISO 14064-3 by an independent auditor. DATA REPORTING, VERIFICATION AND REPORT ASSURANCE 100% 100% Sustainability Report 2021 Annual Report 2021 (Form 56-1 One Report) Indorama Ventures - ESG Profile ANNUAL REGISTRATION STATEMENT/ ANNUAL REPORT 2021 (FORM 56-1 ONE REPORT) TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCI ETY INDORAMA VENTURES PUBLIC COMPANY LIMITED INDORAMA VENTURES PUBLIC COMPANY LIMITED 75/102 Ocean Tower 2, 37th Floor, Soi Sukhumvit 19 (Wattana), Asoke Road, Klongtoey Nuer, Wattana, Bangkok 10110, Thailand Telephone : +662 661 6661 Fax : +662 661 6664-5 www.indoramaventures.com Thi s annual repor t i s pr inted on paper that requi res 50% fewer t rees to produce than normal paper . Al l the text i s pr inted us ing natural soy ink. TRANSFORMATION AGILITY RESILIENCE REIMAGINING CHEMISTRY TOGETHER TO CREATE A BETTER WORLD SUSTAINABILITY REPORT 2021 sustainability@indorama.net CONTACTS AND FEEDBACK FOR MORE INFORMATION FOR MORE INFORMATION FOR MORE INFORMATION
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