115 SUSTAINABILITY REPORT 2021 ACCELERATING SUSTAINABILITY TARGETS We are constantly looking to improve long-termsustainability through natural climate solutions that can remove carbon from the atmosphere. Forest preservation, restoration, and anti-deforestation projects are in the pipeline, along with Carbon Capture Utilization and Storage (CCUS) and green hydrogen. Additionally, we have invested in roof and ground mounted solar panels for our sites and are seeking Virtual Power Purchase Agreements (VPPAs) wherever feasible. These are in linewith our plans to decarbonize IVL’s energy consumption by increasing usage of onsite and offsite renewable electricity reaching 10% by 2025 and 25% by 2030, and through the progressive phase-out of coal. In our ongoing effort to decouple our business growth fromour emissions, we anticipate investing US$ 7 billion in green projects by 2030 to improve operational efficiencies and reduce energy consumption, GHG emissions, water consumption and waste generation. Going further down a greener path, we aim to invest in making fundamental changes to our products and businesses around the world. While doing all we can to stay ahead of evolving regulations and legislation, our decarbonization strategy also involves the indirect approach of helping other industries and individuals reduce their impacts on the climate through our products. Essential tomodern life, our products are amongst the best based on their performance, affordability, and environmental footprint. While traditionally companies and their emissions grow over time, we are changing this narrative through our concerted efforts and strategies in achieving Net Zero Carbon. Even as we are reducing our emissions, we will continue to put the needs of stakeholders at the heart of our efforts while connecting our sustainable goals, actions and outcomes with globally desired social and economic results. Empowering Our People and Communities Global Performance Data GRI Standard Content Index Responsible and Effective Governance Driving Sustainable Growth Towards Net Zero Carbon
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