ROBUST ENVIRONMENTAL GOVERNANCE Our environmental best practices are embedded across our value chain and guided by effective, equitable, responsive and robust internal mechanisms to protect the environment within the communities where we operate. We remain up-to-date on and abide by legislation that safeguards environmental sustainability and take non-compliance cases seriously. Should any occur, we take immediate corrective actions, and draw on the lessons learned which are shared with all concerned parties as part of our transparency and knowledge-sharing efforts. ENVIRONMENTAL MANAGEMENT SYSTEM Our corporate values mandate the responsible pursuit of business growth and profitability. This is done in consideration of economic, environmental and social factors, and in compliancewith applicable environmental laws, regulations and standards in the countries where we operate. The Environmental Management System (EMS) is IVL’s comprehensive framework based on the ISO 14001 standard which seeks to improve environmental performance, build amarketing advantage, demonstrate environmental leadership and lower operating costs. It assists in procuring renewable energy to reduce GHG emissions and informs employees on environmental issues and responsibilities, empowering themtomitigate and respond with environmental protection measures. It also leverages internal environmental knowledge, boostsmoraleandbuildscredibilitywithour stakeholders. The EMS applies to our Board of Directors, management, employees, trainees and those authorized to act on behalf of or represent the Company. It also guides us in conducting due diligence prior to mergers, acquisitions and when planning greenfield projects and expansions. Our environmental compliance requirements guarantee that our act ivi t ies conform wi th al l appl icable environmental laws, regulations, and standards in the countries where we have operations. We are proud to declare that 79% of our operations are ISO 14001 cer t i f ied. For more informat ion on ISO related certifications, please refer to our website. MONITORING LOCAL LEGAL COMPLIANCE REQUIREMENTS Indorama Ventures will implement a new digital solution from an emerging global leader in EHS compliance, that is to be used for notifying local manufac tur ing s i tes of new and changing regulations. This solutionwill work with each IVLmanufacturing location to provide a legal register of applicable regulations in local languages. The legal registers will generate detailed checklists and notifications of legal requirements, specific to each location, that can be used for self-assessments and audits. In 2021, there were seven incidents of regulatory noncompliance (greater than US$ 10,000), including cases of oil, grease, ammonia, and nitrogen exceeding limits in wastewater which were all dealt with accordingly. Corrective actions were taken, and the lessons learned were shared with all concerned parties as part of our transparency and knowledge-sharing efforts. 121 SUSTAINABILITY REPORT 2021 FOR MORE INFORMATION Empowering Our People and Communities Global Performance Data GRI Standard Content Index Towards Net Zero Carbon Responsible Business and Effective Governance Driving Sustainable Value Creation and Growth
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