IVL’S WAY FORWARD The protection and restoration of biodiversity is critical if we are to collectively achieve our global sustainability goals. Success will require multi-stakeholder collaborations between regulators, corporations and consumers. A thriving biodiversity plays an integral part in promoting stability and resilience to ecosystems and is vital for a stable supply chain. As a key player in the global chemicals supply chain, IVL firmly believes that we can play a part in transforming the biodiversity crisis – the push for more eco-friendly solutions will drive innovation forward and open up new business opportunities. This strengthens and confirms IVL’s mission to be a world-class sustainable chemical company making great products for society. The decisions we take today as a society will have implications on our tomorrow. Here at IVL, we understand the importance of biodiversity, its impact and strive to continue our research and take a lead in implementing good practices and call upon everyone to join us to act responsibly. In an attempt to preemptively avoid any significant impact on biodiversity due to our business activities, we have committed to ensuring that future production sites are not to be located in the vicinity of a protected area or those protecting species and habitats - including those under threat and those that represent a high value for biodiversity. We proactively take precautions during our preliminary assessments to ensure that we minimize any potential negative impacts on biodiversity and have pledged to no deforestation in future business expansion or operations at IVL. Our Approach We suppor t and promote knowledge and awareness in the area of biodiversity, with the aim of conserving and protecting biodiversity. Our Action We support unique programs spearheaded by Wetlands Edge Environmental Center (WEEC), AsheboroZoo andTheWaddenSeaNational Park through sponsorships and initiatives that raise biodiversity related awareness through targeted educational programs. Our Approach We are able to contribute to a reduction of marine plastic debris by incorporating them into our efforts in PET recycling. Our Action Our new facility in Indonesia is geared towards this challenge with an expected capacity to recycle almost two billion plastic bottles a year in support of the government’s plan to reduce ocean debris. When there are any operations in close proximity to a critical biodiversity area, we will follow the Mitigation Hierarchy as outlined in the four steps below: Avoid creating impacts from the outset Rehabilitate / Restore degraded or removed ecosystems following exposure to impacts that cannot be completely avoided or minimized Minimize the duration, intensity and/ or extent of impacts that cannot be completely avoided Offset any residual, adverse impacts after full implementation of the previous three steps of the mitigation hierarchy HOWWE CONTRIBUTE TO BIODIVERSITY PRESERVATION MITIGATION STRATEGY 123 SUSTAINABILITY REPORT 2021 1 3 2 4 VIA OUR ENGAGEMENTS VIA OUR PRODUCTS 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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