IVL successfullymanaged through the pandemic in 2021 achieving a strong financial performance amid record production volumes. Our region-centric business model of integrated and regional supply across a diversified geographic and product base is proving its value. More broadly, we will continue to build-up our portfolio of sustainable products that plays to our strengths in offering innovative solutions that meet social needs in an uncertain environment. Our response to the pandemic in the last two years has reflected our values as we pulled together to identify and prepare for risk as well as respond to prolonged disruption. We also showed how highly relevant businesses can contribute to helping the communities around us. Our global teams communicated constantly through risk alerts andnewsletters tomonitor key threats and craft interventions and responses. BUILDING AGILITY AND RESILIENCE Strengthening our IOD business’value chain has greatly improved our overall sustainability strategy. Our acquisition of Brazil-basedOxiteno has given us a unique portfolio of high-value surfactants and will broaden our expertise in green chemistry innovation, boost our ESG credentials, give us access to substantial growthpotential in attractive home & personal care, agrochemicals, coatings and oil & gas markets. This builds on our earlier acquisitionof HuntsmanCorporation’s integrated EOand POassets, ensuring IOD’scontinuedgrowth, development and innovation. Our new PNDA production unit in the U.S. extends our specialty chemical portfolio and will meet demand over the next decade to make us the world’s largest PNDA producer. DRIVING PROGRESS TOGETHER All our businesses are being combined under our ‘ONE IVL’ project to generate synergies across the group, strengthen our risk management, and facilitate agile decision-making. We are transforming our business under an integrated digital platform that will simplify and standardize our data, processes and practices globally. Lastly, our Global Business Solutions finance function will drive efficiencies and improve controls through consolidation and automation. To help our company achieve its sustainability ambitions, we created six enabling functions, including business continuity, communications, digital, environmental health and safety, Indorama Ventures Excellence (IVEX) and sustainability, which are steered by experienced professionals identified within the organization and recruited from the industry. These enabling functions will perform their roles and execute their strategic and operational plans in line with IVL’s vision and mission. The digital enabling function will lead our journey to create a well-informed and timely decision-making processwhile ensuring a robust digital culture to improve business performance. 13 SUSTAINABILITY REPORT 2021 Responsible Business and Effective Governance Driving Sustainable Value Creation and Growth Towards Net Zero Carbon Empowering Our People and Communities Global Performance Data GRI Standard Content Index
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