142 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. INDORAMA VENTURES EXCELLENCE (IVEX) PROGRAM In accordance with the Company’s development strategy, the Indorama Ventures Excellence (IVEX) program has extended its coverage to a diverse range of development initiatives across IVL. IVEX reflects and advances our values through world-class tools, sharing engagements, and the leadership development of employees through relevant projects. Significantly, the team takes part in building an innovation culture that activates the success of our Company through our people. “IVEX World-Class” training programs in 2021 included our Learn Six Sigma (LSS) Belt training series to incorporate first-rate tools that build a foundation to align IVL’s business goals. In addition to the training, IVEX focuses on excellence development projects, which engage in different elements that advance the Company’s values. Categories include increasing output, sustainability, energy, air andwater, wastemanagement as well as quality and cost control. At IVL, diversity is our strength. We benefit from invaluable experiences through internal cross-sharing activities. All IVEX practitioners regularly collaborate in best practice sharing sessions on different key topics. Seeing the implementation of this positive change is the key to continuous improvements, and IVEX actively explores additional possibilities that have a strategic impact on the Company. 2021 IVEX Performance Achievements US$ 46.3 million in cost-saving benefits 41 sustainability projects across IVL including utilities 29,000 hours invested in people training and development A total of 681 projects 540 million kwh reduction in energy consumption 441 Trained Belts in 2021, surpassing the annual target of 274 996 new practitioners with over 3,400 people engaged in projects more than 75,000 total training hours from 2018-2021 IVEX PROJECT COMPETITION 2021 The IVEX Project Competition is arranged annually with a focus on Learn Six Sigma (LSS) projects completed in each business. The scoring is calculated by averaging three criteria: Define, Measure, Analyze, Improve and Control (DMAIC) methodology, LSS tool usage, and project impact. In 2021, the team from Indorama PETNigeria Limitedwon the global winning award for their “Compressed Air System Energy Efficiency Improvement” project, which can potentially generate substantial savings from the reduction of energy consumption by maintaining a compressed air system. This project not only promotes sustainable consumption of energy but also has a high potential for replication across other IVL sites. Chief Strategy Officer Message Chairman of the ESG Council Message Key Achievements 2021 CEO Message IVL’s Sustainable Value Creation for Stakeholders Home
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