17 SUSTAINABILITY REPORT 2021 We took important steps over the past year tomakemore sustainable solutions at IVL. The ESG Council, one of five cross-segment councils formed in 2021, was established to explore synergies and align efforts. It aims to support value creation for al l our stakeholders by better integrating ESG responsibilities into our daily activities and long-term sustainable performance. We declared our ‘Vision 2030’ ambition to steer us in becoming a global industry standard in sustainability, which is built on three pillars: decarbonizing operations, driving innovative and sustainable products and shaping a future-ready organization. We are focusing on weaving IVL’s corporate values “Diversity is our Strength” into the DNA of the organization; as such, we are proud to have supported International Women’s Day 2022 with the theme of BreaktheBias, led by the newly-formed Diversity, Equity, and Inclusion Committee, as part of the ESG Council. TOWARDS NET ZERO CARBON Net zero carbon is a key component of IVL’s future. We continue to implement initiatives to achieve our goal of Net Zero Carbon, not only in our operations but in our supply chain through our decarbonization strategy of: 1) improving operational efficiency; 2) consumingmore renewable electricity; 3) increasing and expanding recycling facilities for mechanical and advanced recycling; 4) adopting future technology; 5) increasing bio-based and recycled feedstocks; and 6) offsetting residual emissions through natural capital solutions. IVL will invest US$ 4.7 billion to increase the use of biomass feedstock in our products. By 2030, a quarter of our feedstock rangewill be derived fromsustainable sources, supporting a reduction in our GreenHouse Gas (GHG) emissions. We are also focusing on green projects to improve our operational efficiency and help mitigate against carbon taxes, like the Emissions Trading Scheme (ETS) and the Carbon Border Adjustment Mechanism (CBAM), which will go into effect in the next few years.We have invested US$ 44million in 2021 and plan to invest US$ 640million by2030 towardsgreenprojects to improveour reductions in energy, GHGs, water use, and waste generation. We are on track to achieve our 2025GHGemissions goals, and we have set even more ambitious 2030 targets. Ten of our sites in four countries have installed solar rooftop panels. Further, we are working on procuring more renewable electricity through Virtual Power Purchase Agreements (VPPAs). Our decarbonizing innovations not only reflect our vision and values, but they are also the smart approach towards an improved environment and marketplace, driven by mutually beneficial relationships with our employees, customers, suppliers, and wider communities. To help our external stakeholders better understand our GHG Scope 3 emissions, and how we can lower environmental impacts, we will increase transparency in our supply chain, align procurement decisions to a 1.5°C reduction, and continue to pursue our ESG standards. We are actively engaging with our suppliers and procurement teams on GHG Scope 3 accounting and sharing our knowledge and best practices to drive reductions. We are also supporting our customers in achieving their GHG targets through our improved range of DejaTM carbon-neutral products, as demand increases for certified and sustainable products that guarantee high-grade quality with a lower carbon footprint. 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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