The issues raised were cross-referenced against GRI topics and assigned indicators where relevant. Theywere thenmappedwithin amaterialitymatrix and scrutinized by our business leaders, individual operations leadership representatives, a wide range of individuals from across IVL, external stakeholders, the Sustainability Team and reviewedby the SRMC. Formore information, please refer to our GRI Content Index on pg. 182-193 of this report. We identified 13 key material topics as part of the materiality assessment in 2020, for which we created enhanced performance indicators and targets to drive internal performance improvements.We aim to conduct another materiality assessment in 2022. These are detailed in the Materiality Assessment section of this report on pg. 44 as well as on our website. 3. Sustainability Report Assurance and GHG Verification External verification gives us credibility and enhances our report’s transparency and integrity. We engaged independent external auditors TUV India Private Limited to verify and assure that the information provided in our Sustainability Report 2021 is in accordance with the GRI Standards, <IR> Framework and the AA1000 Assurance Standard. TUV India Private Limited issued an Assurance Statement which is part of the Independent Assurance Statement on pg. 171-175 of this report. TUV Nord CERT GmbH is the independent external assurance auditor that verified the information on GHG Scope 1, 2 and 3 [for five categories] emissions in compliancewith the GHG Protocol, ISO 14064-1, and ISO 14064-3. Our senior leadership, including our Chief Technology Officer, Chief Sustainability Officer and Chief Executive Officer, review the final report prior to publication. GREENHOUSE GAS (GHG) ACCOUNTING We adhere to the Greenhouse Gas Protocol on Corporate Accounting and Reporting as outlined by the World Resources Institute (WRI) and theWorld Business Council for Sustainable Development (WBCSD). Our GHG accounting was implemented systematically and consolidated throughout all of our global operations in accordance with these requirements. Report Quality IVL’s position as a leading chemicals company drives us to closely adhere to our sustainability framework where environmental, social and economic growth are of equal impor tance. Integrated Repor ting is par t of this framework and is the future of corporate reporting. Our Sustainability Report 2021 collates qualitative and quantitative information in close reference to the <IR> guiding principles rather than specific indicators. This enables us to highlight the interdependencies within the organization and the external environment, apply transparency in resource allocation, and show how we champion long-term sustainability. Additionally, abiding by the GRI standards in reporting allows us to produce communication materials that are balanced, comparable, accurate, timely, clear and reliable. As an important part of this report’s preparation, we consolidated the valued opinions from our varied stakeholder groups into a robust set of material issues. We adhere to the following three steps as outlined in the GRI standards on defining report content for our Sustainability Report 2021: 1. Sustainability Context We embed sustainability into the core of our business by identifying our sustainability-linked material topics and external trends to formulate our strategy, then lead the strategy’s implementation, managing risks and seeking new opportunities. This Sustainability Report 2021 details the insights of how IVL delivers short, medium and long-term value. Delivering above the minimum requirement in exercising our responsibilities in environmental, social and governance scopes contributes to good business sense. We believe a business’ sustainability is as good as its ability to positively impact these factors. 2. Materiality Assessment We engaged our internal stakeholders across our business operations and core functions, as well as key external stakeholder groups including customers, suppliers, bankers, fund providers/managers, investors and consultants to perform our materiality assessment analysis. We concentrated on topics that have the capacity to impact IVL’s ability to create long-term value in economic, governance, environmental and social areas. 178 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. 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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