SPECIAL REPORT The United Nations has hosted yearly climate conferences since 1995, bringing together representatives fromall around the world to address growing concerns over climate change. Six years ago in Paris, world leaders settled on a global pathway for climate action, committing to keep global warming to 1.5 °C above pre-industrial levels. In 2021, an important outcome at COP26 in Glasgowwas the Global Stocktake that is set to take place every five years. There was a significant step-up in ambitions and critically detailed action plans on emissions reductions from many countries, a display of strengthened solidarity towards safeguarding the planet for future generations. KEY COMMITMENTS FROM COP26 Rapidly scale technologies and policies to transition away from unabated coal power generationby 2030 for major economies and 2040 globally. More than 100 countries agreedto reducemethane, a greenhouse gas 80 times more potent than CO2, by 30% by 2030. 137 countries committed to halt and reverse forest loss and land degradation by 2030. Reaffirmed pledges by developed countries to deliver the US$100 billion yearly in climate financing. GLOBAL DECARBONIZATION AMBITIONS Thailand intends to reduce its Greenhouse Gas (GHG) emissions by 20% by 2030. Europe, through the EU’s ‘Fit for 55’ package, aims to cut emissions by 55% by 2030. The United States aims to cut its GHG emissions in half from 2005 levels by 2030. 1 2 3 4 2 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. COP26 Highlights and IVL’s Role in Decarbonization 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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