HUMAN CAPITAL A skilled, thrivingworkforce is the foundation of successful businesses. As COVID-19 forces businesses to transcend traditional human resources frameworks, it is crucial for IVL, as a leading chemicals company, to develop a future-proof workforce. We are, therefore, increasing our focus on boosting employee resilience and well-being to close the gap in global skills. Challenges • Shortage of global talent • COVID-19 impact on employee development • Attrition and retention cycles according to economic fluctuations and their implications on the talent pool and future workforce vitality Opportunities • Investing in robust talent development and reskilling programs to create a highly capable workforce • Succession planning for senior and middle management positions • Developing the talent pipeline via collaborations with external institutions, such as schools and universities GLOBAL HEALTH CRISIS IVL prioritizes our people, customers and suppliers while navigating the financial and operational challenges imposed by COVID-19. The right actions by supply chain leaders have the potential to transform massive complexity and supply chain disruptions into positive impacts. Challenges • Disruption to international supply chains • Unexpected workforce shortages due to illness Opportunities • Empowering communities through strategic contributions • Exploring more efficient modes of work • Incentives to innovate and future proof work processes to increase business resilience • Promoting employee hygiene to stop the spread of illnesses in a production site or office 35 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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