We publish our Communication on Progress (COP) annually which is available in our 2021 Sustainability Report and on the UN Global Compact (UNGC) website. In recognizing the important work being done by the UNGC on climate change, we moved to actively support and contribute to the UNGC as a signatory since 2019. Its core values resonate with us, contributing to our implementation of a robust strategy that supports its 10 principles. In addition, we participated in the GCNT’s “We Shift... World Change” television program, demonstrating how our Recycling Education program contributes towards a circular economy for future generations. In advocating sustainable development, the programcaptured the ideas, initiatives, business directions and experiences of leading private sector companies putting the SDGs into action. We reaffirmed our commitment to climate change and arewell-positioned to achieve positive impacts going forward. We are extremely grateful for the unwavering support of our stakeholders who continue to help us navigatemounting challenges while enabling us to work towards achieving Net Zero Carbon. ENGAGEMENT WITH THE UNGC SPECIAL EDITION CLIMATE LEADERSHIP IN THE ELEVENTH HOUR The 2021 United Nations Global Compact–Accenture CEO Study on Sustainability Acadia landscape. Photo: Michael Hughes In the 2021 United Nations Global Compact–Accenture CEO Study special edition on sustainability, entitled ‘Climate Leadership in the Eleventh Hour’, our GCEO shared his perspective on the affordability and knowledge constraints, particularly with countries from the Global South where 65% of CEOs believe they are restricted by the price of sustainability-enhancing technology. “Few plastic industry players are confident in recycling investments because the technology is not fully developed, and it is unclear who will own the cost”. Rightly themed“A New Era of Accelerated Actions,”our annual participation in the Global Compact Network Thailand (GCNT) Forum 2021: Thailand’s Climate Leadership Summit saw us strengthen our commitment towards sustainability. We signed a joint declaration to achieve Net Zero by 2050, or no later than 2070, alongside other leading companies and the private sector in Thailand. Mr. Yash Lohia, Chairman of the ESG Council, revealed IVL’s perspective on CO2 emissions reductions and the Circular Economy of PET in the GCNTpublication“SDGsMegaTrends 2022: Newtrends for private sectors to transform business and tackle climate change” “IVL believes that the circular economy is the next industrial revolution. When consumers choose PET and use their collection system, the recycling infrastructure must be in place to close the loop and keep the material in the economy. PET can helpmeet our climate goals. Especially whenwe aremaking it in a sustainable way. IVL is shifting from conventional to renewable energy sources. This allows us enormous possibilities to reduce our carbon footprint and achieve our Net Zero Carbon.” 43 SUSTAINABILITY REPORT 2021 FOR MORE INFORMATION Click here to watch VDO 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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