This report outlines IVL’s success in addressing the sustainability and climate issues that matter most to our customers, employees, shareholders, and communities in 2021. IVL is moving quickly on several fronts, and we are driving our actions in line with being responsible, one of our core values. In 2021, we created our purpose statement, ‘Reimagining chemistry together to create a better world,’ which defines our role and the positive impact that we have on our world. ACHIEVING NET ZERO CARBON Last year ’s COP26 in Glasgow ended with a global agreement to accelerate actions on climate change this decade. All countries agreed to strengthen their 2030 emissions targets, known as Nationally Determined Contributions (NDCs), in 2022 to limit global warming to 1.5 °C. So, there is much important work ahead. Our Chief Technology Of f i cers , as par t of the Decarbonizat ion Commi ttee, are heading IVL’s decarbonization strategy. The strategy consists of six prongs to reduce the company’s carbon footprint and support countries where we have operations. The committee provides technical guidance to each of our bus i ne s s s egmen t s and ensu r e s p l an t - l eve l decarbonization efforts to achieve Net Zero Carbon. We are on track to achieve our 2025 goals, and we have set more ambitious 2030 targets. The 2030 targets include a 30% reduction in Scope 1 and 2 combined greenhouse gas (GHG) intensity, 15%reduction in energy intensity, 25%useof renewable electricity, 20%reduction in water intensity, 90% diversion of waste from landfills, recycling 1.5 million tons in PET bale input annually and sustainability capital expenditures of US$ 7 billion. SUSTAINABILITY AT THE FOREFRONT In pursuit of business growth and profitability, we do things the right way – economically, socially, and environmentally. Health and safety are non-negotiable as we implement these three approaches in our global operations. Our vision statement, ‘To be a world-class sustainable chemical companymaking great products for society’, is backed by decarbonization and broader sustainability strategies as key di fferentiators going forward. This sharper focus will enable us to respond to any future uncertainties and improve our position in the post-pandemic era. 9 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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