SUSTAINABLE AND GREEN PROCUREMENT IVL always strives to utilize environmentally and socially responsible materials, products and services which are high per formance, safe and lasting in value. We understand every product’s life cycle impact on the environment and human health with an aim to: • Encourage sustainable consumption • Reduce its impact on the environment and human well-being • Support sustainable long-termmarkets for recyclable materials • Contribute to sustainability through community and societal progress We are achieving further reductions in emissions by consuming renewable energy (biogas, biomass and renewable electricity) in our operations and are considering increasing the use of renewable electricity, both onsite (rooftop and ground-mounted) and offsite (virtual power purchase agreements). These sustainable business decisions help us better manage our resources, improve efficiencies, achieve greater savings and accurately forecast future costs. In 2021, we procured 23,978 tons of bio-based raw materials (Bio-MEG, PLA and cellulose) for our bio-PET, biopolymers PLA, and tire cord fabric production. We also sourced and recycled317,064 tons of post-consumer PET bottles and materials. DECARBONIZATION TARGETS AND THE SUPPLY CHAIN We conduct our operations in a way that respects sustainabilitywithafocusonsupplychaindecarbonization and align our business strategy with several approaches to strengthen our existing initiatives and inspire new ones throughout our supply chain. These include incorporating sustainability in procurement contracts, supplier risk assessments and performance evaluations; strengthening reporting requirements on resource efficiency; reducing GHG emissions; and increasing capacity building for suppliers. We understand that decarbonizing our business and supply chain can contribute towards the global fight against climate change. By successfully reducing our emissions, we can leverage all players in the value chain to help themachieve their respective decarbonization goals. We are working to improve our supply chain network design, modes of transportation and product mix, have better inventory control and select better suppliers through carbon footprint planning.Wewill also continue to explore supply chain decarbonization projects and assess valuable lessons from industry leaders. Our decarbonization strategy involves collaboratingwith our suppliers to obtain supplier-specific data and set emission reduction targets while strengthening our relationships to improve collaboration in the supply chain. Our fight against climate change is in linewith the Paris Agreement, the SBTs and the UN SDGs. The followingongoing initiatives demonstrate our strong support and commitment to operate responsibly through sustainable supply chainmanagement together with our business partners. 93 SUSTAINABILITY REPORT 2021 ECOVADIS Weachievedabove industry-averageperformance in four assessment areas, the environment, labour &humanrights,ethics,andsustainableprocurement, as a result of the ongoing improvements in our sustainability performance on supply chain management. We were honored to take home the Platinum Medal from Ecovadis, the highest recognition awarded for sustainability performance.We went from a top 3% ranking in 2017 to top 1% in 2021 among companies assessed globally. FOR MORE INFORMATION FOR MORE INFORMATION Responsible Business and Effective Governance Towards Net Zero Carbon Empowering Our People and Communities Global Performance Data GRI Standard Content Index Driving Sustainable Value Creation and Growth
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