97 SUSTAINABILITY REPORT 2021 Note: The parameters of the KPI or calibration of the SPT may change if there is a material change to IVL’s current business operations. Any such change will be communicated within its annual reporting and in line with IVL’s related disclosure obligations. IVL’s performance against the SPT will be reported on the company’s website and in its annual Sustainability Report. SPT 1: Reduce IVL’s GHG emissions intensity by 10% by 2025 from a 2020 base year In 2021, we achieved a 3% decrease. SPT 2: 750,000 tons of post-consumer PET bale input in 2025 In 2021, we recorded 317,064 tons of post-consumer PET bale input – up from 222,288 tons. SPT 3: 25% renewable electricity consumption by 2030 In 2021, we recorded 7.5% renewable electricity consumption – up from 2.8% in 2020. The issuance of all loans and bonds reflects our long-standing commitment to sustainability, supports our sustainability commitments as a business and emphasizes our fiscal responsibility through sustainable finance. IVL developed a Sustainability-Linked Finance Framework to be aligned with the Sustainability-Linked Bond Principles (SLBP) by the International Capital Markets Association (ICMA), and the Sustainability-Linked Loan Principles (SLLP) by the Loan Market Association (LMA). The five core pillars of the SLBP are: Over the past few years, we havemade significant strides and achievedmanymilestones, inching closer towards our 2030 target. There is still much more work to do. To this end, guided by our strategic framework, we look forward to continuing our efforts to reduce emissions from the value chain, increase positive economic and social impacts and generate environmental well-being in collaboration with all our stakeholders. Three Sustainability Performance Targets (SPTs) were selected which are core, relevant, and material to IVL’s business and measure progress against IVL’s sustainability commitments prior to the issuing of bonds, loans, or any other debt instruments. Pillar 1: Selection of Key Performance Indicators (KPIs) Pillar 2: Calibration of Sustainability Performance Targets (SPTs) Pillar 3: Financial Characteristics Pillar 4: Reporting Pillar 5: Verification “The sustainable finance that we raised strengthens our financial profile and will helpusgrowour business in linewithour strategicplan. Contributing to the issuance was the confidence of investors in our growth prospects. This will also position IVL as a world-class sustainable chemical company supplying valuable products for the manufacture of a range of consumer and industrial products. I express my heartfelt thanks to investors for placing their trust in IVL.” * Mr. Sanjay Ahuja is serving as Interim Executive President Combined PET since March 2022. Mr. Sanjay Ahuja Group CFO* 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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