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Committed Towards a Sustainable Future

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Committed Towards a Sustainable Future Sustainability Report Executive Summary 2020 r E la con cu o ir m C y eutrali N ty n o b r a C g & Em in p e o b w - l e l r e m e W n Committed Towards t A Sustainable Future H e a l t h & S a f e t y e t s a W R e c i c t y s c a l l cts fo i n P du r g d S t o E n ro o P c i t e a t y e r G Scan to read INDORAMA VENTURES PUBLIC COMPANY LIMITED Sustainability Report Executive Summary 2020 For More Key Sustainability Achievements 2020 Information • Indorama Ventures was recognized in SAM’s • Indorama Ventures improved its ESG Sustainability Yearbook 2021 with the Silver rating from BB to BBB in 2020. Class distinction and was listed in the Dow Jones Sustainability Indices (DJSI) - World and Emerging Markets. We were ranked third among 115 of the world’s • Indorama Ventures achieved a B Rating leading sustainable chemical companies. • in the CDP’s Climate Change Assessment in 2020. • In 2020, Indorama Ventures remained at the Gold Level, recognized as one of the top 2% of companies (98th percentile) rated by EcoVadis in Sustainalytics assessed IVL as a leader in the manufacture of basic chemicals. • ESG the chemicals industry placing the company INDUSTRY TOP RATED 7th out of 202 companies, as per their report in January 2021. for 2nd consecutive year • Indorama Ventures remained a constituent of the FTSE4Good Index Series following the October 2020 index review, achieving the top rank among chemical companies • Indorama Ventures was awarded “Best Regional globally (scoring 4.6 out of 5). Loan” in the manufacturing sector for its US$300 million Blue Loan – the first of its kind • We received a Best ESG score standing at the granted to a plastic resin manufacturer. top of the group with a 100th percentile rank. Indorama Ventures PCL. 2 Vision - To be a world-class sustainable chemical company making great products for society. Table of Contents Group CEO Message 4 Chief Strategy Officer Message 5 Chief Sustainability Officer Message 6 IVL at a Glance 7 Sustainability Strategy 8 Sustainability Framework 9 Climate Change Strategy 10 Our Sustainability Ambitions Towards Carbon Neutrality 11 Value Creation Model 12 Our Contributions to the UN SDGs 14 Response to the COVID-19 Pandemic 15 Responsible and Effective Governance 16 Corporate Governance 17 Driving Sustainable Growth 18 Circular Economy Thought Leadership 19 Driving Circularity Through Recycling 20 Innovation-Driven Growth 21 Safe and Sustainable Products 22 Creating Strong Customer Relationships 23 Towards Carbon Neutrality 24 Energy Management 25 GHG Management 26 Water Management 27 Waste Management 28 Operational Excellence Awards 29 Empowering Our People and Communities 30 Giving Back to Our Communities 31 Recycling Education 32 Investing in Our People 33 Ensuring a Safe and Conducive Workplace 34 Sustainability Report Executive Summary 2020 3 For full Group CEO Message message “An even stronger focus on sustainability is necessary as we navigate through the pandemic and its uncertainties.” In light of COVID-19, sustainability means being resilient and agile in response to adverse events, working in partnership with others, and focusing ever more closely on health, safety and well-being. Aloke Lohia Group Chief Executive Officer Indorama Ventures PCL. 4 Vision - To be a world-class sustainable chemical company making great products for society. For full Chief Strategy Officer Message message “At Indorama Ventures, we believe that sustainability is a source of our competitive advantage contributing to our long-term growth.” Udey Paul Singh Gill Chief Strategy Officer Sustainability Report Executive Summary 2020 5 For full Chief Sustainability Officer Message message “Our business potential and resilience is tied to our environmental responsibility and social empowerment.” We see sustainability as a transformative journey that demands constant and continuous improvements, and IVL intends on being a thought leader delivering a more sustainable and circular ecosystem in the future. Yash Lohia Chief Sustainability Officer Indorama Ventures PCL. 6 Vision - To be a world-class sustainable chemical company making great products for society. For More IVL at a Glance Information Europe IVL Operations • Austria • Italy • Slovakia • Bulgaria • Lithuania • Spain As of 31 December 2020 North America • Denmark • Luxembourg • The Czech Republic • France • Poland • The Netherlands 123* 6 • Canada • • • Sites Continents • Mexico Germany Portugal Turkey • • • • The United States Ireland Russia The United Kingdom 33 15 3 18 Countries Recycling facilities 7 Asia 3 • China * The Sustainability Report 2020 consists of data from 107 sites. 1 • India Further details are provided under ‘About This Report’ in the full • Indonesia Sustainability Report. 1 South America • Israel • Myanmar • Brazil Oceania Africa • The Philippines • Australia • Thailand • Egypt • Ghana Business Segments • Nigeria Combined PET Fibers Integrated Oxides and Derivatives Sustainability Report Executive Summary 2020 7 For More Sustainability Strategy Information Our Sustainability Strategy focuses on the three core elements necessary to meet our 2025 targets – protecting the environment through responsible operations, empowering our people and transferring value to our stakeholders, and driving economic prosperity ethically and innovatively. Environment – Responsible Operations • LOW C EING ARB -B ON ELL P Our operations and products are focused on being environmentally- W • RO ND ER RE D A Y SO UC Y LO U T friendly, contributing to the circular economy, minimizing resource T P RC S FE EM E A D R • S E E C , IR ENT • OPER D consumption and reducing emissions to fight climate change, and H GEM A U L T M A TIO C IM L NG N D E A T A A R MENT L I A E OP • RE E O T contributing to the circular economy. E LD EL N C E H • O EV EW O N H D A - P T X E L B E R S A F E K T L F O U A I E • D T P R IC B A P T S E I E N C S E R O I O C • N E R N S U C F T A E I S N N R E • Y O E V C O M R I I U E N N T R R S Social – Empowerment Culture I L S H • O E R C P A C E D E • I P T N • • A D S A O C M Y R C R U R Our respect for human rights, engagement and investments in A T H B E P I E P E O O R E C F L P S H S C N T N Y A L T To be a world-class S G C H I U capacity building, and creating shared value for our stakeholders I F H E T L L O & G sustainable chemical R H I I A G N S O R H company making • U T R G L T demonstrates our commitment to achieving long-term success. N great products P O KEY PILLARS E A A R E C H for society I M T H N O U • • T H N • G STRATEGIES O O CE M • V N Y Governance – Business Potential C ERNA • O S R Y U C N OUTCOMES S PO N TA R E IO I A R T Our business is based on our integrity and ethical principles, N TE PA ZA A G S LI BL O AN A E VER & TR IT OP NANCE, ETHICS IG driving customer experiences through our innovative products ERA D TION N • and moving forward in meeting societal needs for sustainable S • INNOVATIO • R TY growth and leadership. E UI V N EN • IN EX TI UE NO IND N /E VATION/ VITALITY CO BITD ESS A/ USIN PROFIT GROWTH • B Indorama Ventures PCL. 8 Vision - To be a world-class sustainable chemical company making great products for society. For More Sustainability Framework Information Vision To be a world-class sustainable chemical company making great products for society "Always "Honesty in "Collaborative & "Visionary "Adaptive Values evidence-based" everything" Innovative" leadership" mind-set" Carbon Neutrality Improving Lives Trusted Partner Aspirations to sustain our world and business through sustainable and affordable products to the global community Thought Leadership Global-Local Circular Approach Early Adopter ESG Best-in-Class Differentiators on sustainability and close proximity to improving circularity bringing innovation investing in a the circular economy stakeholders in IVL’s value chain to our operations sustainable business Must do Thrusts - Sustainable growth Enabler Strategic Stakeholder Recycling Efficiency Measurable Education Engagement Building the recycling Efficient use of resources, Understanding what Scaling our education priorities Aligning our actions infrastructure the world delivering sustainability will be covered in our programs while responsibly and in a way needs to deliver a goals and ROCE, and sustainable commitments leveraging our that benefits society circular economy energy transition/waste and how our products extensive global to resources improve society footprint Recycling 750 kt IVL goals shared and Towards External Educate 1,000,000 (50 bn) PET bottles Metrics adopted by society carbon neutrality validation consumers by 2030 p.a. by 2025 Sustainability Report Executive Summary 2020 9 For More Climate Change Strategy Information Climate change is one of the biggest challenges we face. Climate Strategy 2025 As a business, IVL has a vital role to play. We recognize these risks and are committed to taking action. Our Climate Pillars Strategies Outputs Strategy 2025 focuses on better use of natural resources, Upstream & Downstream Integration • Increase in the use of post-consumer support for the circular economy, climate change resilience recycled materials and efficiencies across processes and operations.
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