Climate Change Data

Indorama Ventures Public Company Limited

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Renewable Energy Share:55% in 2020 (target of 10% by 2025 and 25% by 2030)

ESG Focus Areas

  • Recycling and the Circular Economy
  • Climate Change and Energy
  • Environmental Stewardship
  • Health, Safety and Well-being
  • CSR and Collaborations

Environmental Achievements

  • Recycled approximately 58 billion bottles from 2011 to 2020
  • Diverted 222,288 tons of post-consumer PET bottles from landfills and oceans in 2020 (equivalent to 84% of waste diverted from landfill)
  • Reduced carbon footprint through green projects at operations and investments in energy efficiency
  • 90% wastewater diverted from landfill by 2025 (target)

Social Achievements

  • Provided training and workshops to improve curriculums in 60 schools in Thailand
  • Provided user-friendly learning tools to five schools in Ghana
  • Improved laboratories in two schools in Bangkok
  • Provided empowerment training to vulnerable women in Chiang Mai, Thailand
  • Donated to treat and support activities for underprivileged breast cancer patients
  • Educated 27,906 people on recycling

Governance Achievements

  • Appointed an independent female director to the board
  • Appointed the Group Head of Business Continuity Management, in line with IVL’s gender diversity agenda
  • Achieved a B Rating in the CDP’s Climate Change assessment in 2020
  • Aligned the COP21 and TCFD frameworks and recommendations in our 2025 Climate Change Strategy

Climate Goals & Targets

Long-term Goals:
  • Become a carbon neutral company
  • LTIFR < 0.1 cases per 200,000 man-hours by 2050
Medium-term Goals:
  • 25% renewable electricity consumption by 2030
  • Educate 1 million consumers around the world on recycling by 2030
Short-term Goals:
  • Recycle 50 billion PET bottles per year by 2025
  • Recycle 750,000 tons of post-consumer PET materials as feedstock per year by 2025
  • 10% reduction in water intensity by 2025
  • 90% waste diverted from landfill by 2025
  • 10% renewable energy use by 2025
  • 5% reduction in energy intensity by 2025
  • 10% reduction in GHG intensity by 2025
  • LTIFR < 0.5 cases per 200,000 man-hours by 2025

Environmental Challenges

  • Climate change and its potential implications for business
  • Water crisis (water stress, droughts, floods, and a rise in sea levels)
  • Plastic waste in oceans
Mitigation Strategies
  • Increased use of renewable energy
  • Production of low-carbon products
  • More efficient use of resources
  • Sustainable water management
  • Wastewater treatment plants to increase water reuse and recycling
  • Reducing freshwater withdrawal
  • Collaboration with organizations to address ocean waste

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD, COP21

Certifications: ISO 50001

UN Sustainable Development Goals

  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 11
  • 12
  • 13
  • 14
  • 15
  • 17

The report details how various initiatives contribute to each of these goals.

Sustainable Products & Innovation

  • Deja™ Carbon Neutral PET pellet

Awards & Recognition

  • Gold Level recognition by EcoVadis
  • First prize in the “For Employee” category by the Klaipeda Industrialist Association (UAB Orion Global PET)
  • First place in the Employer-Safe Work Provider competition (Indorama Ventures Poland)