IVL Receives Global Recognitions for Sustainability Development Lowering Impact on Climate Change

Energy Press Releases Monday January 28, 2019 09:41
Bangkok--28 Jan--Indorama Ventures

Indorama Ventures Public Company Limited (IVL), a global chemical producer, is aware that climate change is one of the most compelling risks that the world is facing today, and is fully committed to finding pathways to develop effective low-carbon strategies that alleviate climate change. With this tremendous effort to achieve its aspiration of being a world-class chemical company making great products for society, growth resting on positive environmental and social continuity as well as ethical performance on economic have been IVL's priorities. Our geographical diversification, with strong cooperation of every operating site in 31 countries in 2018 has now been once again recognized by the Carbon Disclosure Project (CDP).

The CDP is a global organization that recognizes the efforts companies put into preventing dangerous climate change and environmental damage. It aims to make environmental reporting and risk management a business norm, and drive disclosure, insight and action towards a sustainable economy. The CDP is one of the most recognizable ratings on a global level and has been widely accepted amongst top international companies.

For the performance in 2018, a majority of peer companies from the Materials sector and the Chemicals industry successfully achieved this notable CDP rating at Awareness Level, or a score of C. Against peers, IVL was benchmarked and recognized as having reached the CDP Management Level at a score of B. This highlights the company's successfully implemented actions, policies and strategies to address the environmental issues in the past year.

Besides this, IVL was recognized by achieving the highest score amongst companies in the SET50 and GICS100 on Bloomberg ESG assessment.

All these achievements reflect the company's excellent performance in taking further steps to effectively reduce emissions, indicating more advanced environmental stewardship. IVL has developed a policy and strategic framework within which to take action and reduce negative climate change impacts. IVL's sustainability performance is meant to support the COP21 agreement to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future.

About Indorama Ventures

Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world's leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and Americas. The company's portfolio comprises Necessities and High Value-Added (HVA) categories of Polymers, Fibers, and Packaging, selectively integrated with self-manufactured Ethylene Oxide/Glycols and PTA where economical. Indorama Ventures products serve major FMCG and Automotive sectors, i.e. Beverages, Hygiene, Personal Care, Tire and Safety segments. Indorama Ventures has approx. 16,000 employees worldwide and consolidated revenue of US$ 8.4 billion in 2017. The Company is listed in the Dow Jones Sustainability Index (DJSI).


Latest Press Release

Photo Release: EXIM Thailand Supports Gulf PDs Development of Gas-fired IPP in EEC

Mrs. Warangkana Wongkhaluang (second left), Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently jointly with Mr. Sarath Ratanavadi (fourth left), Chief Executive Officer of Gulf Energy Development Plc., and 15...

Photo Release: BGRIM secured a 30-MW solar rooftop project in Oman

B.Grimm Power Public Company Limited (BGRIM) Chairman, Dr. Harald Link, and President/Chief Executive Officer, Mrs. Preeyanart Soontornwata, signed an agreement with Mr. Khamis Bin Mubarak Al-Kiyumi, Chairman of AI Madina Real Estate Company S.A.O.C.,...

GCL System Integration จับมือ Powin Energy ตั้งบริษัทร่วมทุนเพื่อขยายธุรกิจระบบกักเก็บพลังงาน

GCL System Integration จับมือ Powin Energy นำเสนอระบบกักเก็บพลังงานแบบ front-of-the-meter ในออสเตรเลียและเอเชียตะวันออกเฉียงใต้ GCL System Integration (GCL SI) และ Powin Energy (Powin) ประกาศจัดตั้งบริษัทร่วมทุนภายใต้ชื่อ G-Powin Energy Solution...

New Report Maps Seven Critical Areas for Energy Sector Transformation and Calls for Breakthrough Global Climate Action

RMI's 'Seven Challenges for Energy Transformation' outlines a path for world leaders and top energy sector actors to mitigate the climate crisis in the next decade. Rocky Mountain Institute (RMI) today launched a new report, Seven Challenges for Energy...

GCL System Integration and Powin Energy Announce Joint Venture to Deliver Energy Storage Solution

GCL System Integration and Powin Energy to bring leading front-of-the-meter energy storage solutions to Australia and Southeast Asia GCL System Integration (GCL SI) and Powin Energy (Powin), today announced a joint venture, branded as G-Powin Energy...

Related Topics