Indorama Ventures is committed to conducting its global business honestly, fairly, with accountability, and free of corruption and bribery. Any breach of this policy will be viewed as a serious violation.

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UK Bribery Act
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COLLECTIVE ACTION COALITION AGAINST CORRUPTION (CAC)

Indorama Ventures embraces the values of being an anti-corruption-driven organization, therefore this is one of our key commitments to foster the ethics needed to counter corruption in our culture. We also believe that by implementing an anti-corruption awareness program in the organization we may be able to mitigate the risks.

For this reason, Indorama Ventures participated in the Thailand Private Sector Collective Action Coalition Against Corruption (CAC) and undertook the CAC certification process, to which the company became a signatory in 2013, to demonstrate our firm commitment against corruption and bribery. With our effort and outstanding commitment to anti-corruption practices, Indorama Ventures received CAC Certification in October 2014 and 2018. It is a great achievement and reflects the excellent anti-corruption awareness and enthusiasm of our company. We will continue to maintain and develop our proactive standards to ensure that our commitment and practices are implemented in the spirit that they were created.

Indorama Ventures is committed to the highest standards of product safety, quality, and business integrity when dealing with business partners.

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As a listed company on the Stock Exchange of Thailand (SET), Indorama Ventures adopted a policy to ensure the Company is in compliance with the regulations of the SET and the Securities and Exchange Commission (SEC), Thailand.

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Indorama Ventures is committed to conducting our operations in accordance with principles of good corporate governance and considers this a major factor in contributing to our overall success as a responsible member in society.

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Indorama Ventures values diversity at all levels of the Company and in all that we do. We recognize that each employee brings their own unique capabilities, experience and characteristics to their work.

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Indorama Ventures Public Company Limited

The Company has a policy to pay a total dividend of not less than 30% of the net profit after tax and appropriation to legal reserve. However, the Board of Directors shall have the authority to consider waiving or amending such dividend policy subject to the condition that it will bring the greatest benefit to the shareholders, such as to use such portion of the net profit as reserve for debt repayment, capital investment for production expansion or as a support in case of changing market conditions which would affect the company’s future cash flows.

Subsidiaries

The payout of dividend by the IVL subsidiaries to IVL is up to 80% of their net profit after tax and after appropriation of legal reserve. However the Board of Directors of the subsidiaries will consider the dividend payment, and may amend the dividend policy, by taking into account the reserves for debt payment, capital investment, changing market conditions or as required to manage future cash flows.

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Indorama Ventures is committed to preventing and reducing any adverse impacts on the environment from our activities and seeks similar commitments from our suppliers

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Indorama Ventures believes that excellence in health and safety supports excellent business results, and that everyone has a role to play in preventing injuries and illnesses. To achieve these goals, health and safety is integrated into all business management processes.

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We recognize that HIV/AIDS affects communities around the world. We ensure that HIV/AIDS cases are treated with compassion, non-discrimination, awareness, prevention and with medical support.

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Indorama Ventures strongly believes in respecting all human rights. We avoid infringing on human rights, avoid complicity in abuses by others, and comply with the laws of the countries in where we have operations.

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We respect the Intellectual Property Rights (IPR) of others, and we expect that they respect ours as we are a developer and owner of intellectual property including copyrights, patents, trademarks, and trade secrets.

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All directors, executives, and employees of the Company shall keep all internal information confidential unless otherwise authorized for the purpose of the Company's operations.

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Indorama Ventures is committed to the highest standards of product safety, quality, and business integrity in order to meet our customers’ expectations and satisfaction.

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Indorama Ventures is committed to treating all shareholders equally and fairly. It is our utmost priority to protect shareholders’ rights irrespective of their shareholding and to encourage them to exercise their rights as outlined in relevant laws.

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Indorama Ventures believes in sourcing goods and services from trading partners and creditors who operate ethically. We aim to work with organizations that share our values and aspirations.

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Indorama Ventures adopted a policy to enable employees who observe any unethical practice (regardless if it’s a violation of the law), to approach the Whistleblower Committee without having to inform their line managers and without revealing their identity.

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