Bangkok, Thailand – 25 January 2019 – 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 and GICS100 Chemical Companies 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).
Indorama Ventures is headquartered in Bangkok, Thailand with global operating sites in
|EMEA:||The Netherlands, Germany, Ireland, France, UK, Italy, Denmark, Lithuania, Poland, Czech Republic, Luxembourg, Spain, Turkey, Nigeria, Ghana, Portugal, Israel, Egypt, Russia, Slovakia|
|Americas:||USA, Mexico, Canada, Brazil|
|Asia:||Thailand, Indonesia, China, India, the Philippines, Myanmar|
Tel: +662.661.6661 ext. 680
Tel: +662.661.6661 ext. 247
This document contains "forward-looking statements" about the financial condition and results of operations of Indorama Ventures Public Company Limited (the "Company"), which are based on management's current beliefs, assumptions, expectations and projections about future economic performance and events, considering the information currently available to the management. Any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "plans", "could", "should, "predicts", "projects", "estimates", "foresees" or similar expressions or the negative thereof, identify or signal the presence of forward-looking statements as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of the Company.