Bangkok, Thailand – 11 February 2020 – Indorama Ventures Public Company Limited (IVL), a global chemical producer, has been selected as a member of the FTSE 4 Good Index Series for the fourth consecutive year following the December 2019 index review. With an increase in overall score from 4.3 in 2019 to 4.6 in 2020 - the highest ESG score out of all chemical companies, IVL has been notably acknowledged in areas including corporate governance, pollution & resources and climate change, standing at the top amongst included chemical companies. The company has also been highly ranked in risk management and gas emissions reduction from an international non-profit organization in climate change area for the fourth consecutive year.
Mr. Richard Jones, Senior Vice President, Head of Corporate Communication and Sustainability at IVL, stated “IVL commences our sustainability performance in 2020 with an achievement from FTSE Russell, approved as a member of the FTSE4Good Index Series which is designed to measure the performance of companies in environmental, social and governance (ESG) practices.”
In addition, IVL received a B Rating in Climate Change for the fourth consecutive year by The CDP, an international non-profit organization in climate change that drives sustainable economies covering over 1,000 companies worldwide.
“Being recognized by global organizations reflects IVL’s continuous development in sustainability and our commitment to economic, social and environmental responsibility towards the benefit of all stakeholders. By focusing on recycling development, lowering the carbon footprint, increasing renewable energy sources, developing human capital, and innovative products, we aim to fulfill a circular economy and efficiently serve the needs of our customers. Furthermore, IVL has taken action in climate change problems by enhancing energy efficiency in business operations as well as disclosing social and environmental policy and performance to stakeholders.” Mr. Richard concluded.
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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 Pacific, Europe and Americas. The company’s portfolio comprises Integrated PET, Olefins, Fibers, Packaging and Specialty Chemicals. Indorama Ventures products serve major FMCG and automotive sectors, i.e. beverages, hygiene, personal care, tire and safety segments. Indorama Ventures has approx. 20,000 employees worldwide and consolidated revenue of US$ 10.7 billion in 2018. The Company is listed in the Dow Jones Emerging Markets and World Sustainability Indices (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, Austria, Bulgaria|
|Americas:||USA, Mexico, Canada, Brazil|
|Asia Pacific:||Thailand, Indonesia, China, India, the Philippines, Myanmar, Australia|
Tel: +662.661.6661 ext. 680
Tel: +662.661.6661 ext. 247
Kornnika Berananda, PR Consultant, Five W&H
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. Results given here are “Core”, which means excluding inventory gain/losses and one-time extraordinary items.
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