Priorities
Environment
We encourage increased recycling, engage in numerous campaigns to promote its value as well as to support the circular economy. By focusing on schools, universities, and communities, we hope to encourage awareness among children and youth, and demonstrate how PET can be recycled, and that recycling PET can protect the environment, reduce energy use, and create jobs. We also aim to be a business that enables increased collaborations and partnerships across borders in order to drive collective social and environmental impacts at scale. We play a leading role in environmental responsibility and protection through a recycling. Meanwhile, we take action to combat climate change by using more renewable energy, increasing innovation and production of low-carbon products, and reducing GHG.
Business KPI
- Climate change protection and plastic waste crisis
- By making available more number of post consumed PET bottles helps achieving corporate target of recycling 750,000 tons PCR PET or 50 billion bottles per year by 2025
- Increased availability of raw materials
- Number of partners/collaborators working with IVL on projects to educate both public sector and private organizations.
Social KPI
- Reduce PET plastic waste to environment (landfill and ocean littering)
- Improving PET plastic waste collection management infrastructure
- Reduce carbon footprint from PET bottles recycled which will be a feedstock for virgin PET
CSR Projects in Environment
Knowledge
The basic premise of education lies in its ability to provide relevant and effective learning outcomes for productive employment and decent work across our value chain. We implement hiring and training programs that focus on universities, vocational education for women, youth, and marginalized persons in our communities, with a special focus on science, technology, engineering, and mathematics (STEM) to ensure they have access and can become future employees, and to create meaningful jobs contributing to good health and well-being. For recycling education, we hope to increase awareness about the benefits of separating waste, the importance of recycling and convincing people to join this effort and reducing waste to landfill.
Business KPI
- Increased availability of raw materials to help achieving target of recycling 50 billion bottles per year by 2025.
- To make right understanding and perception of Plastics, especially PET,manufacturing of which is our core business
- Enhance the reputation and brand image of the company to attract young talent, especially with Gen Z, who prefers to work for sustainability focused companies.
- Avoid the processing problems and downtime when having better quality of raw materials fed to recycling unit
- Number of people joining the workforce through better STEM education
- Positive acknowledgement and acceptance by the community
- Number of employee volunteer hours Engagement Index (i.e. communities, employees)
Social/Environment KPI
1) Recycling education KPIs
- Increase in the number of recycling awareness projects.
- Increase in the number of funded projects in organizations that promote environmental stewardship and biodiversity
- Increase in the number of people trained/participated.
- Increase in the number of collaborators working with IVL for expanding the recycling awareness program
- Embed environmental responsible mindsets.
2) STEM Education KPIs
- Number of students, youth, teachers and local community members involved
- Number of students and youth join the internship program
- Number of disadvantaged people supported
CSR Projects in Education
Well-being
We aim to strengthen the capacity of the communities where we work and live by focusing on risk reduction and the management of health risks by improving local standards of living, and extending health provisions to the families of employees and the surrounding community ensuring access to safe, effective, and affordable essential medicines.
Business KPI
- Increase employees’ health protection and families, easy to access the good service
- Increased trustworthiness and acceptance in community around our facility
- Enhance the company's branding and reputation
Social/Environment KPIs
- Improve wellbeing and welfare of the community
- Improve health awareness services and access to better healthcare and infrastructure
- Increase number of items/products donated to the community
- Improve number of CSR initiatives that are enhancing livelihoods of local communities
- Reduce number of social grievances received through formal grievance process
