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.