Increasing water stress, droughts, floods, and a rise in sea levels are growing concerns both in the developed and developing regions of the world. The Global Risks Report 2016 lists the water crisis among the top 10 global risks in terms of likelihood and number three in terms of impact.

In Indorama Ventures PCL (‘the Company or IVL”), we use water for various applications in the plant operation and is obtained from multiple sources in compliance with applicable laws and regulations. Sufficient quantity of good quality water is becoming scarcity in the world. IVL is aware of this and wants to demonstrate its responsibility through its efficient water management stewardship.

We have effective risk management system in place and regularly assess our exposure to water related risks.

IVL uses Global WBCSD (World Business Council for Sustainable Development) water tool to:

  • Provide basic-level data aggregation and water resources graphics for all of our sites.
  • Monitor the water scarcity worldwide throughout our operating sites so as to take necessary action on short term and long term basis.
IVL Water Management Policy:

IVL is committed to comply with all applicable environmental laws, regulations, international standards, procedures and regulations of the countries in which the Company has business operations pertaining to water management (water withdrawal and discharge including effluent) and is proactive in demonstrating leadership in sustainability including efficient water management in line with one of its values, ‘We are responsible’.

While focusing on business performance and objectives, IVL is committed to reduce water intensity and minimize water related risks globally through its enterprise risk management and create sustainable business value.

This water policy is a key component of the IVL Group EHS policy which mandates environmental stewardship, environmental protection, and efficient use of natural resources.

IVL is fully committed to improve its efficiency of water management through:

  • Ensuring compliance with environmental laws and regulations
  • Regular communication / coordination with local regulatory authorities / water suppliers to monitor water situation and mitigation measures.
  • Responsible use of water including monitoring of water consumption with focus on reduction of water intensity on per ton production basis.
  • Development of eco-friendly products through process innovation.
  • Systematic tracking of water related risks to the company and local communities.
  • Quantifying and monitoring our water usage and discharge, as well as the potential effects on the surrounding environment, with the aim of improving performance.
  • Regular increase of water recycles and reuses.
  • Setting yearly targets for total fresh water consumption and water intensity.
  • Monitoring of total yearly water operating costs for all of its sites including the impact of increase in Fresh water cost worldwide for our operations
  • To managing and reducing effluents
  • Initiate incident investigation and corrective action, and report on non-compliances
IVL Water Management Strategy:
  • IVL is aware of its responsibility, and has adopted a Sustainability Vision and Commitments Framework as part of our new Vision, Mission and Values. IVL being committed has been focusing on integration of responsible water use in our sustainability strategy.
  • IVL is committed to a comprehensive Corporate Global Water Strategy, which mandates continuous improvement in water management by assessing and implementing technologies and processes to facilitate responsible use of water in its operations.
Water Risk Management:

We conduct a water sensitivity analysis using the AQUEDUCT Water Risk tool developed by World Resources Institute (WRI) to identify water stress locations. The tool helps us to evaluate change in water demand, water supply, risk from stakeholder and change in regulation based upon current and future condition. Given the tool enable us to foresee the changes to water risk forecasting on 2020, 2030 and 2040, these results had been analyzed and discussed during meeting of risk assessment committee to identify necessary mitigation measures or any initiatives on quarterly basis, where the plants locating in high risk water stress or locating under significant risks to water usage.