Impact and dependencies assessment
Indorama Ventures has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies.
Key areas and species
Indorama Ventures does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency in this regard.
Ecosystem conversion and restoration
No evidence was found regarding the company’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. Indorama Ventures has an opportunity to develop a strategy and publicly report on specific, time-bound targets.
Resource exploitation and circularity
Indorama Ventures does not report quantitatively on its group-wide circularity performance. Neither does it disclose efforts to improve soil health.
Water
No evidence was found that Indorama Ventures reduces water withdrawal across the company’s own operations. While the company states that it targets a 10% reduction in water intensity by 2025 compared to 2020 levels, no targets could be found with regard to total water withdrawals. Indorama Ventures reports how much water is withdrawn for its own operations in water-stressed areas, but it does not engage with suppliers to reduce their water withdrawal. Although the company regularly reports on water pollution, it does not report a decrease, nor does it disclose its processes for managing and monitoring discharge water quality. It also does not disclose targets to reduce water pollution. Indorama Ventures does not disclose a commitment to respect the right to water. The company does not disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations.
Solid and air pollution
Indorama Ventures does not disclose a commitment to avoid developing or marketing new chemicals or products with SVHC (substance of very high concern) properties. No evidence was found that the company is reducing the production of hazardous waste, nor of plastic use and waste. The company reports regularly on air quality parameters of emissions of harmful air pollutants, however it does not report time-bound targets to reduce air pollutants across the most material parts of its value chain.
GHG emissions
No evidence that Indorama Ventures reduces its scope 1 and 2 greenhouse gas emissions was found. While the company has targets to reduce greenhouse gas emissions intensity, no evidence could be found that these targets will lead to an overall reduction in total GHG emissions. Although the company reports having set targets in order to support the Paris Climate Agreement, and has committed to having its targets aligned by the Science Based Targets initiative, no clear evidence could be found suggesting the current targets related to a reduction in greenhouse gas emissions’ intensity will be aligned with a 1.5 climate target. No evidence that Indorama Ventures reduces its scope 3 emissions was found, nor that it has a time-bound target to reduce them.
Invasive species
Indorama Ventures has not identified any activities that could lead to the introduction of invasive alien species in its own operations.
