One of the top sustainable chemical firms in the world, Indorama Ventures Public Company Limited (IVL), has joined “Together for Sustainability” (TfS), a global movement for sustainable supply chains. Indorama Ventures strengthens its commitment to advancing sustainable supply chain management by joining a network of 47 TfS member businesses that represent the worldwide chemical industry.
We must work together to follow the sustainable path throughout our value chain, according to Yash Lohia, Chairman of the ESG Council of Indorama Ventures. Our sustainability strategy at Indorama Ventures is based on partnerships and teamwork. We are happy to join ‘Together for Sustainability’ and stand with our peers in the chemical sector to advance our shared decarbonization journey with the goal of rethinking chemistry together to create a better future.
ByWith Indorama Ventures’ participation in TfS, suppliers are being urged to adhere to strict sustainability requirements, lessen the possibility of supply chain disruptions, and advance global climate maturity. The partnership will encourage the company’s sustainable supply chain programme to grow. The organisation will contribute to the TfS Scope 3 Greenhouse Gas (GHG) workstream that created and improved the Guidelines for estimating Product Carbon Footprints (PCFs) in the chemical sector and beyond. Additionally, the organisation will provide an IT solution that will allow businesses to share PCFs effectively. Indorama Ventures is able to better align with the UN Global Compact Principles thanks to this participation.
As part of this programme, EcoVadis and Indorama Ventures will review our suppliers to find risks and opportunities along the value chain, enhance sustainable practises, and more. promote cooperation among participants.”Higher supply chain standards enable us to further our vision of being a sustainable chemical company, to meet our customers’ expectations for greater transparency, and to ensure we are taking serious steps to reduce our environmental impact,” Yash Lohia continued.
The president of Together for Sustainability, Bertrand Conquéret, said, “Welcome to the Indorama Ventures team! The entrance of Indorama Ventures improves TfS’s standing internationally. We will continue to broaden our sphere of influence and have a greater impact on the sustainability of chemical supply chains globally, working together with our strategic partners. The demand for sustainable enterprises is only going to grow given the regulatory environment, the climate problem, and the market circumstances. TfS is a critical component of supply chains and corporate success. generally more resilient and sustainable, and they contribute to the creation of a better world.
