Bangkok, Thailand, May 14, 2024 -- Indorama Ventures Public Company Limited, a global sustainable chemical company, announced that MSCI awarded the company an upgraded ‘AA’ from ‘A’ rating, ranking it in the ‘Leader’ category for its Environmental, Social, and Governance (ESG) performance towards achieving its ongoing sustainability goals and commitments.
Morgan Stanley Capital International (MSCI), a leading provider of research-driven indices and analytics, ranked Indorama Ventures among the top 12% of 57 global companies in the commodity chemicals sector. This upgraded rating illustrates Indorama Ventures’ performance to exceed industry peers while minimizing its environmental footprint.
Questions around this news
What do MSCI ESG ratings assess?
MSCI ESG ratings assess how a company manages environmental, social, and governance risks and opportunities that may be relevant to its business. They compare companies with industry peers, offering investors one way to consider sustainability-related factors alongside other information when evaluating a company.
What is the range of MSCI ESG ratings?
The release describes a scale running from AAA at the highest end to CCC at the lowest. It says the ratings are intended to provide a data-driven comparison of company performance on sustainability criteria and to help inform investment decisions.
What are commodity chemicals?
Commodity chemicals are chemicals produced in large volumes and generally sold as standardized materials for use in manufacturing and other industries. They differ from specialty chemicals, which are typically designed for more specific applications or performance requirements.
Yash Lohia, Chairman of the ESG Council at Indorama Ventures, said: “We are immensely proud of our upgrade to an 'AA' MSCI ESG rating, which not only highlights our dedication to sustainable operational excellence but also aligns with our purpose of reimagining chemistry together to create a better world. This recognition is a testament to our unwavering commitment to environmental stewardship, ethical governance, and social responsibility.”
The MSCI ESG Ratings play a pivotal role in guiding investor decisions and offer insights into how well companies address key long-term ESG risks and opportunities compared to their industry peers. These ratings range from AAA (highest) to CCC (lowest), providing a transparent, data-driven benchmark that helps guide investment decisions based on sustainability criteria.
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At a glance
- Company
- Indorama Ventures Public Company Limited
- Announcement
- Award
- Location
- Bangkok, Thailand
Key figures
- Previous MSCI ESG rating
- ‘A’
- Upgraded MSCI ESG rating
- ‘AA’
- Position among global commodity chemicals companies
- top 12% of 57
- MSCI ESG rating scale
- AAA to CCC
People
- Yash LohiaChairman of the ESG Council at Indorama Ventures
Earlier from Indorama Ventures Public Company Limited
- Indorama Ventures raises US$500 million through a syndicated loan from HSBC and Standard Chartered Bank
- Indorama Ventures raises US$255 million through Ninja loan as part of refinancing program
- ‘Waste Hero’ recycling education program delivers significant social value in Indonesia and the Philippines
- Indorama Ventures’ THB 10 billion debenture issuance draws strong interest from investors
- Indorama Ventures evolves its business strategy as it pivots towards structural shifts in the global chemical industry
