Questions around this news
How long has Indorama Ventures been included in the DJSI World and DJSI Emerging Markets?
The release says Indorama Ventures was selected for the DJSI World for the fifth consecutive year and for the DJSI Emerging Markets for the seventh year in a row. It also reports a Corporate Sustainability Assessment score of 73 out of 100 and a ranking in the 92nd percentile among the eligible chemical companies.
What do the Dow Jones Sustainability Indices assess?
The Dow Jones Sustainability Indices are benchmarks that track companies based on environmental, social and governance considerations alongside business-related criteria. Their assessments can cover topics such as climate strategy, labor practices, ethics and resource use. Index inclusion indicates that a company met the relevant assessment criteria; it is not a guarantee of future performance.
What does open innovation mean in this announcement?
Open innovation is an approach in which an organization works with people or institutions outside its own boundaries to develop or improve ideas, products or processes. Collaborators may include customers, suppliers, researchers or academic institutions. The approach can bring in expertise and perspectives that are not available solely within the organization.
Bangkok, Thailand , December 19, 2023 -- Indorama Ventures Public Company Limited, a global sustainable chemical company, has been selected for inclusion in the Dow Jones Sustainability World Index (DJSI World) for the fifth consecutive year and the Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets) for the seventh year in a row. The continued inclusion reflects the company's commitment to sustainability and robust ESG practices.
Indorama Ventures ranked in the 92nd percentile amongst 11 chemical companies eligible for listing out of 89 chemical companies invited, with a Corporate Sustainability Assessment (CSA) Score of 73 out of 100. The score reflects the company’s best-in-class performance in innovation management, covering product innovation, process innovation, and open innovation, which involves collaborative research and development with external organizations such as customers, suppliers, brand owners, and academic institutions. It also recognizes the company’s achievements in decarbonization, climate change resiliency and adaptation, plastic waste management and recycling, corporate social responsibility, and contribution to the Sustainable Development Goals (SDGs).
Yash Lohia, Chairman of the ESG Council at Indorama Ventures, stated, "We are honored to be included in the Dow Jones Sustainability Indices for another year, reaffirming our leadership, excellence, and pioneering approaches to sustainability and innovation. Our dedication to addressing global challenges and contributing to a more circular future remains unwavering. This milestone underlines our purpose of reimagining chemistry together to create a better world.”
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At a glance
- Company
- Indorama Ventures Public Company Limited
- Announcement
- Award
- Location
- Bangkok, Thailand
Key figures
- Corporate Sustainability Assessment score
- 73 out of 100
- Percentile among eligible chemical companies
- 92nd percentile
- Eligible chemical companies
- 11
- Chemical companies invited
- 89
People
- Yash LohiaChairman of the ESG Council at Indorama Ventures
Earlier from Indorama Ventures Public Company Limited
- Indorama Ventures showcases sustainability solutions at COP28
- Indorama Ventures continues partnership with BMA's Department of Education on the “Sustainable Plastic Waste Management” project for the second year
- Indorama Ventures shares its sustainability commitments with the Thai government at the Sustainability Expo 2023
- Indorama Ventures showcases sustainable solutions for a greener future at Sustainability Expo 2023
