Questions around this news
What recognition did Indorama Ventures receive?
Indorama Ventures received Silver Level recognition in the 2024 AMCHAM Corporate Social Impact Awards. The release says this was the company’s third consecutive year of recognition. The award was presented by U.S. Ambassador to Thailand Robert F. Godec, and the company was among the final three following the evaluation process.
What does the shared value approach mean in corporate social responsibility?
A shared value approach aims to create benefits for society while also supporting a business’s ability to operate and succeed. It connects social needs with business activities, rather than treating community initiatives as separate from the company’s core operations. The specific priorities and programs depend on the organization and its context.
What is a circular economy?
A circular economy is an approach to producing and using goods that seeks to keep materials and products in use for longer. It can involve designing for durability, repair, reuse, and recycling, with the aim of reducing waste and demand for newly extracted resources compared with a linear take-make-dispose model.
Bangkok, December 24, 2024 -- Indorama Ventures Public Company Limited, a global sustainable chemical company, proudly received the prestigious Silver Level recognition at the 2024 AMCHAM Corporate Social Impact Awards.
The achievement marks the third consecutive year Indorama Ventures has been recognized by the American Chamber of Commerce in Thailand (AMCHAM) for its unwavering commitment to impactful and sustainable community initiatives and corporate social responsibility (CSR). The award was presented by U.S. Ambassador to Thailand, Mr. Robert F. Godec.
This year's Corporate Social Impact Awards presented certificates to 114 companies for their dedication to the betterment of society in Thailand. Indorama Ventures secured a position among the final three following a rigorous evaluation process, including in-depth interviews with industry experts, NGOs, United Nations representatives, and U.S. embassy officials. This award illustrates the integration of Corporate Social Responsibility into business operations and models.
Indorama Ventures' CSR strategy is built on the "shared value to society" concept, focusing on creating mutual benefits for both society and business. This vision harnesses the company’s resources to address social challenges, empower communities, and inspire individuals to champion a circular economy. Through this commitment, Indorama Ventures strives to achieve a collective impact that multiplies positive social and environmental outcomes, fostering a sustainable future in collaboration with the next generation.
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At a glance
- Company
- Indorama Ventures Public Company Limited
- Announcement
- Award
- Location
- Bangkok, Thailand
Key figures
- Consecutive years recognized
- third consecutive year
- Companies receiving certificates
- 114 companies
- Final position
- final three
People
- Robert F. GodecU.S. Ambassador to Thailand
Earlier from Indorama Ventures Public Company Limited
- Indorama Ventures Becomes Thailand's First ‘Full Circularity’ Recycling Partner at 808 Festival 2024
- Circular Innovation Challenge Alumni Design Sprint 2024: Empowering youth to address sustainability challenges
- Indorama Ventures launches RECO Collective 2025: Empowering SMEs to create diverse products from recycled PET for a sustainable future
- Indorama Ventures showcases sustainability innovation at COP29 in Azerbaijan
- Indorama Ventures and BMA celebrate the success of the “Sustainable Plastic Waste Management Project Year 2”
