Indorama Ventures
Indorama Ventures Public Company Limited, commonly known as Indorama Ventures, is a leading global player in the petrochemical industry, headquartered in India. Founded in 1994, the company has established a strong presence across major operational regions, including Asia, Europe, and the Americas. Specialising in the production of polyester, PET resins, and other related products, Indorama Ventures is recognised for its commitment to sustainability and innovation. The company has achieved significant milestones, including becoming one of the largest producers of PET globally, which underscores its market position and dedication to quality. With a diverse portfolio that includes fibres, packaging, and industrial products, Indorama Ventures stands out for its focus on environmentally friendly practices and advanced technologies, making it a key player in the evolving petrochemical landscape.
DitchCarbon Score
How does Indorama Ventures's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Indorama Ventures's score of 19 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Indorama Ventures's reported carbon emissions
In 2021, Indorama Ventures reported total carbon emissions of approximately 7,247,667,000 kg CO2e for Scope 1 and 2 emissions combined, with Scope 1 emissions at about 7,247,667,000 kg CO2e and Scope 2 emissions at approximately 2,485,210,000 kg CO2e. The company also disclosed Scope 3 emissions, which included about 35,879,000 kg CO2e from business travel and approximately 60,259,000 kg CO2e from waste generated in operations, alongside about 2,794,618,000 kg CO2e from fuel and energy-related activities. Indorama Ventures has set ambitious climate commitments, including a target to achieve a 30% reduction in GHG intensity (Scope 1 and 2) by 2030 from 2020 levels. Additionally, the company aims for a 10% reduction in combined GHG intensity by 2025 from 2020 levels. They have also committed to becoming a carbon-neutral company by 2050, with interim targets for significant reductions in emissions intensity across both Scope 1 and Scope 2. The company is part of the UN’s Net Zero Coalition Program, with specific targets to reduce GHG emissions per ton produced by 25% by 2030, aiming for 0.35 ton CO2 per ton produced. These initiatives reflect Indorama Ventures's commitment to sustainability and reducing its carbon footprint in the chemicals sector. Data on emissions and targets are cascaded from Indorama Ventures Public Company Limited, indicating a structured approach to climate accountability within its corporate family.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 7,035,992,000 | 0,000,000,000 |
| Scope 2 | 2,412,779,000 | 0,000,000,000 |
| Scope 3 | - | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Indorama Ventures is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
