04.27.23
Indorama Ventures has joined “Together for Sustainability” (TfS), a global initiative for sustainable supply chains. Indorama Ventures joins a network of 47 TfS member companies representing the global chemical industry, reinforcing its commitment to driving sustainable solutions in its supply chain management.
Yash Lohia, Chairman of the ESG Council at Indorama Ventures, said, “Together, we must pursue the path of sustainability within our value chain. At Indorama Ventures, our sustainability strategy is built on partnerships and collaboration. With our purpose of reimagining chemistry together to create a better world, we are pleased to join ‘Together for Sustainability’ and stand with our peers in the chemical sector to enhance our joint decarbonization journey.”
By joining TfS, Indorama Ventures is encouraging suppliers to meet high sustainability standards, reduce the risk of supply chain disruptions, and improve overall climate maturity. The collaboration will help foster an expansion of the company’s sustainable supply chain program. The company will contribute to the TfS Scope 3 Greenhouse Gas (GHG) workstream that developed and finetunes the Guideline for calculating Product Carbon Footprints (PCFs) in the chemical industry and beyond and, will develop an IT solution that will enable companies to share PCFs efficiently. This membership allows Indorama Ventures to further align with the UN Global Compact Principles.
Through this initiative, Indorama Ventures will also be partnering with EcoVadis to assess our suppliers to identify risks and opportunities along the value chain, improve sustainability practices, and encourage collaboration among members.
Yash Lohia, Chairman of the ESG Council at Indorama Ventures, said, “Together, we must pursue the path of sustainability within our value chain. At Indorama Ventures, our sustainability strategy is built on partnerships and collaboration. With our purpose of reimagining chemistry together to create a better world, we are pleased to join ‘Together for Sustainability’ and stand with our peers in the chemical sector to enhance our joint decarbonization journey.”
By joining TfS, Indorama Ventures is encouraging suppliers to meet high sustainability standards, reduce the risk of supply chain disruptions, and improve overall climate maturity. The collaboration will help foster an expansion of the company’s sustainable supply chain program. The company will contribute to the TfS Scope 3 Greenhouse Gas (GHG) workstream that developed and finetunes the Guideline for calculating Product Carbon Footprints (PCFs) in the chemical industry and beyond and, will develop an IT solution that will enable companies to share PCFs efficiently. This membership allows Indorama Ventures to further align with the UN Global Compact Principles.
Through this initiative, Indorama Ventures will also be partnering with EcoVadis to assess our suppliers to identify risks and opportunities along the value chain, improve sustainability practices, and encourage collaboration among members.