Indorama earns sustainability recognition

Thailand-based plastics producer Indorama Ventures has been awarded a platinum medal after undergoing an EcoVadis Sustainability Assessment. The designation from Paris-based EcoVadis underscores its “unwavering commitment to sustainability," according to Indorama.

Indorama Ventures participates in the annual EcoVadis assessment to measure its sustainable practices. In the evaluation for 2024, the platinum medal the company achieved resulted from a score of 80 in the assessment, surpassing last year’s score of 77.

The company says it is ranked in the top 1 percent of all companies assessed within the chemicals sector and demonstrated "above industry-average performance" in all four assessment areas: environment, labor human rights, ethics and sustainable procurement.

In terms of materials procurement, Indorama has invested heavily in recycling capacity in several parts of the world, with a focus on polyethylene terephthalate (PET) plastic packaging. The recycling effort has been spearheaded by Yash Lohia, chair of the Environmental, Social and Governance (ESG) Council at Indorama Ventures.

“Recognition by EcoVadis is a key achievement in Indorama Ventures’ sustainability journey and best-in-class performance,” Lohia says. “Our commitment to sustainability extends across our business and the entire supply chain. We are proud to be recognized for our collaboration with suppliers to enhance sustainable practices and efforts to help our customers reach their sustainability goals.”

EcoVadis provides business sustainability ratings that evaluate companies in more than 200 industry sectors in 175 countries.