What Was The Goal?
The Company’s sustainability reports were lengthy with a heavy reliance on technical jargon, making it difficult for stakeholders to identify relevant information. Consequently, it was challenging to navigate the report to locate disclosures.
They sought the Aubrens’ expertise to improve the quality of their sustainability reports and close gaps in information.
Solution:
- Sustainability Reporting: Aubrens conducted a gap analysis and enhanced the visual representation of data, initiatives and progress to showcase strategic achievements in alignment with ESG aspirations.
- Double Materiality Assessment: Performed an assessment to identify potential and real risk and opportunities associated with Indorama Ventures’ most material issues as well as their financial importance.
Results:
- Interlinkages between Indorama Ventures’ business strategies and sustainability achievements were clearly outlined, enhancing stakeholder engagement and the Company’s visibility and branding.
- Sustainability disclosures have seen improved quality, improved clarity, and completeness as well as provided a head start on EU’s CSRD disclosures.
- Indorama Ventures has a clearer lens on sustainability integration within the business, taking into account the financial implications of sustainability trends on the organisation.
Summing Up
Through Aubren’s consultation, Indorama Ventures sustainability disclosures are clear and concise, seeing significant improvement on their ESG scores on global sustainability ratings and recognitions. The addition of financial considerations to material matters has further elevated Indorama Ventures’ sustainability agenda, providing access to over $2.4 billion in sustainability-linked financing.
