Indorama Ventures rises to industry leader with ratings upgrade

Indorama Ventures Public Company Limited, a global sustainable chemical producer, was upgraded to “A” from “BBB” in MSCI’s ESG rating, favorably reaffirming the company’s management of sustainability related risks and opportunities.

MSCI (Morgan Stanley Capital International), an independent provider of research-based indices and analytics, ranked Indorama Ventures among the top 14% of 65 companies worldwide in the commodity chemicals industry.

The rating has placed Indorama in the top quartile for opportunities in clean tech, water stress, corporate governance and corporate behavior.

Indorama Ventures has a reported commitment to reducing water intensity by 10% by 2025 and 20% by 2030, developed a Water Risk Assessment Report on its contributions to achieving sustainable management of water targets and the United Nations Sustainable Development Goals (UN SDGs) and is investing in recycling technology and biomass feedstock under its Vision 2030, as well as operational efficiencies, carbon capture technology, renewable energy, and phasing out coal to reduce Scope 1 and Scope 2 greenhouse gas emissions.

“We are proud to achieve the rating of ‘A,’ which underscores our efforts to build resilience around ESG risks, aligned with our purpose of reimagining chemistry together to create a better world,” said Yash Lohia, chairman of the ESG Council at Indorama Ventures.

MSCI ESG Ratings that measure a company’s resilience to long-term ESG risks, scoring on an industry-relative AAA-CCC scale across key issues based on a company’s business model, are typically relied upon by investors, including pension funds, sovereign wealth funds, endowments and asset managers to gauge risk.