Sustainability
Reimagine chemistry together to create a better world.
For us, sustainability is strategic to ensuring the continuation of our business and leaving a legacy for society.
We reaffirm our commitment to sustainability through our 2030 strategy, with goals that will leverage our environmental, social, and economic actions.
This effort is now being stepped up in the sum of initiatives we call +Sustainability.
Indovinya Sustainability Strategy
SUSTAINABILITY
to meet society’s and the planet's needs through our chemistry.
Respect for the planet
Manage environmental impacts to preserve habitats and species, optimize natural resource use, minimize waste and emissions, and enhance business resilience to mitigate climate change effects.
Care for people
Integrate social, environmental, and ethical factors into supplier selection and development, build initiatives with local communities, develop employee potential, and promote the best practices to protect our people and assets.
Integrity and Governance
Uphold responsible corporate behavior with integrity, adhering to laws and company values, treating stakeholders fairly, and effectively managing risks and crises to sustain business continuity.
Sustainable Solutions
Develop products that are sustainably sourced and manufactured, and that can also provide environmental, social and economic benefits while protecting public health and the environment over their entire life cycle.
Check out our progress by clicking on the pillars below.
Sustainable
Solutions
SGD | Material Topic | Target | Q4 2024 Result | Status | Keypoints |
|---|---|---|---|---|---|
 | Sustainable Products | Have 15% of revenue from sustainable products* by 2025. | 15.3% |  | • In 2024, 83 products representing 166 applications were evaluated on PSA • Products that represent 15.3% of Indovinya’s revenue were classified as sustainable, leading the company to achieve its 2025 target. |
Have 50% of new products launched from 2025 and beyond classified as sustainable*. | 68% | | • 31 projects in launch stage were evaluated, and out of those, 21 were classified as Performer or Leader, which makes 68% of the new launches as sustainable |
Integrity
and Governance
SGD | Material Topic | Target | Q4 2024 Result | Status | Keypoints |
|---|---|---|---|---|---|
 | Business Ethics and Compliance | Continue to improve the Compliance Program, focusing on market recognition of Indovinya’s commitment to high standards of Business Ethics. | – |  | • Successful Launch of the Indovinya Compliance Program in India, Australia and South America. • Mandatory training on the Corporate Governance Manual available on training platforms specific to each region. |
Risk and Crisis Management | Manage potential risks and threats, ensuring the continuity of our business. | – | | • Risk profile development concluded for most plants and R&D facilities, with Dashboard deployment. |
Care
for people
SGD | Material Topic | Target | Q4 2024 Result | Status | Keypoints |
|---|---|---|---|---|---|
 | Responsible Sourcing | Assess 95% of critical suppliers on sustainability performance by 2025. | 80% |  | • Achievement of Together for Sustainabilty 2024 targets. |
Have 80% of critical suppliers on Responsible Sourcing program improve their performance by 2030. | 59% | | • Discussions of the sustainability assessments targets with Together for Sustainability for 2025. | ||
Community Relations | Support 100,000 people through STEM education by 2030 (baseline 2022). | 42,712 |  | • Official Launch of the Connect Volunteering Platform.
Launch of the Volunteer Handbook for all employees. | |
Human Capital | Be an increasingly diverse, welcoming and inclusive company, by guaranteeing equal opportunities for all. | – | | • International day of the people with disabilities – live streaming, • Global Newsletter reinforcing Diversity Initiatives, groups and members. | |
Implement programs to ensure well-being, development, talent attraction and retention | – | | • Empower Program launched and finalized in Q4 2024. | ||
Safety | Maintain and continue to reduce our worldwide process safety events and recordable injury illness rates at industry-leading* levels. | – | | • No recordable Occupational or Process Safety Events were reported in Q4. |
Respect
for the planet
SGD | Material Topic | Target | Q4 2024 Result | Status | Keypoints |
|---|---|---|---|---|---|
 | Climate Change | Reduce 30% GHG emissions in Scopes 1 & 2 intensity by 2030 and be Net Zero by 2050 (baseline 2020). | 0.76 ton CO₂/ton prod. |  | • Despite the 8% increase compared to the baseline, it is within the decarbonization plan. Emissions are only expected to decrease in 2027 when the main decarbonization projects are implemented. |
Reduce absolute scope 3 emissions (category 1) in 15% by 2030 (baseline 2022). | – |  | • Inclusion in Sigreen of the main South America suppliers for the validation of scope 3 carbon emissions. | ||
Implement an action plan to address climate risks by 2030. | – | | • Climate risk study was finalized. | ||
Eco-efficient operations | Reduce 20% in water withdrawal intensity in water-stressed areas by 2030 (baseline 2022). | 3.4 m³/ton prod. | | • Despite a ~5% increase in water consumption in water-stressed regions by 2024, a study is underway to make water reuse feasible for one of the main plants in this condition. | |
Reduce 10% of hazardous waste generation per ton produced by 2030 (baseline 2022). | 1.16 kg/ton prod. | | In 2024 there was a ~58% decrease in the generation of hazardous waste compared to the 2022 baseline. | ||
Manage air emissions, water and energy consumption, and leverage circular economy. | – | | In 2024, compared to the baseline, there was a: • ~6% decrease in air emissions. • ~6% increase in energy intensity. | ||
Biodiversity | Preserve biodiversity within our global operations responsibility. | – | | • The IBAT (Integrated Biodiversity Assessment Tool) platform will be used to support the project in 2025. |
