Indorama Ventures PCL

Indorama Ventures PCL demonstrates a comprehensive governance process for climate lobbying, with detailed mechanisms for monitoring, alignment, and oversight. The company has established multiple governing bodies, including the Sustainability and Risk Management Committee (SRMC), which "plays a crucial role in embedding sustainability and risk management into our core operations" and is chaired by the Group CEO. The SRMC meets quarterly and includes senior executives from various departments, ensuring multidisciplinary oversight of sustainability and advocacy activities. Additionally, the Advocacy Team, led by the Global Head of Advocacy, monitors legislative changes and communicates internally on policy developments, with regional heads engaging stakeholders and policymakers at local levels. Indorama Ventures has also outlined clear principles for responsible advocacy, including transparency, fairness, and alignment with the Paris Agreement, and publishes an annual "Advocacy Transparency Report" detailing its lobbying activities and alignment with climate goals. The company has established criteria for participation in trade associations, emphasizing alignment with its climate positions and the Paris Agreement, and has measures in place for addressing misalignment, including an escalation process and potential withdrawal from associations. Furthermore, the ESG Council and Decarbonization Committee provide additional layers of governance, focusing on high-level policy advocacy and technological solutions for reducing greenhouse gas emissions. This robust framework, combined with public disclosures and active engagement with policymakers, indicates strong governance of both direct and indirect lobbying activities, ensuring alignment with its climate strategy and sustainability goals.