Last year’s runner-up beats DSM this year by a close margin and tops ChemScore 2021. Indorama Ventures takes the top spot even though the company has lost its self-acclaimed title from last year of being free from SIN…
Indorama produces/uses 3 highly hazardous substances – 3 SIN List chemicals, 1 PIC, and 2 HHPs – 1 of which are included on the EU’s REACH Candidate List. None of these highly hazardous substances is either banned or severely restricted (no Authorisation List substances, and no POPs). The company produces no persistent chemicals.
Please note that there is no available data for the 35 percent of the company’s production that takes place outside of the EU and US. Lower EU/US production means higher uncertainty with regard to the total production of hazardous chemicals, which will have a negative impact on the company’s score in this category.
Indorama Ventures has a method in place to screen and assess the sustainability of its products and includes the intrinsic hazards of ingredients in the screening process. It does not, however, exclude substances with toxic properties from its new products. Indorama Ventures actively markets safer alternatives both on its own website as well as on ChemSec Marketplace. The company has at least one true circular product, process or innovation. Indorama Ventures uses biobased resources without occupying extra land or competing with food production. It sources and treats recycled materials in a sustainable way, which is one of the key elements of a circular economy. However, Indorama Ventures is not actively reducing the hazardous waste it generates.
The Thai company does not produce only sustainable products, but it does have a phase-out strategy – albeit not timed – for hazardous substances that go beyond regulatory compliance. It does not share chemical safety information on its website, but is following a credible code of conduct standard. Indorama Ventures responded to ChemSec’s attempts to communicate around its ChemScore ranking. However, the company does not share any information about what kind of chemicals it produces in regions with low regulatory demands for transparency (e.g. Asia). Indorama Ventures has a circular economy program with objective and measurable targets.