Indorama signs ESG credit line of 275 million euros with 6 Thai and international banks lending.

On November 16, 2565, Indorama Ventures Public Company Limited or IVL, a chemical business operator Announcing the signing of a €275 million environmental, social and governance (ESG) revolving credit facility with six banks, strengthening the company's long-standing commitment. towards sustainability-driven financing

The pricing mechanism for this revolving credit facility is linked to IVL's ESG risk rating, resulting in interest rate requirements based on the development of a management assessment score on Material ESG Issues as determined by IVL. Independent organization that researches sustainability and corporate governance

The loan has been granted to IVL's European subsidiaries for a period of two years, with an option to extend for a further year.

Mr. DK Agarwal, CEO, Indorama Ventures, said, 'Sustainability-driven financing is another factor that is increasingly important to IVL's growth strategy.

In the past, Indorama has been proactive in providing this type of financing. This led to the success of obtaining a revolving credit facility linked to ESG operations.

This credit facility is part of IVL's strategy to utilize various financial instruments. that is linked to the company's ESG and sustainability commitments

In November 2564, the company issued bonds promoting sustainability. (Sustainability-Linked Bond: SLB) 3 sets with a total value of 10,000 million baht, which is the highest value SLB in Thailand.

IVL is also working on plans to achieve its 2025 ESG targets and has set even more ambitious targets for 2030, including:

– Reducing the rate of greenhouse gas emissions by 30 percent.

– Reducing energy consumption by 15 percent.

– Using electricity from renewable energy to 25 percent.

– Reducing the water usage rate by 20 percent

– Manage waste instead of landfilling it to 90 percent.

– Recycle 1.5 million tons of post-consumer PET pellets per year.

Mr. Yash Lohia, Chairman of Indorama Ventures' Environmental, Social and Governance Committee, said that integrating ESG goals into financing is an important part of that commitment. our overall contribution to sustainability Performance to meet and scale our ESG goals is an increasingly important factor for lenders and investors. As we continue to enhance IVL's capital structure,

ING Bank NV is the main allocator of the loan. and coordinate ESG matters with other lenders, including ABN Amro Bank NV, Bangkok Bank Luminor Bank Siam Commercial Bank and others