#Sustainability

2020-07-16

Indorama ventures becomes first chemical company TCFD supporter reinforcing sustainability and ESG leadership in Thailand

Indorama Ventures Public Company Limited (IVL), a global chemical producer, has become a Task Force on Climate-Related Financial Disclosures (TCFD) Supporter. IVL is the first chemical company in Thailand and the second chemical company in Southeast Asia to become a TCFD supporter by volunteering to comply with TCFD recommendations and supporting their climate change agenda. Becoming an official Supporter cements the company's commitment towards and leadership in sustainability, embedding Environmental, Social and Governance (ESG) factors in IVL's business operations.

The TCFD was created in 2015 by the Financial Stability Board (FSB) to develop consistent climate-related financial risk disclosures for companies, banks, and investors when providing information to stakeholders. TCFD recommendations are globally recognized for climate-related risk management and disclosure from the perspective of financial institutions. IVL also conducts scenario analyses that adopt TCFD recommendations as guidelines for climate change strategy. These sensitivity analyses cover impacts on the company's productions, revenues and EBITDA.

Following the TCFD recommendations, IVL has applied the AQUEDUCT water risk atlas to forecast changes in future water stress and to identify sites that face the most significant risk of water demand and supply in the future. The results of these studies have been incorporated into the company's long-term adoption measures, which allow the management to make informed and lasting decisions for IVL's sustainability. Furthermore, transparent disclosures have enabled financial institutions, ESG funds, and investors to better access IVL's data, providing benefits such as having adequate information for investment decisions.

Dr. Deepak Parikh, Chief Strategy Officer at Indorama Ventures, said, "We are honored to be Thailand's first chemical company to become a TCFD Supporter as it is a leading global organization driving the climate change agenda. This reflects IVL's commitment to enhancing financial disclosures that improve business evaluation, create positive impact to sustainable investment and make economies more resilient and stable. The TCFD recommendations are recognized worldwide for risk management related to climate change and also a meaningful step in IVL's global sustainability."

Texprocess 2026: Automation, digitalisation and AI redefine textile processing

Making investment decisions in textile processing has become significantly more demanding. Increasing energy costs, a shortage of skilled labour and ongoing geopolitical uncertainties are compelling companies to focus on technologies that deliver clear gains in efficiency and process reliability. This applies equally to apparel manufacturing and to the processing of technical textiles and high-performance materials. As a result, modernisation initiatives are assessed more carefully – even as the need to upgrade production systems continues to intensify.

Techtextil 2026: Between innovation pressure & market reality

From 21 to 24 April 2026, Techtextil in Frankfurt am Main will once again become the central meeting point for the international technical textiles and nonwovens industry. Running in parallel, Texprocess will focus on the industrial implementation of textile processing technologies as the leading platform in this field. Together, the two trade fairs form a closely integrated presentation and working platform along the entire textile value chain – from material development to finished applications.

Between geopolitical pressure and industrial resilience

In this interview, Dr. Janpeter Horn (VDMA) discusses the current challenges facing textile machinery manufacturers, shaped by geopolitical tensions, regulatory developments and subdued investment. He also outlines why innovation strength, integrated solutions and strategic positioning remain key to global competitiveness.

A new standard to combat plastic waste in forests

With DIN SPEC 35808 “Tree Shelter for Forestry Applications,” the testing and research service provider Hohenstein, in collaboration with Rottenburg University of Forestry, as well as forestry authorities and industry partners, has established a clear framework for bio-based and fully biodegradable tree shelters. The pre-standard defines requirements and practical testing methods designed to reduce plastic waste in forests and strengthen the long-term protection of soil and the environment.

Denim moves towards sustainability

EIM (Environmental Impact Measurement), the global reference platform for measuring the environmental impact of garment finishing, presents the second edition of its annual report Denim Industry Progress & Insights 2025. The study analyses over 100,000 real denim finishing processes, providing an accurate and up-to-date view of the industry’s evolution towards more sustainable models.

Europe’s textile future at a turning point: New 2030 Circularity Blueprint aims to scale recycling and unlock investment opportunities

The EU textile system is at a critical crossroads. Today, less than 1% of discarded garments are recycled into new garments, despite EU-wide obligations for separate collection. In response, Global Fashion Agenda (GFA) is launching the 2030 Circularity Blueprint, in partnership with ReHubs. This ambitious initiative is designed to support the transformation of the EU textile ecosystem to advance textile-to-textile recycling and drive the transition to a circular economy.

Itema to showcase weaving excellence at ITM 2026

From June 9 to 13, Itema will exhibit at ITM 2026 in Istanbul (Hall 8 – Stand 806D), unveiling a distinctive exhibition concept designed to highlight the Company’s expertise across the entire weaving value chain. For this year’s edition, Itema will introduce an innovative stand experience built around two core areas: advanced weaving and spare parts solutions and an immersive textile gallery featuring fabrics produced by Itema Customers worldwide.

Last chance to apply: ITMA 2027 Start-Up Valley closes tomorrow

Applications for the Start-Up Valley at ITMA 2027 close tomorrow, offering young technology companies the opportunity to follow in the footsteps of several successful participants from the 2023 edition. The initiative, organised under the CEMATEX Start-Up Grant programme, has already helped a number of textile start-ups accelerate their transition from early-stage concepts to industrial partnerships, funding rounds and commercial deployment.