#Sustainability

2022-11-23

Indorama Ventures wins ‘Top Sustainability Advocate in Asia’ by the Asia Corporate Excellence and Sustainability Awards

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has been named as the winner of the “Top Sustainability Advocate in Asia” by Asia Corporate Excellence and Sustainability Awards (ACES) 2022. The prestigious award reinforces IVL's ongoing commitment and progress in sustainability under its purpose of ‘Reimagining chemistry together to create a better world’.

Mr. Yash Lohia, Chairman of ESG Council at Indorama Ventures, said, “We are honored to be recognized as the top sustainability advocate in Asia. IVL's sustainability strategy demonstrates our commitment to the three focus areas of: protecting the environment through responsible operations; empowering our people and transferring value to our stakeholders; and ethically and innovatively driving economic prosperity. IVL believes it can make a positive impact on these areas while growing its business and bringing about constructive change by fully integrated sustainability into our operations. Winning this award will inspire us to continue embedding sustainability into our business to achieve our vision of becoming a world-class sustainable chemical company making great products for society.”

The recognition of IVL as a leading advocate of sustainability in Asia underscores the company’s performance in developing sustainable operations along its integrated petrochemicals value chain, including innovative product design; efficiency, high-performance and environmentally friendly operations; efficient transportation; promoting responsible consumption; proactive waste collection; and enhancing widespread recycling. The company’s strategy is accelerated by its 2025 and 2030 sustainability goals, including ambitions relating to Net Zero and ending plastic waste. IVL this year announced science-based targets by the Science Based Targets initiative (SBTi) to help drive its sustainability climate programs.

IVL aims to increase the annual PET bottle recycling rate to 50 billion bottles, or 750,000 tons, by 2025; and 100 billion bottles, or 1.5 million tons, by 2030 to towards a circular economy. By 2030, IVL will raise recycling awareness among more than 1 million people worldwide, and at least 100,000 people in the communities will benefit directly or indirectly from IVL's projects to enhance their well-being program.

Ms. Shanggari Balakrishnan, Chief Executive Officer at MORS Group, Facilitator of the Panel of Jury, ACES Awards, said, "IVL is a prominent industry player with more than 70% of its revenue from product lines in leading market positions across the value chain. IVL works with integrity and has adopted ethical principles aimed at bringing innovative products to meet the demands of their stakeholders while ensuring sustainable growth and leadership."

The Asia Corporate Excellence & Sustainability Awards (ACES) is a prestigious accolade that recognizes inspiring leaders and sustainability advocates across industry and across Asia to bring Asia's business aspirations and success stories to the world stage through knowledge sharing and recognition. The 'Top Sustainability Advocates in Asia' category is presented to companies that demonstrate exemplary integration of sustainability into their policies and operations, with a high level of employee and top management involvement in sustainability initiatives. Responsible business practices are upheld across the company's core business activities, including product and service design and delivery, management of social and environmental impacts, and high-impact community engagement. The event was organized by MORS Group.

textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

With a comprehensive 176-page special edition, textile.4U is dedicating its latest issue entirely to one of the most dynamic and influential topics in today’s textile industry: textile recycling. The new issue, published exclusively in high-quality print, presents the Top 100 textile recycling companies researched and selected by TexData – organizations that already play a key role in the transition to circular textiles or are expected to have a significant impact in the near future.

Responsible Textile Recovery Act of 2024 signed by Governor

Senator Josh Newman (D-Fullerton) is proud to announce that Senate Bill 707 (SB 707), the Responsible Textile Recovery Act of 2024, has been signed into law by the Governor of California, Gavin Newsom. This groundbreaking legislation establishes the country’s first Extended Producer Responsibility (EPR) textile recycling program, marking a significant step forward in the state’s efforts to combat waste and promote sustainability.

Modtissimo promotes sustainability with 28 coordinates in the Green Circle

Modtissimo is proving more and more to be a textile and clothing show that delivers the latest innovations in the area of sustainability, with the iTechStyle Green Circle being the main showcase for companies' creations. In this 60+4 edition, taking place on 12 and 13 September, 28 coordinates will be exhibited in a section organised by CITEVE and curated by Paulo Gomes.

The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

At the EU-Egypt Investment Conference, co-organised by the EU and the Government of Egypt on 29-30 June, the EU and Egypt are teaming up to intensify private sector investments in Egypt. They are also signing a Memorandum of Understanding (MoU) for the disbursement to Egypt of up to €1 billion in Macro-Financial Assistance.

Jeanologia urges industry to accelerate PP Spray phase-out following ZDHC Watchlist update

Potassium permanganate has officially entered the Chemical Watchlist of the ZDHC Foundation, signaling increased scrutiny and potential phase-out of one of the most hazardous chemicals still used in denim finishing. The inclusion confirms an industry shift that Jeanologia anticipated more than a decade ago.

Global Standard strengthens presence in Southeast Asia at VIATT 2026

Global Standard will participate in the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) 2026, organized by Messe Frankfurt, the first textile trade show in the APAC region this year. Global Standard will host a booth and Felica Shi will lead a seminar on Global Organic Textile Standard (GOTS). The trade fair will take place from February 26 to 28, 2026, in Ho Chi Minh City, Vietnam.

JEC World 2026 returns with an unprecedented content program

Recognized worldwide as the leading trade exhibition for composite materials and their applications, JEC World returns on March 10-12, 2026, at Paris Nord Villepinte as the most ambitious edition to date, in line with its motto “Pushing the limits”. As the must-attend event for the composites industry, JEC World will offer an unprecedented program, blending conferences, markets insights, technical sessions, awards, and above all, a unique experience and invaluable connections.

Beyond the wardrobe – innovative cotton takes the spotlight

Cotton can do more – a lot more. Cutting-edge textiles and high-tech products made from 100% cotton prove just how powerfully performance and sustainability can come together. That very surge of innovation is front and centre at the 38th Bremen Cotton Conference, taking place March 25–27, 2026, at Bremen’s Parliament on the historic market square – culminating in a bold and dedicated closing session on Friday. In the spotlight: performance upgrades for pure cotton, smart strategies for circular textile waste solutions, and pioneering concepts for demanding technical applications. From natural fibre–reinforced composites to highly effective flame-retardant solutions, cotton steps out of the closet and shows the future potential woven into every fibre.

Keeping print inclusive: Empowering women in the print industry

Across all industries, cultivating a diverse and inclusive workplace is increasingly recognised as valuable and essential to long-term success. However, despite the print industry’s significant advancements in technology and innovation, visible representation of women remains limited. As the sector grapples with low recruitment, it’s important to challenge outdated perceptions. Creating real change, however, requires collective effort - no single company can do it alone.