We are pleased to announce that our subsidiary, PT. Indo-Rama Synthetics Tbk in Indonesia, has secured a USD 15 million Sustainability Linked Loan (SLL) from PT Bank BTPN Tbk (BTPN), Indonesia (a subsidiary of SMBC, Japan), demonstrating our commitment to sustainability.
This SLL is linked to the achievement of Indorama’s ESG performance targets and aligns with our broader goals of improving sustainability across our operations. This includes a decarbonization roadmap, renewable resource initiatives, and promoting the use of recyclable materials. By integrating ESG considerations into our financing decisions, we aim to drive positive change while fostering long-term value creation. We are pleased to have the support of BTPN and SMBC in our endeavours to reduce carbon emissions and adopt environmentally responsible practices.