(implied by a declining emissions performance trajectory), fixed targets are established at the midpoint of the bond’s term along the trajectory (see Box 3 for example using Sydney offices). Adopting this

that a stock’s history of price performance determines the permanent price impact asymmetry between buys and sells (Saar 2001). 16 • Using midpoint quotes 30 minutes after the trade, instead of 60

. IVL’s Sustainability Targets 11 ©Indorama Ventures PCL Our vision: To be a world-class chemical company making great products for society. SDGs 2030 Agenda – Halfway there 12 ©Indorama Ventures PCL Our