We have carried out an independent review of the section ‘Sustainability Updates’ * of the ITC Annual Report and Accounts 2011 prepared by ITC Limited (the ‘Company’). The scope of our work was limited to providing independent assurance of select information pertaining to Environment, Health & Safety (EHS) and social performance for the period 1st April 2010 to 31st March 2011, based on review at ten representative business units of the Company.
The Company has presented, in a fairly balanced, accurate and complete manner, the information pertaining to EHS and social parameters on the GRI indicators pertaining to material consumption, energy, water consumption and discharge, GHG emissions, wastes, safety performance and social programmes. During our review, we understood that the Company has a well structured data management system and as a process of improvement is taking up initiatives to further strengthen its robustness, reporting protocols and review mechanisms for data related to sustainability performance.
The initiatives on carbon sequestration, waste recycling, creating rainwater harvesting potential and creating sustainable livelihoods demonstrate the Company’s commitment on these key sustainability issues. The Company’s carbon positive status is based on improvements in specific energy consumption, increasing share of energy from renewable resources and sequestration of CO2 emissions through social and farm forestry initiatives. The water-positive status is based on reduction of specific water consumption and creation of the rainwater harvesting structures with an evaluated rainwater harvesting potential. Waste recycling positive status of the Company is by recycling of wastes generated out of their operations and external wastes used as raw material.
For Ernst & Young Private Limited
Sudipta Das
Partner
25th May, 2011
Kolkata
* The EHS and social information contained in this section will form a part of ITC’s Sustainability Report 2011, which is being independently assured by Ernst & Young. |
