ITC is inspired by the opportunity to make a meaningful contribution to society and the nation through a commitment that extends beyond the market. The Company’s sustainability initiatives draw strength from its deep conviction that businesses can, and must, contribute to a larger societal purpose by fashioning corporate strategies that simultaneously build economic, environmental and social capital for the nation. ITC has over the years, crafted unique business models that enable long-term shareholder value creation as well as enhance societal and environmental capital.
This focus on creating larger societal value has enabled ITC’s businesses and value chains generate sustainable livelihoods for over 5 million people, many of whom are from the disadvantaged sections of society. In addition, its commitment to contribute to climate change mitigation and to the augmentation of natural capital has led to a symphony of efforts, making ITC the only enterprise in the world of comparable dimensions to have achieved and sustained the three global environmental distinctions of being Carbon Positive (for 8 years), Water Positive (for 11 years) and Solid Waste Recycling Positive (for 6 years). Total shareholder returns over the last 17 years have grown at a compound annual rate of over 26%. These exemplary achievements have strengthened the Company’s belief that it is possible to create and enhance shareholder value whilst simultaneously serving a larger societal purpose through the adoption of sustainable business practices.
Business Responsibility Policies and Guidelines
The Company’s policies and guidelines are aligned with the principles enunciated under the National Voluntary Guidelines (NVG) on Social, Environmental and Economic Responsibilities of Business. The underlying context of the NVG principles are embodied in the policies adopted by the Company in areas such as EHS, CSR, HIV/AIDS, human rights and labour practices.