Greenhouse Gases and Carbon Sequestration

During the year, ITC improved its 'disclosure score' in the Climate Disclosure Leadership Index 2014 published under the aegis of the Carbon Disclosure Project from 85% in 2013-14 to 94% in 2014-15, placing it amongst the top 10 Indian organisations who have been so evaluated. The greenhouse gas (GHG) inventory of ITC for the year 2014-15 compiled as per the ISO 14064 standard, has been assured at the highest 'Reasonable Level' by an independent 3rd party assurance provider, a significant achievement considering the scale and spread of the Company's operations. This is also evidence of the importance accorded to GHG management by the Company. Reaffirming ITC's commitment to the ethos of 'Responsible Luxury', all luxury hotels of ITC are LEED® Platinum certified (certification in progress for ITC Grand Bharat which was opened recently) making it the 'greenest luxury hotel chain' in the world. In order to continually reduce ITC's energy footprint, green features are integrated in all new constructions and are also being incorporated in existing hotels, manufacturing units, warehouses and office complexes during retrofits.

The Company's Social & Farm Forestry initiatives enable sequestration of over twice the amount of Carbon Dioxide emitted by its operations. Besides mitigating the impact of increasing levels of GHG emissions in the atmosphere, these initiatives help greening degraded wasteland, prevent soil erosion, enhance organic matter content in soil and enable ground water recharge.