ITC is one of India’s leading private sector companies with a market capitalisation of US$ 45 billion and a turnover of over US$ 7 billion. With a diversified presence in Fast Moving Consumer Goods (FMCG), Hotels, Paperboards and Packaging, Agri Business and Information Technology businesses, ITC is widely acknowledged as one of India’s most valuable business corporations.
Inspired by a vision to sub-serve larger national goals, ITC has crafted unique business models that integrate the creation of long-term shareholder value with the enhancement of societal and environmental capital. Over the last 17 years, ITC has aggressively pursued a policy of diversification, focusing on creating an array of vibrant world-class Indian brands across business segments that have demonstrated immense vitality in the global Indian marketplace. This has enabled ITC to unleash multiple drivers of growth for the Indian economy.
ITC aims at delivering societal development in the context of its businesses. It works in partnership with farmers and communities to implement large-scale social investments programmes that have enhanced incomes and improved the quality of life through the creation of sustainable livelihood opportunities. Through its businesses, ITC has helped generate more than 5 million livelihoods across value chains, touching the lives of many living at the margins in rural India.
ITC measures its performance by its triple bottom line contribution to building economic, social and environmental capital. Today, ITC is a global exemplar in sustainability. Its business-linked sustainability initiatives and social investments programmes, like the celebrated e-Choupal, Social & Farm Forestry initiatives, Watershed Development, Animal Husbandry and Women’s Empowerment, have transformed rural India. It is the only enterprise in the world of comparable dimensions to be carbon-positive (8 years in a row), sequestering one and a half times the amount of carbon it emits; water-positive (11 consecutive years), creating 2 times more rainwater harvesting potential than it consumes; and solid waste recycling positive (for the last 6 years). Over 40% of the total energy requirement of the Company is met from renewable sources, a testimony to its commitment to adopting a low carbon growth path. All ITC’s premium luxury hotels have the unique distinction of being LEED Platinum certified, making it the world’s greenest luxury hotel chain.
ITC’s achievements have been recognised worldwide. It has been rated among the World’s Best Big Companies, Asia’s ‘Fab 50’ and one of India’s Most Valuable Companies by Business Today. It has been ranked as the world’s 6th largest ‘sustainable value creator’ among consumer goods companies globally, according to a report by the Boston Consulting Group (BCG). ITC Chairman
Mr Y C Deveshwar has been ranked the 7th Best Performing CEO in the world by the Harvard Business Review in its January-February edition 2013. Mr Deveshwar has also been conferred the Padma Bhushan, one of the country’s highest civilian honours, for his leadership in transforming ITC into an organisation with a deep commitment to national priorities of sustainable and inclusive growth.