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Business Responsibility Report

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The Directors present the Business Responsibility Report of the Company for the financial year that ended on 31st March, 2015, pursuant to Clause 55 of the Listing Agreement with Stock Exchanges. The Company also publishes annually, a comprehensive Sustainability Report, based on the Global Reporting Initiative (GRI) guidelines.

The details on the aspects discussed in this Report are available in the Company's Sustainability Report. The Company's Board approved Sustainability Policies, ITC Code of Conduct and the Sustainability Report are available on the Company's website -

General Information

Financial Details

Commitment to Sustainable and Inclusive Growth

ITC's sustainability initiatives are inspired by the opportunity to serve larger national priorities through a Triple Bottom Line contribution to the economy. It is the Company's deep conviction that businesses possess the transformative capacity to create far larger societal value by leveraging their entrepreneurial vitality, creativity and innovative capacity. This Vision is manifest in the unique models fashioned by the Company to enable the creation of large scale sustainable livelihoods and the augmentation of natural resources. This Triple Bottom Line commitment of the Company to simultaneously build economic, social and environmental capital has spurred innovation to orchestrate a symphony of efforts that address some of the most challenging societal issues including widespread poverty and environmental degradation. These concerted efforts of the Company over several years have led to the creation of sustainable livelihoods for around 6 million people, many of whom represent the most disadvantaged in society.

While the Company's pioneering work in empowering rural India is a global exemplar, it has also spearheaded several initiatives to achieve new benchmarks in environmental excellence. Recognising that climate change is a threat that particularly makes rural communities extremely vulnerable, the Company has adopted a low carbon growth strategy. This encompasses large scale afforestation, increasing use of renewable energy and a continuous quest to maximise natural resource efficiencies across all its operations. ITC is the only company of comparable dimensions in the world to be carbon positive for 10 years, water positive for 13 years and solid waste recycling positive for 8 years. Its environmental stewardship is also reflected in its luxury hotels being Leadership in Energy and Environmental Design (LEED®) Platinum Certified and the increasing share of renewable energy usage in the Company's total energy consumption, which presently stands at 43.1%.

Business Responsibility Policies and Guidelines

Reporting on Sustainability Initiatives

Sustainability Policies and ITC Code of Conduct aligned with Business Responsibility Principles

Business Responsibility Report Index on Social, Environmental & Economic Issues

Principle 1: Corporate Governance for Ethics, Transparency and Accountability

Principle 2: Sustainability of Products and Services across Life-cycle

Principle 3: Employee Well-being

Principle 4: Stakeholder Engagement

Principle 5: Human Rights

Principle 6: Protection and Restoration of the Environment

Principle 7: Responsible Advocacy

Principle 8: Supporting Inclusive Growth and Equitable Development

Principle 9: Providing Value to Customers and Consumers

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