Management Approach

Policy: ITC endeavours not only to minimise its environmental footprint but wherever possible create a positive environmental footprint. The Corporate Management Committee of the Company has issued an Environment, Health & Safety Policy (available in the 'Annexure' section of this Report). ITC's EHS Policy extends to all sites of the Company.

Goals & Performance: The Company has adopted 4 goals in the area of Environment:

• Performance Beyond Compliance
• Carbon Positive Footprint
• Water Positive Footprint
• Zero Solid Waste (reduction, reuse and 100% recycling of all solid wastes)

Responsibility: It is the overall responsibility of the Divisional/Strategic Business Unit (SBU) Chief Executives,
through the members of their Divisional Management Committees, General Managers and Unit Heads, to ensure implementation of this Policy and Corporate Standards on EHS, including formation of various committees and designating individuals for specific responsibilities in respect of their Division/SBU.

The Corporate EHS Department is responsible for reviewing and updating Corporate Standards on EHS, and for providing guidance and support to all concerned.

Management: All the manufacturing units, large hotels & Corporate EHS Department are certified to ISO 14001 Environment Management Systems. Additionally, the Corporate EHS Department has laid down detailed guidelines and standards for all ITC businesses/units. Experts from the Corporate EHS Department audit each unit at least once annually to ensure implementation and provide assistance for further improving EHS performance.

Awards: A large number of awards and certifications listed in Annexures to this report are a testimony to ITC's commitment to create positive environmental footprints.

Context: ITC businesses have identified and adopted a number of initiatives where environmental performance provides significant financial, strategic and sustainability benefits and complement national priorities.