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Sustainability Report 2010
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Chairman’s Statement:
ITC’s Vision and Strategy		 ITC:
Organisational Profile		 Certifications, Honours & Awards Report
Parameters		 Governance, Commitments
& Engagements
ITC’s Triple Bottom Line GRI Index Annexures Independent
Assurance Statement 		Self-declaration on Application Level
«•»
 
 

Economic Performance

•  ITC's Triple Bottom Line

Citizen First

ITC endeavours to create shareholder value while making a substantial contribution to society.

In 2009-10, Rs.40 crores were invested in various community development projects. Details of our societal value creation are available in the social investment initiatives section.

Rs.40 crores investment in societal value creation

Pension Obligations
Image of Graph showing Employee Benefits from the Financial Year 2005-06 to 2009-10

Employees’ Retirement Benefit Schemes funded through duly constituted and approved independent trusts.

Provident Fund and Family Pension contributions in respect of unionised staff, as required by the statutes, deposited with the Government.

There are different pension plans and obligations and these plans cover over 23, 473 employees as on 31st March 2010. These plans are fully funded in accordance with the annual actuarial valuation. The expected rate of return on plan assets is based on the current portfolio of assets, investment strategy and market scenario.

In order to protect the capital and optimise returns within acceptable risk parameters, the plan assets are well diversified. The funds are consistently sustained to meet requisite superannuation commitments.

Locally based suppliers
Image of Graph showing procurement of Raw Material from the Financial Year 2005-06 to 2009-10
Our businesses have state-of-the-art facilities and use the best relevant technologies to ensure benchmarked quality and value. We source specialised production machinery globally as well as from reputed Indian manufacturers. High-class utility machinery such as boilers, gensets, air-conditioning and refrigeration machinery, electrical & electronic systems are sourced largely from Indian or India based suppliers. Competent Indian contractors carry out construction of new factories, hotels and large-scale upgrades.
20.5% increase in indigenous raw material procurement over 2008-09
88% of our raw materials are locally procured
  «•»
Chairman’s Statement:
ITC’s Vision and Strategy		 ITC:
Organisational Profile		 Certifications, Honours & Awards Report
Parameters		 Governance, Commitments
& Engagements
ITC’s Triple Bottom Line GRI Index Annexures Independent
Assurance Statement 		Self-declaration on Application Level
  
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