12 Consecutive years
15 years in a row
for the last 10 years
This Initiative reaches out to over 6.4 million citizens
Over 48% of ITC's Total Energy Requirements met from carbon neutral sources.
22 green buildings
Turnover has grown 11-fold
Profit has grown 39 times
Total Shareholder Returns has grown at a CAGR of 23.6%
Over $50 billion
Over $8 billion
Empowering 4 million farmers
Generating over 110 million person-days of employment
Covering nearly 55,000 rural women
Benefitting over 5,25,000 children
Services provided to over 15,00,000 milch animals
Covering nearly 12,500 acres
Training over 46,000 youth
Over 25,000 low-cost sanitary units constructed
It has been our resolve to build an exemplary Indian enterprise that would create enduring value for our country. An organisation that would adopt the credo of putting 'India First' - keeping Country before Corporation and the Institution before the Individual. Over the years, the patriotic sense of 'India First' has grown into a full-blown aspiration to be a National Champion subserving the country's larger priorities. This is not only manifest in the creation of world-class Indian brands, but also in the Triple Bottom Line goals of the Company to nurture larger societal value. The need to sustain global competitiveness in economic value creation, whilst simultaneously creating larger societal value, has led to innovation in business models that seek to synergise the building of economic, ecological and social capital as a unified strategy.
A new paradigm of growth is today called for - an integrated Triple Bottom Line approach that builds competitiveness whilst at the same time ensuring that the environment is nourished and large-scale sustainable livelihoods are created. I call this new paradigm 'Responsible Competitiveness', which to my mind is a pre-requisite to creating a more sustainable future.
'Enterprises of Tomorrow' can bring in transformational change by making societal value creation a conscious strategic decision and not one that banks on corporate conscience alone. ITC has always believed that businesses possess unique strengths to make a larger contribution to society. If the creative and innovative energies that businesses employ to create world-class products and brands are leveraged to deliver social initiatives that serve a larger national objective, it can have a transformative impact on society.
It is this belief that has spurred ITC to craft innovative strategies that orchestrate a symphony of efforts aimed at enriching the environment, creating sustainable livelihoods, empowering local communities and addressing the challenge of climate change.
To set organisational boundaries for consolidated GHG emissions, ITC has utilised the operational control approach for the various entities covered under the Report. ITC's accounting of Scope 1, 2 & 3 GHG emissions is based on the 'GHG Protocol Corporate Accounting and Reporting Standard' and the 'GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard' issued by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).
Emission factors provided in the IPCC Guideline for National Greenhouse Gas Inventories of 2006 were used to calculate GHG emissions from stationary combustion sources.
Activity data (quantity of fuel consumed) is multiplied with the respective default energy factor or actual measured Net Calorific Value (NCVs) to arrive at the energy consumption values, which is in turn multiplied by the emission factor to quantify the direct emission from stationary combustion sources.
The quantification of indirect GHG emission due to purchased electricity is based on activity data (Electricity consumption in kWh) multiplied by emission factors specified in the 'CO2 Baseline Database for the Indian Power Sector User Guide', (version 11.0, April 2016) issued by Central Electricity Authority, Government of India.
Total steam purchased (Activity data) is multiplied with the specific enthalpy to arrive at total energy purchased, which in turn is multiplied by the applicable emission factors provided in the IPCC Guideline for National Greenhouse Gas Inventories of 2006.
The energy consumption outside of the organisation due to road transportation is quantified by using energy conversion factors based on 'Road Transport Service Efficiency Study (India)-2005', conducted by the World Bank.
Transportation GHG emissions include, transportation of material, i.e. finished goods, raw materials and wastes, and guest travel at Hotels. Emissions from transportation of finished goods, raw materials and wastes from road, rail, air and ship are calculated as below:
Road-Activity data (tonne-km) is multiplied with the emission factors sourced from 'Road Transport Service Efficiency Study (India)-2005', conducted by the World Bank for each type of truck used.
Rail-Activity data (tonne-km) is multiplied with the calculated emission factor. Emission factor is calculated based on the information available from the Indian Railways Annual report 2013-14, Indian Railways Statistics 2013-14.
Air/Ship-Activity data (tonne-km) is multiplied with the emission factor sourced from 'Guidelines to DEFRA/ DECC's GHG Conversion Factors for Company Reporting - Freight Transport 2011' developed by the Department of Energy and Climate Change (DECC) and the Department for Environment, Food and Rural Affairs (DEFRA), U.K.
Emissions from guest pickup and drop is calculated by multiplying Activity data, i.e. distance travelled, with the emission factor based on 'Emission Factor development for Indian Vehicles', Revision 4, 2008 published by Automotive Research Association of India.
The quantification of GHG emissions from minor* sources is based on a robust process of data collection at Unit/Division level and emission factors taken from recognised global sources, such as IPCC guidelines and assessment reports; GHG Protocol HFC Tool v10 developed by GHG Protocol initiative, WRI & WBCSD; Air transport emissions data published by DEFRA/DECC, Pulp and Paper Tool-2005; UNFCCC approved methodologies. These emissions are quantified once in three years and same value is replicated for the remaining two years. The sources that have a minor contribution to ITC's overall GHG emissions are listed below:
2. Process Emissions
3. Company owned vehicles
4. SF6 release from electrical circuit breakers
5. CO2 release from fire protection system
6. Gas cutting/welding
7. Waste water treatment
8. GHG emissions from composting of waste inside
the unit premises
9. GHG emissions from fertiliser application in
10. GHG emissions due to employee air travel
GHG removals from plantations have been calculated based on the approved methodology used in ITC's UNFCCC registered CDM project '2241: Reforestation of severely degraded landmass in Khammam District of Andhra Pradesh, India under ITC Social Forestry Project.'
*The Frequency of quantification of GHG emissions from minor sources is once in three years.