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ITC Sustainability Report

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by

Jennie George

on 9 March 2015

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Transcript of ITC Sustainability Report

ITC is one of the pioneers of SR, releasing its first report in 2004.
(i) Overall Environment
(i) Financial Performance
ITC constantly endeavors to create a positive environmental footprint.

ITC Sustainability Reporting
Economic Performance
Environmental Performance
Risks:
Agricultural output depends on rainfall
Retreating glaciers & rising sea levels
Extreme weather conditions
India’s commitment to UNFCCC
Pressure on Municipal Waste Disposal

$2.50
Monday, March 09, 2015
Muriel, Nirmaan & Jennie
Definition
What's Sustainability Reporting?
(i) Mission Sunehra Kal (MSK)
Social Performance
Describing a company’s performance with respect to key economic, environmental, social and governance issues relevant to its stakeholders and its business.

Global Reporting Initiative (GRI) is US NGO coalition that produces a comprehensive SR framework.

It focuses on
Triple Bottom Line
performance.




Why is this report important?
Purpose
Triple BL commitment
Empower stakeholders
Sustainable livelihood

Outcome


Environment Sustainability
ITC Sustainability Report
(i) Financial Performance
Economic Performance
Non-Cigarette FMCG: 16%
Paperboards & Paper Packaging: 14.7%
Cigarettes: 10.6%
Overall Revenue Growth: 11.7%

(ii) Eco Sustainability Factors
Economic Performance
(iii) CSR
Economic Performance
Rural Development Projects
Promoting education & livelihood
Eradicating hunger, malnutrition & poverty
Women's empowerment programs
Protection of national heritage, art & culture
Suppliers
ITC focuses on the locals!
87% of RM, stores & spares are locally procured.


Employees
They follow a policy of
Diversity and Equal Opportunity.
(ii) Energy
Environmental Performance
Evaluation of security risks
Phased implementation of initiatives
38.1% of consumption met by renewable resources
Luxury hotels – LEED Platinum Rating
Accounted for increase/decrease in consumption

(iii) Air Emissions
Environmental Performance
Aligning with NAPCC
Total emissions: 16,12,914 tons of CO2 equivalent
GHG Emissions and sequestration
ITC’s Social & Farm Forestry
Carbon Positive Company (9th year in a row)
Avoiding emissions
India’s Ozone Depleting Substances (ODS) Rules, 2000

(iv) Water Management
Environmental Performance
Assessment
Audit
Zero effluent discharge
Rainwater harvesting
Water stewardship
Surpassing the benchmark
Watershed Development Projects
Water Positive Company (12th year in a row)

(v) Waste Management
Environmental Performance
Resource conservation
Segregation at source
Working towards 100% recycling
Waste destination
Wealth of Waste program

(vi) Biodiversity
Risk & opportunity assessment
Social forestry and revival of commons


Strengthening rural livelihoods through:
ITC e-Choupal
Wasteland Development through
Social Forestry
Soil & Moisture Conservation Programs
Livestock Development Initiatives

Building skills and social infrastructure
through:
Primary Education, Health & Sanitation
Women’s Empowerment &
Gender Equality

(ii) ITC E-Choupal
Social Performance
Larger investments

Higher quality
& farm
productivity

Higher income

Greater risk
management
capacity
How does it work?

Network of village internet kiosks
'Sanchalak’
Procurement-cum-retail hubs
‘Choupal Saagars’
Virtual integration of supply chain
Elimination of wasteful intermediation
(iii) Rural Households
Social Performance
Climate Smart Agriculture

Develop models that can be replicated across locations
Enhance ecological resource base for Community based governance of natural resources
Bottom-up participatory approach


Collaborative processes & multi-stakeholder partnerships
End-to-end solutions addressing the spectrum of needs of the local communities




Coverage
110 projects across 13 states

(iv) Social Forestry
Social Performance
Targeted towards small holders (Land holdings < 1 hectare)
Wood Producers Associations (WPAs)
Long-term, interest free loans
Extension services
Repaid loans - Village Development Fund (VDF)

Highlights:
Incorporation of bio-diversity conservation
Expansion of coverage of agro-forestry



For India to progress on a path of sustainable growth,
ITC believes that it is important
for the private sector to play a proactive role in the social sector.


(v) Soil & Moisture Conservation
Social Performance
Integrated Watershed Development program
ITC is the major source of funding
Targeted towards small & marginal farmers
Participatory Rural Appraisal (PRA) - Identify Water User Groups (WUGs) (Target beneficiaries)
Intensive training provided to WUGs
Water user charges - Corpus used for maintenance - Long term sustainability of the projects

Coverage

1024 villages across 7 states

Impact

50% increase in watershed management for agriculturalists and farmers
Groundwater recharge
Three new MOUs with the
Govt of Maharashtra and
of Madhya Pradesh for
implementation of an
Integrated Watershed
Management Program



Impact:
Social forestry plantations emerged
as a superior land use option
More than 50% of the households
have invested in better & safer
housing


All ITC’s programs aim to build
self-reliant, empowered
local communities!



Published as an assignment for Environmental Issues
Full transcript