ITC :: Sustainability Report 2008

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

Statement from
Ernst & Young

Annexures

Self-declaration on Application Level

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ENVIRONMENTAL PERFORMANCE

ITC A CARBON POSITIVE CORPORATION – THIRD YEAR IN A ROW

The 4^thAssessment Report of the Intergovernmental Panel on Climate Change forecasts serious consequences for the planet if Green House Gases (GHG) emissions are not reduced drastically.

India, with its high growth trajectory, a large population, significant dependence on agriculture and with an extensive coastline is likely to be adversely impacted by climate change.

Our businesses continue to enlarge the Company’s positive carbon footprint through energy conservation, use of renewable sources of energy and identifying ways of mitigating the adverse effects of climate change caused by Global Warming. We have ensured Carbon Dioxide (CO₂) sequestration through large-scale farm and social forestry initiatives which has enabled us to maintain a carbon positive status for 3 years in a row.

Our Climate Change strategies can be summarised as follows

Conserving energy (through audit, benchmarking and use of next practices) to achieve the lowest specific energy consumption (energy required per unit of production).
Using renewable resources of energy.
Sequestration through large-scale farm/ social forestry initiatives creating a positive carbon footprint.
Using Clean Development Mechanism (CDM) under Kyoto Protocol to identify/implement projects that would bring down the GHG emissions and help mitigate the adverse effects of climate change caused by global warming.

Sequestration through large-scale farm/social forestry initiatives creating a positive carbon footprint.

GHG emissions in ITC primarily result from energy consumption (whether bought from external sources or produced internally) in our manufacturing units, hotels and offices. Other sources of GHG emissions include transportation of raw materials and products and travel.