In recognition of its  superior Environmental, Social and Governance models, ITC has been Ranked No.1  globally amongst peers (comprising  companies with market capitalisation between USD 38 Bln. and USD 51 Bln.)  and No.3 overall on ESG performance in the Food Products industry by  Sustainalytics - a global ESG rating company. ITC has also been rated AA by  MSCI-ESG  which is the highest amongst global tobacco cos. & ahead of  FMCG peers.

 

A global exemplar in  sustainability, ITC has pursued innovation in business models to synergise the  building of economic, ecological and social capital as a unified strategy. It  is the only company in the world to be water, carbon and solid waste recycling  positive for over a decade. ITC's businesses support 6 million livelihoods in  India. Pursuing a low carbon growth path, ITC has spearheaded a gamut of  environmental initiatives. Nearly 41% of ITC's energy consumption is met from  renewable sources, while its green building portfolio comprises 25 Platinum  rated green buildings. ITC's largescale social investments programme empower  rural communities and generate sustainable livelihoods. ITC e-Choupal has  empowered 4 million farmers, while the afforestation programme has generated  135 million person days of livelihood. ITC's watershed development programme  has created nearly 6 million person days of employment. ITC's programmes in  women empowerment, vocational training, sanitation, primary education have  enriched rural communities.

 

ITC is one of the frontrunners  in India to have put in place a formalised system of Corporate Governance. Its  governance framework enjoins the highest standards of ethical and responsible  conduct of business to create value for all stakeholders. The practice of  Corporate Governance in ITC takes place at three interlinked levels - Strategic  supervision by the Board of Directors; Strategic management by the Corporate  Management Committee and Executive management by the Divisional Chief Executive  assisted by the Divisional Management Committee. The three-tier structure  ensures that Strategic supervision (on behalf of the Shareholders), being free  from involvement in the task of strategic management of the Company, can be  conducted by the Board with objectivity, thereby sharpening accountability of  management; Strategic management of the Company, uncluttered by the day-to-day  tasks of executive management, remains focused and energised; and Executive  management of the divisional business free from collective strategic  responsibilities for ITC as a whole, remains focused on enhancing the quality,  efficiency and effectiveness of the business to achieve best-in-class  performance.