The world is nearing the halfway mark towards 2030, widely regarded as the 'Decade of Action' and rightly so as it aligns with the deadline to meet the UN Sustainable Development Goals. It is also the outer limit allotted by climate scientists before which meaningful progress needs to be made towards avoiding the irreversible impacts of climate change. Considering the significance of this period, it is pertinent to review the existing list of ESG (Environmental, Social, and Governance) topics that matter to ITC's stakeholders. For this, the Company undertook a "Double Materiality" assessment in FY 2023-24 that not only considered ESG topics that can reasonably be expected to trigger material financial effects for the Company "Financial Materiality" but also those topics that may entail actual or potential, positive or negative impacts on people or the environment, i.e., ITC's stakeholders "Impact Materiality". This approach is aligned with the recommendations of GRI Standards 2021.
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