STRATEGY 1 - CLIMATE CHANGE: RISK MANAGEMENT

In line with the issues addressed in the 4th Assessment Report of the Intergovernmental Panel on Climate Change (IPCC), the Indian Government’s National Action Plan for Climate Change and other national and international reports on climate change as well as our own internal studies, we have adopted strategies to remain on the cutting edge of awareness, support international initiatives in mitigating the adverse impacts of climate change, de-risk our various businesses and benefit from the emerging opportunities offered by climate change mitigation and adaptation.

Climate Change and Agriculture:

A very significant proportion of our raw materials are agri based. The impact of climate change on India’s rain fed agricultural sector is quite complex, especially the adverse effect on soil, biodiversity and ecological regimes. Our R&D specialists are collaborating with expert study groups and examining agricultural productivity/adaptation issues related to climate change. Our water conservation, watershed development and rainwater harvesting projects contribute significantly in improving the sustainability of our agri-related businesses.

Coastal Vulnerability:

ITC has two large manufacturing units and a hotel in the coastal areas. Preliminary studies have already been completed to evaluate the implications of climate change and implement necessary measures to minimise the risks.

Minimising Carbon Intensity:

Our businesses continue their endeavour to achieve significant reductions in energy consumption and minimise their carbon footprint in different product lines, thereby aligning businesses to emerging statutes and consumer preferences.