ITC :: Sustainability Report 2009

Jump to Content Jump to Archives

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

Annexures

Statement from
Ernst & Young

Self-declaration on Application Level

Home | Contents

«•»

ITC's TRIPLE BOTTOM LINE
ENVIRONMENTAL PERFORMANCE

CDM PROJECTS:

ITC businesses have already registered 8 CDM projects, with the CDM-EB (Clean Development Mechanisms - Executive Board), set up by UNFCCC (United Nations Framework Convention on Climate Change) under the Kyoto Protocol. Significant progress has been achieved on many other projects including 2 Wind Power projects and a ‘Green’ boiler, which is now under installation.

CDM projects & related activities have helped ITC businesses achieve significant reductions in energy costs and CO₂ footprint & has generated revenues from the sale of CERs (Certified Emission Reductions).

ITC Sonar - The Only Hotel in the World to Earn Carbon Credits – UNEP

A recent UNEP (United Nations Environment Programme) report on ‘Sustainable Buildings & Construction Initiative’ states that:

‘Only six of the more than 3000 projects in CDM pipeline are related to energy efficiency in buildings (as of May 2008). In addition, within the six projects, only one is today generating certified emission reduction credits (CERs).’

‘The only project in building sector that is currently producing CERs is the ITC Sonar Hotel in India.’

‘The ITC Sonar Hotel in Kolkata has successfully employed energy saving performance indicators and management measures to establish an energy saving culture.’

UNFCCC Registers ITC’s Unique Social Forestry CDM Project

The CDM–EB of the UNFCCC has confirmed the registration of ITC’s unique large-scale social forestry project – a first of its kind in India and globally the only Afforestation/Reforestation project with retrospective credits of 57792 CERs.

This project involving 3070.19 hectares of private degraded wastelands owned by tribals and rural poor, contributes significantly to the livelihoods of tribals and marginal farmers in 193 villages in the Khammam district of Andhra Pradesh. Apart from sequestering significant amount of CO₂, the forestry initiative provides sustainable source of raw material for ITC’s Paperboards mill, conserves in-situ moisture, prevents topsoil erosion and improves soil fertility.

The net revenue from the sale of CERs, after completion of the verification process will provide additional benefits to the poor tribals and encourage Indian and International agricultural CDM projects.