YC Deveshwar led ITC Limited, a multi-business conglomerate, has released the 15th Sustainability Report for the year 2018. The report is themed on ‘Enterprises of Tomorrow’, which reflects the aspiration of the Company and its commitment to chart a path that will continue to create enduring value for its stakeholders. ITC started reporting in 2004.
The Report has been prepared meeting the criteria of “In Accordance – Comprehensive” level of the Global Reporting Initiative (GRI) Standards.
The 15th Sustainability Report covers the sustainability performance for the period April 1, 2017 to March 31, 2018. ITC reports its performance on an annual basis and the last Sustainability Report was published in August 2017.
ITC’s Sustainability Report 2018 has been prepared on the basis of the latest Global Reporting Initiative (GRI) Standards and meets the “In Accordance -Comprehensive” criteria. Reporting on sustainability topics continues to be on the basis of materiality. The Reporting Principles, Universal Standards and Topic Specific Standards detailed in the GRI Standards have been taken into account while preparing the Report. The Report also includes the relevant topics/indicators from GRI-G4 Food Sector supplement for the Foods Business.
For one and a half decade, this Report has traced the contours of ITC’s performance across all the dimensions of the Triple Bottom Line. Though a voluntary disclosure, every Sustainability Report has been subjected to the highest levels of scrutiny with third-party assurance.
“A spark ignited by a Vision to serve a larger societal purpose has now become the very soul of the enterprise, driving every thought and action as well as the strategy and purpose of the organisation.”, said YC Deveshwar, Chairman, ITC Limited in report.
“Indeed, an enterprise of tomorrow is one that goes beyond the commitment to the market to create larger value for society. It is one that pursues competitive growth even as it enriches the environment and creates opportunities for sustainable livelihoods. It is an organisation that invests not only in meeting the needs of the present but also in securing a better, safer and more inclusive future for the generations to come.”, he said.
Recognising that global concerns on sustainability require concerted local action, ITC’s initiatives in environmental preservation and replenishment address several of the objectives set out in India’s Nationally Determined Contribution (NDC) commitments to the United Nations Framework Convention on Climate Change.
The Company’s Sustainability Initiatives also contribute meaningfully to the UN Sustainable Development Goals.
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