ITC Limited Chairman Sanjiv Puri said that as part of its waste management programme, his Company aims to ensure that 100% of its packaging is reusable, recyclable or compostable in the next decade. ITC’s leadership in sustainability reinforces its aspirations to be a future-ready enterprise, responsive to the needs of society.
In his AGM address Sanjiv Puri, Chairman, ITC Limited shared his Vision on the organisation’s top strategic priorities in preparing for the ‘Next Normal’ and Reimagining the Future for ITC.
The compan has also pioneered a replicable Multi-layered Plastic waste management model in Pune, providing an end-to-end solution for converting such waste into commercial products based on technical knowhow of the ITC Life Sciences & Technology Centre.
Several innovations, backed by R&D, have led to path breaking initiatives. For example, ITC’s Paperboards as well as Packaging businesses have introduced several innovative sustainable packaging solutions.
These include the recyclable barrier board ‘Filo’ series as an innovative substitute for single-use plastics in the food service segment and the biodegradable ‘Omega Series’ as an alternative to plastic coated containers and cups, and so on.
He said that ITC has set ambitious sustainability goals for the future. ITC aspires to meet 50% of its total energy consumption from renewable sources by 2030.
ITC intends to sequester over four times the CO2 emissions from its operations as well as create rainwater harvesting potential equivalent to over five times its net water consumption over the next decade.
Read full AGM speech 2020: Sanjiv Puri sets Ambitious Sustainability Goals for the Future of ITC
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