Itc Csr Initiatives
Overview of ITC
ITC was incorporated on 24th August 1910 under the name Imperial Tobacco Company of India Limited. Progressively, as the Company 's ownership Indianised, the name of the Company was changed to I.T.C. Limited in 1974. As ITC has a wide range of businesses such as Cigarettes & Tobacco, Hotels, Information Technology, Packaging, Paperboards & Specialty Papers, Agri-business, Foods, Lifestyle Retailing, Education & Stationery and Personal Care - the full stops in the Company 's name were removed effective September 18, 2001 and it now stands rechristened 'ITC Limited '.
ITC’s diversified profile
Triple bottom line performance
The triple bottom line (people, planet and profits) captures the values and criteria for measuring organizational success, which consists of economic, environmental and social aspects.
Economic performance
ITC’s strategy involves creation of multiple drivers of growth which encompasses FMCG, Paperboards and Packaging, Agri Business, Hotels and Information Technology. The gross income of the company stands at 31423 crores, the turnover is around US$ 6 billion and the non-cigarettes net turnover is 50%. The shareholder returns over a period of time are as follows:
Environmental performance
9th year in a row, ITC has sustained its ‘water positive’ status. It creates freshwater which is twice its consumption. 6 years consecutively, ITC is ‘carbon positive,’ being able to sequester twice its emissions. It has also been ‘solid waste recycling positive’ for a period of 4 years in succession. Based on this, ITC is the only enterprise in the world to have sustained these three global environmental distinctions.
Nearly 31% of the energy consumed by the company is from renewable sources. As of 2011, all luxury hotels of ITC have been accorded the LEED platinum rating. This achievement makes ITC Hotels the ‘greenest luxury hotel chain’ in the world and places the company at the forefront in terms of the
ITC was incorporated on 24th August 1910 under the name Imperial Tobacco Company of India Limited. Progressively, as the Company 's ownership Indianised, the name of the Company was changed to I.T.C. Limited in 1974. As ITC has a wide range of businesses such as Cigarettes & Tobacco, Hotels, Information Technology, Packaging, Paperboards & Specialty Papers, Agri-business, Foods, Lifestyle Retailing, Education & Stationery and Personal Care - the full stops in the Company 's name were removed effective September 18, 2001 and it now stands rechristened 'ITC Limited '.
ITC’s diversified profile
Triple bottom line performance
The triple bottom line (people, planet and profits) captures the values and criteria for measuring organizational success, which consists of economic, environmental and social aspects.
Economic performance
ITC’s strategy involves creation of multiple drivers of growth which encompasses FMCG, Paperboards and Packaging, Agri Business, Hotels and Information Technology. The gross income of the company stands at 31423 crores, the turnover is around US$ 6 billion and the non-cigarettes net turnover is 50%. The shareholder returns over a period of time are as follows:
Environmental performance
9th year in a row, ITC has sustained its ‘water positive’ status. It creates freshwater which is twice its consumption. 6 years consecutively, ITC is ‘carbon positive,’ being able to sequester twice its emissions. It has also been ‘solid waste recycling positive’ for a period of 4 years in succession. Based on this, ITC is the only enterprise in the world to have sustained these three global environmental distinctions.
Nearly 31% of the energy consumed by the company is from renewable sources. As of 2011, all luxury hotels of ITC have been accorded the LEED platinum rating. This achievement makes ITC Hotels the ‘greenest luxury hotel chain’ in the world and places the company at the forefront in terms of the
References: http://www.itcportal.com/sustainability/sustainability-report-2010/index.aspx http://www.itcportal.com/about-itc/chairman-speaks/ChairmanSpeak.aspx?id=1111&type=B&news=chairman-2011 http://rramachandranaik.blogspot.com/ http://www.itcportal.com/itc-business/index.aspx http://www.itcportal.com/about-itc/itc-profile/history-and-evolution.aspx http://www.itcinfotech.com/Corporate-Governance.aspx http://www.itcportal.com/experience-itc/itc-wallpaper-2011/index.aspx