Top Rankings for ITC in Asian Sustainability Rating
ITC Ltd ranked 2nd among top companies in India
and 7th in Asia in the first of its kind Asian
Sustainability Rating (ASR(TM)) released by CSR
Asia recently.
The ASR(TM) is CSR Asia's proprietary research,
which ranks the 200 largest listed companies in
ten markets operating in Asia Pacific on their
sustainability disclosure. The ten countries
included in the ASR(TM) are: Australia, China,
Hong Kong, India, Japan, Malaysia, Pakistan,
Philippines, Singapore and Thailand.
In a world where transparency and accountability
are increasingly important, this is the first
Asian based analysis of the largest companies in
the region, allowing investors and other
stakeholders to understand the economic, social
and governance activities of listed companies. 51
indicators were used to score each of the
companies under six indicator section headings
which included Governance and Policy; Strategy and
Communication; Marketplace and Supply chain,
Workplace and people, Environment & Community and
Development.
ITC's extensive Sustainability initiatives have
contributed to creating livelihoods for more than
5 million people. These endeavours are exemplified
in large scale projects such as the ITC e-Choupal
initiative which empowers 4 million farmers, its
social and farm forestry programme that covers
over 100,000 hectares and integrated watershed
development projects that provide irrigation to
over 47,000 hectares. ITC's initiatives in the
catchment areas of its operations also include the
creation of sustainable livelihoods through
programmes such as animal husbandry covering over
3,00,000 lakh milch animals. ITC's supplementary
education programme has benefited over 2,00,000
lakh children and the Company's women empowerment
initiative has helped in creating over 20,000
rural women entrepreneurs.
The Company's strategic choice to achieve triple
bottom line performance has also enabled it to
become the only company in the world of its size
to be `Carbon positive' sequestering twice the
carbon it emits, Water positive' harvesting two
times more rainwater than its net consumption and
Solid waste recycling positive.
The Asian Sustainability Rating details are
available at : http://www.asiansr.com/c_india.php
