ITC achieves carbon, water positive status

Press Trust of India Posted: Mar 21, 2008 at 0204 hrs
Kolkata, March 20 Diversified conglomerate ITC Limited has achieved the milestone of a carbon positive, water positive and close to zero solid waste discharge company as per the Sustainability Report for the year 2007.

The report, published for the fourth consecutive year, was in accordance with the stringent G3 guidelines of the Global Reporting Initiative.

The report, prepared by PriceWaterHouseCoopers, is disclosure of ITC’s economic, social and environmental performance. Commenting on the report, ITC chairman Y C Deveshwar said, “It was a matter of great pride as it was the only enterprise in the world of its size and diversity to achieve the milestone.”

The chairman added that the report was a pointer of the company’s endeavour to achieve the triple bottomline objectives of contributing to building economic, social and ecological capital for the nation.

Deveshwar said over the last three years, total shareholder returns, measured in terms of market capitalisation and dividends, grew at a compound rate of 32 per cent per annum.