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ITC Receives ICSI CSR Excellence Award’ Large-scale Impactful CSR Initiatives
ITC has been recognised for innovation and sustainability in managing Corporate Social Responsibility in the ‘Large’ category.
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Indian multi-business conglomerate, ITC has been conferred with the 6th ICSI (The Institute of Company Secretaries of India) CSR Excellence Award in the ‘Large’ category for consistently demonstrating innovation and sustainability in managing Corporate Social Responsibility.
The coveted award was handed over by Amit Shah, Union Minister of Home Affairs to Prabhakar Lingareddy, Executive Vice President – Social Investments, ITC Limited at a ceremony held on December 18 at Mumbai.
Considered to be one of the most coveted awards for excellence in CSR practices, ICSI CSR Excellence Award recognizes the best corporate contributor each in the large, medium, and emerging categories.
“As a leading business conglomerate, we aim at contributing meaningfully to the societal development through a two horizon approach – by making today’s dominant sources of income sustainable and creating capabilities among people to take advantage of emerging economic opportunities of tomorrow. Going forward, we are committed to continue playing a significant role in uplifting the socio-economic status of communities as well as contribute to environment stewardship through our multi-dimensional CSR programme in its true letter and spirit," said Ashesh Ambasta, Executive Vice-President & Head - Social Investments, ITC.
ITC’s Integrated Watershed Development Programme has cumulatively covered around 1.2 million acres of water-stressed area. Over 23,000 water harvesting structures have been built, creating a storage capacity of over 43 million kl of water. The work has generated around 7.4 million person-days of employment. The company’s focused demand-side management has led to water savings of 25-40 per cent in 7 crops.
Some other key CSR programs of ITC Limited include a large-scale Afforestation programme greening over 900,000 acres and generating over 160 million person-days of employment among small and marginal farmers; Women’s Economic Empowerment programme helping to create sustainable livelihoods for around 79,000 women; Livestock Development programme covering 19 lakh milch animals.; Primary Education initiative covering over 833,000 children; Training of 100,000 youth under Skilling & Vocational Training Initiative; construction of over 38,000 individual household toilets under Health and Sanitation Programme, among others. Given the vulnerabilities faced by the agricultural sector, ITC has initiated a robust Climate Smart Agriculture programme covering over 2.5 lakh farmers across 8,000 villages. A pilot at scale for the ITC Climate Smart Agriculture initiative has demonstrated a reduction of GHG emission of select crops by 47 per cent, whilst enhancing net returns to farmers between 41 per cent to 87 per cent.
To address the evolving challenges in a post-pandemic era, ITC is building on the robust foundations of its sustainability performance to move to an even bolder and ambitious vision, titled Sustainability 2.0. This comprehensive goal-based agenda calls for inclusive strategies that can support even more livelihoods, pursue newer pathways to fight climate change and enable transition to a net zero economy apart from contributing to create an effective circular economy for post-consumer packaging waste.