ITC Share Price: Jefferies says company is Best in Class on ESG (Environmental, Social and Governance)
ITC focuses on both reducing its own carbon footprint and increasing sequestration through afforestation. 41% of its energy use comes from renewable sources and efficiency is engrained in all its offices, hotels and even data centres. It works with local communities to drive afforestation, 820000 acres of forest have been created till date leading to 150 million days of employment. ITC sequesters 2x the amount of carbon dioxide it emits, with a target to reach 4x by 2030.
ITC runs a 'Well-being out of waste (WOW)' program, which covers 12.5 million citizens and provides livelihoods to 16200 waste collectors. Its R&D is also working on new-age bio-degradable and recyclable boards and sustainable packaging materials: Reuters