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ITC on a Green High

28 Jun 2024

Achieves 2030 Renewable Energy Target 7 Years Ahead

FMCG giant ITC Ltd has set a remarkable precedent in the renewable energy sector by achieving its 2030 target of 50% renewable energy use seven years ahead of schedule. In its annual report for FY24, ITC announced that over 50% of its energy requirements are now met from renewable sources, up from 43% the previous year. This achievement underscores the company's steadfast commitment to sustainability and reducing its dependence on fossil fuels.


Green Milestones and Innovations

ITC's impressive strides towards sustainability are evident in various initiatives across its diverse business segments. Key highlights include:

  • Renewable Energy Integration: ITC has commissioned 205 MW of solar and wind power capacity nationwide, significantly reducing its carbon footprint. The company leverages biomass, wind, and solar energy to meet its energy demands, ensuring a greener and more sustainable operational framework.

  • Advanced Technologies: The state-of-the-art High-Pressure Recovery Boiler at the Bhadrachalam mill of ITC’s Paperboards & Specialty Papers Business stands out as a significant technological advancement. This boiler replaced conventional soda recovery boilers, reducing coal consumption by approximately 25%, thereby minimizing the carbon footprint.

  • Green Building Certifications: ITC's commitment to green construction is reflected in its numerous certifications. The company's factories, luxury hotels, and office complexes boast top-tier certifications from the US Green Building Council (USGBC) and Indian Green Building Council (IGBC). Notably, 40 of ITC’s buildings have received Platinum certification, and 23 hotels have been awarded the LEED Platinum Certification.

  • LEED Zero Carbon Achievements: ITC’s dedication to achieving carbon neutrality is evident in its hotels and data centers. Twelve hotels have received the prestigious LEED Zero Carbon Certification, making ITC the first in the world to attain this distinction. Additionally, the Sankhya data center in Bengaluru has become the world's first data center to receive the LEED Zero Carbon certification.


Commitment to Sustainability

ITC’s journey towards achieving over 50% renewable energy usage is part of a broader strategy to integrate green features into all its constructions, including hotels, manufacturing units, warehouses, and office complexes. The company’s sustainability efforts are aligned with global standards and aim to create a lasting positive impact on the environment.


Conclusion

ITC Ltd’s achievement of its 2030 renewable energy target in FY24, seven years ahead of schedule, is a testament to its unwavering commitment to sustainability and innovation. As ITC continues to expand its renewable energy portfolio and green initiatives, it sets a benchmark for other companies in the FMCG and hospitality sectors to follow.

ITC's proactive approach to embracing renewable energy and sustainable practices highlights its leadership in driving environmental stewardship and corporate responsibility.

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