Here is a summary of the article in 400 words:
ITC Limited, a leading Indian conglomerate, has set ambitious sustainability targets for 2030 under its Sustainability 2.0 initiative. The strategy aims to tackle climate change, water security, and community development. The company has made significant progress in achieving its sustainability goals, showcasing its commitment to a sustainable future.
One of the key highlights of ITC’s Sustainability 2.0 is its access to renewable energy. The company has achieved 50% of its total energy from renewable sources six years ahead of its target, and it aims to source 100% of its grid electricity from renewable energy. ITC has also reduced its specific water consumption by 34% in Branded Packaged Foods and 27% in FMCG Cigarettes since 2018-19, and aims to reduce it by 40% by 2030.
The company is also taking steps to address climate change, aiming for a 50% reduction in greenhouse gas emissions by 2030. It has seen significant progress, with a 43% reduction in emissions in Packaged Foods and 25% in Paperboards since 2018-19. ITC’s social and farm forestry initiatives cover 1.16 million acres and aim to reach 1.5 million acres, enhancing carbon sequestration.
ITC is also prioritizing water security, with its Watershed Development program covering 1.63 million acres, aiming to reach 2.2 million by 2030. The company has built 32,400 water harvesting structures, aiming for 50,000, with a storage potential of 54.26 million kiloliters.
In addition, ITC is focusing on empowering farmers and communities through its climate-smart agriculture initiatives, which cover 2.79 million acres and aim to reach 4 million by 2030. The company is also supporting 6,755 climate-smart villages, aiming for 10,000.
ITC’s sustainability efforts have earned recognition, including being ranked ‘A’ in CDP Water and a spot in the Dow Jones Sustainability Index. The company’s commitment to sustainability is guided by its triple bottom line approach, which balances economic, environmental, and social growth.