ITC Limited
History and Evolution
·
ITC was incorporated on August 24, 1910 under
the name Imperial Tobacco Company of India Limited.
·
As the Company's ownership progressively
Indianised, the name of the Company was changed from Imperial Tobacco
Company of India Limited to India Tobacco Company Limited in
1970 and then to I.T.C. Limited in 1974.
·
In recognition of the Company's
multi-business portfolio encompassing a wide range of businesses - Fast
Moving Consumer Goods comprising Foods, Personal Care, Cigarettes and
Cigars, Branded Apparel, Education and Stationery Products, Incense Sticks and
Safety Matches, Hotels, Paperboards & Specialty Papers,
Packaging, Agri-Business and Information Technology - the full stops in
the Company's name were removed effective September 18, 2001.
·
The Company now stands rechristened 'ITC
Limited'.
The ITC Profile
— ITC
Limited which previously stood for ‘ Imperial Tobacco
Company’ one of India's foremost private sector companies with a
market capitalization of nearly US $ 33 billion and a turnover of over US $7
billion.
— ITC
is rated among the World's Best Big Companies, Asia's 'Fab 50' and the World's
Most Reputable Companies by Forbes magazine and among India's Most Valuable
Companies by Business Today.
— ITC
ranks among India's '10 Most Valuable (Company) Brands', in a study conducted
by Brand Finance and published by the Economic Times. ITC also ranks among
Asia's 50 best performing companies compiled by Business Week.
ITC
One of India’s most valuable and admired companies
— ITC
features on the Forbes Global 2000 rankings for 2007 at position 1256
— ITC
is the only Indian FMCG company that features on the Forbes Global
2000 rankings for 2009 at position 987
— ITC
also featured on the Forbes World's Most reputable Companies List at
position 95
— It
employs over 26,000 people at more than 60 locations across India and is listed
on Forbes 2000.
— ITC
Limited completed 100 years on 24 August 2010.
ITC Diversified Business
— ITC
has a diversified presence in
— FMCG
(Fast Moving Consumer Goods),
— Hotels,
— Paperboards
& Specialty Papers,
— Packaging,
— Agri-Business
— Information
Technology.
— While
ITC is rapidly gaining market share even in its nascent businesses of Packaged
Foods & Confectionery, Branded Apparel, Personal Care and Stationery.
In July 2012, the
company disclosed an ambitious plan to invest Rs 25,000 crore, in the next five
to seven years, in a number of ventures that includes health and nutrition
R&D space.
Awards & Accolades
— ‘ITC
received the FICCI Outstanding Vision Corporate Triple Impact Award 2007 for
invaluable contribution to the triple bottom line benchmarks of building
economic, social and natural capital for the nation.
— Sustainability
Leadership Award 2007 conferred on Chairman Y C Deveshwar by the Sustainability
Forum, Zurich and SAM/SPG at the International Sustainability Leadership
Symposium
— Business
Today Award for the Best Managed Company – Retail and Consumer Products, has
been conferred on ITC in recognition of its outstanding initiatives in the
consumer products segment.
— Ryutaro
Hashimoto Incentive Prize 2007 for Environment & Development from the Asia
Pacific Forum
— In
the first of its kind S&P Environmental, Social and Corporate Governance
(ESG) ratings released recently, ITC ranked second among top Indian companies.
— The
Company has won the Corporate Social Responsibility Crown Award for Water
Practices from UNESCO and Water Digest for its distinguished work carried out
in the water sector in India.
— ITC
Limited won the top UNIDO award at the International Conference on Sharing
Innovative Agribusiness Solutions 2008 at Cairo in recognition for its
initiatives in agri business.
— ITC
has been conferred the ICAI Award for Excellence in Financial Reporting with
its Annual Report and Accounts, adjudged as a commendable entry under the
“Manufacturing and Trading Enterprises” category.
— The
Best Corporate Social Responsibility Practice Award 2008 jointly instituted by the
Bombay Stock Exchange, Times Foundation and the NASSCOM Foundation.
— e-Choupal
initiative wins global recognition:
— Stockholm
Challenge Award 2006 in the Economic Development category which recognises
initiatives that leverage Information Technology to improve living conditions
and foster economic growth in all parts of the world.
— First
Indian Company to win the Development Gateway Award 2005 for the most exemplary
contribution in the field of Information & Communication Technologies (ICT)
for development during the last 10 years
— World
Business Award 2004: International Chamber of Commerce & the
HRH Prince of Wales & International Business forum
— Harvard
University case study
— Recognized
in World Development Report 2008 published by World Bank
— Applauded
by President of India Dr APJ Kalam in his “special address during the national
symposium to commemorate 60th year of independence”
Corporate Strategies
— Sustain
multiple drivers of growth, matching internal capabilities with emerging market
opportunities
— Pursue
World class competitiveness in all businesses and across the entire value chain
— Best-in-class
in terms of:
— Internal
Vitality
— Market
Standing
— Profitability
— Strategy
of Organisation and Governance processes geared to manage multiple businesses
— Blend
core competencies and leverage ITC umbrella strengths to create new avenues of
growth
Core Values
Organization Structure
Policy on Human Rights
— Consideration
of Human Rights Impacts Across the Supply Chain
— Policy
to Ensure Respect for Human Rights Policy across the Supply Chain
— Policy
to Prevent Discrimination at Workplace
— Policy
on Freedom of Association
— Policy
Prohibiting Child Labour and Preventing Forced Labour from Workplace
— Policy
on Information and Consultation on Changes
— HIV/AIDS:
Policy Guidelines
— Compliance
— Prevention
through Awareness
— Safe
and Healthy Workplace
— Non-discrimination
— Confidentiality
ITC's EHS Policy
— To
contribute to sustainable development through the establishment and
implementation of environment standards that are scientifically tested and meet
the requirement of relevant laws, regulations and codes of practice.
— To
take account of environment, occupational health and safety in planning and
decision-making.
— To
instil a sense of duty in every employee towards personal safety, as well as
that of others who may be affected by the employee’s actions.
— To
provide and maintain facilities, equipment, operations and working conditions
which are safe for employees, visitors and contractors at the Company’s
premises.
— To
ensure safe handling, storage, use and disposal of all substances and materials
that are classified as hazardous to health and environment.
Policy on Social Investments / CSR
— To
pursue a corporate strategy that enables realisation of the twin goals of
shareholder value enhancement and societal value creation in a mutually
reinforcing and synergistic manner.
— To
implement Social Investments / CSR programmes primarily in the economic
vicinity of your Company’s operations with a view to ensuring the long term
sustainability of such interventions.
— To
contribute to sustainable development in areas of strategic interest through
initiatives designed in a manner that addresses the challenges faced by the
Indian society especially in rural India.
— To
align and integrate Social Investments / CSR programmes with the business value
chains of your Company and make them outcome oriented. To support creation of
on and off-farm sustainable livelihood sources thereby empowering stakeholder
communities to conserve and manage their resources.
ITC IT E-Waste Policy
— Preferential
dealing with IT vendors having sound E-Waste management processes
— Extending
the useful life of IT assets to postpone / minimize generation of E-Waste
— Responsible
disposal processes conforming to regulatory requirements and best practices
Few milestones in social responsibility
— e –
Choupal
— 4
million farmers empowered
— 6,500
e - Choupals installed
— Social
& Farm Forestry
— 1,25,868
hectares greened
— generating
56.64 million person - days of employment
— Watershed
Development
— 94,143
hectares
— brought
under soil and moisture conservation
— Women's
Empowerment
— 16,212
women members
— 1379
self - help groups
— Livestock
Development
— 8.38
lakhs Artificial Insemination doses
— 274
Cattle Development Centres
— Primary
Education
— Covering
2,71,710 children
— through
2,573 Supplementary Learning Centres till date
e-Choupal
— e-Choupal
leverages the Internet to empower small and marginal farmers
— timely and relevant weather information
— transparent price discovery and access to wider markets
— Enables economic capacity to proliferate at the base of the rural economy
— Today 4 million farmers use e-Choupal to advantage
— bargaining as virtual buyers’ co-operatives
— adopting best practices
— matching up to food safety norms
— Being linked to futures markets
— helping small farmers to better manage risk
Financial Report
