SEM PROJECT
SUBMITTED TO:-
DR. RAJUL SINGH
SUBMITTED BY:-
SHEKHAR MITTAL
SEC-A (PGDM)
FT-10-944
Shekhar
INTRODUCTION TO SUSTAINABLE DEVELOPMENT
Environmental, economic and social well-being for today and tomorrow
The idea of sustainable development grew from numerous environmental movements in earlier
decades. Summits such as the Earth Summit in Rio, Brazil, 1992, were major international
meetings to bring sustainable development to the mainstream.
However, the record on moving towards sustainability so far appears to have been quite poor.
The concept of sustainability means many different things to different people, and a large part of
humanity around the world still live without access to basic necessities.
Sustainable development is an eclectic concept, as a wide array of views fall under its umbrella.
The concept has included notions of weak sustainability, strong sustainability and deep ecology.
Different conceptions also reveal a strong tension between ecocentrism and anthropocentrism.
Many definitions and images (Visualizing Sustainability) of sustainable development coexist.
Broadly defined, the sustainable development mantra enjoins current generations to take a
systems approach to growth and development and to manage natural, produced, and social
capital for the welfare of their own and future generations.
During the last ten years, different organizations have tried to measure and monitor the proximity
to what they consider sustainability by implementing what has been called sustainability metrics
and indices.[14]
Sustainable development is said to set limits on the developing world. While current first world
countries polluted significantly during their development, the same countries encourage third
world countries to reduce pollution, which sometimes impedes growth. Some consider that the
implementation of sustainable development would mean a reversion to pre-modern lifestyles.
GLOBAL SCENARIO
There are many international bodies around the world which are helping the world to protect our
environment. Here are few examples:
GSG
The Global Scenario Group was founded in 1995 as an independent, international and
interdisciplinary body to examine world prospects and ways of fostering a more sustainable and
equitable future.
GSG research includes analysis of the driving forces, critical uncertainties and stresses on social
and environmental systems for each scenario. The Tellus Institute's PoleStar System provides a
comprehensive data base and accounting framework for quantifying alternative scenarios,
including economic, social, resource and environmental patterns for eleven world regions. The
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research identifies the policies, values, institutions, technologies, and life-styles required for a
sustainable future.
The Tellus Institute, along with the Stockholm Environment Institute, convened the influential
Global Scenario Group in 1995 as an international and interdisciplinary body to examine
alternative futures and the requirements for a transition to sustainability. GSG's work continues
on an expanded scale through the Tellus Institute's Great Transition Initiative, a network of
several hundred scholars and activists.
Business Council for Sustainable Development (WBCSD)
The World Business Council for Sustainable Development (WBCSD) is a CEO-led, global
association of some 200 international companies dealing exclusively with business and
sustainable development.
Its origins date back to the 1992 Rio Summit, when Stephan Schmidheiny, a Swiss business
entrepreneur, was appointed chief adviser for business and industry to the secretary general of
the United Nations Conference on Environment and Development (UNCED), better known as
the Rio de Janeiro Earth Summit of 1992. He created a forum called "Business Council for
Sustainable Development", which went on to Changing Course, a book that coined the concept
of Eco-efficiency.
The WBCSD was created in 1995 in a merger of the Business Council for Sustainable
Development and the World Industry Council for the Environment and is based in Geneva,
Switzerland with offices in Washington, D.C. and Brussels, Belgium.
The WBCSD sees itself as a catalyst, both in the sense that it can catalyze business to buy into
the concept of sustainable development and to change the way they run their operations. The
organization also sees itself as a catalyst in the process of global policy development, by
representing and promoting the role of business in achieving sustainable development.
The Internet, Global Healthcare Management Systems and Sustainable Development:
Future Scenarios
Telecommunications technologies and the Internet offer a revolution in management of global
healthcare systems and sustainable development. This paper explores emergent
telecommunications infrastructures and their consequences for the future of healthcare
management using a scenario methodology. A world systems view from evolutionary economics
provides a unique perspective on sustainable development. System performance on the
dimensions of universal access, equitable resource allocation and consumer participation are
evaluated in light of ideological, political and cultural considerations of governance. Alternative
scenarios vary according to market dynamics led by healthcare institutions (push) or by
consumer demand (pull), and according to system control mechanisms that may be
technologically embedded, institutional or behavioural. The scenario analysis suggests that
telecommunications technologies and the Internet may contribute significantly to improve global
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healthcare system performance, to manage ideological diversity and to reduce the wide inequities
that separate the industrialized nations from the developing world.
INDIAN SCENARIO
Sustainable development in India now encompasses a variety of development schemes in social,
cleantech (clean energy, clean water and sustainable agriculture) and human resources segments,
having caught the attention of both the Central and State governments and also public and
private sectors.
In fact, India is expected to begin the greening of its national income accounting, making
depletion in natural resources wealth a key component in its measurement of gross domestic
product (GDP).
As per a report by UN Environment Program (UNEP), 'Global Trends in Sustainable Energy
Investment 2010', released on July 2010, India was ranked eighth in the world in terms of
investment in sustainable energy. The report further stated that India invested around US$ 2.7
billion in sustainable energy in 2009.
Wind energy attracted 59 per cent of financial investment in clean energy in India. India was
placed fifth in the world for installed wind power during the year.
Biomass and waste was the second largest sector recipient of investment, generating US$ 0.6
billion of new financial investment or 22 per cent of the total.
India's sustained effort towards reducing greenhouse gases (GHG) will ensure that the country's
per capita emission of GHG will continue to be low until 2030-31, and it is estimated that the per
capita emission in 2031 will be lower than per capita global emission of GHG in 2005, according
to a new study. Even in 2031, India's per capita GHG emissions would stay under four tonnes of
CO2, which is lower than the global per capita emission of 4.22 tonnes of CO2 in 2005.
India has been ranked ninth in the tree planting roll of honour in 2009 in a campaign to plant a
billion trees, which was launched by the United Nations Environment Programme (UNEP) in
November 2006.
The Secretary of the Ministry of Environment and Forests, Mr. Vijay Sharma, announced that
India has joined the United Nations Environment Programme's Plant for the Planet: Billion Tree
Campaign (BTC) by planting two billion trees since 2007.
The number of carbon credits issued for emission reduction projects in India is set to triple over
the next three years to 246 million by December 2012 from 72 million in November 2009,
according to a CRISIL Research study.
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This will cement India's second position in the global carbon credits market (technically called
Certified Emission Reduction units or CERs). The growth in CER issuance will be driven by
capacity additions in the renewable energy sector and by the eligibility of more renewable energy
projects to issue CERs. Consequently, the share of renewable energy projects in Indian CERs
will increase to 31 per cent.
ITC LIMITED: INTRODUCTION
ITC is one of India's foremost private sector companies with a market capitalisation of over US $
30 billion and a turnover of US $ 6 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,
among India's Most Respected Companies by BusinessWorld 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 has a diversified presence in Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging,
Agri-Business, Packaged Foods & Confectionery, Information Technology, Branded Apparel,
Personal Care, Stationery, Safety Matches and other FMCG products. While ITC is an
outstanding market leader in its traditional businesses of Cigarettes, Hotels, Paperboards,
Packaging and Agri-Exports, it is rapidly gaining market share even in its nascent businesses of
Packaged Foods & Confectionery, Branded Apparel, Personal Care and Stationery.
As one of India's most valuable and respected corporations, ITC is widely perceived to be
dedicatedly nation-oriented. Chairman Y C Deveshwar calls this source of inspiration "a
commitment beyond the market". In his own words: "ITC believes that its aspiration to create
enduring value for the nation provides the motive force to sustain growing shareholder value.
ITC practices this philosophy by not only driving each of its businesses towards international
competitiveness but by also consciously contributing to enhancing the competitiveness of the
larger value chain of which it is a part."
ITC's EHS Policy
ITC’s mission is to sustain and enhance the wealth-generating capacity of its portfolio of
businesses in a progressively globalising environment. As one of India’s premier corporations
employing a vast quantum of societal resources, ITC seeks to fulfil a larger role by enlarging its
contribution to the society of which it is a part. The trusteeship role related to social and
environmental resources, aligned to the pursuit of economic objectives, is the cornerstone of
ITC’s Environment, Health and Safety philosophy. ITC’s EHS philosophy cognises for the twin
needs of conservation and creation of productive resources.
In the multi-business context of ITC, Corporate Strategies are designed to create enduring value
for the nation and the shareholder, through leadership in each business and the attainment of
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world-class competitive capabilities across the value chain. The objective of leadership extends
to all facets of business operations including Environment, Health and Safety.
ITC is, therefore, committed to conducting its operations with due regard for the environment,
and providing a safe and healthy workplace for each employee. Various international and
national awards and accreditations stand testimony to ITC’s commitment to EHS. Such external
recognition further reinforces the need to direct the collective endeavour of the Company’s
employees at all levels towards sustaining and continuously improving standards of
Environment, Health and Safety in a bid to attain and exceed benchmarked standards, whether
regulatory or otherwise.
STRUCTURE FOR EM MODEL
A Carbon Positive Corporation
The phenomenon of Climate change, a result of global warming, is caused principally by large-
scale emissions of gases such as carbon dioxide (CO2). Global warming exacerbates the
challenges of poverty and environmental degradation and poses a threat of far reaching
consequences.
ITC has been at the forefront of corporate India's initiatives to progressively reduce Green House
Gas emissions. Its businesses continue to enlarge the Company's positive carbon footprint
through energy conservation, use of renewable sources of energy and identifying ways of
mitigating the adverse effects of climate change caused by global warming. ITC has
implemented several CDM projects under the Kyoto Protocol and ensured carbon dioxide (CO2)
sequestration through large-scale social and farm forestry initiatives.
ITC has proactively aligned its strategies and joined international efforts in mitigating/delaying
the adverse impacts of climate change. All ITC businesses strive to minimize energy
consumption and wherever possible use environment friendly sources of energy.
Water Positive Corporation
India faces a turbulent water future. Home to over 17% of the global population and having
access to less than 4% of its fresh water resources, India's water scarcity is likely to worsen over
the years.
ITC's sustainability initiatives, in the area of water, focuses on:
1. Achieving the lowest specific water consumption (water used per unit of production)
through conservation, audit and benchmarking.
2. Zero water discharge - treating and recycling all waste water, thereby not only reducing
fresh water intake but also preventing pollution of fresh water resources.
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3. Creating a positive footprint - through rainwater harvesting, both within our own units
and across different watershed areas.
ITC continues to make progress on its sustainability initiatives relating to water through
Conservation to achieve the lowest specific water consumption (water used per unit of
production); Zero Effluent Discharge by treating and recycling all waste water. Rainwater
Harvesting both at the Company premises and through external watershed development projects
in socially relevant areas have consolidated ITC's water positive status for 8 consecutive years.
Total rainwater harvesting potential so far developed by the Company is more than 3 times the
total water consumed by its operations.
Waste Recycling Positive
Waste management, in India, is an area of serious concern, with significant proportions of waste
being disposed through land filling and dumping.
Most landfills and dumping sites are serious health hazards to people living in the neighbourhood
and can also cause soil and water contamination.
Cigarette factories at Bengaluru, Saharanpur, Munger and Kolkata, Leaf Threshing Units at
Chirala & Anaparti, Paperboards & Specialty Paper Units at Tribeni, the ITC Green Centre at
Gurgaon, Surya Nepal's Cigarette factory at Simra, and ITC Hotels - Maurya, Maratha, Grand
Central, Sonar, Windsor, Mughal, Kakatiya & Sheraton Hotels New Delhi & Rajputana reused/
recycled almost the entire waste generated (more than 99%) out of their operations.
ACHIEVEMENTS
Some Major Awards Received by the Company in 2009-10 related to environment
management
Mr K Vaidyanath, Executive Director was adjudged the Best CFO by CNBC-TV18 in the
FMCG Category.
ITC Limited ranked 2nd among top companies in India and 7th in Asia in the first of its kind
Asian Sustainability Rating released by CSR Asia.
ITC’s social and farm forestry programme won the 2nd NASSCOM Social Innovation Honours
for bringing about social change and development through technology.
ITC's Sustainability Report 2009 was adjudged one of the best global reports in the 'Carbon
Disclosure' category in CRRA '10 (Corporate Responsibility Reporting Award '10), the only
global body to evaluate Corporate Responsibility Reports.
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ITC becomes the first Indian company to gain membership with WWF GFTN for responsible
forestry.
ITC PSPD Unit Kovai received the Award for ‘Excellent Water Efficient Unit’ for the third year
at the 6th National Awards for Excellence in Water Management 2009, organised by the CII
Sohrabji Godrej Green Business Centre, Hyderabad.
National Tourism Award for ‘Best Eco-Friendly Hotel’ from Ministry of Tourism for ITC
Maurya.
ITC Sonar received the ‘Green Initiative of the Year’ Award from Hotelier India for its CDM
project on reduction of CO2 emission.
CONCLUSION
The Company has used GRI-G3 Guidelines and relevant protocols. The systems and procedures
applied by the Company for
collection, collation and interpretation of non-financial data on environment and social
performance, for reporting purpose,
are reliable.
The initiatives on carbon sequestration, waste recycling and creating rainwater harvesting
potential demonstrate the
Company’s commitment on these key sustainability issues. The Company’s carbon positive
status is based on improvements
in specific energy consumption, increasing share of energy from renewable resources and
sequestration of CO2 emissions
through social and farm forestry initiatives. The water-positive status is based on reduction of
specific water consumption
and creation of the rainwater harvesting structures with an evaluated rainwater harvesting
potential. Waste recycling positive
status of the company is by recycling of wastes generated out of their operations and external
wastes used as raw material. We
observed significant initiatives on sustainability management across the business Units visited .
Our responsibility in performing our assurance activities is to the management of the Company
only, and in accordance
with the terms of reference agreed with the Company. We do not therefore accept or assume any
responsibility for any other purpose or to any other person or organisation.
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