ITC, one of India’s largest conglomerates, has announced its focus on decarbonizing opportunities as its next horizon. The company aims to achieve net-zero carbon emissions by 2050.
ITC has taken steps to make progress towards its goal. In 2022, the company committed to investing ₹10,000 crore (US$1.2 billion) in renewable energy over the next five years. Additionally, ITC is actively reducing its carbon footprint in sectors such as agriculture, manufacturing, and hospitality.
Decarbonizing the Indian economy poses a significant challenge. However, ITC is well-equipped to take a leading role in this endeavor. The company has a strong history of innovation and sustainability. It is dedicated to making a positive environmental impact.
ITC is focusing on several decarbonizing opportunities. One area of emphasis is renewable energy. The company is investing in solar, wind, and hydro power projects. They have already commissioned a 100 MW solar power plant in Karnataka. Additionally, they have plans to add another 1,000 MW of renewable energy capacity by 2025.
Another focus for ITC is improving energy efficiency across its operations. The company has implemented measures such as LED lighting and solar water heating to reduce energy consumption.
ITC’s decarbonization efforts offer not only environmental benefits but also business advantages. The company is well-positioned to capitalize on the growing demand for renewable energy and low-carbon products and services.
Moreover, ITC’s commitment to decarbonization aligns with its social responsibility goals. Creating a sustainable future for India is a key objective for the company, and decarbonization plays a crucial role in achieving that vision.
