ITC sees a future in green houses - The Economic Times
March 13, 2010
ITC
Ltd, with business interests ranging from tobacco
to FMCG to hotels, has taken an in-principle
decision to achieve 'Platinum LEED' rating - the
highest global certification for
environment-friendly buildings - for every major
construction it takes up from now on. The move,
which perhaps marks the first such initiative
taken by a corporate group in the country, would
involve every hotel, office building, factory or
shop that ITC plans to build.
"We have big plans to grow which involve
investment in new buildings. Our objective is to
reduce our carbon footprint across the company's
operations and on its premises. The initiative
will also encompass every existing property and
office premises that ITC owns. For instance, for those
properties which come up for renovation, we will
introduce environment-friendly systems and
processes that will set the ball rolling for them
to achieve the 'green' rating," Kurush Grant,
member, corporate management committee, ITC Ltd.
He was speaking to ET on the sidelines of a
seminar on 'UK-India Business Partnership: Low
Carbon Economy', organised by CII to mark the
visit to Kolkata of the UK's representative for
trade and industry, Prince Andrew, Duke of York.
Incidentally, Platinum LEED, which stands for
Leadership in Energy and Environment Design, is a
US Buildings Council certification, has recently
inspired an Indian standard in 'Teri-Griha' or The
Energy and Research Institute's Green Rating for
Integrated Habitat Assessment. The latter was
devised for India keeping local conditions in mind
and involve energy efficiency, water conservation,
environment.
"At present, we are implementing the initiative
through in-house knowledge gathered over the
years. If we get the right kind of experts we
could also work with them," Mr Grant added.
The company has already made a beginning of
sorts in green buildings with the ITC Sonar Kolkata
being the first hotel in the world to achieve the 'green' tag. "ITC has eight CDM projects registered so
far," Mr Grant added. Apart from ITC Sonar, two
other buildings that have already received green
credits are ITC Royal Gardenia in Bangalore and ITC
Green
Centre in Gurgaon.
Earlier, speaking at the seminar, Mr Grant shared
some of ITC's experience with green initiatives.
ITC's
move to lower carbon footprint is being built
around each business model and through corporate
social responsibility around each unit, he said.
For example, in its paper and packaging business,
ITC
faced a choice on whether to import wood pulp from
Indonesia or to take up social forestry. It chose
the latter and has now emerged as one of the
champions in carbon sequestration, with 30% of its
energy coming from renewable sources.