ITC Bags Asian CSR Award
October 31, 2012
ITC has been conferred the AIM Asian CSR Award by the Asian Forum on Corporate Social Responsibility (AFCSR), in recognition of its meaningful contribution to the creation of sustainable livelihoods and fostering economic growth in rural communities in India.
ITC won the award in the Governance and Society category for adopting the Triple-Bottom-Line model, which focuses on augmenting economic, social and environmental capital. ITC was also recognised for designing innovative social investment programmes that are integrated into its business models and support competitive value chains, encompassing the weaker sections of society. ITC's businesses and value chains support more than 5 million livelihoods.
The awards event was held in Bangkok on October 26, 2012. Thailand's Deputy Prime Minister and guest of honour, Kittiratt Na-Ranong, gave away the prizes to the winners.
"Recipients of the AIM Asian CSR Awards demonstrate leadership, sincerity, and commitment in incorporating ethical values, compliance with legal requirements, respect for individuals, involvement in communities, and protection of the environment into the way they do business," said Professor Felipe B. Alfonso, conference director of AFCSR 2012. He added, "It is our belief that CSR can only be truly sustainable when it is integrated into the company’s business model and is considered as fundamental to its business strategy, and we hope that through the Asian CSR Awards, we are providing the private sector across the region with examples of best practices."
