ANNOUNCEMENTS
With ESG (Environmental, Social, and Governance) criteria increasingly taking center stage in corporate agendas, establishing a robust mechanism for defining, managing, and measuring ESG objectives has become imperative. This necessitates a comprehensive evaluation of the ESG performance of supply chain. The study takes a systematic approach involves the development of procedures for accurate data collection and validation, ensuring the reliability of the assessment process. Self-Assessment based Questionnaire helps in performance tracking which is facilitated through a rating system enabling stakeholders to gauge progress and identify areas for improvement on a year-on-year basis.
In addition to above, Personal Care Product Business (PCPB), aims for compliance with SEBI-BRSR (Securities and Exchange Board of India - Business Responsibility and Sustainability Reporting) mandates with meticulous monitoring of key performance indicators (KPIs) via creation of dashboard which helps in identifying discrepancies and gap areas which can form a roadmap towards corrective action plans. Similarly, adherence to ITC Sustainability policies is monitored through performance evaluations against predefined commitments, supported by streamlined workflows and time-bound project tracking mechanisms.
This structured framework ensures the seamless integration and attainment of ESG objectives within the organizational fabric, thereby fostering a culture of sustainable and responsible business practices. Through systematic evaluation and continual improvement, businesses can navigate the evolving landscape of ESG standards while simultaneously contributing to positive societal and environmental outcomes.
