ITC Ltd.

BSE: 500875 | NSE: ITC
Large Cap | Cigarettes/Tobacco
279.70
-2.20 (-0.78%)
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ITC targets to meet 100% electricity requirements from renewable sources by 2030

Date: 07-01-2021

ITC has set a target to meet 100 per cent of purchased grid electricity requirements from renewable sources by 2030 as part of its Sustainability 2.0 Vision. Currently, ITC meets over 40 per cent of its electrical energy requirement through renewable sources like wind, solar, and biomass.

Under its Sustainability 2.0 Vision, company aims to meet 100 per cent of electrical energy needs from renewable sources by 2030 and is also planning to invest further in strengthening its renewable energy portfolio in order to contribute meaningfully to the fight against climate change. Besides investing in new renewable energy assets, it also aims to achieve a 50 per cent reduction in specific emission and 30 per cent reduction in specific energy consumption by 2030 over a 2014-15 baseline.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.