The Confederation of Indian Industry (CII) and the India Tobacco Company (ITC) Centre of Excellence for Sustainable Development (CESD) recently honoured NTPC Ltd. with the 2019 Sustainability Award in the Outstanding Accomplishment in Corporate Excellence category.
About CII-ITC Sustainability Award
Instituted in 2006 by the CII-ITC Centre of Excellence for Sustainable Development (CESD), the CII-ITC Sustainability Award recognises exceptional corporate performance in the economic, social, and environmental fields. The award plays a critical role in promoting successful models of sustainability within the Indian business sector. Furthermore, it enables CESD to impart valuable knowledge and build the capacity of Indian businesses to adopt viable sustainability practices.
The Confederation of Indian Industry is a non-government, not-for-profit organisation, steered and managed by industry itself. With members from the private and public sectors, it maintains relationships with 288 national and regional sectoral industry bodies. Its primary agenda involves creating and maintaining an environment that encourages the growth of India, its industries, government, and civil society.
Understanding the Rationale Behind the Award
The main purpose of the CII-ITC Sustainability Award is to identify and acknowledge exceptional performances in the economic, social, and environmental dimensions of Indian business. It aims to promote role models within Indian industry, and recognise businesses showing excellence in integrating sustainability into their operations.
Profile of the Awardee: NTPC Ltd
Established in 1975 to accelerate power development in India, NTPC Ltd is the country’s largest power corporation. Headquartered in New Delhi, it secured the status of a Maharatna company in May 2010 and operates under the Ministry of Power.
Recent Initiatives Launched by NTPC Ltd
The company values its role within society and embraces Corporate Social Responsibility (CSR) as part of its operational principles. This is demonstrated through initiatives such as the Girl Empowerment Mission (GEM), which is designed to uplift girls from remote areas of the country.
In addition, NTPC Ltd has implemented the Contractor’s Labour Information Management System (CLIMS). This initiative ensures that payment to contract labourers is disbursed on the last day of the month at project sites, indicating the company’s commitment to fair practices and worker welfare.
By receiving the CII-ITC Sustainability Award 2019, NTPC Ltd has not only been recognised for its exceptional corporate performance, but also for its efforts in promoting sustainable practices within the Indian business environment.