Bengaluru, Karnataka, India:
Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the biggest workplace REIT in Asia by space, is happy to announce that it has been awarded a 5-star ranking by GRESB, the main world ESG commonplace for actual property and infrastructure investments, for its whole 42.8 msf operational and improvement portfolio. GRESB has additionally acknowledged Embassy REIT as a Sector Leader for workplace improvement in Asia for its sustainability management, a milestone for an Indian REIT.
Vikaash Khdloya, CEO, Embassy REIT, stated, “We’re proud to report that our industry leading ESG program has once again been recognised by GRESB, the global standard in ESG benchmarking. In only our second year of participation, we’ve received the highest rating of 5 stars for both our operational and development portfolio. ESG remains a key pillar of our strategy to deliver long-term value to all our stakeholders.”
In line with its 2040 net-zero dedication, Embassy REIT created a 3-year roadmap for its 19 ESG applications throughout three pillars – Resilient Planet, Revitalized Communities, and Responsible Business and continues to make vital progress on the identical. Embassy REIT achieved an total GRESB rating of 96% for its Development portfolio and 87% for its Standing Investment portfolio. Embassy REIT stood out in specific with a full rating on the ‘Governance’ pillar of the GRESB Real Estate evaluation, reflecting the best-in-class company governance requirements adopted and adopted by the REIT.
GRESB is a mission-driven and industry-led group offering standardized and validated Environmental, Social, and Governance (ESG) information to monetary markets. Established in 2009, GRESB has turn out to be the main ESG benchmark for actual property and infrastructure investments the world over, used by greater than 170 institutional and monetary traders to tell decision-making. The GRESB ESG Benchmark grew this 12 months to cowl greater than USD 8.6 trillion of belongings below administration, up from USD 6.4 trillion the 12 months earlier than.
Embassy REIT is India’s first publicly listed Real Estate Investment Trust. Embassy REIT owns and operates a 42.8 million sq. toes (‘msf’) portfolio of eight infrastructure-like workplace parks and 4 metropolis‑centre workplace buildings in India’s best-performing workplace markets of Bangalore, Mumbai, Pune, and the National Capital Region (‘NCR’). Embassy REIT’s portfolio includes 33.8 msf accomplished working space and is residence to over 200 of the world’s main firms. The portfolio additionally includes strategic facilities, together with 4 operational business accommodations, two below‑building accommodations, and a 100 MW photo voltaic park supplying renewable power to tenants. For extra data, please go to www.embassyofficeparks.com.
Click right here for Media Contact Details
Abhishek Agarwal (Head of Investor Relations), Embassy REIT, [email protected], +91-8047222222
Shwetha Reddy (Head of PR and Communications), Embassy REIT, [email protected], +91-8867845915
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