Mumbai, Maharashtra, India:
The integration of key features of Environment, Social and Governance (ESG) into Mindspace REIT’s business mannequin, spotlight its dedication to stakeholder engagement, inclusive development, best-in-class atmosphere practices and strong company framework. The REIT’s emphasis on robust ESG insurance policies and distinctive danger administration framework, have additionally been acknowledged by the GRESB evaluation, which is mirrored in the ultimate scores.
Sebastien Roussotte, CEO of GRESB stated, “Looking at this year’s benchmark, the industry’s embrace of ESG continues to be reflected in our strong participation numbers and increased data coverage, signalling that real assets investors and managers alike remain steadfast in their commitment to sustainability.”
Mr. Vinod Rohira, Chief Executive Officer, Mindspace Business Parks REIT, stated, “Our constant efforts towards integrating ESG into the business, have helped us achieve 5 Star GRESB Rating in Development Benchmark and 4 Star for Standing Investment Benchmark. We have also emerged as one of the top developers in Asia. This rating recognizes not just our initiatives, but also considers stakeholders’ confidence and contribution towards achieving our ESG purpose and we thank them for continuing to stay invested in our growth story.”
Mindspace Business Parks REIT, sponsored by Okay Raheja Corp group, listed on the Indian bourses in August 2020. The REIT owns high quality workplace portfolios positioned in 4 key workplace markets of India, particularly Mumbai Region, Pune, Hyderabad, and Chennai. It has a complete leasable space of 31.8 msf, with superior infrastructure and facilities, and is likely one of the largest Grade-A workplace portfolios in India. The portfolio consists of 5 built-in business parks and 5 high quality unbiased workplace belongings. It has a diversified and high-quality tenant base, with over 175 tenants as of June 30, 2022. Most of the buildings in the portfolio are both Gold or Platinum Green Building Certified (IGBC/LEED). The belongings present a community-based ecosystem and have been developed to satisfy the evolving requirements of tenants, and the calls for of ‘new age businesses’, making it amongst the popular choices for each multinational and home firms. To know extra go to www.mindspacereit.com.
About GRESB
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 into the main ESG benchmark for actual property and infrastructure investments internationally, utilized by greater than 170 institutional and monetary buyers to tell decision-making. For extra info, go to GRESB.com.
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