Mindspace REIT Aims for Net Carbon Zero by 2042 with ESG Milestones

Mindspace Business Parks REIT released its 3rd Annual ESG report showcasing progress in environmental stewardship, social responsibility, and corporate governance. The REIT aims to achieve Net Carbon Zero status by 2042, aligning with global climate goals and India's target. Significant milestones include increasing renewable energy consumption and reducing emissions.

Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE), a prominent owner and developer of Grade-A office portfolios in India's key micro-markets, has unveiled its 3rd Annual ESG report for FY 2023-24. The report, titled 'Impact Unveiled', displays the company's strides in enhancing environmental stewardship, social responsibility, and corporate governance.

The REIT also announced a target to achieve Net Carbon Zero status by 2042, in alignment with the Paris Agreement's goal to limit global temperature rise to 1.5°C and supporting India's ambition for net zero by 2070.

Ramesh Nair, CEO of Mindspace Business Parks REIT, emphasized the company's commitment to sustainable growth, citing the organization's GRESB rankings and green building portfolio as evidence of their dedication. The REIT has already seen substantial progress, increasing renewable energy consumption to 31,842 MWh and reducing Scope 1 & 2 emissions by 30.5% since FY 2019-20.

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