Mindspace REIT Partners with Global Network for Zero to Achieve Net Zero Certification by 2042

Mindspace Business Parks REIT has partnered with the Global Network for Zero to certify its entire office portfolio as net zero by 2042. The initiative starts with the Airoli West building, focusing on energy efficiency and emissions reduction. The partnership emphasizes Mindspace's ongoing commitment to sustainable practices and environmental stewardship.

Mumbai, Maharashtra, India – Business Wire India Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) ('Mindspace REIT') has announced a significant partnership with the Global Network for Zero (GNFZ), the world's leading net-zero certification body, marking an important milestone in its sustainability initiatives.

The certification process will commence with the evaluation of a building at Mindspace Airoli West. Already a 'Platinum' certified building under LEED v4.1 O+M, this site will aim to further reduce Scope 1, 2, and 3 emissions through energy efficiency measures and green power procurement.

Ramesh Nair, CEO of Mindspace REIT, highlighted the significance of this partnership as it aligns with their sustainability goals. Mahesh Ramanujam, CEO and Co-Founder of GNFZ, praised Mindspace for its leadership in sustainability and expressed excitement for the collaboration. The initiative is a step towards significant emission reductions in the real estate sector.

(With inputs from agencies.)