Embassy Office Parks REIT has been certified by Green Business Certification Inc. (GBCI) for operating and maintaining the world’s largest USGBC LEED Platinum v4.1 O+M certified office portfolio in India. It has received this certification for all 77 operational buildings across 12 office parks in Bangalore, Mumbai, Pune and NCR.
Embassy REIT has received the certification for all its operational properties spanning 33.4 msf, indicating adherence to the highest operational standards for sustainability.
Vikaash Khdloya, CEO, Embassy REIT, said, “We are extremely pleased to have achieved this significant milestone. We continue to drive sustainable growth of our business as part of our commitment to achieve net zero carbon operations by 2040.”
Gopalakrishnan Padmanabhan, Managing Director, Southeast Asia and Middle East of GBCI India, said, “We commend Embassy REIT for its inspiring sustainability and energy efficiency efforts at its properties in Bangalore, Mumbai, Pune, and NCR. We are confident that this will encourage many companies across industries and sectors to adopt green initiatives.”
In October 2021, Embassy REIT announced its commitment to achieve 75% renewable energy usage across its properties by FY 2025, as part of its ESG strategy. An existing 100 MW solar plant supplying electricity to its Bangalore properties, and an ongoing project to install solar rooftop panels with a capacity of over 20 MW across its pan-India asset-base are central to achieving this target. Embassy REIT has also implemented several initiatives to reduce energy and water consumption, as well as promote waste recycling in its parks.
GBCI is India’s leading authority on sustainability in building design, construction, and operations and is a part of the U.S. Green Building Council (‘USGBC’), which provides independent oversight of professional credentialing and project certification under the Leadership in Energy and Environmental Design (‘LEED’) green building rating system.
