Mumbai (Maharashtra) [India], October 21 (ANI/BusinessWire India): Committed to build a vibrant, inclusive and sustainable space, Brookfield India Real Estate Trust (BIRET) has been awarded a 5-star rating for its environmental, social, and governance performance from GRESB*. The company received an overall score of 90 per cent, for operational buildings 21 per cent higher than the global average. For the recently developed buildings, GRESB awarded BIRET with a 96 per cent score.
Bengaluru (Karnataka) [India], October 18 (ANI/BusinessWire India): Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) ('Embassy REIT'), India's first listed REIT and the largest office REIT in Asia by area, is pleased to announce that it has been awarded a 5-star rating by GRESB, the leading global ESG standard for real estate and infrastructure investments, for its entire 42.8 msf operational and development portfolio. GRESB has also recognized Embassy REIT as a Sector Leader for office development in Asia for its sustainability leadership, a milestone for an Indian REIT.
Bengaluru Karnataka India Business Wire India Embassy Office Parks REIT NSE EMBASSY BSE 542602 Embassy REIT Indias first listed REIT and the largest office REIT in Asia by area is pleased to announce that it has been awarded a 4-star out of 5 stars rating in the 2021 Real Estate Assessment by GRESB the leading global ESG benchmark for real estate and infrastructure investments In its first year of participation Embassy REIT achieved a Green Star status and an overall score of 80 for its Standing Investments placing it 7 percentage points above the average Embassy REIT stood out in particular on the Governance pillar with a score of 1920 surpassing the peer average reflecting the best-in-class framework and strong corporate governance standards adopted and followed by the REIT Embassy REIT also achieved high scores for the Environmental 4762 and Social 1418 pillars taking into account the high proportion of electricity from renewable sources and the strong stakeholder programmes in areas of health education and public infrastructure which have been running for a number of years Michael Holland Chief Executive Officer Embassy REIT said We are extremely proud to be awarded a GRESB 4-star rating in our first year of participation in this prestigious global benchmark assessment Our ESG initiatives comprising 19 distinct programmes around the pillars of Responsible Business Resilient Planet and Revitalised Communities have always been a significant part of our business philosophy and our multi-year ESG action plan is already underway We will continue to strengthen our efforts by scaling up our ongoing ESG programs and commitments The rating also reflects the transparent reporting of our ESG performance to our rapidly growing investor base About Embassy REIT Embassy REIT is Indias first publicly listed Real Estate Investment Trust Embassy REIT owns and operates a 424 million square feet msf portfolio of eight infrastructure-like office parks and four citycentre office buildings in Indias best-performing office markets of Bangalore Mumbai Pune and the National Capital Region NCR Embassy REITs portfolio comprises 323 msf completed operating area and is home to 190 of the worlds leading companies The portfolio also comprises strategic amenities including two operational business hotels four underconstruction hotels and a 100MW solar park supplying renewable energy to tenants About GRESB GRESB is a mission-driven and industry-led organization that provides actionable and transparent environmental social and governance ESG data to financial markets Created in 2009 GRESB assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments and are aligned with international reporting frameworks A member-based organization GRESB is trusted by 140 institutional investors and more than 2200 fund managers companies and asset operators to improve decision-making In 2021 more than 1500 property companies REITs funds and developers participated in the Real Estate Assessment representing 57 trillion in assets under management The Assessment covers nearly 117000 assets across 66 countries For more details refer wwwGRESBcom Disclaimer This press release is prepared for general information purposes only The information contained herein is based on management information and estimates It is only current as of its date has not been independently verified and may be subject to change without notice Embassy Office Parks Management Services Private Limited the Manager in its capacity as the Manager of Embassy REIT and Embassy REIT make no representation or warranty express or implied as to and do not accept any responsibility or liability with respect to the fairness and completeness of the content hereof Each recipient will be solely responsible for its own investigation assessment and analysis of the market and the market position of Embassy REIT Embassy REIT does not provide any guarantee or assurance with respect to any distribution or the trading price of its units This press release contains forward-looking statements based on the currently held beliefs opinions and assumptions of the Manager Forward-looking statements involve known and unknown risks uncertainties and other factors which may cause the actual results financial condition performance or achievements of Embassy REIT or industry results to differ materially from the results financial condition performance or achievements expressed or implied by such forward-looking statements Given these risks uncertainties and other factors including the impact of COVID-19 on us our occupiers and the Indian and global economies recipients of this press release are cautioned not to place undue reliance on these forward-looking statements The Manager disclaims any obligation to update these forward-looking statements to reflect future events or developments or the impact of events which cannot currently be ascertained such as COVID-19 In addition to statements which are forward looking by reason of context the words may will should expects plans intends anticipates believes estimates predicts potential or continue and similar expressions identify forward-looking statements PWR PWR
Bengaluru (Karnataka) [India], October 19 (ANI/BusinessWire India): Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) ("Embassy REIT"), India's first listed REIT and the largest office REIT in Asia by area, is pleased to announce that it has been awarded a 4-star (out of 5 stars) rating in the 2021 Real Estate Assessment by GRESB, the leading global ESG benchmark for real estate and infrastructure investments.