ESG OVERVIEW

Sustainable Solutions.
Collective Well-being.

As leaders of sustainable development, we are deeply committed to driving wellness through our ESG principles. Our commitment to Environmental, Social, and Governance, isn't just about meeting standards; it's about setting new benchmarks for excellence. Our dedication to ESG not only reflects our values but also drives our long-term success and resilience. We believe in transparent reporting and continuous improvement, ensuring that our stakeholders can trust in our commitment to creating a positive impact on the business, environment and community at large. At Mindspace REIT, we’re not just building structures; we're constructing legacies of sustainability.

Ramesh Nair
Chief Executive Officer

Our ESG Commitments

Our ESG strategy is aligned with 10 out of the 17 Sustainable Development Goals (SDGs) defined by the United Nations Development Program (UNDP).

ESG Framework

We aim to enhance our ESG (Environmental, Social, and Governance) framework with a focus on ecological health, social wellbeing, and ethical business practices. This approach helps us identify the relevant factors, thus reinforcing our value-creation efforts.

We invest in positively impacting our environment, workforce and communities, while upholding robust corporate governance and prioritizing the interests of each of our stakeholders.

Our purpose

Building a sustainable ecosystem

Strategic pillars

S1
Resource Conservation and Efficiency
S2
Employee and Community Relations
S3
Responsible Business Conduct

Focus areas

Carbon Neutral Operations

Community and Tenant Relationships

Human Capital Development

Responsible Sourcing & Supplier Engagement

Human Rights & Ethical Conduct

Health and Safety

Futuristic Buildings

Responsible Portfolio

The key strategic pillars that are the cornerstone of our ESG strategy include:

Resource Conservation and Efficiency

Emphasizes our efforts towards using resources sustainably. The policy serves as a guidance document to develop and implement programs in line with our focus areas.

Employee and Community Relations

Establishes guidelines to ensure the good health and well-being of our employees and to nurture strong relationships with our communities.

Responsible Business Conduct

Highlights our commitment to the highest standards of ethical conduct and integrity. This policy guides the development and implementation of the programs that we endeavor to undertake for building a responsible portfolio.

ESG Highlights

9

Sword of Honour Awards by the British Safety Council’s Occupational Health and Safety Audit across seven assets over an operational area exceeding 24 msf

Mindspace REIT is India’s first real estate entity to join the Climate Group’s RE100 initiative, committing to 100% renewable energy use by 2050.

Mindspace REIT has been accorded 5 Star GRESB Rankings as under:
  • Becomes 1st Indian Commercial Real Estate Entity to receive the title of ‘Global Listed Sector Leader’ in 2023 GRESB – receiving a 100/100 in Office Development Benchmark
  • Ranked 1st in Asia in the ‘Listed Companies Category’ for Commercial Business Development
  • Receives 5 Star GRESB Rating in office development benchmark for the second consecutive year

Mindspace REIT is the first real estate entity from India to join the EV100 Initiative by the Climate Group pledging to transition to 100% electric mobility by 2030

Vision

Our goal is to create a sustainable future that generates long-term value for all stakeholders, including our customers, investors, employees, and the wider community. We are committed to taking a holistic approach that integrates Environmental, Social, and Governance (ESG) considerations into our business practices.

FY24 Highlights

Environment

46.4%

Total water recycled during FY24

99.9%

Portfolio certified with minimum Gold IGBC Certification

28.9%

Renewable energy in the energy mix

100%

Waste generated is diverted to authorized recyclers

9

BSC Sword of Honour across 7 assets

8 CATEGORIES

Covered under Scope 3 emission

Social

11+

Average ESG training hours per employee

ZERO

Fatalities across operations

75.5

Net Promoter Score

87.8%

Customer Satisfaction Response Rate

Employee Retention Rate

Governance

14.3%

Women Director on the Board

57%

Independent Directors on the Board

77%

Materials sourced locally

`5.5 BN

Green Bonds issued

100%

Critcal suppliers covered under Supplier Code of Conduct

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