Embassy REIT commits Rs 300 Cr Towards to its ESG and Green Initiatives As Part of Its 2040 Net Zero Carbon Operations Goal

Embassy REIT Pledges INR 300 crore towards green initiatives

Embassy office parks REIT has dedicated over Rs 300 crores to its ESG program throughout its pan-India portfolio of 43.6 million square feet.

Embassy REIT commissioned the first phase of its 20 MW solar rooftop project during its signature 'ESG Occupier Connect' meeting, which was attended by over 200 important occupiers and strategic partners.

This project, one of Asia’s biggest, intends to create 30 million units of solar electricity, offsetting about 25,000 tonnes of CO2 emissions.

Embassy REIT wants to use 75% renewable energy by 2025 as part of its 2040 net zero carbon operating objective. In addition to the present 100 MW solar plant, the REIT intends to more than quadruple its current 120 MW onsite and offshore renewable energy capacity by developing additional solar plants around Bengaluru and NCR.

This renewable energy capacity expansion will be funded by capital contributions in excess of the Rs 300 crores that Embassy REIT has previously committed to its current ESG activities.

Embassy REIT wants to reach 75% renewable energy use by 2025 as part of its 2040 net zero carbon operating objective.

Vikaash Khdloya, CEO of Embassy REIT, said:

"Embassy REIT has been on a path for years to be environmentally sensitive, socially responsible, and a governance-first firm. We have developed an industry-leading ESG framework, comprised of 19 distinct initiatives with committed investments, defined objectives, and action plans. We continue to provide and run world-class, wellness-oriented workplaces for our occupants and staff, with an emphasis on sustainability."