Mahindra Lifespace Developers, the real estate and infrastructure development arm of the $15.4 billion Mahindra Group, has released its triple bottom-line focused Sustainability report based on the Global Reporting Initiative (GRI) guidelines. The report has been assigned as A+ as per GRI - G3 guidelines, indicating the highest level of transparency and voluntary disclosure. Mahindra Lifespace Developers is the first company in the real estate sector in India to publish a GRI compliant Sustainability Report.
The company has followed the Global Reporting Initiative (GRI) Sustainability Reporting G3 Guidelines which is the mostly adopted non-financial reporting framework in the world and used to help communicate sustainability performance while encouraging transparency and accountability. Besides, third party assurance has been given by KPMG after having audited the disclosures.
Mahindra Lifespace Developers (MLDL) is the real estate and infrastructure development subsidiary of Mahindra & Mahindra (M&M). At present, M&M holds 51% of the equity share capital of MLDL. MLDL has two main lines of businesses - standalone real estate development and development of integrated business cities.