Embassy Office Parks REIT (Embassy REIT) has committed over Rs 300 crore to its ESG (environmental, social, and governance) program across its 43.6 million square feet pan India portfolio. During its flagship ‘ESG Occupier Connect’ forum held on March 10, 2023 attended by over 200 key occupiers and strategic partners, Embassy REIT commissioned the first phase of its 20 MW solar rooftop project. This project, one of Asia’s largest, aims to generate 30 million units of solar power, offsetting around 25,000 tonnes of CO2 emissions.
As part of its 2040 net zero carbon operations goal, Embassy REIT aims to achieve 75% renewable energy usage by 2025. Apart from the existing 100 MW solar plant, the REIT strategically plans to more than double its current 120 MW onsite and offsite renewable energy capacity by installing new solar plants across Bengaluru and NCR. This renewable energy capacity enhancement will be through additional capital investments above the Rs 300 crore already committed by Embassy REIT to its ongoing ESG initiatives.
Embassy Office Parks REIT is India’s first publicly listed Real Estate Investment Trust.
| Company Name | CMP |
|---|---|
| Bajaj Finserv | 1816.35 |
| TVS Holdings | 14470.85 |
| RattanIndia Ent | 37.79 |
| Altius Telecom Infra | 169.00 |
| Authum Inv. & Infra | 495.50 |
| View more.. | |
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