Mahindra Lifespaces, the real estate and infrastructure development arm of Mahindra Group, has achieved ‘Leadership’ status in the 2021 Global Climate Change report by CDP, a leading international nonprofit that runs an environmental disclosure system for investors, companies, cities, states and regions. Mahindra Lifespaces is the only real estate company from India to have secured ‘Leadership’ ranking in CDP’s Climate Change assessment in the last five years. It is also one of only ten Indian companies in the ‘A-‘ band for Climate Change in 2021. Mahindra Lifespaces has been recognised for climate change stewardship, including governance, disclosure practices and management of risks.
2021 marks the eighth year of CDP disclosure by Mahindra Lifespaces. CDP encourages companies and governments to reduce their greenhouse gas emissions, and switch to more sustainable materials and operations.
Arvind Subramanian, Managing Director & CEO, Mahindra Lifespaces, said, “Mahindra Lifespaces is proud to be leading the charge towards environmental responsibility and transparency in the Indian real estate sector. As a pioneer of green buildings in India, we hope that our initiatives will inspire others to take action, and together, add up to effect a significant change that will positively impact homebuyers. We are already taking concrete steps to optimise our operations and are working on integrating multi-pronged approaches into every aspect of the value chain to mitigate environmental impact.”
Mahindra Lifespaces has paved a unique path as a real estate developer with a 100% ‘green’ certified portfolio since 2014. All Mahindra Lifespaces projects incorporate climate-responsive design, green architecture, and environment-friendly building materials which are sourced through a sustainable supply chain. Mahindra Lifespaces is one of the first real estate companies in India to have committed to the global Science Based Targets initiative (SBTi). The Company is also targeting carbon neutrality by 2040 and is currently actioning its 2025 sustainability roadmap.
The company has also signed up to the IGBC Mission on Net Zero 2050. The aim of the movement is to bring about multi-fold benefits in the areas of reduced emissions; technology deployment; clean air; adoption of cleaner fuels; improved health for customers and employees; reduced operational costs; and lower maintenance costs for customers, among others.
