Top Recognition by Global Benchmarks Places Lodha Among the Foremost Sustainability Performers in the World
11.12.2024 - 16:06:45
Business Wire India
Lodha, India’s leading real estate developer, has achieved recognition for its sustainable development initiatives by multiple reputed global sustainability benchmarks. This highlights Lodha’s commitment to sustainable urbanisation and its transformative programs including the company’s transition to operational carbon neutrality (Scope 1 and 2), setting ambitious 1.5°C-aligned targets validated by the Science-Based Targets initiative (SBTi), and driving innovations through the Lodha Net Zero Urban Accelerator.
Commenting on the recognition, Aun Abdullah, Head of ESG, Lodha, said, "Global recognitions reaffirm our commitment to sustainability and decarbonization. We aim to lead the real estate sector's transition to net zero through our climate action framework and the Net Zero Urban Accelerator with RMI. Our work demonstrates that growth decoupled from emissions is possible, providing a blueprint for sustainable urbanization in India.”
Comprehensive Approach to Climate Action
Lodha’s sustainable urbanisation programs are built around the core concepts of resilience and decarbonisation, spread across focus areas including climate resilience, low carbon materials, energy efficiency and transition. At the heart of this strategy is Palava, a thriving city-scale development that also acts as a “live laboratory” for testing innovative sustainability solutions. Successful ideas and solutions are scaled and shared with stakeholders, furthering Lodha’s leadership in advancing India’s 2070 net zero emissions target.
Lodha Shines in Top Three Global Sustainability Benchmarks
GRESB, or Global Real Estate Sustainability Benchmark, is an organization that provides sustainability benchmarks and ESG (environmental, social, and governance) assessments for real estate and infrastructure. They are globally recognized and driven by investors.
The S&P Global ESG Score is a relative score measuring a company's performance on and management of ESG risks, opportunities, and impacts compared to their peers within the same industry classification.
*As of 26th November, 2024
The World Benchmarking Alliance is a non-profit organization that assesses and ranks the world’s most influential companies on their contribution to the Sustainable Development Goals. None of our peers are in the top 10.
About Lodha
Lodha, India’s leading real estate developer, is driven with the passion of building world’s finest developments across its residential, commercial and digital infrastructure portfolio. The company has delivered ~100 million square feet of real estate and is currently developing more than 110 million square feet under its on-going and planned portfolio. Lodha creates developments with self-contained eco-systems, great outdoor spaces, & robust infrastructure and brings every facility, convenience and near commerce to the doorstep through its integrated digital platform Bellevie, transforming lives of its residents. The company is committed to becoming a net-zero carbon emissions company by 2050, leading the real estate industry's low-carbon transition and acting in the larger interest of the environment and society. The company also has a growing Digital Infrastructure business where, it has scaled up and made its mark in a short span of time.
For more information, please visit Lodha's website.
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| Top Recognition by Global Benchmarks Places Lodha Among the Foremost Sustainability Performers in the World |
- Adjudged No. 1 in the real estate industry globally at the Urban Benchmark published by the World Benchmarking Alliance
- Ranked 1st in Asia with a perfect score of 100/100 in the Residential Development Benchmark category at Global Real Estate Sustainability Benchmark 2024 (GRESB)
- Ranked 1st in India at S&P Global Corporate Sustainability Assessment 2024, in real estate
Lodha, India’s leading real estate developer, has achieved recognition for its sustainable development initiatives by multiple reputed global sustainability benchmarks. This highlights Lodha’s commitment to sustainable urbanisation and its transformative programs including the company’s transition to operational carbon neutrality (Scope 1 and 2), setting ambitious 1.5°C-aligned targets validated by the Science-Based Targets initiative (SBTi), and driving innovations through the Lodha Net Zero Urban Accelerator.
Commenting on the recognition, Aun Abdullah, Head of ESG, Lodha, said, "Global recognitions reaffirm our commitment to sustainability and decarbonization. We aim to lead the real estate sector's transition to net zero through our climate action framework and the Net Zero Urban Accelerator with RMI. Our work demonstrates that growth decoupled from emissions is possible, providing a blueprint for sustainable urbanization in India.”
Comprehensive Approach to Climate Action
Lodha’s sustainable urbanisation programs are built around the core concepts of resilience and decarbonisation, spread across focus areas including climate resilience, low carbon materials, energy efficiency and transition. At the heart of this strategy is Palava, a thriving city-scale development that also acts as a “live laboratory” for testing innovative sustainability solutions. Successful ideas and solutions are scaled and shared with stakeholders, furthering Lodha’s leadership in advancing India’s 2070 net zero emissions target.
Lodha Shines in Top Three Global Sustainability Benchmarks
- Global Real Estate Sustainability Benchmark 2024 (GRESB)
- 1st in Asia with a score of 100/100 in the Residential Development Benchmark category
- 1st in India and 5th in Asia with a score of 94/100 in the Standing Investments category
GRESB, or Global Real Estate Sustainability Benchmark, is an organization that provides sustainability benchmarks and ESG (environmental, social, and governance) assessments for real estate and infrastructure. They are globally recognized and driven by investors.
- S&P Global 2024 Corporate Sustainability Assessment
- 6th highest score out of ~500 Global Real Estate Development companies; 1st in India*
The S&P Global ESG Score is a relative score measuring a company's performance on and management of ESG risks, opportunities, and impacts compared to their peers within the same industry classification.
*As of 26th November, 2024
- Urban Benchmark published by the World Benchmarking Alliance
- 1st among 84 in the real estate industry globally and 3rd among 300 companies
The World Benchmarking Alliance is a non-profit organization that assesses and ranks the world’s most influential companies on their contribution to the Sustainable Development Goals. None of our peers are in the top 10.
About LodhaLodha, India’s leading real estate developer, is driven with the passion of building world’s finest developments across its residential, commercial and digital infrastructure portfolio. The company has delivered ~100 million square feet of real estate and is currently developing more than 110 million square feet under its on-going and planned portfolio. Lodha creates developments with self-contained eco-systems, great outdoor spaces, & robust infrastructure and brings every facility, convenience and near commerce to the doorstep through its integrated digital platform Bellevie, transforming lives of its residents. The company is committed to becoming a net-zero carbon emissions company by 2050, leading the real estate industry's low-carbon transition and acting in the larger interest of the environment and society. The company also has a growing Digital Infrastructure business where, it has scaled up and made its mark in a short span of time.
For more information, please visit Lodha's website.
