New Delhi, October 18, 2023: Global Real Estate Benchmark (GRESB), an international membership organization assessing the environmental, social, and governance performance of real estate portfolios, has recognized Lodha for adopting practices to preserve the environment. The Indian multinational real estate company headquartered in Mumbai ranked first in Asia among residential real estate developers with a score of 100 out of 100 in the Development Benchmark.
GRESB data is used by capital providers and asset managers to benchmark investments across portfolios and to better understand the opportunities, risks, and choices that need to be made as the industry transitions to a more sustainable future. The assessment evaluates performance against the components of management, performance, and development which have indicators allocated to one of the three dimensions of ESG.
Sharing his views, Aun Abdullah, Head - ESG, Lodha said,“Sustainability is at the core of all that we do at Lodha. Our vision is to redefine urban development and lead India’s transition to achieve Net Zero by 2070.This recognition by GRESB is an assertion of our dedication to making a net positive impact on both society and the environment.”
“GRESB Sector Leaders embody the industry's champions, leading the charge towards a net-zero future and propelling the sector forward. We wholeheartedly commend this year's Sector Leaders for their dedication, leadership and commitment to ESG principles and sustainability," said Sebastien Roussotte, CEO, GRESB.
In the Standing Investments Benchmark, Lodha ranked 8th in Asia in the category of Diversified - Office/ Retail with a score of 90 out of 100. It has also received recognition of GRESB Global Sector Leader in Residential Development.
