Mumbai, Aug 1, 2024: Real estate developer Oberoi Realty has unveiled its second Environmental, Social, and Governance (ESG) report, reaffirming its dedication to sustainable development and responsible business practices.
Vikas Oberoi, Chairman and Managing Director, stated, "Our dedication to sustainable development drives us to implement eco-friendly building practices and promote environmentally responsible business operations."
According to the report, Oberoi Realty has enhanced its ESG governance by establishing a high-level committee to oversee and drive sustainability efforts. This committee is responsible for spearheading and overseeing key sustainability functions, ensuring that the company's sustainability goals are met.
The company has set ambitious targets to positively impact society and the environment while ensuring responsible business practices. These long-term sustainability goals demonstrate Oberoi Realty's commitment to creating a positive impact on the environment and society.
Ayashkanta Rout, Head of Sustainability and CSR, said, "Our second ESG report marks a significant milestone in our reporting journey towards building a 'sustainable tomorrow'."
The report stated that the company is committed to designing and building sustainable projects, with a focus on achieving minimum gold certification. This commitment to green building certification ensures that the company's projects meet rigorous sustainability standards, reducing their environmental footprint.
The company has implemented various eco-friendly measures, including water-saving fittings, energy-efficient systems, and effective waste management. Additionally, Oberoi Realty is focused on increasing its use of renewable energy sources, reducing its reliance on non-renewable energy.
Oberoi Realty has been recognized as a top employer, with a strong focus on employee wellbeing and development programs. The company prioritizes its employees' wellbeing, providing robust programs to support their health and happiness, the report said.
In terms of long-term commitments, Oberoi Realty aims to enhance its sustainability performance and ranking annually, with a focus on improving its yearly performance in global sustainability indices. The company is also targeting a 30% diversity rate by 2030, promoting a culture of inclusion and equal opportunities.
Furthermore, Oberoi Realty has set ambitious targets to achieve water positivity by 2030, replenishing more water than it consumes. The company is also striving for net zero waste to landfill by 2030, promoting recycling and waste reduction. Finally, Oberoi Realty is targeting net-zero emissions from direct operations by 2040, reducing its carbon footprint and contributing to a more sustainable future, the report stated.
