Potential offtaker

Mahindra Lifespaces Developers Limited

www.mahindralifespaces.com

Estimated electricity consumption

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Countries of production presence

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Mahindra Lifespaces Developers Limited is a leading real estate development company in India that operates in the residential owners and developers sector. The company is committed to building sustainable communities that are environmentally responsible and socially inclusive. Mahindra Lifespaces Developers Limited is a subsidiary of Mahindra Group, a diversified conglomerate with interests in automotive, aerospace, agribusiness, and hospitality industries.

The company's commitment to sustainability is reflected in its business practices and operations. Mahindra Lifespaces Developers Limited is focused on decarbonisation and reducing its carbon footprint through the adoption of renewable energy sources. The company has set ambitious targets to reduce its carbon emissions by 50% by 2030 and to achieve net-zero carbon emissions by 2050.

Mahindra Lifespaces Developers Limited is actively pursuing corporate energy initiatives to reduce its reliance on fossil fuels and transition to renewable energy sources. The company has invested in solar power plants and wind farms to generate clean energy for its operations. Mahindra Lifespaces Developers Limited has also implemented energy-efficient measures in its buildings, such as the use of LED lighting and energy-efficient HVAC systems, to reduce energy consumption and lower carbon emissions.

Corporate power purchase agreements (PPAs) are a key component of Mahindra Lifespaces Developers Limited's renewable energy strategy. The company has signed several long-term PPAs with renewable energy providers to ensure a stable and reliable supply of clean energy for its operations. These PPAs have enabled the company to reduce its carbon footprint and achieve significant cost savings.

Mahindra Lifespaces Developers Limited is also committed to promoting renewable energy adoption in the communities where it operates. The company has launched several initiatives to educate and raise awareness about the benefits of renewable energy among its stakeholders. Mahindra Lifespaces Developers Limited has also partnered with local governments and non-profit organizations to implement renewable energy projects in underserved communities.

In addition to its renewable energy initiatives, Mahindra Lifespaces Developers Limited is also focused on sustainable building practices. The company has adopted green building standards, such as LEED and IGBC, in its construction projects to ensure that its buildings are energy-efficient, environmentally sustainable, and socially responsible. Mahindra Lifespaces Developers Limited has also implemented waste management and water conservation measures in its buildings to reduce its environmental impact.

Mahindra Lifespaces Developers Limited's commitment to sustainability has been recognized by several industry bodies and organizations. The company has received several awards and accolades for its sustainable business practices, including the CII-ITC Sustainability Award, the Green Building Congress Award, and the Energy Conservation Award.

In conclusion, Mahindra Lifespaces Developers Limited is a leading real estate development company in India that is committed to building sustainable communities. The company's focus on decarbonisation, corporate energy, corporate PPA, and renewable energy has enabled it to reduce its carbon footprint and promote renewable energy adoption in the communities where it operates. Mahindra Lifespaces Developers Limited's sustainable business practices have earned it recognition and accolades from industry bodies and organizations, and it continues to be a leader in sustainable real estate development in India.

✓ Science Based Targets member
✓ Declared Net Zero commitment