Potential offtaker

Godrej Properties Limited

www.godrejproperties.com

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Godrej Properties Limited is a leading real estate developer in India, with a strong presence in the Multi Asset Class Own & Develop sector. The company was founded in 1990 and is part of the Godrej Group, one of India's oldest and most respected business conglomerates. Godrej Properties Limited is known for its innovative and sustainable approach to real estate development, and has won numerous awards and accolades for its projects.

One of the key areas of focus for Godrej Properties Limited is decarbonisation. The company recognises the urgent need to reduce greenhouse gas emissions and combat climate change, and is committed to playing its part in this global effort. To this end, Godrej Properties Limited has implemented a number of initiatives aimed at reducing its carbon footprint and promoting sustainable development.

One of the most important of these initiatives is the company's focus on renewable energy. Godrej Properties Limited has invested heavily in renewable energy sources such as solar and wind power, and has set ambitious targets for the amount of renewable energy it aims to generate. The company has also implemented a number of energy efficiency measures, such as the use of LED lighting and the installation of energy-efficient HVAC systems, to reduce its overall energy consumption.

Another important aspect of Godrej Properties Limited's sustainability strategy is its corporate energy programme. The company has implemented a comprehensive energy management system to monitor and control its energy consumption, and has set targets for reducing its energy use and carbon emissions. The company also works closely with its suppliers and contractors to ensure that they adhere to the same high standards of energy efficiency and sustainability.

In addition to its focus on renewable energy and energy efficiency, Godrej Properties Limited has also implemented a corporate power purchase agreement (PPA) programme. Under this programme, the company purchases renewable energy from third-party providers, helping to support the growth of the renewable energy sector in India. This not only helps to reduce the company's carbon footprint, but also contributes to the development of a more sustainable energy infrastructure in the country.

Godrej Properties Limited's commitment to sustainability extends beyond its own operations and into the wider community. The company is actively involved in a number of community development projects, including the provision of affordable housing and the development of sustainable urban infrastructure. The company also works closely with local communities to promote sustainable living practices and raise awareness of the importance of environmental conservation.

Overall, Godrej Properties Limited is a leading example of a company that is committed to decarbonisation and sustainable development. Through its focus on renewable energy, energy efficiency, corporate energy, and corporate PPA, the company is helping to reduce its carbon footprint and promote a more sustainable future for India and the world.

✓ Science Based Targets member
Strategies for a Low-Carbon Rental and operating of own or leased real estate: Decarbonization Insights

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