Lodha ranks no. 1 as the most sustainable real estate company in India in the S&P Global Corporate Sustainability Assessment

Lodha, India's No. 1 real estate developer by Cumulative Residential Sales for FY 2016-2022, receives an exceptional score in S&P Global Corporate Sustainability Assessment (CSA) 2022. Lodha achieved a score of 75 (out of 100), the highest amongst the real estate companies in India. Globally, this ranks Lodha amongst the top 1% most sustainable companies out of over 858 companies.

The S&P Global Corporate Sustainability Assessment (CSA) is one of the leading evaluations of companies' sustainability practices, held annually. With an aim of baselining its ESG impact, Lodha first appeared on this benchmark last year, and since then, it has significantly improved its position this year.

Commenting on the ratings, Aun Abdullah, Head - ESG, Lodha, said, "Our S&P Global Corporate Sustainability Assessment scores are a testimony to our unwavering commitment to sustainability. Being devoted to the 'do good, do well' philosophy, our overarching goal is to be a 'net-positive' organization that creates a positive impact on both - our planet and the people. It's heartening that we continue to be recognised on global benchmarks, it also helps us to quantify our continuous improvement in sustainability and calibrate our performance with the best. We wish to maintain and improve our scores and take a global leadership position through our ongoing efforts on sustainability".

With an ardent focus on achieving the highest standard of governance and becoming a global leader in sustainability, Lodha has been driving business excellence by formulating exemplary initiatives and associations. Lodha recently launched the 'Lodha Net Zero Urban Accelerator' in partnership with a global think tank Rocky Mountain Institute (RMI) to catalyse the adoption of sustainable practices in the sector and propel India towards a low-carbon economy. Lodha also focuses strongly on achieving diversity & inclusion at the workplace. Lodha's efforts towards unleashing the potential of young minds as well as empowering women are part of its goal of building the nation stronger.

Shares of Macrotech Developers Limited was last trading in BSE at Rs. 990.90 as compared to the previous close of Rs. 1032.80. The total number of shares traded during the day was 9491 in over 934 trades.

The stock hit an intraday high of Rs. 1036.95 and intraday low of 977.00. The net turnover during the day was Rs. 9426320.00.

Source : Equity Bulls

Keywords

MacrotechDevelopers INE670K01029 LODHA RealEstate ExceptionalScore CSA2022 SandP