Embassy REIT Certified For The World's Largest USGBC LEED Platinum v4.1 O+M Office Portfolio

Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) ('Embassy REIT'), India's first listed REIT and the largest office REIT in Asia by area, has achieved the distinction of operating and maintaining the world's largest 'USGBC LEED Platinum v4.1 O+M' certified office portfolio by Green Business Certification Inc. ('GBCI').

Embassy REIT received this certification for all 77 operational buildings spread across 12 office parks in Bangalore, Mumbai, Pune and NCR. The largest office REIT in Asia by area, Embassy REIT has achieved this LEED Platinum certification for all of its operational properties totaling 33.4 msf, indicating adherence to the highest operational standards for sustainability.

Vikaash Khdloya, CEO, Embassy REIT, said, "We are extremely pleased to have achieved this significant milestone. To become the world's largest USGBC LEED platinumcertified office portfolio reinforces our leadership position in providing truly world-class and sustainability-focused properties to global occupiers and their employees. We continue to drive sustainable growth of our business as part of our commitment to achieve net zero carbon operations by 2040."

Gopalakrishnan Padmanabhan, Managing Director, Southeast Asia & Middle East of GBCI India, said, "Embassy REIT is a noteworthy example of how businesses can be successful and profitable, while also caring for people and the environment. We commend Embassy REIT for its inspiring sustainability and energy efficiency efforts at its properties in Bangalore, Mumbai, Pune, and NCR. We are confident that this will encourage many companies across industries and sectors to adopt green initiatives."

In October last year, as part of its ESG strategy, Embassy REIT announced its commitment to achieve 75% renewable energy usage across its properties by FY2025. An existing 100 MW solar plant supplying electricity to its Bangalore properties, as well as an ongoing project to install solar rooftop panels with a capacity of over 20 MW across its pan-India asset-base are central to achieving this target. Embassy REIT has also implemented several initiatives to reduce energy and water consumption, as well as promote waste recycling in its parks.

GBCI is India's leading authority on sustainability in building design, construction, and operations and is a part of the U.S. Green Building Council ('USGBC'), which provides independent oversight of professional credentialing and project certification under the Leadership in Energy and Environmental Design ('LEED') green building rating system.

Shares of Embassy Office Parks REIT was last trading in BSE at Rs. 344.53 as compared to the previous close of Rs. 343.04. The total number of shares traded during the day was 11711 in over 313 trades.

The stock hit an intraday high of Rs. 344.98 and intraday low of 340.31. The net turnover during the day was Rs. 4024415.00.

Source : Equity Bulls

Keywords

EmbassyOfficeParks REIT USGBC LEEDPlatinum Certification GreenBusinessCertification