We are transitioning to a net zero carbon portfolio by increasing the use of clean and sustainable energy and reducing carbon emissions across our assets and their associated lifecycles. In line with our sustainability efforts, we design and operate buildings aligned with LEED (Leadership in Energy and Environmental Design) requirements certified by the United States Green Building Council (USGBC).
Our goal to achieve water neutrality across all our businesses is based on the tenets of reducing, reusing, and recycling. All our assets are equipped with Sewage Treatment Plants (STP) and rainwater harvesting systems. We are committed to minimizing wastewater discharge and promoting water recycling across our office parks.
In line with our goal of being a zero-waste campus, we have partnered with authorised vendors to treat hazardous waste and ensure that the waste is discarded as per regulatory guidelines. We aim to achieve 100% waste diversion from landfills by reducing, recycling and reusing the waste generated at our properties.
Mindful of the environmental implications of our projects, we have incorporated flora and fauna in all our parks. The tree plantation drives around our properties add to an increase in urban greenery and aid in decarbonisation. New landscape designs incorporating an increasing share of green walls, native greens and biophilic elements are in the pipeline.
In a bid to improve the sustainability performance across our supply chain we train and encourage our 700+ suppliers to adopt green initiatives and disclose their sustainability performance transparently. ESG clauses are incorporated in our agreements and contracts with major suppliers. We conduct audits and continually monitor and review their performance to ensure ESG compliance across our value chain.
To enhance the socio-economic well-being of communities near our operations and reduce our environmental footprint, we have defined a 1,000 km radius around our respective sites to evaluate the availability of local materials. We are developing a ‘Local Sourcing Data Tracker’ and incorporating a Local Sourcing Clause in all our major contracts.
To manage, monitor and regulate the use of green and eco-certified material usage in our portfolio, we have initiated the tracking of material certificates and have developed a certifications database. Our initiative to use EPD (Environmental Product Declaration) or HPD (Health Product Declaration) materials as well as third-party certified wood-based materials helps enhance the sustainability aspects of our projects.
Renewable energy consumption share
TARGET1
75% by FY2025
FY2025 progress
55%2
USGBC LEED certified portfolio (% of operational area)
TARGET1
100% by FY2023
FY2025 progress
100%
Water consumption reduction across the operational portfolio
TARGET1
7% by FY2025
FY2025 progress
19%
Organic Waste Converter (OWC) capacity increase
TARGET1
25% by FY2025
FY2025 progress
6%
Improve biodiversity in our properties
FY2025 Status
Fish pond developed at Embassy TechVillage to enhance aquatic biodiversity
Biodiversity-focused tree plantation program conducted on World Environment Day at Embassy Manyata Business Park
Adherence to ‘Supplier Code of Conduct’
TARGET1
100%
FY2025 progress
100%
Local sourcing share
TARGET1
70% by FY2025
FY2025 progress
87%3
Continue evaluation and adoption of local vendors for sourcing materials to maintain or improve our defined targets
Identified and added more certified and eco-labelled materials to our database
Increase usage of certified and eco-labeled materials4
FY2025 Status
Continue to identify more certified and eco-labeled materials to add to our database
Studies
The installation of solar panels allows Embassy REIT to adapt to possible future energy shortages caused due to climate variations. By making the switch to renewable energy, we are ensuring a reliable supply of power which is not reliant on depleting resources. The use of solar panels helps to reduce greenhouse gas emissions, which is a key factor in mitigating climate change. By focusing on sustainable energy sources, we are proactively lowering our contribution to rising global temperatures and other climatic disruptions. From a TCFD risk perspective, this initiative is a strategy that helps strengthen resilience against transition market risks as it reduces our exposure to carbon pricing and the Emissions Trading Scheme (ETS), given that we are lowering our carbon footprint. It can also serve as a proactive measure against policy and legal risks in anticipation of future policies designed to curb nonrenewable energy use and carbon emissions.
