Embassy REIT Certified For The World’s Largest USGBC LEED Platinum v4.1 O+M Office Portfolio
Bengaluru, India, December 07, 2022
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 platinum-certified 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.
About Embassy REIT
Embassy REIT is India’s first publicly listed Real Estate Investment Trust. Embassy REIT owns and operates a 43.2 msf portfolio of eight infrastructure-like office parks and four city‑centre office buildings in India’s best-performing office markets of Bangalore, Mumbai, Pune, and the National Capital Region (‘NCR’). Embassy REIT’s portfolio comprises 33.4 msf completed operating area and is home to over 200 of the world’s leading companies. The portfolio also comprises strategic amenities, including four operational business hotels, two under‑construction hotels, and a 100 MW solar park supplying renewable energy to tenants. For more information, please visit www.embassyofficeparks.com.
The Green Business Certification Inc. (‘GBCI’) is a premier organization independently recognizing excellence in green business industry performance and practice globally. Established in 2008, GBCI exclusively administers project certifications and professional credentials and certificates within the framework of the U.S. Green Building Council’s Leadership in Energy and Environmental Design, (LEED) green building rating systems, as well as the PEER standard for power systems, the WELL Building Standard,the Sustainable SITES Initiative (SITES), EDGE(Excellence in Design for Greater Efficiencies), TRUE certification for zero waste, Investor Confidence Project (ICP) for energy efficiency retrofits.
About GBCI India
GBCI India was incorporated in 2016 to facilitate the global growth of GBCI and its sustainability programs and to provide on-the-ground support to the project teams and professionals advancing LEED in the region. The 50+ technical experts and professionals who make up GBCI India’s core team bring years of subject matter expertise and come from diverse backgrounds, but all share a passion and underlying commitment to being part of the sustainable transformation of real estate and construction sectors in India. For more information, please visit www.gbci.org/india and follow @GBCI_India on Twitter and LinkedIn.
The Leadership in Energy and Environment Design (‘LEED’) green building certification system is the foremost program for the design, construction, maintenance, and operations of green buildings. Every day, more than 2.6 million square feet of space is certified using LEED. More than 107,000 projects are currently participating in the commercial LEED rating systems, comprising more than 24 billion square feet of construction space in 182 countries and territories. In addition, there are nearly 2 million registered and certified residential units. India is currently the fourth largest market in the world for LEED. Learn more at usgbc.org/LEED and review the Foundations of the LEED development process. LEED v4.1, the latest version of LEED, raises the bar on building standards to address energy efficiency, water conservation, site selection, material selection, day lighting and waste reduction. For further details, please visit LEED v4.1 O+M.
The U.S. Green Building Council (‘USGBC’) is committed to a prosperous and sustainable future through cost-efficient and energy-saving green buildings. USGBC works toward its mission of market transformation through its LEED green building program, robust educational offerings, an international network of local community leaders, the annual Greenbuild International Conference & Expo, the Center for Green Schools and advocacy in support of public policy that encourages and enables green buildings and communities. For more information visit usgbc.org and connect on Twitter, Facebook and LinkedIn.
For more information please contact:
Head of Investor Relations
Head of PR and Communications, Embassy REIT
For GBCI please contact:
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