Embassy REIT Conferred the Coveted ‘Golden Peacock’ Award, Recognized for its Leadership Position in Sustainability
Bengaluru, India, March 24, 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, today announced the receipt of the prestigious ‘Golden Peacock Award for Sustainability’ for the year 2021, as a recognition of its leading initiatives in the Environmental, Social and Governance (‘ESG’) field
The Golden Peacock Awards were instituted by the Institute of Directors (‘IOD’), India in 1991 and are regarded as a global hallmark for corporate excellence due to its transparent and exhaustive 3-Tier evaluation process based on internationally recognized criteria. Embassy REIT is the only Indian real estate entity to receive this recognition in the past 6 years, reinforcing its commitment to be a sustainability leader for the sector.
Michael Holland, Chief Executive Officer of Embassy REIT, said,
“We are honored to receive this prestigious award from Institute of Directors recognizing our sustainability efforts over a number of years to take an ESG leadership position in the Indian real estate sector. We have recently announced our commitment to deliver net zero by 2040 and are constantly working to align our business priorities with our sustainability goals."
Embassy REIT was also recently awarded a WELL Portfolio Score from the International WELL Building Institute (IWBI), making it the first organization in India to receive a certification for implementation of health and wellbeing strategies through a portfolio-wide approach. In addition, over 70% of Embassy REIT’s properties are already LEED USGBC / IGBC certified, with all new buildings designed to be Gold / Platinum certified. Also, Embassy REIT is the first Indian commercial real estate entity to be certified under ISO27001 certification for data security for its entire portfolio.
Over the past two years, numerous initiatives have been undertaken to improve the health, safety and wellness features of the business parks. To improve the air quality across the portfolio, Photo Hydro Ionization (PHI) air filtration systems have been installed. Automated External Defibrillators (AEDs) have also been added as a standard amenity to the business parks, ensuring medical readiness for heart-related emergencies.
About Embassy REIT
Embassy REIT is India’s first publicly listed Real Estate Investment Trust. Embassy REIT owns and operates a 42.6 million square feet (‘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 33.6 msf completed operating area and is home to over 200 of the world’s leading companies. The portfolio also comprises strategic amenities, including three operational business hotels, three under‑construction hotels, and a 100 MW solar park supplying renewable energy to tenants. For more information, please visit www.embassyofficeparks.com/esg/esg-publications.
About Golden Peacock Awards
The Golden Peacock Awards, instituted by the Institute of Directors (IOD), India in 1991, are now regarded as a benchmark of Corporate Excellence worldwide and today receives over 1000 applications for various Awards each year. The Award applications are assessed at three levels by Independent Assessors and finally by a Grand Jury, chaired by the Hon'ble Justice M. N. Venkatachaliah, former Chief Justice of Supreme Court of India.
This press release is prepared for general information purposes only. The information contained herein is based on management information and estimates. It is only current as of its date, has not been independently verified and may be subject to change without notice. Embassy Office Parks Management Services Private Limited (‘the Manager‘) in its capacity as the Manager of Embassy REIT, and Embassy REIT make no representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness and completeness of the content hereof. Each recipient will be solely responsible for its own investigation, assessment and analysis of the market and the market position of Embassy REIT. Embassy REIT does not provide any guarantee or assurance with respect to any distribution or the trading price of its units.
This press release contains forward-looking statements based on the currently held beliefs, opinions and assumptions of the Manager. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of Embassy REIT or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, uncertainties and other factors, including the impact of COVID-19 on us, our occupiers and the Indian and global economies, recipients of this press release are cautioned not to place undue reliance on these forward-looking statements. The Manager disclaims any obligation to update these forward-looking statements to reflect future events or developments or the impact of events which cannot currently be ascertained, such as COVID-19. In addition to statements which are forward looking by reason of context, the words ‘may’, ‘will’, ‘should’, ‘expects’, ‘plans’, ‘intends’, ‘anticipates’, ‘believes’, ‘estimates’, ‘predicts’, ‘potential’ or ‘continue’ and similar expressions identify forward-looking statements.