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Godrej Properties tops Global Real Estate Sustainability Benchmark amongst listed global residential developers for a second consecutive year

Updated On : 27 Oct 2021

Godrej Properties is the only real estate developer in India to achieve this global recognition twice in a row

Godrej Properties Limited (GPL), one of India’s leading real estate developers, has announced that GRESB, an organization that provides Environmental, Social and Governance (ESG) benchmarks for real estate organizations across the world has recognized Godrej Properties as a global Real Estate Development Sector Leader for listed residential real estate.

Each year GRESB recognizes and celebrates participants from across the world who have excelled with their leadership and commitment as real estate sector leaders with the expectation that these organizations will help drive ESG improvements across the industry. Godrej Properties has participated in the benchmark assessment since 2013 and achieved its highest score of 95 points this year retaining its leadership position with the highest GRESB score amongst listed residential developers. Amongst 450 listed real estate companies across the globe, GPL’s Public Disclosure score too has been improved significantly with a score of 100 and a rating of A. The company’s ESG disclosures are prepared in accordance with GRI requirements and are externally assured to meet the highest standards of transparency and integrity.

Godrej Properties is the only real estate developer in India to achieve this global recognition.

Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said, "Delivering environmental sustainability, a positive social impact, and good governance have always been an integral part of our values at Godrej. This prestigious global recognition will further motivate our entire team to continue to improve our ESG performance across all aspects of our business."

What is GRESB Rating, and why is it important?

GRESB is a mission driven and investor led organization providing standardized and validated Environmental, Social and Governance (ESG) data to the capital markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world.

The 2021 real estate benchmark covers more than 1,500 property companies, real estate investment trusts (REITs), funds, and developers. Our coverage for infrastructure includes more than 700 infrastructure funds and assets. Combined, GRESB represents US $5.7 trillion in real asset value.

The reported ESG data is used by more than 130 institutional and financial investors to monitor investments across portfolios and understand the opportunities, risks and choices that need to be made as the industry transitions to a more sustainable future.