Our Digital Sustainability Report is designed to be eco-friendly through the implementation of sustainable web design principles.
We leverage advanced programming techniques to ensure that our digital presence is both efficient and environmentally conscious.
Embracing our steadfast commitment to ESG principles, we craft a sustainable future by nurturing assets that flourish ethically, benefit society, and generate enduring value for all stakeholders.
Candor TechSpace, Sector 21, Gurugram
The 2023-24 Sustainability report represents a transformative year for Brookfield India REIT as we embrace the opportunities presented by climate change and the shifting geopolitical landscape. This report explores our strategic shift towards resilience through digitalization, decarbonization, and deglobalization of our operations.
The report highlights India’s rise as a digital leader, with our Class A campuses serving as the hubs of global digital innovation. Our unwavering commitment to a Net Zero future is underscored by our ambitious target to source 100% renewable power by 2027 for our India portfolio. In addressing global supply chain challenges, we are building strong partnerships and emphasizing localized talent, goods, and services to ensure our operations are sustainable and economically beneficial.
This approach reinforces our dedication to ESG principles, keeping us at the forefront of creating sustainable, future-ready communities.
Our sustainability report for the period from April 1, 2023, to March 31, 2024, presents an in-depth review of 7 assets within the listed Brookfield India REIT.
We have prepared this report in accordance with the GRI Universal Standards 2021 and have aligned our reporting with key industry benchmarks, including SASB, DJSI, CDP, SBTi and the UN SDGs, applying them where relevant to our operations.
Our carbon footprint calculations adhere to the operational control approach of the GHG Protocol, a globally recognized standard by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).
Candor TechSpace, Newtown, Kolkata
To strengthen trust in our ESG initiatives, we have secured independent external assurance from TÜV SÜD for our key environmental, health and safety performance indicators, in alignment with the AA1000AS principles. This ensures that our reporting is transparent, credible and meets the highest standards of accountability. The detailed independent assurance statement is available on page 144 of the report. Your feedback is invaluable to us. We encourage you to share your views, questions, or suggestions to help us continue refining our sustainability practices and reporting standards. We welcome feedback from our stakeholders for continual improvement of our ESG performance and reporting standards and invite you to send your views, questions or feedback to:
Assistant Vice President, ESG Brookfield India REIT esg.india@brookfieldproperties.com
Crisil House, Downtown Powai
Brookfield India REIT is at the forefront of transforming the real estate sector in India, driven by a steadfast commitment to sustainability and responsible investment. In step with global trends and standards, we understand the growing importance of Environmental, Social and Governance (ESG) practices within our industry.
This report outlines our strategic initiatives centered on Decarbonization, Deglobalization and Digitalization—key pillars that support the development of a resilient and technologically advanced built environment. Our efforts not only address emerging challenges but also position us as leaders in creating sustainable communities that flourish both economically and socially. As part of our commitment to achieve Net Zero emissions by 2040, we aim to make a tangible impact on the environment and the communities we serve, reaffirming our role as innovators and collaborators in shaping India’s real estate future.
Our Decarbonization strategy is centered around reaching Net Zero by 2040 or sooner, with an ambitious milestone of transitioning our entire India portfolio to renewable energy by 2027. Through the adoption of energy-efficient systems and sustainable building designs, we empower our tenants to significantly reduce their carbon footprints. This forward-thinking approach not only sets new standards for environmental responsibility but also creates workplaces that demonstrate our leadership in sustainability
In response to global supply chain disruptions, our Deglobalization strategy emphasizes strengthening partnerships with local suppliers and ensuring ethical practices across our operations. By committing to 99% local sourcing and conducting thorough human rights assessments for all vendors, we actively support India’s 'Make in India' initiative. This localized focus enhances supply chain resilience and contributes to the economic growth of the communities we serve.
Digitalization is revolutionizing our operations, solidifying Brookfield India REIT’s position as an innovation leader in India’s real estate sector. We are investing in cutting-edge technologies that improve digital capabilities for our tenants, driving both creativity and operational efficiency. These efforts include the deployment of digital compliance tools and Internet of Things (IoT)-based systems for smarter resource management, ensuring that our tenants thrive in an increasingly data-driven world while reinforcing our commitment to digital transformation in real estate.
Candor TechSpace, Sector 135, Noida
As we move forward, Brookfield India REIT is committed to not just adapting to the future of India’s real estate landscape but shaping it. Our initiatives are designed to leave a lasting legacy-creating a thriving, sustainable environment and uplifting the communities we serve, for generations to come.
