Leadership Messages

Prioritizing Key Issues for Impact

At Brookfield India REIT, we consider ESG as an integral part of our business strategy. We constantly take efforts to identify and prioritize sustainability issues that have the most significant impact on our stakeholders and business operations. In this direction, we conduct materiality assessments every two years to determine the material topics that are relevant to us as well as to our stakeholders. The materiality matrix is reviewed and approved by the leadership. The assessment outcomes are then integrated into the company’s Enterprise Risk Management (ERM) framework for regular monitoring.

In FY 2024, we undertook the assessment for the second time in our reporting history to understand the material topics that have significant impact on us. This exercise enabled us to update our priorities both from the outside in and inside out perspective for an improved coverage.

Our Approach

In the initial phase of our materiality assessment, we focused on identifying ESG issues relevant to both the industry and Brookfield India REIT’s operations. This process involved peer benchmarking, analyzing global industry trends, relying on global third party frameworks and considering the evolving ESG landscape. Subsequently, we identified relevant stakeholders, including investors and NGOs. Stakeholder engagement was facilitated through various methods such as interviews and surveys to capture their inputs on the identified material topics. Interviews were conducted with selected management and functional leaders to understand their perspectives on managing and addressing ESG issues at Brookfield India REIT. Additionally, computer-assisted surveys were distributed among stakeholders, asking them to rate the material topics based on their impact on Brookfield India REIT’s operations.

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The materiality matrix was developed using the perspectives of a diverse range of 124 survey responses obtained from a range of stakeholders. The inputs were analyzed to prioritize critical issues and plot the materiality matrix. This matrix illustrates 25 significant issues, ranked according to their importance to both stakeholders and the business.