The Global Real Estate Sustainability Benchmark (GRESB), an organization that provides Environmental, Social and Governance (ESG) benchmarks for real estate organizations across the world, has recognised Godrej Properties as a sector leader globally and in Asia for listed residential projects. Godrej Properties said it has participated in the benchmark assessment since 2013 and achieved its highest score of 95 points this year. It is the only real estate developer in India to receive this global recognition.
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.
Mr. 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 global recognition will motivate our entire team to continue to improve our ESG standards across all parts of our operations.”
The 2020 real estate benchmark covered more than 1,200 property companies, real estate investment trusts (REITs), funds, and developers. Its coverage for infrastructure included more than 540 infrastructure funds and assets. Combined, GRESB represents US $5.3 trillion in real asset value.
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.