India, 20 October 2022: Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, through its continued efforts towards sustainable development, has been recognized as a leader amongst global residential developers by GRESB, the leading global ESG benchmark for Real Estate and Infrastructure Investments. Mahindra Lifespaces has also achieved 1st rank in Public Disclosure for the third consecutive year, a 5-star rating in Development Benchmark with a score of 97 out of 100, and a 4-star rating in the Standing Investments benchmark with a score of 81 out of 100 amongst residential developers in Asia.
Arvind Subramanian, MD & CEO, Mahindra Lifespace Developers Ltd., said, “We are delighted with the acknowledgement and the Global Sector Leadership status received from GRESB. The recognition also instils confidence in our customers, partners, and other stakeholders, all of whom are growing more aware of the ESG efforts and impact of our business. With a 100% green portfolio since 2014, we have been a pioneer of green developments in India and are committed to developing only Net Zero buildings from 2030 onwards.”
GRESB is a mission-driven and investor-led organization that provides actionable and transparent Environmental, Social and Governance (ESG) data to financial markets. GRESB provides validated ESG performance data and peer benchmarks for investors and managers to improve business intelligence, industry engagement and decision-making.
