Mahindra Lifespaces Receives Double ‘A’ Leadership Ranking by CDP
Mahindra Lifespace Developers Limited, the real estate arm of Mahindra Group, announced that it has secured a double ‘A’ leadership ranking in corporate transparency and performance on climate change and water security by CDP, a global non-profit that runs the world’s environmental disclosure system for companies, cities, states, and regions. CDP encourages companies and governments to reduce their greenhouse gas emissions, and switch to more sustainable materials and operations. Mahindra Lifespaces is the only Indian company to secure a place on CDP’s annual ‘A’ list and has been awarded the ‘Leadership’ status. The year 2022 marks the ninth year for Mahindra Lifespaces disclosing its sustainability performance through CDP. Speaking about the achievement Arvind Subramanian, Managing Director & CEO, of Mahindra Lifespace Developers Ltd, said, “The recognition is a testament to our commitment, efforts, and transparency in sustainable development. Over the years, our initiatives towards integrating technology and research into developing sustainable habitats have enabled us to go above and beyond in this journey. We leverage innovation and thoughtful design to craft quality of life and business growth, and this recognition from CDP further strengthens our resolve. As we work to realize our mission to be a net-zero company, this recognition only reaffirms our belief and motivates us to drive actionable change.” Mahindra Lifespaces has paved a unique path as a real estate developer with a 100% green-certified portfolio since 2014. The Company also has established a new benchmark in the field of sustainable development with the launch of India’s first Net Zero Energy residential project in Bengaluru. Another major milestone in Mahindra Lifespaces’ journey is its commitment to build only Net Zero buildings from 2030 onwards. In line with Mahindra Lifespaces’ commitment to craft environment-friendly developments, all buildings, cities and industrial clusters incorporate climate-responsive design, green architecture, and environment-friendly building materials sourced from a sustainable supply chain. Mahindra Lifespaces is one of the first real estate companies in India to have committed to the global Science Based Targets initiative (SBTi).
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