by Suman Gupta
Mumbai, 20th October, 2022: The Mumbai based real estate developer has received this global leadership ranking for the third consecutive year. Godrej Properties Limited (GPL) (BSE scrip id: GODREJPRP), one of India’s leading real estate developers, announced today that GRESB, an organization that provides Environmental, Social, and Governance (ESG) benchmarks for real estate organizations across the world, has recognized Godrej Properties as a Real Estate Development Sector Leader for residential real estate.
Each year, GRESB recognizes and celebrates participants from across the world with the expectation that these organizations will help drive ESG improvements across the industry. Godrej Properties has participated in the benchmark assessment since 2013 and achieved its highest score of 97 points this year, retaining its leadership position with the highest GRESB score amongst residential developers (both listed and non-listed). The company’s ESG disclosures are prepared in accordance with GRI requirements and are externally assured to meet the highest standards of transparency and integrity.
Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said, “We have placed significant emphasis on continually strengthening our ESG practices and are thrilled to receive this prestigious global recognition for the third consecutive year. I’m grateful to the teams at Godrej Properties whose good work has led to this recognition from GRESB. We remain fully committed to further improving our ESG practices in the years ahead.”
About Godrej Properties Limited: Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 125-year legacy of excellence and trust with a commitment to cutting edge design, technology, and sustainability. In FY 2021, Godrej Properties emerged as the largest developer in India by the value and volume of residential sales achieved.
Godrej Properties has deeply focused on sustainable development. In 2010, GPL committed that all of its developments would be third party certified green buildings. In 2020 and again in 2021 and 2022, the Global Real Estate Sustainability Benchmark ranked GPL #1 globally amongst listed residential developers for its sustainability and governance practices. In 2017, GPL was one of the founding partners of the Sustainable Housing Leadership Consortium (SHLC), whose mission is to spread sustainable development practices across the Indian real estate sector. In recent years, Godrej Properties has received over 300 awards and recognitions, including the Porter Prize 2019, The Most Trusted Real Estate Brand in the 2019 Brand Trust Report, Builder of the Year at the CNBC-Awaaz Real Estate Awards 2019, and The Economic Times Best Real Estate Brand 2018.
