Mindspace Business Parks REIT announced its partnership with the Global Network for Zero (GNFZ). This step advanced the company's goal to certify the entire portfolio as net zero by 2042.
The certification process will commence with the evaluation of one of the buildings at Mindspace Airoli West, which is already platinum certified under LEED v4.1 O+M. To align with the GNFZ's net zero transformation strategy, this building will reduce scope 1, scope 2 and scope 3 emissions through energy efficiency upgrades, green power procurement, and green leases for occupants.
Ramesh Nair, CEO, Mindspace REIT said, "Partnering with the Global Network for Zero is a key milestone in our sustainability journey. Their independent certification aligns with our goals and helps us accelerate our journey to net zero. This partnership strengthens our commitment to sustainable excellence for our occupants, stakeholders, and communities. We're excited to lead the way towards a net zero future, making a significant impact on emission reduction and environmental stewardship."
"Mindspace REIT has been at the forefront of remarkable leadership in sustainability. I have been an admirer and supporter of their efforts for many years now for ensuring environmental consciousness while retaining the top position in offering world class commercial spaces for the biggest multinationals" said, Mahesh Ramanujam, GNFZ Chief Executive Officer and Co-Founder.
He further added, "I am honoured and excited to contribute to their next critical phase of net zero emissions for one of their buildings at Mindspace Business Parks with Global Network for Zero. It is a massive undertaking — but with the leadership of Ramesh Nair and others who are making the necessary strides forward in this business, we finally not only have hope, but tangible commitments towards cutting down emissions in the real estate sector that contributes a major part to global emissions."