Mindspace REIT Pioneers Net Zero Certification with Global Network for Zero
Mindspace REIT partners with Global Network for Zero to achieve net zero certification by 2042, marking a significant milestone in its sustainability journey.
Mindspace ReitGlobal Network For ZeroNet Zero CertificationSustainabilityEnvironmental ExcellenceReal Estate PuneSep 18, 2024
The certification process will begin with the evaluation of one of the buildings at Mindspace Airoli West, situated near the vibrant residential micro-markets of Thane and Navi Mumbai. Already a 'Platinum' certified building under LEED v4.1 O+M, it exemplifies high-performance building standards and efficient systems.
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.
This new partnership builds upon Mindspace REIT's longstanding commitment to sustainable practices, which has resulted in 99.9% of the REIT portfolio being green certified, with 22 million sq. ft of leasable area being platinum certified. The company has also successfully implemented an Infrastructure Monitoring & Operations Centre (IMOC) for enhanced efficiency and reduced environmental impact.
Frequently Asked Questions
What is the goal of Mindspace REIT's partnership with Global Network for Zero?
The goal is to achieve net zero certification by 2042.
What is the first building to be evaluated under this partnership?
One of the buildings at Mindspace Airoli West, situated near Thane and Navi Mumbai.
What is the current green certification status of Mindspace REIT's portfolio?
99.9% of the REIT portfolio is green certified, with 22 million sq. ft of leasable area being platinum certified.
What is the expected outcome of this partnership?
Reduction of Scope 1, Scope 2, and Scope 3 emissions through energy efficiency upgrades, green power procurement, and green leases for occupants.
Who is the CEO of Mindspace REIT?
Ramesh Nair
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