Oberoi Realty's ESG Report 2023: A Commitment to Sustainable Development
Mumbai-based Oberoi Realty, a leading premium real estate company, has released its ESG Report 2023, showcasing its commitment to integrating Environmental, Social, and Governance (ESG) principles into its business strategy.
Real EstateSustainabilityEsgOberoi RealtyGreen BuildingReal Estate MumbaiAug 01, 2024
The company has recorded strong performance across segments, including office spaces, residential, retail leasing, and green developments. Indian real estate continues to be a preferred investment avenue for homebuyers and investors, driven by increased income, preference for homeownership, and a growing base of aspirational customers.Oberoi Realty has achieved outstanding financial results, with the highest ever quarterly and annual profitability driven by robust sales momentum and healthy operational performance. The company has also focused on innovation, human-centric design, and sustainable development to enhance urban living and add value to its residential offerings.
The company has integrated ESG into its corporate culture, with a strong focus on green building designs and increasing its footprint. Most of its recent projects are pre-certified/certified under credible green rating systems like LEED/IGBC, or equivalent.\n\nOberoi Realty prioritizes energy efficiency and innovation in its projects, optimizing resource utilization and minimizing waste. The company has implemented sensor-based faucets, water-efficient fittings, energy-efficient HVAC systems, on-site organic waste converters, and rainwater harvesting systems.
The company is committed to creating positive social impact and prioritizes the well-being of its employees. Robust employee-centric policies and systems support its stand as an 'Employer of Choice.'\n\nOberoi Realty is also committed to positive engagement with local communities, providing and preserving long-term value creation for society and the planet. The company has adopted focused and long-term ESG aspirations, committing to making focused investments and undertaking targeted initiatives to achieve these aspirations.The ESG Report 2023 exemplifies Oberoi Realty's unwavering commitment to sustainability, setting a benchmark for the real estate industry and reinforcing its position as a leader in responsible business practices.
Frequently Asked Questions
What is ESG and why is it important in the real estate industry?
ESG stands for Environmental, Social, and Governance, and it refers to the three key factors that companies consider when making decisions about their operations and investments. In the real estate industry, ESG is important because it helps companies to create long-term value for their stakeholders while also contributing to the well-being of society and the planet.
What are some of the key initiatives that Oberoi Realty has undertaken to promote sustainability?
Oberoi Realty has undertaken several initiatives to promote sustainability, including a strong focus on green building designs, increasing its footprint, and prioritizing energy efficiency and innovation in its projects.
How does Oberoi Realty engage with local communities?
Oberoi Realty is committed to positive engagement with local communities, providing and preserving long-term value creation for society and the planet. The company has adopted focused and long-term ESG aspirations, committing to making focused investments and undertaking targeted initiatives to achieve these aspirations.
What is Oberoi Realty's approach to employee well-being?
Oberoi Realty prioritizes the well-being of its employees and has robust employee-centric policies and systems in place to support its stand as an 'Employer of Choice.'
What is the significance of Oberoi Realty's ESG Report 2023?
Oberoi Realty's ESG Report 2023 exemplifies its unwavering commitment to sustainability, setting a benchmark for the real estate industry and reinforcing its position as a leader in responsible business practices.
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