Lodha ranks no. 1 as the most sustainable real estate company in India in the S&P Global Corporate Sustainability Assessment

November 22, 2022

November 21, 2022, Mumbai: Lodha, India's No. 1* real estate developer, receives an exceptional score in S&P Global Corporate Sustainability Assessment (CSA) 2022. Lodha achieved a score of 75 (out of 100) ^, the highest amongst the real estate companies in India. Globally, this ranks Lodha amongst the top 1% most sustainable companies out of over 858 companies.

The S&P Global Corporate Sustainability Assessment (CSA) is one of the leading evaluations of companies' sustainability practices, held annually. With an aim of baselining its ESG impact, Lodha first appeared on this benchmark last year, and since then, it has significantly improved its position this year.

Commenting on the ratings, Aun Abdullah, Head - ESG, Lodha, said, "Our S&P Global Corporate Sustainability Assessment scores are a testimony to our unwavering commitment to sustainability. Being devoted to the 'do good, do well' philosophy, our overarching goal is to be a 'net-positive' organization that creates a positive impact on both - our planet and the people. It's heartening that we continue to be recognised on global benchmarks, it also helps us to quantify our continuous improvement in sustainability and calibrate our performance with the best. We wish to maintain and improve our scores and take a global leadership position through our ongoing efforts on sustainability".

With an ardent focus on achieving the highest standard of governance and becoming a global leader in sustainability, Lodha has been driving business excellence by formulating exemplary initiatives and associations. Lodha recently launched the 'Lodha Net Zero Urban Accelerator' in partnership with a global think tank Rocky Mountain Institute (RMI) to catalyse the adoption of sustainable practices in the sector and propel India towards a low-carbon economy. Lodha also focuses strongly on achieving diversity & inclusion at the workplace. Lodha's efforts towards unleashing the potential of young minds as well as empowering women are part of its goal of building the nation stronger.

* By Cumulative Residential Sales for FY 2016-2022
^As of 18th November, 2022, with a score of 75/100 we performed in the top 1% of the Real Estate companies in the S&P Global Corporate Sustainability Assessment

About Lodha

Lodha is among the largest real estate developer in India that delivers with scale since 1980s. Core business of Lodha is residential real estate development with a focus on affordable and mid-income housing. The company also has a growing digital infrastructure park business where in a short span of time, it has scaled up and made its mark with JVs already signed with marquee investors. Lodha has delivered more than 89 million square feet of real estate and is currently developing ~100 million square feet under its ongoing and planned portfolio. The Group has approximately 4,400 acres of land beyond its ongoing and planned portfolio which will be utilized in developing further Residential, Commercial and Industrial & Logistics spaces. Thriving at building the world's finest developments, Lodha has created several iconic landmarks across the MMR notable among which are The World Towers, Lodha Altamount, Lodha Park, Lodha New Cuffe Parade and Palava City.

Disclaimer

Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Macrotech Developers Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.