Our Digital Sustainability Report is designed to be eco-friendly through the implementation of sustainable web design principles.
We leverage advanced programming techniques to ensure that our digital presence is both efficient and environmentally conscious.
Delphi, Downtown Powai, Mumbai
Our climate strategy focuses on both mitigating and adapting to climate change. We undertake climate actions by focusing on enhancing resilience through designing, operating and upgrading assets.
We also conduct ESG due diligence and environmental screening of our assets before acquisition to minimize potential climate-related risks. Furthermore, we have adopted the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) to guide our efforts in identifying, assessing and managing our climate-related risks and opportunities.
Moreover, we evaluated all our assets for climate risks, including physical and transition risks. This assessment involved analyzing the vulnerability of our assets to climate-related hazards like earthquakes, floods, heat stress and sea level change. This evaluation has enabled us to proactively manage potential climate risks across short-, medium- and long-term timelines.
We conduct environmental due diligence before any investment, merger or acquisition, establishing a baseline environmental performance.
We integrate resource efficiency in our new developments and standing investments through a performance centric design and operations program.
For transition risks, the assessment included evaluating the potential for assets to become stranded due to early economic decline from climate change. As a result of this assessment, resilience and adaptation measures at the asset level were identified and integrated into the action plan aimed at achieving Net Zero goals.
The physical risk assessment involved evaluating our assets for risks such as high temperatures, heat stress, droughts, earthquakes, hurricanes, cyclones, fire stress, river floods, and flash floods.
Candor TechSpace, Newtown, Kolkata
In addition to risk assessment, we conducted an analysis to identify climate change opportunities across our REIT assets. These opportunities include enhancing resource efficiency, adopting lower-emission energy sources, and expanding low-emission products and services. These efforts are expected to have a positive financial impact by reducing both direct and indirect operating expenses as well as enhancing the stickiness of the asset for current and potential occupiers.
some of the opportunities identified include the following:
Through our journey towards Net Zero by 2040 or sooner, we have identified energy efficiency and renewable energy integration as an impactful lever to ensure a direct correlation to lower operating costs for common and occupied areas. We are maximizing our efforts towards this lever to ensure we progress substantially.
We focus on continual improvement through local and global benchmarking to ensure that we operate and develop class-leading assets and proactively ensure a positive experience for our stakeholders, such as occupiers and act as a global yardstick for investors.
Candor TechSpace, Sector 135, Noida
Our buildings and office parks are designed and operated to ensure minimal disruption through a plethora of measures such as N+1 power backup, climate mitigation planning and drills, a focus on green areas, solar reflectance for preventing heat islands and so on.
With digitalization being a key focus, we are implementing smart technology for energy management, Indoor Air Quality (IAQ) monitoring and automated systems to enhance occupier experience by improving comfort, reducing costs and aligning with health and well-being standards.
Candor TechSpace, Sector 48, Gurugram
Features that promote wellness, such as biophilic design, access to natural light, green spaces, fitness centers and activities that promote physical and mental well-being thermal comfort, good water quality, thus, significantly contributing to occupier’s satisfaction and productivity. This also aligns with the increased focus on health and well-being standards, which is a key differentiator for us.
