Integrating ESG into our Culture
Our commitment to the constantly evolving principles of Environment, Social and Governance (ESG) remains strong, as exemplified by the fact that ESG is a core business goal and not just a supplement to our overall business planning. Our commitment to creating shared value is aligned with the robust policies of our Sponsor Group, thus ensuring the adoption of global best practices.
Our consideration of ESG principles begins right at the design and acquisition stage. Our sustainable design guidelines serve as a detailed framework for new construction, laying down key tenets related to energy efficiency, water efficiency, waste management, building materials, health and well-being, and site and external development. These guidelines allow us to align with best practices related to green building certification, health and safety at the construction and occupancy phases, pollution prevention targets and community development.
One of our long-term goals is to improve our sustainability performance and reduce our environmental footprint. As we work towards achieving our aim of a Net Zero future, we strive to reduce the use of energy, water and other natural resources, avoid generation of waste and minimize our carbon footprint.
At Brookfield India REIT, we are working closely with all our stakeholders to achieve Net Zero carbon future by 2050 or sooner. Using 2019 as our baseline, we have defined the interim portfolio improvement targets mentioned below, and intend to set science-based targets in the near future.
Reduce greenhouse gas emissions, energy and water consumption in our new and existing buildings.
Improve waste diversion at our sites.
Achieve net zero by 2050 or sooner.
Committed to the Highest Standards
We believe our governance structure reflects a rigorous approach to corporate governance. The governance structure is based on the following pillars that enable it to align and commensurately represent the interests of all our stakeholders:
A significant level of Sponsor Group ownership in the Brookfield India Real Estate Trust (on a post-Offer basis) creates an alignment with the interests of Unitholders
Balanced board composition of our Manager between independent and Brookfield directors
Anti-bribery and anti-corruption policies in line with international standards