Godrej Properties

Godrej Properties, a Real Estate Services company headquartered in India, reported approximately 2.07 billion kg CO2e in Scope 3 emissions, 3.83 million kg CO2e in Scope 2 emissions, and 936,000 kg CO2e in Scope 1 emissions for 2026. This totals approximately 2.07 billion kg CO2e.

Looking back, in 2025, their Scope 3 emissions were around 2.74 billion kg CO2e, Scope 2 emissions were about 4.43 million kg CO2e, and Scope 1 emissions were around 668,000 kg CO2e. For 2024, the company reported Scope 3 emissions of approximately 3.21 billion kg CO2e, Scope 2 emissions of around 3.53 million kg CO2e, and Scope 1 emissions of about 541,740 kg CO2e.

Godrej Properties has set ambitious Science-Based Targets (SBTi). The company commits to achieving net-zero greenhouse gas emissions across its value chain by fiscal year (FY) 2050.

Their near-term targets, from a FY2024 base year, include:

• A 58.8% absolute reduction in Scope 1 and 2 GHG emissions by FY2034.
• A 63.8% reduction in Scope 3 GHG emissions from purchased goods and services per square metre by FY2034.
• A 63.8% reduction in Scope 3 GHG emissions per square metre of constructed area from capital goods, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, and use of sold products within the same timeframe.
• No new fossil fuel equipment owned or financially controlled by the company in its building portfolios from 31 December 2030.

For long-term targets, also from a FY2024 base year, Godrej Properties aims for:

• A 90.0% absolute reduction in Scope 1 and 2 GHG emissions by FY2050.
• A 97.0% reduction in Scope 3 GHG emissions from purchased goods and services per square metre by FY2050.
• A 97.0% reduction in Scope 3 GHG emissions per square metre of constructed area from capital goods, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, and use of sold products within the same timeframe.

The company also has earlier commitments to reduce Scope 1 and 2 GHG emissions by 72.6% per square metre area by FY2035 from a FY2021 base year, equivalent to an absolute reduction of 58.8%. Additionally, 88.5% of its suppliers by emissions covering purchased goods and services are committed to having science-based targets by FY2026.

Beyond SBTi, Godrej Properties aims for carbon neutrality by 2040 and near-zero Scope 1 and 2 emissions by the middle of this decade. They also have a carbon neutrality target for Scope 2 emissions by 2035.