Godrej Properties

Godrej Properties, an Indian real estate services company, has reported its carbon emissions and set ambitious climate commitments.

For 2025, Godrej Properties's Scope 1 emissions were 668,300 kg CO2e, Scope 2 emissions were 4,433,360 kg CO2e, and Scope 3 emissions were 2,737,107,390 kg CO2e. In 2024, the company's Scope 1 emissions were 541,740 kg CO2e, Scope 2 emissions were 3,528,690 kg CO2e, and Scope 3 emissions were 3,213,980,620 kg CO2e. In 2023, the company reported Scope 1 emissions of 529,020 kg CO2e, Scope 2 emissions of 3,375,600 kg CO2e, and Scope 3 emissions of 1,951,267,000 kg CO2e. For 2022, Scope 1 emissions were 447,970 kg CO2e, Scope 2 emissions were 2,966,000 kg CO2e, and Scope 3 emissions were 1,332,075,000 kg CO2e. In 2021, Godrej Properties's Scope 1 emissions were 926,170 kg CO2e, Scope 2 emissions were 2,921,000 kg CO2e, and Scope 3 emissions were 1,961,251,000 kg CO2e.

Godrej Properties has committed to several Science-Based Targets initiative (SBTi) goals:

• Near-Term Targets (FY2034): The company aims to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 58.8% from a FY2024 base year. It also commits to reducing Scope 3 GHG emissions from purchased goods and services by 63.8% per square metre within the same timeframe. Additionally, Godrej Properties plans to reduce Scope 3 GHG emissions 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 by 63.8% per square metre of constructed area.
• Long-Term Targets (FY2050): Godrej Properties commits to reducing absolute Scope 1 and 2 GHG emissions by 90.0% from a FY2024 base year. It also targets a 97.0% reduction in Scope 3 GHG emissions from purchased goods and services per square metre and a 97.0% reduction in other Scope 3 categories (capital goods, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, and use of sold products) per square metre of constructed area.
• Net-Zero Target: Godrej Properties is committed to achieving net-zero greenhouse gas emissions across its entire value chain by FY2050.

The company also states a commitment to reduce Scope 1 and 2 emissions to "near zero by the middle of this decade" (referring to 2025) and aims for carbon neutrality by 2040 for Scope 1 emissions and by 2035 for Scope 2 emissions. Godrej Properties further commits that 88.5% of its suppliers, by emissions covering purchased goods and services, will have science-based targets by FY2026. The company also states that it will install no new fossil fuel equipment that is owned or financially controlled by the company in its building portfolios from December 31, 2030.