Mahindra Lifespace Developers Sustainability Profile
Mahindra Lifespace Developers Limited, a prominent player in the Indian real estate sector, is headquartered in Mumbai, India. Founded in 1994, the company has established itself as a leader in residential and commercial development, with a strong presence in major cities across India, including Bengaluru, Pune, and Chennai. Specialising in sustainable urban development, Mahindra Lifespace focuses on creating integrated townships and eco-friendly residential projects. Their commitment to innovation and sustainability sets them apart, as they incorporate green building practices and smart technologies into their developments. With numerous accolades for excellence in construction and design, Mahindra Lifespace Developers continues to strengthen its market position, contributing significantly to the evolution of urban living in India.
DitchCarbon Score
How does Mahindra Lifespace Developers's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Mahindra Lifespace Developers's score of 43 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mahindra Lifespace Developers's reported carbon emissions
In 2024, Mahindra Lifespace Developers reported total carbon emissions of approximately 146,060,000 kg CO2e in India, comprising 22,391,000 kg CO2e from Scope 1, 125,670,000 kg CO2e from Scope 2, and 79,695,190,000 kg CO2e from Scope 3 emissions. The company's global emissions for the same year were about 460,188,440 kg CO2e, with Scope 1 emissions at 281,570 kg CO2e, Scope 2 at 2,396,820 kg CO2e, and Scope 3 at 457,510,060 kg CO2e. Mahindra Lifespace Developers has set ambitious climate commitments, aiming for a 63% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2033, using 2018 as the base year. Additionally, the company targets a 20% reduction in absolute Scope 3 emissions by the same year. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's commitment to sustainable practices in the real estate and infrastructure sector. The company has disclosed its emissions data and reduction targets through various reports, including its sustainability report and integrated annual report, ensuring transparency in its climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 47,000 | 00,000 | 000,000,000 | 000,000 | - | 000,000 |
| Scope 2 | 315,000 | 000,000 | - | 000,000 | - | 0,000,000 |
| Scope 3 | 845,290,000 | 000,000,000 | - | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Mahindra Lifespace Developers's Industry?
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Mahindra Lifespace Developers's Scope 3 Categories Breakdown
Mahindra Lifespace Developers's Scope 3 emissions, which increased by 46% last year and decreased by approximately 46% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 71% of Scope 3 emissions.
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Mahindra Lifespace Developers's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Mahindra Lifespace Developers has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Mahindra Lifespace Developers's sustainability data and climate commitments