Mindspace Business Parks Reit

Mindspace Business Parks REIT, a construction firm headquartered in India, reported total greenhouse gas emissions of approximately 360,600,000 kg CO2e in 2026. This figure includes Scope 1 emissions of around 4,550,000 kg CO2e, Scope 2 (market-based) emissions of about 49,749,000 kg CO2e, and a significant Scope 3 emissions contribution.

The company has set several Science Based Targets initiative (SBTi) aligned commitments. Mindspace Business Parks REIT aims to achieve net-zero greenhouse gas emissions across its entire value chain by FY2042.

For the near term, the company commits to reduce Scope 1, 2, and 3 in-use operational GHG emissions of owned and leased buildings (covering downstream leased assets) by 74.9% per square metre by FY2034, from a FY2025 base year. Additionally, they aim to reduce upfront embodied Scope 3 GHG emissions of new buildings (covering capital goods) by 55.0% per square metre within the same timeframe.

Long-term targets include a 98.9% reduction in Scope 1, 2, and 3 in-use operational GHG emissions of owned and leased buildings (covering downstream leased assets) per square metre by FY2042, from a FY2025 base year. They also target a 98.0% reduction in upfront embodied Scope 3 GHG emissions of new buildings (capital goods) per square metre, and a 97.0% reduction in Scope 3 GHG emissions from fuel- and energy-related activities per Gross Floor Area (m2), both by FY2042 from a FY2025 base year.