Mindspace Business Parks Reit
Mindspace Business Parks REIT, headquartered in India, is a prominent player in the real estate investment trust (REIT) sector, specialising in the development and management of premium business parks. Founded in 2019, the company has rapidly established a strong presence in major operational regions across India, catering to the growing demand for high-quality office spaces. With a focus on providing modern, flexible work environments, Mindspace offers a unique blend of amenities and services designed to enhance productivity and employee satisfaction. The REIT's strategic approach to sustainable development and innovative design has positioned it as a leader in the Indian commercial real estate market. Notable achievements include a robust portfolio of properties that attract multinational corporations, underscoring its commitment to excellence and growth in the industry.
DitchCarbon Score
How does Mindspace Business Parks Reit'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 Construction Work 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
Mindspace Business Parks Reit's score of 41 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Mindspace Business Parks Reit's reported carbon emissions
In 2023, Mindspace Business Parks REIT reported total carbon emissions of approximately 231,061,000 kg CO2e, comprising 3,530,000 kg CO2e from Scope 1, 68,943,000 kg CO2e from Scope 2, and 231,061,000 kg CO2e from Scope 3 emissions. This represents a significant increase in emissions compared to previous years, with Scope 1 emissions rising from 1,080,000 kg CO2e in 2021 and Scope 2 emissions increasing from 41,995,000 kg CO2e in the same year. The company has set a long-term commitment to achieve net-zero emissions across all scopes by 2050, as part of its Science Based Targets initiative (SBTi) commitment, which was formalised in 2024. This ambitious target reflects Mindspace's dedication to sustainability and climate action within the real estate sector in India. In 2024, the reported emissions were approximately 239,777,000 kg CO2e, indicating a continued focus on addressing carbon output. The company is actively working to implement strategies that align with its climate commitments, although specific reduction targets for the near term have not been disclosed. Overall, Mindspace Business Parks REIT is taking significant steps towards reducing its carbon footprint and contributing to global climate goals, with a clear roadmap towards achieving net-zero emissions by 2050.
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Add to project| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 2,267,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 79,299,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Mindspace Business Parks Reit is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
