Mindspace Business Parks Reit

Mindspace Business Parks REIT, headquartered in India within the Construction work (45) industry, reported total carbon emissions of approximately 360,600,000 kg CO2e in 2026. This included about 4,550,000 kg CO2e from Scope 1 emissions, approximately 49,749,000 kg CO2e from Scope 2 (market-based), and various Scope 3 emissions such as 153,040,000 kg CO2e from investments and 182,775,000 kg CO2e from purchased goods and services.

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

Its near-term targets, set with a FY2025 base year, include:

• Reducing Scope 1, Scope 2, and Scope 3 in-use operational GHG emissions of owned and leased buildings (downstream leased assets) by 74.9% per m2 by FY2034.
• Reducing upfront embodied Scope 3 GHG emissions of new buildings (capital goods) by 55.0% per m2 by FY2034.
• Committing to install no new fossil fuel equipment in its building portfolios from March 31, 2030.

For long-term targets, also from a FY2025 base year and by FY2042, the company aims for:

• A 98.9% reduction in Scope 1, Scope 2, and Scope 3 in-use operational GHG emissions of owned and leased buildings (downstream leased assets) per m2.
• A 98.0% reduction in upfront embodied Scope 3 GHG emissions of new buildings (capital goods) per m2.
• A 97.0% reduction in Scope 3 GHG emissions from fuel- and energy-related activities per Gross Floor Area (m2).