Mindspace Business Parks Reit Sustainability Profile
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 46 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mindspace Business Parks Reit's reported carbon emissions
In 2024, Mindspace Business Parks REIT reported total carbon emissions of approximately 258,291,000 kg CO2e, with emissions distributed across various scopes: 1,341,000 kg CO2e (Scope 1), 55,296,000 kg CO2e (Scope 2), and 258,291,000 kg CO2e (Scope 3). The total emissions from Scope 1 and 2 combined reached about 56,637,000 kg CO2e. In 2023, the REIT's emissions were slightly lower, with total emissions of about 231,061,000 kg CO2e, comprising 1,755,000 kg CO2e (Scope 1), 68,943,000 kg CO2e (Scope 2), and 231,061,000 kg CO2e (Scope 3). The combined Scope 1 and 2 emissions for that year were approximately 70,698,000 kg CO2e. Mindspace Business Parks REIT has committed to achieving net-zero emissions by 2050, as part of its long-term climate strategy. This commitment is aligned with the Science Based Targets initiative (SBTi), which underscores the REIT's dedication to reducing its carbon footprint across all scopes. The REIT's emissions data is independently reported and does not cascade from any parent organisation, ensuring transparency in its climate commitments. Overall, Mindspace Business Parks REIT is actively working towards reducing its carbon emissions while adhering to industry standards and climate terminology.
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| 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 |
How Carbon Intensive is Mindspace Business Parks Reit's Industry?
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Mindspace Business Parks Reit's Scope 3 Categories Breakdown
Mindspace Business Parks Reit's Scope 3 emissions, which increased by 12% last year and increased by approximately 56% since 2022, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 48% of Scope 3 emissions.
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Mindspace Business Parks Reit'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.
Mindspace Business Parks Reit 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.
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Frequently Asked Questions
Common questions about Mindspace Business Parks Reit's sustainability data and climate commitments