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 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. Comparatively, in 2023, the REIT's emissions were approximately 231,061,000 kg CO2e, with Scope 1 at 1,755,000 kg CO2e and Scope 2 at 68,943,000 kg CO2e. This indicates a slight increase in overall emissions year-on-year, particularly in Scope 3 emissions, which are significantly higher than Scope 1 and 2 combined. 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 near-term targets are currently classified as "Committed," reflecting its proactive stance on climate action. The REIT's emissions data is independently sourced and does not cascade from any parent organisation, ensuring that its reported figures are specific to its operations. Mindspace Business Parks REIT continues to focus on sustainability within the real estate sector in India, aiming to enhance its environmental performance while addressing the challenges of climate change.
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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 |
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 participating in some of the initiatives that 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.
