Prestige Group
Prestige Group, officially known as Prestige Estates Projects Limited, is a leading real estate development company headquartered in India. Established in 1986, the firm has made significant strides in the property sector, primarily operating in major cities such as Bangalore, Hyderabad, and Chennai. Specialising in residential, commercial, and retail developments, Prestige Group is renowned for its innovative designs and commitment to quality. The company has successfully delivered numerous landmark projects, earning a reputation for excellence in the industry. With a diverse portfolio that includes luxury apartments, integrated townships, and commercial spaces, Prestige Group stands out for its customer-centric approach and sustainable practices. As a market leader, the company has received multiple awards, solidifying its position as a trusted name in the Indian real estate landscape.
DitchCarbon Score
How does Prestige Group'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 Real Estate Services 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
Prestige Group's score of 14 is lower than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Prestige Group's reported carbon emissions
In 2023, Prestige Group reported significant carbon emissions, totalling approximately 7,789,990 kg CO2e from Scope 1 and about 108,322,340 kg CO2e from Scope 2. This data highlights the company's ongoing impact on climate change, with a combined total of around 116,112,330 kg CO2e for these two scopes. For the following year, 2024, emissions increased, with Scope 1 emissions reaching about 12,975,900 kg CO2e and Scope 2 emissions soaring to approximately 1,494,564,080 kg CO2e. This rise indicates a substantial increase in the company's carbon footprint, totalling around 1,507,540,980 kg CO2e for both scopes. Despite these figures, Prestige Group has not disclosed any specific reduction targets or initiatives aimed at mitigating their carbon emissions. The absence of a climate pledge or science-based targets suggests that the company may need to enhance its commitment to sustainability and climate action in the future. As the industry increasingly prioritises environmental responsibility, it will be crucial for Prestige Group to develop and communicate clear strategies for reducing its carbon emissions.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 7,789,990 | 00,000,000 |
| Scope 2 | 108,322,340 | 0,000,000,000 |
| Scope 3 | - | - |
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.
Prestige Group is not committed to any 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.
