Mindspace REIT Partners GNFZ for Portfolio-Wide Net-Zero Pathway
Mindspace Business Parks REIT has partnered with Global Network for Zero (GNFZ) to transition its entire ~39 million sq. ft. portfolio to a net-zero certification pathway. This initiative, one of India's largest portfolio-level decarbonisation efforts in commercial real estate, reaffirms Mindspace REIT's commitment to achieve net-zero emissions by 2042. The partnership will develop a comprehensive decarbonisation roadmap covering Scope 1, 2, and 3 emissions, moving from building-level to unified portfolio-wide certification. This aligns with global benchmarks, focusing on data-driven decarbonisation, renewable energy adoption, and stronger tenant collaboration. The REIT has already reduced Scope 1 and 2 emissions by 32.2% and increased renewable energy usage to 40.2% as of FY2025.
Key Highlights
- Mindspace REIT partnered with GNFZ for portfolio-wide net-zero certification.
- Targets net-zero emissions by 2042 for its entire ~39 msf portfolio.
- Roadmap covers Scope 1, 2, and 3 emissions for comprehensive decarbonisation.
- Reinforces strong ESG performance, building on 32.2% Scope 1&2 reduction.
- Positions Mindspace REIT as a leader in sustainable real estate globally.