Embassy REIT commits over Rs 300 crore towards investments in green initiatives

NEW DELHI: Embassy Office Parks REIT (Embassy REIT), has committed over Rs 300 crore to
its environmental, social, and governance (ESG) program across its 43.6 million sq ft pan-India
portfolio.
On March 10, 2023, the company commissioned first phase of its 20 MW solar rooftop project,
which aims to generate 30 million units of solar power, offsetting around 25,000 tonnes of CO2
emissions.
As part of its 2040 net zero carbon operations goal, Embassy REIT aims to achieve 75%
renewable energy usage by 2025. Apart from the existing 100 MW solar plant, the REIT
strategically plans to more than double its current 120 MW onsite and offsite renewable energy
capacity by installing new solar plants across Bengaluru and NCR.

This renewable energy capacity enhancement will be through additional capital investments
above the Rs 300 crore already committed by Embassy REIT to its ongoing ESG initiatives.
Vikaash Khdloya, chief executive officer of the company said, “We have adopted
an industry leading ESG framework, built on 19 specific programs, with committed investments,
clear targets and action plans.”
Embassy REIT’s sustainable finance portfolio has grown to over Rs 3,900 crore, the company
said.