Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Green Building Practices

Environmental Achievements

• Reduced carbon dioxide equivalent emissions by 5 million tons per year through renewable energy use at Orion Mall and Brigade Gateway.
• 90% of total power consumption from renewable sources at Orion Mall and Brigade Gateway.
• 100% reuse of STP treated water for cooling towers at Orion Mall.
• Significant water savings through cooling tower automation and recycled water usage at Orion Mall.
• Reduction in annual energy cost by 20% at Brigade Utopia (Office Buildings).
• Reduction in annual energy cost by 13% at World Trade Centre, Kochi.
• 90% of construction debris reused for site leveling and backfilling at World Trade Centre, Kochi.
• 2.27% energy saving achieved through passive architecture at Brigade Magnum.
• 43% reduction in water demand at Brigade Magnum.
• 64% of building materials sourced locally within 400 km at Brigade Magnum.
• 96.5% of construction debris diverted from landfills at Brigade Magnum.
• 21% energy cost savings over baseline at Brigade Signature Tower.
• 98% of construction debris diverted from landfills at Brigade Signature Tower.
• 50% reduction in water demand at Brigade International Financial Centre, GIFT City.
• Reduction in annual energy cost by 15% at Brigade International Financial Centre, GIFT City.
• 63% of construction materials sourced regionally within 400 km at Brigade International Financial Centre, GIFT City.

Social Achievements

• Redevelopment of Sangolli Rayanna Park and Nadaprabhu Kempegowda Playground in Malleswaram.
• Rejuvenation of Sitharampalya Lake in Whitefield.
• Planting over 12,000 trees as part of a 30,000-tree planting initiative.
• Beautification of various public spaces in Bengaluru in association with The Ugly Indian.
• Redevelopment of Yeshwantpur Police Station.
• Development of a 2.4-km road stretch in J.P. Nagar.
• Remodeling and renovation of Chief Fire Officer Bengaluru West Zone office building.
• Establishment of a Chair Professorship at IIT Madras.
• Scholarship and merit awards to civil engineering students.
• Installation of Swami Vivekananda and Mahatma Gandhi statues.

Governance Achievements

• Implementation of Brigade Real Estate Accelerator Program (REAP) to support sustainable businesses in real estate.
• Collaboration with various startups for sustainable solutions (WEGoT, Synconext, Smarter Dharma, Natura, Eco STP, Clairco).

Climate Goals & Targets

Environmental Challenges

• High variation in water quality and quantity from STP affecting reuse for cooling towers.
• Energy wastage in commercial buildings due to lack of occupancy visibility.

Mitigation Strategies

• Implementation of cooling tower automation and IoT-based smart water management at Orion Mall.
• Use of Synconext's technology to optimize energy consumption based on real-time occupancy data.

Supply Chain Management

Responsible Procurement

• Procurement of construction materials from local manufacturers to reduce transportation emissions.
• Use of BEE rated and Green Pro Certified products.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and services.

Reporting Standards

Frameworks Used: LEED, IGBC

Certifications: LEED Platinum, LEED Gold, IGBC Platinum, IGBC Gold, IGBC Silver

Awards & Recognition

• First prize in the Big Garden Category for Sangolli Rayanna Park.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• All Green Building Certified projects showed 15-20% energy savings.
• Planted over 18,000 saplings.
• Achieved 20-30% reduction in water demand through low flow water fixtures.
• Increased use of renewable energy in projects.

Social Achievements

• Ranked one of India’s best companies to work for by Great Place to Work Institute & Economic Times in the Real Estate Industry for 10 years in a row.
• Overall CSR expenditure during the year 2019-20 is about ` 11,33,08,247.

Governance Achievements

• Sound Corporate Governance Practices, with high level of compliance and effective Risk Management.
• Diverse Board of Directors, that adorns 30% female and 50% independent directors.

Climate Goals & Targets

Environmental Challenges

• Negative impact on consumer sentiments, stakeholder sentiments and spending appetite due to nation-wide lockdown.
• Impact on Hospitality business and Retail malls in terms of revenues and profits due to lockdown.
• Risks such as increased occurrence of extreme weather events, higher temperatures affecting the availability and accessibility of raw materials and labour.
• Financial losses due to decrease in property value in climate-vulnerable locations.
• Increasing electricity and water prices, rising material costs, and increasing compliance requirements.

Mitigation Strategies

• Resumed activities immediately after the lockdown was lifted, across all its business segments with adequate social distancing norms and social responsibility.
• Working to align Hospitality & Retail businesses to the new normal caused by the pandemic, to adapt to the changing business environment, identifying opportunities for growth.
• Substantial reduction of overheads in all the segments under operation.
• Strong balance sheet and good position to manage all its operations and maintain liquidity to meet its business obligations.
• Integrating precautionary approach and sustainability into business strategy to reduce impact and seize opportunities for sustainable growth.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Procurement of construction materials from local manufacturers within 400km radius.
• Preference for Green Certified Products.

Climate-Related Risks & Opportunities

Physical Risks

• Increased occurrence of extreme weather events
• Higher temperatures

Transition Risks

• Increasing electricity and water prices
• Rising material costs
• Increasing compliance requirements

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option, GRI G4 Sector Supplement for the Construction and Real Estate Sector

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 1 (No Poverty)
• Goal 2 (Zero Hunger)
• Goal 5 (Gender Equality)
• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

CSR activities aligned with SDGs; sustenance allowance to laborers; cooked meals and dry ration supplied; quality education provided; environmental sustainability initiatives.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Great Place to Work Institute ranking for 10 consecutive years; Brigade Hospitality Services Ltd. ranked 15th amongst India’s Great Mid-size Workplaces 2020.

Environmental Metrics

ESG Focus Areas

• Climate Protection
• Biodiversity
• Water and Wastewater
• Corporate Governance
• Business Growth and Profitability
• Ethics & Integrity
• Human Rights

Environmental Achievements

• Overall electricity consumption from renewable sources was 21% during the reporting period.
• Installed an onsite solar capacity of 260 kWp and 1213 kWp in World Trade Center, Chennai and Brigade Tech Gardens, Bengaluru respectively.
• Planted 60,000+ trees across projects.
• Created project-based plant nurseries to reduce transport emissions for plants.

Social Achievements

• Achieved Zero fatality across all project sites.
• Secured ‘Great Place to Work’ certification for the 12th consecutive year.
• Sourced about 40% of input materials directly from small suppliers (MSMEs).
• Sourced about 60% of input materials locally.

Governance Achievements

• Strengthened policy implementation framework.
• Mapped details of the organization and value chain for BRSR reporting.
• Board diversity at 30% and employee gender diversity at 20%.

Climate Goals & Targets

Environmental Challenges

• Pandemic impacted operations due to labor shortages.
• Pandemic negatively impacted international travel and office leasing space.
• Supply chain disruptions (implied, not explicitly stated).

Mitigation Strategies

• Developed alternative sourcing strategies (implied).
• Implemented strict protocols for COVID-appropriate behavior.
• Implemented a triple plumbing system and ECOSTP for wastewater recycling in select projects.

Supply Chain Management

Responsible Procurement

• Emphasis on quality and EHS practices in contracts.

Climate-Related Risks & Opportunities

Opportunities

• Building resilient products and organization
• Reducing energy consumption to limit damage to the ecosystem

Reporting Standards

Frameworks Used: GRI Standards: Core option, BRSR, National Guidelines on Responsible Business Conduct (NGBRCs)

Certifications: ISO 45001:2018, LEED, IGBC

Sustainable Products & Innovation

• Green certified buildings
• ECOSTP wastewater treatment technology

Awards & Recognition

• Construction World Stalwarts of South Award
• Best Developer in Residential Sector Award
• Safe Place to Work Certification
• Great Place to Work for Women
• ESG India Leadership Awards
• 13+ Realty Conclave Excellence Award
• CII-SR EHS Excellence Award 2020-21 (Gold & Bronze Awards)
• Best Companies to Work For Award
• Great Mid-Size Workplaces Award
• Asia’s Best Workplace Award
• India’s Best Leaders in Times of Crisis

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Recycled 460 million liters of wastewater (50% of total water withdrawn)
• Sourced 13% of energy demand through renewable sources

Social Achievements

• 100% of employees trained on health and safety measures
• Implemented Group-wide Net Promoter Score by 2025

Governance Achievements

• Implemented a three-line ESG governance framework
• Adopted an ESG Policy to integrate sustainability into business strategy and operations

Climate Goals & Targets

Environmental Challenges

• Water scarcity
• GHG emissions
• Occupational health and safety
• Human rights risks in supply chain
• Waste management
• Biodiversity risks

Mitigation Strategies

• Increase wastewater recycling by 10% year-on-year; Be a Water Positive organization by 2030
• Be an SBTi member by 2024; Be a member of the RE100 initiative by 2024; Adopt Green Building norms across all new projects by 2030; Operations to be 100% renewable energy powered by 2040; Achieve Net Zero emissions by 2045
• Train 100% of its workforce on Occupational Health and safety by 2025; Have all Lease Rental properties to be WELL Health-Safety certified by 2028
• Be a SMETA certified organization by 2025; Align labor standards with UN Guiding Principles, ILO, and Declaration on Fundamental Principles and Rights at Work framework by 2026
• Increase overall waste reused year-on-year; Report all waste to and diverted from landfill in 2024
• Increase biodiversity by 10% in real estate development sites by 2025; Implement afforestation initiatives by 2026

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement

• Sustainable Sourcing Policy
• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, BRSR

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, LEED, IGBC

UN Sustainable Development Goals

• Goal 7
• Goal 13

Brigade Foundation's alignment with eight UN SDGs, including those related to affordable and clean energy (Goal 7) and climate action (Goal 13).

Sustainable Products & Innovation

• Green Buildings

Awards & Recognition

• Best Organization for Women 2022
• Best companies to work for in the real estate industry
• Bharat Ratna Sir M. Visvesvaraya Memorial Award 2022
• Best CSR Activity at the CREDAI Karnataka CARE Awards 2023