Climate Change Data

Bharti Real Estate

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:2172 tCO2e (Scope 1 and 2)
Scope 1 Emissions:988 tCO2e
Scope 2 Emissions:1184 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:4,40,863 kWh (Grid electricity) + 13,79,771 Litres (Diesel)
Water Consumption:28779 KL
Waste Generated:5405 MT (Construction and demolition waste) + 105 kg (Plastic waste) + other waste types
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate change
  • Energy management
  • GHG emission reduction
  • Waste minimization
  • Water management
  • Sustainable construction
  • Supply chain management
  • Employee engagement and development
  • Diversity, equity and inclusion
  • Occupational health and safety
  • Human rights
  • Corporate social responsibility
  • Corporate governance
  • Economic performance
  • Building certifications

Environmental Achievements

  • Received IGBC Platinum pre-certification for 4, 5, and 6 Worldmark; registered 7 Worldmark and Worldmall for certification.
  • Installed 1250 kW solar panels on rooftops.
  • Implemented MBR technology for water footprint reduction.
  • Installed smart composting machinery for organic waste management.
  • Implemented a Building Management System (BMS) across all assets.

Social Achievements

  • Received Great Place to Work Certification™.
  • Implemented AMBER, an AI-enabled chatbot for enhanced employee engagement.
  • Launched strategic leadership programs for talent management development.
  • Launched ACT initiative to provide quality education to underprivileged children.
  • Achieved 38% women representation in Key Management Personnel (KMP).

Governance Achievements

  • Established an Office of Ombudsperson.
  • Implemented a robust risk management framework incorporating climate and ESG-related risks.
  • 100% of supplier agreements include ESG-related clauses.
  • 100% of employees received regular performance and career development reviews.

Climate Goals & Targets

Long-term Goals:
  • 100% of all company’s operational assets to be green certified.
  • Achieve Net Zero emissions aligned with India's 2070 target.
Medium-term Goals:
  • 30% of suppliers trained on human rights issues by 2027, 100% by 2030.
Short-term Goals:
  • 75% of waste on construction sites to be diverted from landfill by 2026.
  • 100% of packaging and plastic waste to be recycled.
  • 100% of organic waste to be composted on-site.
  • ESG capacity building for 20% of tier-1 suppliers by 2025, 50% by 2027, 90% by 2030.
  • 100% supplier agreements to include ESG clauses.
  • Zero water discharge during operational phase.
  • Water audit for 100% of assets before 2030.
  • 100% of employees to be trained on human rights issues by 2025.

Environmental Challenges

  • Supply chain disruptions
  • Climate change impacts (physical and transition risks)
  • Reducing embodied carbon in building assets
Mitigation Strategies
  • Adopted the Task Force on Climate-related Financial Disclosures (TCFD) framework.
  • Undertook a climate risk assessment.
  • Initiated ESG assessments of critical suppliers.
  • Developed alternative sourcing strategies (local sourcing, sustainable materials).
  • Implemented measures to reduce waste, conserve water, and improve energy efficiency.

Supply Chain Management

Supplier Audits: ESG assessment of critical suppliers completed in FY 2023-24.

Responsible Procurement
  • Sustainable Procurement Policy
  • Supplier Code of Conduct
  • ESG clauses in all supplier agreements
  • Pre-qualification criteria for vendor onboarding including ESG parameters.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Flooding
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Renewable energy adoption

Reporting Standards

Frameworks Used: GRI Standards 2021, UN SDGs, TCFD

Certifications: IGBC Platinum (4, 5, 6 Worldmark)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15, 17

Bharti Real Estate aligns its strategic objectives with the UN SDGs through various initiatives related to poverty reduction, education, gender equality, clean energy, sustainable cities, responsible consumption, climate action, and partnerships.

Sustainable Products & Innovation

  • Green buildings
  • Energy-efficient technologies (BMS, PIBCV, solar PV, MBR technology)

Awards & Recognition

  • Great Place to Work Certification™
  • IGBC Platinum pre-certification (4, 5, 6 Worldmark)
  • Bharti Enterprises Changemaker award (Employee Engagement category)