Equinox India Developments Limited (formerly Indiabulls Real Estate Limited)
Climate Impact & Sustainability Data (2022-23, 2023-24)
Reporting Period: 2022-23
Environmental Metrics
Total Carbon Emissions:NA
Scope 1 Emissions:NA
Scope 2 Emissions:NA
Scope 3 Emissions:NA
Renewable Energy Share:NA
Total Energy Consumption:4860393.18 (2022-23), 12299554.8 (2021-22)
Water Consumption:137148 (2022-23), 129375 (2021-22)
Waste Generated:NA
Carbon Intensity:Not disclosed
ESG Focus Areas
- Regulatory Compliance
- Physical Impacts of Climate Change
- Health and Safety
Environmental Achievements
- Company has shifted its workplace from a permanent office to a co-working place (WeWork), reducing power consumption and carbon footprint.
- Zero harm status maintained in FY 2022-23 (no fatalities or lost-time injuries).
Social Achievements
- Ensuring the safety of its employees, contractors and local communities is a top priority.
- Implemented measures to strengthen health and safety systems and processes.
Governance Achievements
- Compliance with all regulatory requirements maintained in FY 2022-23.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- To minimize power consumption and reduce carbon footprints.
Environmental Challenges
- Failure to comply with rapidly changing regulatory requirements.
- Increased severity of extreme weather events posing a risk of damage to real estate portfolio.
- Health and safety risks due to the nature of construction and real estate management operations.
Mitigation Strategies
- Robust set of environmental, social, and governance policies; regular compliance reviews; procedures and practices constantly evolve to fulfil compliance requirements.
- Mapping physical risks for current and future projects; incorporating physical adaptation and mitigation measures; building designs for higher seismic zones; rainwater harvesting.
- Mandated measures to strengthen health and safety systems and processes; prioritizing safety of employees, contractors, and communities.
Supply Chain Management
Supplier Audits: 100% (Health and safety practices, working conditions)
Responsible Procurement
- Code of Conduct; ESG criteria verified at site; General Conditions of Contract/ Supplier Code of Conduct with human rights related guidelines.
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of extreme weather events; damage to real estate portfolio.
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: NGRBC
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:13130.86 GJ
Water Consumption:118671 kilolitres
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Stewardship
- Social Stewardship
- Sustainable Business
- Regulatory Compliance
- Physical Impacts of Climate Change
- Health and Safety
Environmental Achievements
- Company has shifted its workplace from a permanent office to a co-working place (WeWork) and encouraged employees to adopt a work-from-home policy.
- All buildings are designed for a seismic zone higher than the zone of the area they are built in, to ensure greater resilience in an earthquake.
- Rainwater harvesting wells have been built for water conservation and to prevent flooding at the site.
Social Achievements
- Zero harm status maintained in FY 2023-24, i.e., there were no fatalities or lost-time injuries resulting from operations, including both operation and maintenance of the portfolio and development of assets (construction).
- The premises/offices of EMBDL are accessible to differently abled individuals, as per the requirements of the Rights of Persons with Disabilities Act, 2016.
Governance Achievements
- Compliance with all regulatory requirements maintained in FY 2023-24.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Failure to comply with rapidly changing regulatory requirements.
- Increased severity of extreme weather events including natural disasters, rising mean temperatures and sea levels.
- Health and safety risks due to the nature of operations in construction and real estate.
Mitigation Strategies
- Equinox India Developments Limited is committed to promoting a culture of compliance within the organization supported by a zero-tolerance policy and has a robust set of environmental, social, and governance-related policies in place.
- Equinox India Developments Limited maps physical risks for its current portfolio and future development projects, followed by the incorporation of physical adaptation and mitigation measures for assets that are identified at risk.
- Health and safety are one of the key priorities for the Company. The Company has mandated to follow all the measures to strengthen health and safety systems and processes for preventing any safety incidents.
Supply Chain Management
Supplier Audits: 100%
Responsible Procurement
- EMBDL’s Code of Conduct and the ESG criteria verified at site ensures that sustainability is integrated into its supply chain.
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of extreme weather events including natural disasters, rising mean temperatures and sea levels
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: NGRBC, GRI
Certifications: Null
Third-party Assurance: N.A.
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed