As India embarks on a journey towards Environmental, Social, and Governance (ESG) excellence, Brookfield Properties stands at the forefront of the change. It has embraced ESG principles as the bedrock of its operations.
Pillars of ESG Excellence
Brookfield Properties’ ESG strategy is built on four pillars: leading in sustainable solutions, partnering for thriving communities, empowering people, and promoting trust through governance. This comprehensive approach permeates every aspect of the business cycle, from planning and design to construction, leasing, and operations, driving long-term value creation for stakeholders while contributing to the betterment of communities and the planet. The company firmly believes that buildings are more than physical structures; they shape communities and empower people to thrive. With a workforce of over 1,000 (and more than 450 tenants in India), Brookfield Properties recognizes its people as its greatest asset. The company fosters an inclusive and empowering environment by providing accessibility measures, comprehensive occupational health, safety, and well-being programs, and maintaining a steadfast commitment to achieving ‘Zero Serious Safety Incidents’.
Leading by Example
Brookfield Properties’ journey towards ESG excellence has been marked by a series of pioneering initiatives. One such endeavor is the Earth Forward: ESG Dialogues series, initiated in partnership with The Economic Times in September 2023. This groundbreaking program convenes thought leaders and experts across multiple cities, fostering a collaborative platform for knowledge-sharing and discussions on ESG best practices.
Other noteworthy initiatives include the Powai Run 2024, a charity event held in Mumbai, and the Aravani Art Project, at Ecoworld, Bengaluru, which champions inclusivity by featuring murals depicting the diversity within the transgender community.
Transparency and accountability have been crucial components in the company’s ESG journey.
Brookfield Properties’ annual ESG reports serve as a testament to its dedication to open and honest reporting. Aligned with global standards such as the Global Reporting Initiative (GRI) Universal Standards 2021, the Global Real Estate Sustainability Benchmark (GRESB), and the Carbon Disclosure Project (CDP), this report offers a comprehensive overview of the company’s governance, social and environmental initiatives.
Environmental Stewardship
Brookfield Properties has set an ambitious target of achieving a 30% green cover across its campuses. Through a comprehensive scientific plan, it is fostering stronger ecological connections within the built environment, championing native species, protecting pollinators, and nurturing biodiversity in every property.
Furthermore, the company’s rigorous assessment methodologies and strategic initiatives have resulted in significant carbon sequestration, totaling 13,61,327 kg by planting 35,693 trees across 24 locations. This remarkable achievement underscores Brookfield Properties’ commitment to transitioning to a zero-carbon economy and reaching Net Zero greenhouse gas (GHG) emissions by 2040 across its entire 50 million square foot portfolio in India.
