Our ESG objectives & initiatives

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Environmental

- Addressing Climate Change
- Reducing GHG Emissions
- Improving Operational efficiency
- Reducing energy & water consumption
- Using renewable energy
- Enhance Biodiversity
- Promote EV
- Reduce waste sent to landfill

Social

- Prioritize Health, Safety and Wellbeing of stakeholder
- Enhancing DE&I
- Improving Accessibility
- Enhance Satisfaction
- Promote safe work practices
- CSR initiatives
- Human Rights

Governance

- Trust & reliability
- Corporate Governance
- Codes of Conducts
- Ethical Practices
- Statutory & regulatory compliances
- Accountability and Transparency

Environment, Social and Governance

Objective

To ensure that the business and its operation have a positive impact on People, Plant and Community around us, while confirming to the highest standard of Corporate Governance.

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Environment

Climate Change & Sustainability is one of the most critical aspects & as a SPIAPL, we are committed to reduce the environmental footprint and GHG emissions resulting out of our operations. Therefore, in our constant endeavour to support Environment, we strive to implement strategies that can reduce the Utilization of resources, Enhance Operational Efficiency, reduce dependency on fossil fuel, increase use of Renewable energy, Use Green Certified products and materials, enhance biodiversity and reduce the waste being sent to landfill.

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Social

We are committed to prioritize Health, Safety & Wellbeing of all our stakeholders. Our endeavour is to create a culture of safe practices and eliminate potential risks and exposures which can cause injury or hazards to health. Our effort is to create an environment where we provide equal opportunities for all to thrive and take actions towards diversity, equity, inclusivity and accessibility. We are focused to enhance experience and satisfaction of our tenants by providing them with a quality service aligned with their expectations. We support all the workers right and prohibit any malpractices related to child or forced labour. We believe in contributing and giving back to the local community through our CSR initiatives.

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Governance

Trust and Reliability are one of our core values and therefore we are committed to demonstrate highest standards of corporate governance. Our operations are governed by strong practices and processes defined by the Codes of conduct and Ethical practices. Our aim is to comply with all applicable statutory and regulatory requirements. We believe in the responsible way of business and are accountable and transparent as we periodically demonstrate our performance to all the key stakeholders.

What does ESG mean for Us

Environment

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  • 01.

    Real estate contributes to 40% of the global greenhouse gas emissions. Therefore practices, such as energy-efficiency, renewable energy, and green building certifications, can reduce carbon footprint and contribute to global climate change mitigation efforts.

  • 02.

    By incorporating green and sustainable measures, such as water-efficient fixtures, renewable energy systems, and recycled/recyclable materials, we can optimize resource consumption, reduce waste generation, and promote waste diversion from landfill.

  • 03.

    Sustainable design and construction practices can also enhance building durability, reducing maintenance and repair costs over time.

  • 04.

    Green and Sustainability certification programs can contribute to healthier and more productive indoor environments for occupants, leading to increased occupant satisfaction, improved employee well-being, and reduced healthcare costs.

Social

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  • 01.

    Social Sustainability is extremely essential for fostering positive relationships with stakeholders, attracting and retaining talent, and meeting customers expectations.

  • 02.

    We emphasize on meaningful engagement with stakeholders to build trust, loyalty, and long-term partnerships. We Prioritize employee welfare, health and safety to retain talent, resulting in higher productivity and lower turnover rates.

  • 03.

    We Promote diversity, equity, and inclusion within the workforce leads to better work culture resulting into improved organizational performance.

  • 04.

    We uphold and respect human rights principles, such as fair labor practices and responsible sourcing.

  • 05.

    We look forward to actively engage with local communities, support social initiatives, and contribute to sustainable development.

Governance

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  • 01.

    Corporate governance enables strategic decision-making, accountability, risk management, builds stakeholder confidence, ethical behaviour, and long-term sustainability.

  • 02.

    Strong governance practices enhances transparency, instil confidence and trust among stakeholders. Governance plays a critical role in identifying, assessing, and managing risks within an organization.

  • 03.

    Governance processes helps organization to keep aligned with statutory and regulatory requirements.

  • 04.

    Effective governance ensures that ethical considerations are embedded in organizational values and reflected in daily practices.

Our key ESG programs and initiatives



Energy use reduction

Reduce dependency on the fossil fuel and transition to net zero energy portfolio through energy efficiency measures and use of renewable energy

Water use reduction

To achieve water neutrality by reducing the consumption through water efficient strategies, recycling and re-using of waste water and rain water harvesting

Waste Diversion

To achieve a near Zero waste to landfill status, by reducing, recycling and reusing the waste through circular programs

Biodiversity

To protect, restore / enhance the existing biodiversity and implement strategies for assisting threatened species, populations and ecological communities

Supply Chain

To evaluate & influence adoption of ESG compliant supply chain (with a focus on reducing environmental footprint and improving Social and governance controls

Sustainable Materials

To select product or material which are either Locally sourced, certified (EPD, Health and other certification) and are recyclable / or has recycled content

DE&I

To create a positive working atmosphere for the employees by implementing Diverse, Inclusive and Equitable practices, infrastructure and employee engagement programs

Health & wellbeing

To enhance productivity of employee & stakeholders by creating an environment which fosters health, safety and wellness

SDG Alignment



The Sustainable Development Goals or Global Goals are a collection of seventeen interlinked objectives designed to serve as a "shared blueprint for peace and prosperity for people and the planet, now and into the future

The SDGs emphasize the interconnected environmental, social and economic aspects of sustainable development by putting sustainability at their center

At SPIAPL We are Aligned to 14 out of 17 SDG’s

GOAL 3:
Good Health and Well-being

Achieved Safeguard Certification by BVQI

GOAL 5:
Gender Equality

Promoting Equal Opportunities and DE&I Measures

GOAL 6:
Clean Water and Sanitation

Implementing strategies aligned with WELL HSR and ensuring Drinking Water Testing, Drinking water availability, Waste water treatment

GOAL 7:
Affordable and Clean Energy

Installed 1.1 MW of Roof Top Solar PV

GOAL 8:
Decent Work and Economic Growth

Robust process related to Human Rights and other work practices in place

GOAL 9:
Industry, Innovation and Infrastructure

Signatories with IGBC Mission on Net Zero, Energy Monitoring Systems

GOAL 10:
Reduced Inequality

Promoting Equal Opportunities, DE&I, Promoting accessibility

GOAL 11:
Sustainable Cities and Communities

Adopting Green Certification for 100% of properties

GOAL 13:
Climate Action

Signatories with IGBC Mission on Net Zero

GOAL 14:
Life Below Water

Promoting Biodiversity & Waste diversion through environment friendly strategies

GOAL 15:
Life on Land

Biodiversity

GOAL 16:
Peace & Justice Strong Institutions

Codes of conduct

GOAL 17:
Partnerships to achieve the Goal

CSR Measures

Environment

Building Certification

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  • Green building certifications are an effective way of minimising the environmental impact while maximising resource efficiency and occupant health and wellbeing. Employing sustainable design and construction practices that meet the requirements of such certifications boosts the durability of our buildings, resulting in reduced expenses for maintenance and repairs in the long run. Additionally, adhering to globally benchmarked standards help us create healthier and more productive indoor spaces for occupants. This, in turn, leads to heightened satisfaction among occupants, improved wellbeing of employees, and decreased healthcare expenses.

  • All buildings in SP Infocity Pune are certified Platinum under the IGBC Green Rating Programme, demonstrating the highest standards of sustainability. We not only ensure our new construction projects are green-certified but also maintain certifications for operational assets through the Operation and Maintenance rating.

Awards and Certifications

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    IGBC Platinum Green Campus Certificate (2021)

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    IGBC Platinum for Operations and Maintenance (Building 1-5) (2021)

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    IGBC Gold for Core & Shell for Building 5 (2020)

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    IGBC Pre-Gold certificated for Building 7 (2019)

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    SafeGuard certification from Bureau Veritas (2021)

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    Received award for construction of Building 7 from the Construction Industry Development Council under “Construction Health, Safety & Environment” category

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    “Best Managed Building Award” at Asia Pacific PAM Awards 2021

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    PMC Best Landscape Award – 2015, 2017, 2018, 2019 & 2020

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    iNHFRA Award for Safety and Security - 2019

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    Bloomberg International Property Award Highly Commended Office Development India - 2011

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    Green and Clean Environment Initiative - 2011

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    Maharashtra IT Infrastructure Award - 2008

Our Net Zero Approach

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  • Net Zero strategies for Buildings can play a significant role in reducing the Global GHG emissions. Therefore as SPIAPL, we are committed to adopt decarbonization strategies to minimize the adverse environmental impact associated with building construction & operations.

  • Our strategies shall include the following:

  • 1. Enhancing energy efficiency
    2. Use Renewable Energy
    3. Use Sustainable Building Materials
    4. Promote use of EV
    5. Undertake Green Certifications
    6. Perform Lifecycle Assessment
    7. Circular waste strategies

  • We are glad to inform that we are signatory and supporters of “IGBC Mission on Net Zero”. As a part of this mission, we will continue to identify and implement Net Zero Strategies for our assets.

Corporate Social Responsibilities




At Shapoorji Pallonji Investment Advisors Private Limited, we aim at supplementing the role of the Government in enhancing welfare measures for the society. Growing, moving ahead in a sustainable manner and creating a positive impact on our surroundings.

Our key areas of development are:

  • Improving the quality of life and enhancing the standard of living
  • Providing healthcare facilities
  • Environment sustainability, preservation and improvement


Composition of the CSR Committee

  • Mr. Shankar Krishnan Subramanian
  • Mr. Darius Patel

Our Contribution



Masina Hospital

Masina Hospital

In line with the key focus areas and the CSR Policy, the Company has contributed funds, as CSR expenditure, to Masina Hospital, a hospital specializing in treatment of burns in South Mumbai and having a survival rate of almost 70% for patients with 50% burns. By contributing to Masina Hospital, a modern multi-specialty hospital which caters to needs of the lower income strata, the Company plans to further its goal towards providing better and more accessible health care facilities for the society at large.

Annual Returns




     
Annual Return 2021-22  
     
     
Annual Return 2022-23  
     

For more information please reach out to us at esg.spiapl@shapoorji.com