Mahindra Lifespace Receives ESG Rating of 72 from SES ESG Research
Independent ESG Rating Recognizes Mahindra Lifespace's Sustainability Framework
Mahindra Lifespace Developers Ltd has been assigned an ESG rating of 72 by SES ESG Research Private Limited, a SEBI registered ESG Rating Provider, based on data from FY 2024-25 available in the public domain. The company did not engage SES ESG for assigning the rating.
The unsolicited rating underscores the company's visibility and performance on environmental, social and governance parameters in the public domain, potentially strengthening its standing with sustainability-focused investors and other stakeholders who track independent ESG assessments.
About SES ESG Research
SES ESG Research, a wholly owned subsidiary of Stakeholders Empowerment Services (SES), has received the certificate of registration from SEBI to operate as a provider of environmental, social and governance (ESG) ratings. The evaluation model contains over 400 questions and is based on both legal/mandatory and voluntary frameworks and global best practices, with weightages determined by SASB Standards and SASB Materiality Map that vary by industry based on material issues.
Mahindra Lifespace's Sustainability Positioning
Mahindra Lifespaces, the Mahindra Group's real estate arm since 1994, builds Net Zero homes, integrated cities and industrial clusters across nine Indian cities. With a 100% Green portfolio since 2014, the company is working towards carbon neutrality by 2040.
As a pioneer in Net Zero homes in India, Mahindra Lifespaces is committed to building only Net Zero homes from 2030 onwards, and has already launched India's first three Net Zero residential developments: one Net Zero Energy and two Net Zero Energy plus Waste.
ESG Framework and Commitments
Mahindra Lifespaces is the only company in the real estate sector in India to have Science Based Targets approved by SBTi in 2019, with Scope 1 and 2 targets aligned to a 1.5 degree pathway. All its projects are IGBC gold and above or GRIHA 3 star and above.
The company's detailed Code of Conduct for suppliers and contractors spells out their environmental and social responsibility, with compliance a necessity for conducting business with Mahindra Lifespaces. Under Sustainability 2.0, the company is focusing on moving towards carbon neutrality, integrating SDGs into business considerations, and deepening engagement with customers and employees.
A structured, impact-first CSR strategy drives every community investment at Mahindra Lifespaces, with the company committed to enhancing relationships with key stakeholders and creating a positive impact on society through corporate social responsibility initiatives.