Embassy REIT Conferred the Coveted 'Golden Peacock' Award

Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) ('Embassy REIT'), India's first listed REIT and the largest office REIT in Asia by area, today announced the receipt of the prestigious 'Golden Peacock Award for Sustainability' for the year 2021, as a recognition of its leading initiatives in the Environmental, Social and Governance ('ESG') field.

The Golden Peacock Awards were instituted by the Institute of Directors ('IOD'), India in 1991 and are regarded as a global hallmark for corporate excellence due to its transparent and exhaustive 3-Tier evaluation process based on internationally recognized criteria. Embassy REIT is the only Indian real estate entity to receive this recognition in the past 6 years, reinforcing its commitment to be a sustainability leader for the sector.

Michael Holland, Chief Executive Officer of Embassy REIT, said, "We are honored to receive this prestigious award from Institute of Directors recognizing our sustainability efforts over a number of years to take an ESG leadership position in the Indian real estate sector. We have recently announced our commitment to deliver net zero by 2040 and are constantly working to align our business priorities with our sustainability goals."

Embassy REIT was also recently awarded a WELL Portfolio Score from the International WELL Building Institute (IWBI), making it the first organization in India to receive a certification for implementation of health and wellbeing strategies through a portfolio-wide approach. In addition, over 70% of Embassy REIT's properties are already LEED USGBC / IGBC certified, with all new buildings designed to be Gold / Platinum certified. Also, Embassy REIT is the first Indian commercial real estate entity to be certified under ISO27001 certification for data security for its entire portfolio.

Over the past two years, numerous initiatives have been undertaken to improve the health, safety and wellness features of the business parks. To improve the air quality across the portfolio, Photo Hydro Ionization (PHI) air filtration systems have been installed. Automated External Defibrillators (AEDs) have also been added as a standard amenity to the business parks, ensuring medical readiness for heart-related emergencies.

Shares of Embassy Office Parks REIT was last trading in BSE at Rs. 379.99 as compared to the previous close of Rs. 375.47. The total number of shares traded during the day was 3355 in over 100 trades.

The stock hit an intraday high of Rs. 380.99 and intraday low of 376.61. The net turnover during the day was Rs. 1273391.00.

Source : Equity Bulls

Keywords

EmbassyOfficeParksRETI ESG REIT GoldenPeacock Award