ESGRO is a holistic framework that extends commitment to sustainability in Real Estate Operations
NEW DELHI (India CSR): An ESG framework for Indian Real Estate operations (ESGRO) has been developed. The framework will enable real estate operations (Integrated Facilities Management) following the United Nations Sustainable Development Goals. Real Estate Industry is slated to become $1 Trillion Industry by 2030 and contribute to around 13% of India’s GDP by 2025. Hence the impact of this Industry contributing to Sustainability is significant.
ESG framework for Real Estate operations is developed by a private advisory body.
Within the real estate industry, companies have committed to inculcating measures towards Net-Zero through their investors and stakeholders.
The ESGRO framework will be in sync with the evolving ESG policies of organisations to assess their operational goals and priorities.
The framework not only addresses environmental performance and climate change with a prioritised focus on water stewardship, energy management, and waste management, but it will also support the organisation’s social and governance facets of social equity, training & development, health & safety, wellbeing, employee engagement, CSR, supply-chain performance, risk management, corporate governance, and regulatory compliance, among others.
ESGRO adheres to global sustainability standards and is committed to monitoring, improving, and auditing policies that bolster ESG for the real estate sector.
In line with India’s aim to achieve net-zero carbon emissions by 2070, the ESGRO framework will deploy quality practices and processes that help their clients develop, maintain, and accelerate operational mechanisms across their real estate infrastructure.
The framework is developed in accordance with the United Nations Sustainable Development Goals. It aims at empowering real estate organizations to optimize and pursue their ESG goals through a strategic approach.
The framework not only addresses environmental performance and climate change with a prioritised focus on water stewardship, energy management, and waste management, it will also support the organisation’s social and governance facets of social equity, training & development, health & safety, wellbeing, employee engagement, CSR, supply-chain performance, risk management, corporate governance, and regulatory compliance, among others, the company said.
