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Sunteck Realty Limited, a Mumbai-based premium luxury real estate developer is proud to announce its remarkable score of 95 in GRESB (Global Real Estate Sustainability Benchmark) Assessment, with a prestigious 5-star rating. The GRESB 5-Star rating is given to the entities placed in the top 20% of the benchmark, making it a top tier performer against its peers.
Sunteck realty’s GRESB score is an outcome of its progress along the three dimensions of ESG - Environmental, Social and Governance, including but not limited to greater efficiency in its management of Energy, Water, Materials for its projects, various engagement programs for its stakeholders, policies, and well-defined procedures with aim to enhance good business practices and enhancing communities in which the company operate. This recognition underscores Sunteck Realty's endeavor to sustainable development and responsible business practices.
Over the past year, Sunteck has aligned with the requirements outlined by Excellence in Design for Greater Efficiencies (EDGE), an innovation of International Finance Corporation (IFC), a member of the World Bank Group.
Kamal Khetan, Chairman and Managing Director of Sunteck Realty Limited, expressed his delight at the achievement, stating, "We are immensely proud to receive the 5-star GRESB rating. This recognition reaffirms our endeavour to sustainability, green building practices, and our responsibilities towards the environment and society. We have also partnered with IFC to set up a joint platform to invest up to Rs 750 crore to develop high quality urban green housing projects in Mumbai Metropolitan Region (MMR). Sunteck's ESG journey has reached a significant milestone, and we are more determined than ever to shape a sustainable and inclusive future for our stakeholders going forward.”
“Reviewing the benchmarks for this year, it's evident that the industry's dedication to ESG principles is stronger than ever, as showcased by the continued increase in participation and broader data coverage. We applaud investors and managers in the real assets sector for their resolute pursuit of sustainability.” said Sebastien Roussotte, CEO of GRESB.
