Capitaland Investment to Further Net Zero Movement In India
CapitaLand Investment (CLI), and Real Estate Investment Manager (REIM), signed a Memorandum of Understanding (MoU) with the Confederation of Indian Industry (CII) – Indian Green Building Council (IGBC) to further the Net Zero movement in the country. IGBC and CLI were represented by Gurmit Singh Arora, Chairman, IGBC, and Gauri Shankar Nagabhushanam, CEO – of India Business Parks, CLI, who signed the MoU at the 21st CII-IGBC Green Building Congress held in Hyderabad. Under the partnership, IGBC will build resource capabilities by training CLI professionals in implementing Net Zero concepts at its properties across India and jointly work towards spreading awareness among industry stakeholders. IGBC will also facilitate CapitaLand assets to achieve Net Zero results in energy and water usage, waste management, and carbon emissions. Leading the agenda for sustainability, IGBC has recognized CLI’s upcoming International Tech Park Chennai - Radial Road (ITPC-RR) as the first Net Zero business park in India. The provisional Net Zero certification for ITPC-RR which is under development extends across parameters including energy efficiency, water conservation, and waste management. Gauri Shankar Nagabhushanam said, “Sustainability is a core tenet of CapitaLand Investment’s business, and we integrate it into every stage of our real estate life cycle, from investment to design, development and operations. Our Net Zero commitment in India augments CLI’s commitment to achieving Net Zero emissions by 2050. Together with CII-IGBC, we will strive for our assets to be Net Zero-certified and advance the Net Zero movement in the real estate industry in India.” Dr C Velan, City Head, Business Parks Chennai and Head, India Property Management, CLI said: “Innovations in the development process at ITPC-RR to enhance water and energy efficiencies and waste management has enabled us to achieve the Net Zero certification by IGBC. We have also collaborated with like-minded partners to make the Net Zero certification possible, and we will continue our Net Zero commitment to roll the certification out to our other assets in the country.”
Tags : Capitaland Investment Net Zero Movement India Real Estate Investment Manager Gurmit Singh Arora Chairman IGBC Gauri Shankar Nagabhushanam CEO India Business Parks CLI Dr C Velan City Head Business Parks Chennai Head India Property Management CLI