Macrotech developers are in the 87th percentile of the real estate industry and are among the 13% of the most rated companies globally in S & P’s Global Corporate Sustainability Assessment this year.
Macrotech Developers Limited (Lodha), a leading real estate developer, received an exceptional rating in the S&P Global Corporate Sustainability Assessment (CSA). Following an in-depth assessment of the environmental, social and governance (ESG) dimensions of the company, Lodha obtained a score of 58 out of 100 in the S&P Global Corporate Sustainability Assessment 2021. These were Macrotech Developers’ first attempt at evaluation.
The company is in the 87th percentile of the real estate industry, it is among the 13% of the most valued companies globally in the S & P’s Global Corporate Sustainability Assessment this year .
Long-term ESG objective: The benchmarking exercise was commissioned by Macrotech Developers earlier this year when the company formalized its goal of becoming a “net zero carbon” company by 2035. The company aimed to undertake a baseline assessment for measure its current impact on ESG issues. The resulting ESG profile score reflects that Lodha, being a values-driven company, has already achieved remarkable performance on environmental, social and governance aspects and highlights the company’s commitment to achieving its objectives. ESG.
Senior Executive Commentary
“As an industry leader, we take on the important responsibility of doing what is right for present and future generations. Prioritizing our ESG objectives and integrating them into business strategies has always been our objective, and this ESG note is proof of our commitments. This rating process made us aware of several opportunities for improvement and growth and we aim to enter the top 5 percent of global real estate companies within the next 2 years. Our mid-term goal is to be a “decidedly positive” organization – focusing not only on economic profit, but also creating a positive impact on society and the environment. It’s the start of a long journey and we are fully committed to “doing good while doing good,” said Abhishek Lodha, CEO and Managing Director of Macrotech Developers.
Macrotech opened at Rs 1,099 and closed at Rs 1,141.25, up 6.16% for the day.
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