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Company perspective

The Godrej Group has been associated with sustainable development for over a century. GPL aspires to be one of the world’s most responsible and sustainable real estate developers.

Current state of ESG in your respective company

We are committed to bettering our ESG performance and have developed a companywide 6P Sustainability framework (Process, People, Profit, Planet, Partnerships, Product) that guides our efforts to deliver impact across the triple bottom line. Additionally, our C Suite Officers and over 12% of our employees have performance goals linked to ESG parameters that are assessed and evaluated annually.

How to improve ESG standards within your companies’ portfolio?

The events of 2020 brought risks related to public health, climate change, diversity, equity, and inclusion to the forefront. We believe increasing transparency and accountability will improve implementation of ESG standards. Increasing the breadth and depth of disclosures will positively impact investor sentiment. These disclosure also help in identifying gaps in internal ES11xcvG mandates which can be worked upon to better year on year performance. Recent mandate from India’s market regulator SEBI for disclosure of ESG performance will further strengthen non-financial data disclosure in the public domain.

How ESG policies benefit your companies’ financial performance?

We recognize the importance of changing socio-economic and environmental conditions in our ability to identify strategic opportunities and meet competitive challenges. Incorporating robust ESG indicators across our development value chain is helping us focus on sustainable growth.

How can sustainability reporting can be improved?

Sustainability reporting can be improved by investments in better data management and analytics systems - cloud-based systems that capture real time data and provide actionable insights.

What are the key pain points when adopting ESG practices?

Lack of maturity and a complex real estate ecosystem especially with respect to the supply chain is a major pain point.