An Embassy Office Parks REIT asset in Embassy Quadron. (Photo: Embassy REIT)An Embassy Office Parks REIT asset in Embassy Quadron. (Photo: Embassy REIT)

Embassy Office Parks REIT (Embassy REIT) has received the LEED Platinum certification for all 77 operational buildings spread across the 12 office parks in its portfolio.

This makes the REIT the largest owner of LEED Platinum-certified assets in the world, the REIT disclosed in a recent statement.

“To become the world’s largest USGBC LEED platinum-certified office portfolio reinforces our leadership position in providing truly world-class and sustainability-focused properties to global occupiers and their employees”, said Vikaash Khdloya, CEO of Embassy REIT.

“We continue to drive sustainable growth of our business as part of our commitment to achieve net zero carbon operations by 2040”, he added.

In October last year, as part of its ESG strategy, Embassy REIT announced a commitment to achieve 75% renewable energy usage across its properties by FY2025.

An existing 100 MW solar plant supplying electricity to its Bangalore properties, as well as an ongoing project to install solar rooftop panels with a capacity of over 20 MW across its pan-India asset-base are central to achieving this target.

Embassy REIT has also implemented several initiatives to reduce energy and water consumption, as well as promote waste recycling in its parks.

The REIT was last done on the BSE at INR353.20, which presently implies a distribution yield of 6.16% according to data on the India REITs table.

Related: Global recession will spur demand for Embassy REIT’s office spaces, says its CEO

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.