Mahindra Lifespaces publishes GRI report
Mahindra Lifespace Developers has become the first real estate company in India to publish a GRI (Global Reporting Initiative) compliant sustainability report. The triple bottom-line focused report has been assessed at A+ as per the GRI-G3 guidelines, indicating the highest level of transparency and voluntary disclosure.
“The first standalone sustainability report explores how Mahindra Lifespaces’ defines and implements its strategy, identifies material issues and addresses its responsibilities not only to all stakeholders but more importantly to the environment. It highlights the company’s economic, environmental, social and governance performance across all aspects of the business and organization,” the company said.
Anita Arjundas, managing director and CEO, Mahindra Lifespaces Developers, said, “Our endeavor has been to adopt business strategies that meet the needs of our organisation and our stakeholders while protecting, sustaining and enhancing human and natural resources. We are proud to be the first organisation in the real estate industry to have embraced the triple bottom line approach to sustainability and to present the first GRI A+ rated sustainability report of Mahindra Lifespaces.”
Mahindra Lifespaces has followed the GRI sustainability reporting G3 guidelines, which is the most widely adopted non-financial reporting framework in the world and used to help communicate sustainability performance while encouraging transparency and accountability. Third party assurance has been given by KPMG after having audited the disclosures. Once published, this report can be viewed worldwide in GRI’s ‘Sustainability Disclosure Database’.
GRI is a non-profit organization and its framework enables organisations to measure and report their economic, environmental, social and governance performance—the four key areas of sustainability. GRI has pioneered and developed a comprehensive sustainability reporting framework that is widely used around the world.