Mindspace Business Parks REIT commits to Climate Group’s EV100 initiative at Climate Week NYC 2020

Mindspace EV
Mindspace Business Parks REIT, with one of India’s largest Grade A office portfolios, has pledged to transition to 100% electric mobility by expanding electric vehicle charging infrastructure for clients across all its Business Parks by 2030, to help accelerate a global shift to clean transport and reduce air pollution in the urban micro-markets. It is the first real estate entity from India to join the Climate Group’s global EV100 initiative, which brings together nearly 90 international companies committed to making electric transport the new normal by the end of this decade.

Mindspace Business Parks REIT has already begun driving EV uptake amongst its clients by installing 1000+ charging points across its business parks. In 2019, EV vehicles were pilot launched at the Mindspace Juinagar Business Park in Airoli (Mumbai Region), with EV infrastructure being set up subsequently across locations at a very quick pace. The infrastructure provided will be supported with communication and campaigns on EVs, and highlighting advantages to the user and environment, to help increase awareness and acceptance.

Mindspace Business Parks REIT, sponsored by K Raheja Corp Group, owns office portfolios located in Mumbai Region, Pune, Hyderabad, and Chennai. Its portfolio consists of 5 integrated business parks and 5 independent office assets. The whole fleet of Mindspace Business Parks REIT portfolios’ owned EV vehicles, which are used to ferry employees in and around the business parks, will be switched to electric by 2030. Says CEO Vinod Rohira, “Our endeavour under the Climate Group’s EV100 initiative is to fortify our commitment to sustainability, with the best blend of innovation and technology. By setting up of the electrical charging stations at our Business Parks we offer solutions that are good for the environment, customers, stakeholders, and future generations.”

EV100, a global initiative led by the Climate Group, brings together companies committed to making electric transport the new normal by 2030. Says Divya Sharma, Executive Director - India, the Climate Group, “By providing charge points for thousands of its employees, Mindspace Business Parks REIT is helping drive India’s transition to electric mobility, lowering emissions and improving air quality. As the first real estate entity from India joining our initiative, it is leading by example, and has a real opportunity to influence the wider sector to follow in its footsteps.”

Today, each building of Mindspace Business Parks REIT is either Gold or Platinum Green Building Certified (LEED/IGBC) due to its sustainable practices. Examples include, integrating passive architecture design, soil erosion control during construction, rain water harvesting, water efficient plumbing fixtures, waste water treatment; installing HVAC systems and energy conserving electrical fixtures, and installing a 1.47MW rooftop solar PV. At Mindspace Madhapur in Hyderabad, organic waste management sees 100% of organic waste converted to manure and using it for landscape inside the campuses; CO2 monitoring inside the buildings, use of low emitting materials, and building designs that ensure 30% extra fresh air. These best practices have led Mindspace Business Parks REIT’s business parks to receive a 5-Star rating by the British Safety Council in its Health and Safety Audit; along with being certified the OHSAS 18001 for occupational health and safety management.
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