Sustainability Document
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ESG REPORT 2021 LODHA GROUP CONTENTS CEOs Statement 2 Overview 4 1. Planning & Design A. Sustainable Eco-system development 6 B. Strategic Partnerships and Consultants 10 C. Sustainable Cluster/Building Conceptualization 16 D. Certifications Undertaken 23 2. Sustainability in Operations A. Energy Conservation 25 B. Water Conservation 26 C. Environment friendly mobility services 29 D. Pandemic Resilience 31 3. Our People and Community A. Our People 33 B. Community 38 4. Governance A. Corporate Governance 45 B. Project Governance 46 Our Performance 48 Awards & Recognition 52 CEOs STATEMENT and strengthen the natural ecosystem that we are a part of. We care about the environment because we care about our children – future generations deserve to be a given a better earth than what we inherited. As an organization which makes probably Over the past few years, as climate change the longest-term impact: to our environment, and sustainable development have become urban fabric and the lives of those who live ever contextual, we have realized that our and work in our development, we shoulder a responsibility is even bigger than we had significant responsibility to do what is right understood in the 2000s. With 8,000+ for the current and future generations. With homes and millions of sq. ft. of office and our average age of management team in industrial space being designed and early to mid-40s, we also recognize that the delivered by our company, we have strived to growth of our business will not only be set the benchmark in India for high quality shaped but also determined to a large and sustainable development, across degree to how well we are able to converge different price segments and asset classes. our business’s goals with the larger Whether it is India’s first office building Environmental, Social and Governance powered by 90%+ renewable power or goals of the communities and nations that being the first developer to offer 5 star rated we live in. We have an unequivocal ACs as a part of standard fitting or planning commitment to be a leader in this area and for a car-free city centre in Palava or 100% with this ESG report, we call upon all our recycling of waste water across our stakeholders to help us better understand developments, we have done whatever we how we can make a lasting impact in making could to ensure that sustainability becomes a a positive contribution to our communities. way of life for our company and the vast ecosystem of suppliers, workers and SUSTAINABILITY VISION inhabitants that we bring together. We were lucky that very early in our growth journey, we were guided by Dr. Prem C. Jain, By 2025, our vision is to ensure that atleast long-term leader of the Indian Green 90% of the area developed by us is Building movement and a passionate designed, built and operated at the level of believer in sustainable development. Since platinum green rating or better. By 2035, we 2005, we have strived to ensure that our aim to be a carbon-neutral company. We design, execution and operations augment hope that with ever improving technology, 2 will be able to meet these goals sooner than GOVERNANCE VISION planned and aim even higher. Our organization strongly believes that trust is the bedrock of any successful enterprise. SOCIAL VISION Furthermore, success in the housing industry Guided by the legacy of the founding family in India has become increasingly driven by of this company, which has focussed on how trustworthy potential customers perceive public service for many decades, our a developer to be. company, through the Lodha Foundation, works to make an active and positive Our eminent Board of Directors guide us difference in our society. With a focus on with a view to ensure continuous ensuring employability of atleast one improvement in transparency and processes. member of each family (which we believe From our ‘no gift’ policy to our robust (and ensures the long-term upliftment of the entire often rambunctious) internal audit reviews, family), we focus on primary, secondary and from our Prevention of Sexual Harassment tertiary education enablement, technical committee to our whistleblower reward training / skill building and self-help groups process, we are committed to striving to which support women to setup businesses. achieve extremely high level of governance and transparency across all areas of our DIVERSITY VISION business. We believe in the paradigm of talent first and ensure that no other reason determines the success of individuals in our ecosystem. We are background neutral in our recruitment, vendor management and sales processes and actively promote gender diversity at all Abhishek Lodha levels of our organization. Managing Director & CEO 3 OVERVIEW Lodha Group is the largest real estate Lodha Group has always been committed to developer in India, by Revenues for the operate in a sustainable manner. All our financial year 2020 i.e. consolidated guiding principles and practices which are revenue of Rs 12,486 for FY2019-20. Our embedded into our day to day operations core business is residential real estate strives and has sustainability at its very core. developments with a focus on affordable and Hence our processes, policies and practices mid-income housing. Currently, we have a positively impacts the ESG indicators i.e. large portfolio of residential projects in the Environmental (impact with regards to MMR and Pune. In 2019, we forayed into the natural environment), Social (impact with development of logistics and industrial parks. regards to the internal and external people We also develop commercial real estate as organization interacts) and Governance part of mixed-use developments in and indicators (impact with regard to its around our core residential projects. formalized governing infrastructure, transparency, roles and responsibilities and Our Company was founded in 1980s and is accountability)1. led by Abhishek M. Lodha, who has been our Managing Director since 2010. We have These ESG indicators are covered under 4 a leadership team of experienced broad strategic focus areas: professionals, with relevant functional 1. Planning & Design expertise across different industries, who are 2. Sustainability in Operations instrumental in implementing our business 3. Our People and Community strategies. We commenced our operations in 4. Governance Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune. Lodha Group has always been committed to operate in a sustainable manner. All our guiding principles and practices which are embedded into our day to day operations strives and has sustainability at its very core. 1 Reference - Nareit Guide to ESG Reporting Frameworks 4 PLANNING & DESIGN All our projects from the very start are consultants both domestically and designed, planned and executed internationally, who have helped us in incorporating the best practices from developing some of the most iconic across the globe. We have also partnered structures and townships. 4 key with some of the finest players & sustainability elements include: SUSTAINABLE ECO-SYSTEM DEVELOPMENT STRATEGIC PARTNERSHIPS & CONSULTANTS SUSTAINABLE CLUSTER / BUILDING CONCEPTUALIZATION CERTIFICATIONS – LEED GOLD / 5 STAR SUSTAINABLE ECO-SYSTEM DEVELOPMENT Our projects are planned such that they are LODHA AMARA – is an more than just a home, rather an eco-system approximately 40 acre neighbourhood being which provides maximum liveability elements developed by Lodha in Kolshet road, Thane. in one place i.e. be it schools, offices, club Part of a larger integrated mixed use houses, green spaces, retail, etc. This Masterplan that comprises of office buildings ensures a superior quality of life for residents and a retail development, further there is residing in our projects. Further as the key nearly 1:1 ratio between residential flats and elements are within the project itself it office occupants, providing a significant significantly minimises the need to travel for boost to “walk to work”. Proposed amenities basic needs and recreational activities, which include a private forest, clubhouse, 5000 has a positive impact on the environment. sqft gym and indoors sports complex, religious places, Walking trails, Party Venues, Few examples of our iconic projects along large green and open spaces, theatres, with the amenities are highlighted below: meditation spaces and other facilities. PALAVA – is an integrated smart city LODHA PARK – Amenities and that is being developed near Mumbai. Vision facilities proposed include 7 acre park, is to develop as a “pedestrian first” smart city 50,000 sqft clubhouse, world class health designed to have all the basic amenities club, full sized cricket pitch, swimming pools, within walking distance. Amenities include organic café, a wide variety of gardens, commercial spaces, club houses, high street business centre, cycling and jogging track, retail, sports complex, mall, schools, open retail boulevard, open air amphitheatre and spaces, green spaces, religious places, etc. other facilities. WORLD TOWERS – Comprises of NEW CUFFE PARADE – most iconic towers such as World Crest, Spread across approximately 23 acres, is a World One and World View. Amenities mixed-use development of land comprising include sports zone, spa managed by residential apartments with eco-friendly globally renowned spa chain, fitness centre, apartment designs and commercial buildings rejuvenation centre, religious places, open located at Wadala, Mumbai. The facilities spaces and other facilities. Further the and amenities include 15 acres of manicured commercial centre i.e. One Lodha Place is green landscapes, school, green walls, sky located at a key commercial hub of Mumbai, gardens, clubhouse, spa, concierge service, thus minimizing work related commute. organic farm, outdoor activities, cricket field and other facilities. 6 Case Study Palava is developing India’s first liveable cities in the world. Sasaki and Buro smart and sustainable city Happold had done the original development, the ultimate master-planning for the initial 3,000 acres in commitment to sustainability.