ESG Report

Nucleus Office Parks Sustainability Report 2023

Nucleus Office Parks Sustainability Report 2022

Nucleus Office Parks (NOP) focuses on creating value for customers, partners, patrons, and investors. At NOP, ESG considerations serve as a mandate for organizational resilience and future-readiness. NOP is committed to environmental conservation and ensuring the well-being, health, and safety for all its stakeholders and constantly endeavours to integrate sustainable development into all its initiatives.

We at NOP have embraced the latest shift in the business paradigm which believes that businesses have a deep-rooted commitment towards society at large than the earlier thought of creating wealth for the investors. This realization has made us to look at the business from a new perspective of environment, social and governance principles espoused by UN under the sustainable development goals (SDGs). Our strategies have been developed through an in-depth analysis of industry trends and peer performance evaluation. We are particularly concerned with the ESG risks related to climate change, environmental management practices, working conditions, occupational health and safety, and regulatory compliance.

Committed to our ethos to offer built environments that match global standards, most of our assets are certified by green rating certification bodies such as the US Green Building Council (USGBC) and the Indian Green Building Council (IGBC). We consider these certifications as a starting point and look at measuring the building performance and benchmarking as the key differentiator.

ESG FRAMEWORK

In order to maximize the value for our stakeholders, we have developed an ESG framework comprising the following four key pillars based on Blackstone’s Real Estate ESG framework, materiality assessment and peer review:

Ecosystem
Human Capital
Communities
Governance

The various elements under each of these pillars are presented below:

GRESB is a mission-driven and industry-led organization that provides actionable and transparent environmental, social and governance (ESG) assessment for the real-estate sector.

Over the years GRESB has emerged as the most widely used ESG benchmarking platform for real assets and provides peer-based performance assessment data.

As an organization committed to delivering exemplary ESG performance as a means to creating value for all stakeholders, Nucleus Office Parks has been participating in annual GRESB assessment since 2021. Drawing inputs from these assessments and from our own ESG aspirations, we have put in place a strong action plan to enhance the ESG performance of our value chain.

The British Safety Council Sword of Honour to recognize "best-in-class" workspaces.

Over 60 components and elements reviewed as per recognized standards.

Our Health and safety measures were tested against stringent standards, as set forth by the British Safety Council.

COVID-19 protocols put in place by Nucleus Office Parks in September 2020 were also in accordance with BSC and govt. guidelines.

More than considerations

At Nucleus Office Parks, we believe that doing good is imperative to doing well.

To us, ESG considerations serve as a mandate for organisational resilience and future-readiness. We are committed to environmental conservation and ensuring well-being, health, and safety for all our stakeholders. It is our consistent endeavor to integrate sustainable development into all our initiatives.

Focus Areas

Helping combat climate change & its impact
Providing a clean and green campus for all clients
Ensuring a safe, healthy, and secure workplace for all
Integrating sustainability and renewable energy across properties
Driving Progress on the Sustainable Development Goals in our parks and new developments
Efficiency through optimum resource and technology utilization

Giving back to the community

Nucleus Office Parks strives to actively contribute to the communities we function in, which helps us create shared value & drive progress towards better sustainability and development.

Infrastructure Support and Development

Employee Volunteerism

Provision of Equal Opportunities

Nucleus Office Parks’ business aligns with the following SDGs:

Good Health and Wellbeing:

We are committed to ensuring the health and wellbeing of our employees, tenants, and the community at large.

Gender equality:

We are an equal opportunity employer and are working towards increasing the number of women employees in our workforce. We have also put in place an Inclusion, Equity & Diversity policy to facilitate the same.

Clean Water and Sanitation:

We are committed to using water efficiently and reduce consumption at our asset locations. Efforts have been taken to increase recycling and reuse of water while also maximizing rain water harvesting.

Affordable and Clean Energy:

We are committed to increasing the share of renewable energy in our energy mix. Several of our assets have already entered into long-term agreements for procurement of renewable energy from third-parties.

Decent Work and Economic Growth:

We are committed to upholding decent working conditions and the preservation of Human Rights not only within our organization, but also extend the same to our supply chain. We have put in place a Human Rights policy and Training programs and initiatives focused on holistic wellbeing of our employees have been rolled out across asset locations. We have also been undertaking initiatives like (Covid) Vaccination drives and distribution of aid and medical equipment to benefit local communities.

Supply Chain Sustainability policy; all suppliers of material and services are required to adhere to the same.

Reduced Inequalities:

We actively contribute to the wellbeing of our communities. We have put in place a CSR policy, identifying major areas for intervention and have accordingly undertaken multiple projects over the past few years.

Sustainable Cities and Communities:

Our entire portfolio of operational assets are LEED certified (LEED – Ebom) and operate at high levels of energy efficiency. We are also actively working towards segregation and recycling of waste generated.