Leadership messages

Dear Readers,

It is my privilege to present Brookfield Properties’ Sustainability Report for FY 2025. This year, our report reflects our strategic focus on deepening the integration of sustainability into every facet of our business. As we continue to grow, we remain committed to creating long-term value for all stakeholders through responsible, resilient, and inclusive practices.

Driving sustainability across the portfolio

Given the scale of our platform, we are committed to addressing the most material sustainability issues to ensure business resilience and deliver positive outcomes. FY 2025 marked a step-change in our sustainability efforts, as we embedded sustainability deeper into operations to deliver tangible results. A landmark achievement this year was the transition of our Noida and Gurugram portfolio—spanning 15.4M SF—to 40% renewable energy through Brookfield’s Bikaner Solar Power Project. This pioneering initiative is India’s first bilateral partnership under the Inter-State Transmission System (ISTS) framework. It sets a precedent for commercial decarbonization, enabling occupiers to access sustainable, cost-effective energy without additional contracts or capital expenditure. A significant step forward in our sustainability journey includes entering into a landmark engagement with the International Finance Corporation—first of its kind by IFC in India. Through this collaboration, we will be engaging with global sector experts and proprietary tools on building decarbonization and climate resilience.

Advancing sustainability excellence

We continued to maintain our progress towards sustainability leadership by maintaining a 5-star GRESB rating for the fourth consecutive year, in addition to being recognized as the global sector leader for both Standing Investments- Listed Office and Development (Mixed-Use) for our Baytown project in Kolkata. This year, Brookfield Properties became the first real estate organization in India to achieve the WELL Equity Rating, a significant milestone in our journey toward inclusive and people-centric spaces. With a 15.7M SF portfolio across 19 assets in 5 cities, this recognition represents the largest portfolio in India to receive the WELL Equity Rating, positively impacting around 76,000 lives. We also received the prestigious Golden Peacock Award for ESG from the Institute of Directors (IOD)—our fourth consecutive recognition, following earlier awards for Energy Efficiency, Sustainability, and Health & Safety.

Empowering communities and people

Sustainability at Brookfield Properties is about people. This year, we renewed our commitment to building vibrant, inclusive communities. We continue to embed diversity, equity, and inclusion (DE&I) into our culture and operations. Our initiatives this year focused on creating safe, respectful, and empowering workplaces. We conducted multiple engagement sessions on gender-based violence sensitization in Mumbai, and NCR, and launched preventive female healthcare programs for employees and tenants. Our community engagement efforts remained strong, with programs in education, environment stewardship, and community welfare reaching thousands.

Digital transformation for people centric operations

In FY 2025, we advanced our commitment to employee- centric innovation by digitizing our human resource management processes. This strategic move was driven by the need to enhance operational efficiency and deliver a more seamless and engaging experience for employees across the organization. The introduction of this digital tool has enabled a comprehensive overhaul of key HR functions such as onboarding, offboarding and personal data management processes.

Looking ahead

As we look to the future, we are focused on sustaining the momentum we have built and scaling our impact. The challenges ahead are complex, but so are the opportunities to lead with purpose. By embedding sustainability into our business DNA, we aim to create enduring value for our stakeholders and contribute meaningfully to a more equitable and sustainable world. I would like to also share the launch of our BluePrint 2030 framework, which amongst our sustainability targets, will also enable us to accelerate towards becoming an AI-integrated, Digital-first organization. I extend my heartfelt thanks to our employees, partners and stakeholders for their continued support and dedication. Together, we are shaping a future that is not only resilient and inclusive—but also full of promise.

Sincerely,

Managing Director & CEO
Brookfield Properties
India

Dear Readers,

This report highlights the strides we have made in advancing environmental responsibility, empowering people, and delivering measurable impact through ambitious goals, transparent reporting, and stakeholder collaboration. Across all our managed assets in India, we activated strategies that support our sustainability commitments through innovation, efficiency, and partnership. From decarbonization roadmaps to community initiatives, every action anchored in our core belief: sustainability must be embedded in day-to-day operations to create long- term value.

Accelerating decarbonization

We continued to progress toward our target of achieving netzero operational emissions by 2040, with a clear interim goal to power 100% of our office portfolio with renewable energy by 2027. This year, we achieved 38% of our energy needs from renewable sources, successfully reducing Scope 1 and 2 emissions intensity by 40% from our FY 2020 baseline. We also completed asset-level decarbonization plans for all operational assets with key focus areas being electricity consumption and grid stability through interventions such as energy-efficient retrofits, enhanced metering systems, and resource efficiency. We also expanded our Scope 3 emissions reporting to include purchased goods, capital goods, and employee commute, as per the GHG Protocol. We conducted embodied carbon baseline assessments across our portfolio, which was the first-of-its-kind initiative in India’s commercial real estate sector, reinforcing our commitment to lower impact. Building on momentum from last year’s launch of our supply chain engagement program, we expanded collaboration with tier-one vendors to address Scope 3 emissions, promote sustainable procurement, and enhance transparency.

Driving resource circularity

Our resource management practices continue to evolve, with 100% of our portfolio now surpassing 90% waste diversion, putting us well on track to achieve our 97% landfill diversion target by 2030. For water management, tenant-level metering and optimized Sewage Treatment Plan (STP) operations helped increased our treated water production to 14,90,751 Kl. These efforts are enhanced by consistent occupier engagement, modernization of on-site treatment infrastructure, and cross-functional training—ensuring that sustainability is not just a goal, but a mindset shared by every stakeholder on site. I would like to share that in addition to our South India portfolio, Equinox Business Park has been awarded the IGBC Net Zero Waste to Landfill - Platinum rating for its stellar performance on resource circularity.

Fostering inclusive growth

As we reflect on our notable FY 2025 progress, our continued future focus will be on developing operational systems that are resilient, intelligent, and aligned with our sustainability ambitions. We are also glad to unveil our BluePrint 2030 framework that sets ambitious targets to drive impactful climate action as well as double down on our social impact and resilient governance. We will further strengthen our capabilities through our supply chain engagement program, wider deployment of digital platforms, and site-level climate risk mitigation plans. Together, we will advance our commitment to operational excellence and sustainable growth, turning intent into impact.

Looking ahead

Our operations continue to champion safety, inclusivity, and employee well-being. Our 13 assets across Delhi NCR, Bengaluru and Mumbai once again excelled in the British Safety Council’s 5-Star Audit and retained the Sword of Honor, highlighting our commitment towards health and safety. This year, frequent safety audits, emergency preparedness drills, and wellness-driven design enhancements are also rolled out across our portfolio, reinforcing our commitment to fostering a workplace where every individual can thrive. Our placemaking initiatives, whether promoting a social cause, celebrating events and festivals like Holi and Diwali, Women’s Day celebrations, World Food Carnival, Comedy series, World Nature Day, or organizing sports meets, are well received by our occupiers. Beyond our campuses, our community engagement efforts evolved from outreach to empowerment. Our impact initiatives, which included education and skilling, healthcare, and combating pollution, reached over 6,700 beneficiaries. These initiatives reflect our enduring belief that strong communities are the foundation of sustainable growth.

Best Regards,

Executive Vice President, Operations
Brookfield Properties
India