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Currently, 61% of Grade A office space in India, totalling 432 million sq ft, is certified as Green, showcasing a pronounced inclination toward sustainable features. This trend signals a paradigm shift in favour of green real estate portfolios among developers, occupiers, and investors. ....
Sanjeev Sanyal, a Member of the Economic Advisory Council to the Prime Minister, spoke at the Africa Partnership Conference in Mauritius about the need for clear Environmental, Social & Governance (ESG) norms. He emphasized the importance of globally recognized ESG norms and effective monitoring of their implementation. Sanyal also discussed India s economic growth, infrastructure development, and its aim to become the world s 3rd largest economy. ....
“The issue is not so much about the need for some norms, but about who will be monitoring these targets,” Sanjeev Sanyal, a member of PM Modi’s economic advisory council said. ....
Indian banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack of clarity on how they apply to lenders ....