Advancing Sustainable Spaces
From its introduction in 2007 to being an industry leader, IndoSpace has always been attentive and socially responsible in conducting its business. Environmental sustainability, social inclusion, and good governance form the basis of our business values. Our way of developing systems and outlining processes revolve around these values to reduce our impact on earth. We undertake effective resource management and build sustainable facilities to include Environmental, Social, and Governance (ESG) capabilities into our operating system. We map our carbon footprint to minimise the social impact of business. The land is an integral part of our industry. By including ESG policies and initiatives into our functions, we aim to pay back to our environment.
IndoSpace’s Concept towards Sustainability
Sustainability serves many of our customers too. In today’s, environmental-centric world, many businesses have made sustainability a core goal. By choosing us as their industrial and logistics real estate partner, they come closer to achieving their sustainability and environmental goals. We are constantly investing and upgrading our facilities so they have a lower carbon footprint. Additionally, we are building opportunities for operational management, with advantages over cargo handling, traffic operations, storage utilisation, energy usage, and employee performance for our customers with strong sustainability-focus.
Businesses today are largely affected by new legislation, rules and trends pushing for more environmentally-friendly industries. As part of our warehouse logistics solutions, our real estate setup can adapt to new changes rapidly so clients always adhere to the norms. Through our association with GLP, we gain in-depth insights into emerging environmental trends that mitigate risks. IndoSpace readjusted with several clients in the e-commerce space witnessing its growth during the global pandemic depicting our successful adaptation and flexibility. Our operations and processes persisted unhampered, and the essential services could maintain their operations from our parks easily without restraint.
Technology Driven Operations
IndoSpace was one of the few businesses that indulged early in green warehousing. Since then, we have been continuously integrating sustainable practices in our business operations. We utilize strategic locations, prepare more conforming building design and construction methods and make productive use of resources.
IndoSpace was one of the few businesses that indulged early in green warehousing. Since then, we have been continuously integrating sustainable practices in our business operations. We utilize strategic locations, prepare more conforming building design and construction methods and make productive use of resources. The whole plan is to continue reducing our carbon footprint by implementing rooftop solar systems, natural ventilation designs, green material selection, water savings, and much more.
IndoSpace is committed and known for building best practices and undertaking a resource-conserving expansion journey. We have contributed to the UN Sustainable Development Goal (SDG) 7 and UN SDG 13 for climate action – ensuring access to affordable, secure, sustainable, and modern energy for all.
IndoSpace is a Founding Member of the Indian Green Building Council (IGBC). IndoSpace Logistics Parks are the first projects in India to be recognised and certified with the prestigious IGBC Platinum Rating (Logistics Parks Category) for demonstrating global leadership in green building parameters.
We have also been the first company to be awarded the esteemed ‘Excellence in Design for Greater Efficiencies’ (EDGE) certification for our parks. The energy savings must be within 48-57%, water savings within 41-61%, and lesser embodied energy within 61-63% to qualify for EDGE certification. We have also received a green building certification by the International Finance Corporation (IFC) for our emerging markets. The share of IndoSpace’s recognition also includes being the first company to receive Advanced Level Certification for the Warehousing Real Estate Category in India.
Environment Compliance Report
Our corporate governance management team is headed by our Board of Directors, Chief Executive Officer, and Vice-Chairman, who ensure the policies framed are never compromised. The team is also supported by the Environmental and Social Management Systems (ESMS) Committee, Investment Committee, Sexual Harassment Committee, and Internal Audit Committee.
Internal Audits & Risk Management
Internal audits are conducted at periodic intervals to secure adherence to applicable company and governmental regulatory and statutory requirements. It also helps us identify if there are any deviations.
Our Vice-Chairman, Group CFO, Managing Director Asset Management, and Managing Director Strategy & Planning form the core leadership team of IndoSpace’s Internal Audit Committee. The purview of responsibilities for this department also includes risk management, compliance, regulatory oversight, and other governance activities.
Code of Conduct
IndoSpace has a set of standards and boundaries that we are all bound to operate. It is called our code of conduct. It governs and monitors our ethical behaviour across all operations and interactions with various stakeholders. Our code of conduct covers care and dignity, ethics, insider trading, third-party intermediaries, anti-bribery, corruption, environmental, and social aspects.
The Compliance Officer leads the compliance management system that constantly administers the adherence to the code of conduct.
Our policies include:
If you have any questions about IndoSpace's Code of Conduct Policy, or if you have any concerns, please contact us at:
XXXXXXXX@indospace.in | +91 XX XXXX XXXX
Suppliers & Contractors
The scope of our ESG policies is not limited only to our organization. It extends and includes hundreds of vendors and suppliers and every other person we closely work with.
The evaluation system at IndoSpace begins with the Contractor Selection and Evaluation Checklist. The checklist covers aspects related to safety, gender equality, availability of policy guidelines for child labour, POSH (Prevention of Sexual Harassment), WASH (Water, Sanitation and Hygiene), and the availability of any grievance redressal system.
Additionally, during the selection process, we conduct an Environmental & Social (E&S) performance evaluation and prioritise compliance with regulations. IndoSpace also runs programmes to imbibe safety messages amongst our vendors and suppliers at all sites. We conduct a half-yearly contractor review to ensure no rules are compromised.