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Mindspace Business Parks REIT

Country
India
Sector
Real Estate
Industry
REIT - Office
Employees
N/A
Ticker
MINDSPACE
Exchange
NATIONAL STOCK EXCHANGE OF INDIA
Description
Mindspace Business Parks REIT is a publicly listed Real Estate Investment Trust dedicated to investing in income-generating office spaces. Primarily focusing on commercial properties, Mindspace Busine...

Mindspace Business Parks REIT's GHG Emissions Data Preview

In 2025, Mindspace Business Parks REIT completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Mindspace Business Parks REIT has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)202520242023
2022 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Mindspace Business Parks REIT’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2020, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Mindspace Business Parks REIT’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Mindspace Business Parks REIT’s data sources below and access millions more through our Disclosure Search.

a. Mindspace Business Parks REIT's ESG Report 2025
a. Mindspace Business Parks REIT's ESG Report 2025

Insights into Mindspace Business Parks REIT's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Mindspace Business Parks REIT amounted to 55,295 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2024, the total operational greenhouse gas (GHG) emissions of Mindspace Business Parks REIT decreased by 4.31%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Mindspace Business Parks REIT's Scope 1 Emissions Over Time

20202021202220232024202509001.8 k2.7 k3.6 ktCO2e-52%+12%+194%-30%+36%
  • Total Scope 1
  • Year-over-Year Change

What are Mindspace Business Parks REIT's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Mindspace Business Parks REIT were 3,378 metric tons of CO₂ equivalent (tCO₂e).a

Has Mindspace Business Parks REIT reduced its Scope 1 emissions over time?

Since 2020, Mindspace Business Parks REIT's Scope 1 emissions have increased by 49.01%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2024), Mindspace Business Parks REIT's Scope 1 emissions increased by 35.66%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Mindspace Business Parks REIT's Scope 2 emissions?

In 2025, Mindspace Business Parks REIT reported Scope 2 greenhouse gas (GHG) emissions of 51,917 tCO₂e without specifying the calculation method.a

Has Mindspace Business Parks REIT reduced its Scope 2 emissions over time?

Since 2020, Mindspace Business Parks REIT's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 34.53%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2024), Mindspace Business Parks REIT's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Mindspace Business Parks REIT's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Mindspace Business Parks REIT use for Scope 2 reporting?

In 2025, Mindspace Business Parks REIT reported its Scope 2 emissions using an unspecified methodology.a

Mindspace Business Parks REIT's Scope 2 Emissions Over Time

202020212022202320242025020 k40 k60 k80 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Mindspace Business Parks REIT's Value Chain Emissions

In 2025, Mindspace Business Parks REIT reported 352,643 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2025 disclosure of Mindspace Business Parks REIT includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Mindspace Business Parks REIT's Scope 3 Emissions Over Time

2022202320242025090 k180 k270 k360 ktCO2e+40%+47%+4%
  • Total Scope 3
  • Year-over-Year Change

What are Mindspace Business Parks REIT's Scope 3 emissions?

In 2025, Mindspace Business Parks REIT reported total Scope 3 emissions of 352,643 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 66.32% of these emissions originated from upstream activities such as purchased goods and capital goods, while 33.68% came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2024), Mindspace Business Parks REIT's Scope 3 emissions remained relatively stable, indicating that Mindspace Business Parks REIT's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Mindspace Business Parks REIT disclose?

In 2025, Mindspace Business Parks REIT reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Mindspace Business Parks REIT's Scope 3 emissions?

In 2025, the largest contributors to Mindspace Business Parks REIT's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 208,414 tCO₂e (59.1%)
  • Downstream Leased Assets (Cat. 13): 118,783 tCO₂e (33.68%)
  • Fuel- and Energy-Related Services (Cat. 3): 23,718 tCO₂e (6.73%)

Mindspace Business Parks REIT's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(59.1%)Downstream LeasedAssets (Cat. 13)(33.7%)Fuel- andEnergy-RelatedServices (Cat. 3)(6.7%)

Insights into Mindspace Business Parks REIT’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Mindspace Business Parks REIT reported Scope 1 greenhouse gas (GHG) emissions of 3,378 tCO₂e and total revenues of USD 299 millions. This translates into an emissions intensity of 11.29 tCO₂e per millions USD.a

Mindspace Business Parks REIT's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,000Scope 1 Emissions (tCO2e)201005002,00010,000Revenues (Millions of USD)MNMWorkspace GroupYear: 2025Scope 1: 1,912 tCO2eRevenue: $M 240Scope 1 Intensity: 7.98 tCO2e/$MAlexandria Real Estate EquitiesYear: 2024Scope 1: 108,507 tCO2eRevenue: $M 3,050Scope 1 Intensity: 35.58 tCO2e/$MNSIYear: 2024Scope 1: 1,231 tCO2eRevenue: $M 76Scope 1 Intensity: 16.27 tCO2e/$MBXPYear: 2024Scope 1: 12,637 tCO2eRevenue: $M 3,408Scope 1 Intensity: 3.71 tCO2e/$MMMMPACTYear: 2025Scope 1: 687 tCO2eRevenue: $M 629Scope 1 Intensity: 1.09 tCO2e/$MHudson Pacific PropertiesYear: 2023Scope 1: 13,272 tCO2eRevenue: $M 952Scope 1 Intensity: 13.94 tCO2e/$MNNNippon Building FundYear: 2024Scope 1: 3,897 tCO2eRevenue: $M 644Scope 1 Intensity: 6.05 tCO2e/$MColonial SFL SOCIMIYear: 2024Scope 1: 1,882 tCO2eRevenue: $M 523Scope 1 Intensity: 3.60 tCO2e/$MSociete Fonciere LyonnaiseYear: 2024Scope 1: 205 tCO2eRevenue: $M 259Scope 1 Intensity: 0.79 tCO2e/$MPiedmont Realty TrustYear: 2024Scope 1: 829 tCO2eRevenue: $M 570Scope 1 Intensity: 1.45 tCO2e/$MCousins PropertiesYear: 2023Scope 1: 366 tCO2eRevenue: $M 803Scope 1 Intensity: 0.46 tCO2e/$MJBG SMITH PropertiesYear: 2024Scope 1: 5,040 tCO2eRevenue: $M 547Scope 1 Intensity: 9.21 tCO2e/$MKilroy RealtyYear: 2023Scope 1: 4,765 tCO2eRevenue: $M 1,130Scope 1 Intensity: 4.22 tCO2e/$MProdea Real Estate InvestmentYear: 2023Scope 1: 1 tCO2eRevenue: $M 187Scope 1 Intensity: 0.01 tCO2e/$MGORYear: 2024Scope 1: 360 tCO2eRevenue: $M 96Scope 1 Intensity: 3.77 tCO2e/$MEmbassy Office Parks REITYear: 2025Scope 1: 14,922 tCO2eRevenue: $M 468Scope 1 Intensity: 31.86 tCO2e/$MGodrej PropertiesYear: 2024Scope 1: 542 tCO2eRevenue: $M 350Scope 1 Intensity: 1.55 tCO2e/$MOrix JREITYear: 2023Scope 1: 1,576 tCO2eRevenue: $M 352Scope 1 Intensity: 4.48 tCO2e/$MSL Green RealtyYear: 2023Scope 1: 3,991 tCO2eRevenue: $M 914Scope 1 Intensity: 4.37 tCO2e/$MGecinaYear: 2024Scope 1: 567 tCO2eRevenue: $M 889Scope 1 Intensity: 0.64 tCO2e/$MKeppel REITYear: 2024Scope 1: 2,033 tCO2eRevenue: $M 192Scope 1 Intensity: 10.59 tCO2e/$MMERLIN Properties SOCIMIYear: 2023Scope 1: 2,422 tCO2eRevenue: $M 514Scope 1 Intensity: 4.71 tCO2e/$MGreat Portland EstatesYear: 2025Scope 1: 1,534 tCO2eRevenue: $M 122Scope 1 Intensity: 12.59 tCO2e/$MVornado Realty TrustYear: 2024Scope 1: 22,586 tCO2eRevenue: $M 1,788Scope 1 Intensity: 12.63 tCO2e/$MMMMindspace Business Parks REITYear: 2025Scope 1: 3,378 tCO2eRevenue: $M 299Scope 1 Intensity: 11.29 tCO2e/$M

How does Mindspace Business Parks REIT's GHG emissions intensity compare to its peers?

In 2025, Mindspace Business Parks REIT reported a Scope 1 emissions intensity of 11.29 tCO₂e per millions USD. Compared to the peer group median of 4.43, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Mindspace Business Parks REIT rank on GHG emissions intensity within its industry?

In 2025, Mindspace Business Parks REIT ranked 19 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Mindspace Business Parks REIT is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Mindspace Business Parks REIT's Total Carbon Footprint

In 2025, Mindspace Business Parks REIT reported a total carbon footprint of 407,938 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.91% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Mindspace Business Parks REIT's total carbon footprint was Scope 3 emissions, accounting for 86.45% of the company's total carbon footprint, followed by Scope 2 emissions at 12.73%.a

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