At Sunteck Realty Limited, we acknowledge the significant influence that the real estate industry has on both society and environment. Addressing these impacts has always been a fundamental aspect of our endeavors, not only to enhance our own business's value and efficiency but also to serve the interests of our stakeholders. Our ESG policy has been established with the objective of promoting ethical, responsible, and transparent conduct that adheres to all applicable laws and regulations across the three dimensions of sustainability.
Through the implementation of our ESG policy, we strive to adopt globally recognized best practices for ESG, manage our environmental and social impact, and create mechanisms for monitoring and continuously improving our performance. Our policy takes inspiration from various standards, benchmarks, and frameworks in our pursuit of ESG excellence, such as the International Finance Corporation's (IFC) Corporate Governance Development Framework (2017), relevant sector-specific guidelines, and the G20/OECD Principles of Corporate Governance, among others.
We are building a pathway towards sustainability standards that leads to creating value & empowering growth while strengthening communities & the environment. At Sunteck Realty, we have always believed in holding ourselves to the highest standards of ethical conduct. In our sustainability journey, we are on the road of reinforcing our policy framework to implement a robust ESG system in our organization. Our endeavour is to develop an ecosystem within our organization, where the environment is benefited and our community feels safe & secure.
We recognize the environmental impact of construction activities, and we have formulated a strategy that addresses material elements for environmental sustainability.
We believe a sustainable future is one where everyone is healthy and fulfilled. As a member of the wider community, we put the priorities of our valued stakeholders at the heart of our decision-making process.
In order to strengthen our sustainability performance and oversight, we seek to focus on having the right expertise at our board level and create a robust governance structure that delivers the right “tone from the top” towards highest standards of ethics and accountability.
Sunteck Saathi is emblematic of a culture of inclusive growth for those who matter the most. The ‘Twin Ring’ approach represented by the logo signifies the employment of an approach wherein the company and its stakeholder 'Grow Together' in harmony. Herein the first ring i.e. the ‘orange ring’ signifies Sunteck as a company while the second ring i.e. the ‘black ring’ represents the stakeholders.
Sunteck adheres to the requirements outlined by Excellence in Design for Greater Efficiencies (EDGE), which is an innovation of International Finance Corporation (IFC), and a member of the World Bank Group. EDGE is an online platform, a green building standard and a certification system. The certification is awarded once the goal of reducing the environmental impact of buildings has been met. The three main requirements of EDGE certification are : Energy Efficiency, Water efficiency, and Material efficiency.
As an ESG focused developer, our endeavour is to provide eco-friendly commercial and residential spaces to our customers. Seven of our EDGE pre-certified projects are:
Associated with GRESB - Global Real Estate Sustainability Benchmark which provides internationally recognized assessments and benchmarks to track companies ESG performance. We aim to be amongst the top quartile on ESG performance in GRESB assessment as means to creating value for all our stakeholders.
Our Corporate office Sunteck Centre has received LEED operation and maintenance Existing building Gold certification under version 4.1 which is the latest standard for green building design, construction, operations and performance. LEED is an international symbol of sustainability excellence and green building leadership that signifies a building that reduces carbon emissions, conserves resources, reduces operating costs, prioritises sustainable practices and creates a healthier environment.
Sunteck understands the importance of good governance towards setting ESG targets and implementing them in a planned manner by deployment of necessary resources as well as manpower. Sunteck also understands that ESG integration with the organization is possible only with contribution and collaboration of each and every function. Thus, in order to channelize the energies and utilize the synergies of each employee of Sunteck, we have constituted an ESG committee, which is headed by the chairman and managing director and consists of a team of chief technical officer, chief financial officer, head of design, and director - compliance, in addition to representatives from all key departments.
The committee is primarily responsible for implementing Sunteck's ESG strategy and roadmap, to ensure effective implementation of various ESG programmes, but also to bring behavioural change within the organization at the grass root level by continual engagement and training to our employees and supply chain partners.
Most Environment - Friendly Residential Space Award: Year 2022
Best ESG Initiative to improve biodiversity impact reduction
Best ESG Initiative of the Year 2022
Governance professional of the year Kamal Khetan: Chairman & MD
The below mentioned ESG grievance redressal form provides a transparent and accountable way for stakeholders to voice their concerns and for us to address them effectively. By engaging in the process, stakeholders can help us improve our ESG performance and ensure their actions are aligned with sustainability goals.
Stakeholders can reach out to us using the ESG grievance redressal form below which is an effective way to report any concerns or complaints related to environmental, social, and governance (ESG) issues.