Embassy Office Parks REIT has released its Environment, Social and Governance (ESG) Report and Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report details the company's sustainability performance across its 52.5 million square feet portfolio spanning 14 properties in Bengaluru, Mumbai, Pune, Noida, and Chennai, with an occupancy rate of 90%. The report is aligned with the Global Reporting Initiative (GRI) Standards (2021) and the Task Force on Climate-related Financial Disclosures (TCFD), and has been independently assured by the British Standards Institution (BSI).

Financial and Operational Performance

Embassy REIT reported strong financial results for FY26, with revenue from operations rising 13% year-on-year. Net operating income and EBITDA also recorded notable growth. The following table summarises the key financial metrics:

The portfolio comprises 43.5 msf of completed area, 6.2 msf under construction, and 2.8 msf of future development. The company serves 280 blue-chip occupiers, with 47% of gross rentals from Fortune 500 companies. Technology (29%) and financial services (26%) sectors account for the largest share of occupiers by gross rentals.

Environmental Stewardship

Renewable energy accounted for 69% of total energy consumption in FY26, up from 55% in the previous year, driven by increased wheeled renewable power and rooftop solar generation. This progress contributed to a 55% reduction in Scope 1 and Scope 2 emissions compared to the FY20 baseline. The company targets 80% renewable energy usage across operations by 2030. Key environmental metrics are summarised below:

Rooftop solar installations generated 17.33 million kWh of clean energy in FY26, delivering monetary savings of approximately ₹140 million. Total investment in solar installations stood at approximately ₹650 million, with an estimated payback period of 2–4 years. Solar power capacity increased to 19.76 MW from 17.26 MW in the preceding year. The company has installed 1,920 EV charging stations across its properties, comprising 1,836 industrial sockets, 47 slow charging stations, and 37 fast charging stations.

Water stewardship initiatives include a zero liquid discharge mechanism across all projects, supported by sewage treatment plants with a combined capacity of 21,775 KLD, 207 recharge pits with a combined capacity of 1,341 KLD, and rainwater collection tanks. Total waste generated across the portfolio was 9,004 tons in FY26, of which 189 tons was hazardous and 8,815 tons was non-hazardous. Of total waste disposed, 7,276 tons were diverted through recycling and reuse, while 86 tons were directed to disposal via incineration, landfilling, or other methods.

Green Buildings and Certifications

Embassy REIT's entire operational portfolio of 13 assets, totalling 30,546,427 sq ft, holds USGBC LEED Platinum certification under LEED O&M V4.1. In addition, 35 buildings are certified LEED Net Zero Water, and two buildings — Carnation Wells Fargo at Embassy TechVillage and Sapphire Wells Fargo at Embassy Splendid TechZone — have received LEED Net Zero Energy certification. For new developments, 4.6 msf has received LEED Gold pre-certification and 1.9 msf has received LEED Certification. In FY26, 43% of the portfolio area achieved energy ratings across Bengaluru, Mumbai, Pune, and Noida parks, against a target of 75% by 2030. Green leases accounted for 93% of new leases signed in FY26.

The company received a GRESB score of 4.1 in 2025 (95th percentile), a 5-star rating from the British Safety Council for 100% of its operational portfolio, and an S&P Global ESG score of 68/100 in 2025. Embassy REIT is also included in the FTSE4Good Index and the Dow Jones Sustainability Emerging Markets Index.

Social Impact and Workforce

The company spent ₹133 million on CSR projects in FY26, positively impacting over 15,708 students and providing 15,253 free and subsidized treatments through community health initiatives. CSR programmes covered education, preventive healthcare, sustainable infrastructure, and environment, implemented through NGO partners including Colours of Life, Lila Poonawalla Foundation, and The Akanksha Foundation.

The workforce comprised 119 permanent employees and 6,358 third-party contract workers. Women represented 25% of all management roles across junior, middle, and senior levels. In FY26, employees availed of 1,558 hours of training across 698 topics. The company conducted 3,974 in-house EHS and well-being training sessions covering 128,411 training hours for third-party contract workers. Zero fatalities and zero lost-time injuries were reported across the standing investments portfolio for employees and third-party workers.

The Gallup Employee Engagement Survey recorded a 96% participation rate and an overall engagement score of 4.14/5 in FY26. The Customer Satisfaction Survey received responses from 271 occupiers, representing a 92% participation rate.

Governance and Sustainable Finance

Embassy REIT's governance structure includes a Board-level ESG Committee chaired by the CEO, supported by an ESG Working Group. The Board comprises 8 directors, including 6 independent directors, with 12.5% women representation. The company voluntarily published its fifth BRSR disclosure in FY26, aligned with SEBI guidelines and BRSR Core requirements.

The sustainable finance portfolio stands at ₹26 billion, accounting for approximately 12% of gross debt. During FY26, Embassy REIT mobilised ₹680 crore through green and sustainability-aligned funding instruments. The company targets net zero carbon operations by 2040, with a comprehensive 5-year ESG roadmap extending to FY2030 covering renewable energy, emissions reduction, water management, green buildings, and supply chain sustainability.

Key significant developments during FY26 include the appointment of Mr. Amit Shetty as Chief Executive Officer with effect from August 1, 2025, the completion of the acquisition of Eleanor Realty Holdings India Private Limited (owner of the 'Pinehurst' building at Embassy Golf Links Business Park) for an enterprise value of ₹8,520 million, and the slump sale of approximately 376,000 sq ft of office space at Embassy Manyata for cash consideration of ₹5,300 million.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE041025011/56ff9f99e0964fde.pdf

Embassy Office Parks REIT has decided not to exercise the call option for its Series IV Non-Convertible Debentures (NCDs) aggregating ₹300 Cr. The Third Call Option Date under the Debenture Trust Deed is August 07, 2026. Consequently, the REIT will not redeem any of the debentures on this date. The ISIN for the debentures is INE041007068.

The Debenture Trust Deed was originally dated September 03, 2021, and was amended on December 01, 2025. Catalyst Trusteeship Limited acts as the debenture trustee for the issuance. The decision to forgo the call option was communicated via a notice dated June 26, 2026, addressed to the debenture holders and the trustee.

Key Details of the NCD Issuance

The notice confirms that the REIT had the right to redeem all debentures in full on the Third Call Option Date. To exercise this option, a notice was required to be delivered at least three business days prior, specifically on or before August 03, 2026. The REIT has confirmed that it will not issue the Call Option Notice or exercise the option available on the Third Call Option Date.

The intimation was submitted to the National Stock Exchange of India Limited and BSE Limited on June 26, 2026, in compliance with Regulation 15 of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The filing was made by Vinitha Menon, Head – Company Secretary and Compliance Officer.