See total ranking

Prestige Estates

Prestige Group, established in 1986 and headquartered in Bengaluru, is a large property developer in India. The company is known for creating landmarks in 13 cities, including four megacities within India. Its real estate activities encompass commercial, hospitality, residential and retail projects. In 2022, Prestige Group sold 1.4 million square meters and delivered 15.4 million square meters of space, and had a further 16.2 million square meters under construction and planning.

Summary

Prestige Estates discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company is transparent about the types of stakeholders it engages with, and the frequency and channels of engagement. However, it can enhance its sustainable governance by disclosing its sustainability strategy addressing its most material topics and demonstrating its efforts towards reducing negative impacts and creating positive outcomes.

From a social sustainability perspective, the company should disclose its process for identifying and mitigating key human rights risks. It should also report on the affordability of its properties, a key factor in promoting social inclusiveness and ensuring access to housing for diverse income levels. Additionally, there are significant gaps in the company’s climate reporting, such as reporting on its scope 3 emissions and on time-bound targets to reduce greenhouse gas emissions across its operations and subsidiaries. Next to addressing these gaps, Prestige Estates should seek to minimise its negative impacts on nature by committing to zero ecosystem conversion of protected areas. Lastly, the company should conduct comprehensive risk assessments for natural disasters relevant to its operations to strengthen its risk management strategies and reduce potential vulnerabilities.

Ranking position: #147 /300
Total score: 9.9 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 3.3 /100	#178
Inclusive Cities	#1 20.8 /100	#114
Healthy Cities	#1 3.3 /100	#151
Climate Proof & Resilient Cities	#1 0.0 /100	#170
Core Social Indicators	#1 22.2 /100	#88

Industries
Real estate	#57

See full scorecard of Prestige Estates

Download scorecard

More about the company

Headquarters: India
Ownership structure: Public
Revenue: USD 1,116 billion (2022)
Number of employees: 8393 (2022)
Website: https://www.prestigeconstructions.com

This company is part of the SDG2000, the 2000 most influential companies

See company profile SDG2000