CARE ESG Reaffirms Oberoi Realty's CareEdge-ESG 1+ Rating at Revised Score of 86.6 (June 27, 2026)
Oberoi Realty Maintains ESG Leadership with Reaffirmed 1+ Rating
CARE ESG reaffirmed Oberoi Realty's ESG rating at 86.6, CareEdge-ESG 1+, on June 27, 2026. The score represents an improvement from the 86.2 assigned when the rating was first established in January 2026.
What the Rating Reflects
The rating indicates a leadership position in managing ESG risks through best-in-class disclosures, policies, and performance. CARE ESG Ratings Limited is India's leading ESG Rating Provider, a wholly owned subsidiary of CARE Ratings Limited and a SEBI-registered Category I Issuer-Pays ERP.
The rating assessment examined Oberoi Realty's environmental, social, and governance practices across its real estate development and hospitality segments. The evaluation involved a review of 31 ESG topics within the real estate sector through surveys with internal and external stakeholders, including employees, suppliers, contractors, customers, media, and business partners.
Governance and Business Ethics
Oberoi Realty ranks in the top quartile among peers with a score of 87.3 in business ethics, anchored by a board-approved Code of Conduct and comprehensive whistleblower protection, anti-bribery, and anti-corruption policies. The company extends these principles across its supply chain through a comprehensive supplier Code of Conduct addressing sustainable practices, labour and human rights, occupational health and safety, ethical business practices, and fair employment standards.
Environmental Management
Oberoi Realty's environmental performance is strengthened by a board-approved sustainability policy emphasizing energy efficiency, with implemented measures including energy-efficient HVAC systems, motion and daylight sensors, in-room key-card access systems, and operational strategies such as limiting lift usage during low-demand hours.
The company has established a comprehensive approach to water stewardship that emphasizes efficiency and circular water management, prioritizing water resilience through systematic freshwater reduction, extensive wastewater treatment, substantial water recycling, and adoption of rainwater harvesting.
Sustainable construction practices are a key focus, with the majority of the project portfolio pre-certified or certified under recognized green building frameworks.
Developer Background
Incorporated in May 1998, Oberoi Realty is engaged in real estate development, mainly in the Mumbai Metropolitan Region, operating in residential, commercial, hospitality and social infrastructure segments through subsidiaries and associates. As of March 31, 2025, the company has developed approximately 160 lakh square feet and has approximately 62 lakh square feet under implementation.
Oberoi Realty ranked number 1 globally among listed residential developers in the high-rise multi-family category and has been recognised as a GRESB Global Sector Leader 2025 for residential category. The company holds an A rating in MSCI ESG Ratings, indicating strong performance in managing ESG risks and opportunities.