Embassy REIT launches 'Pedal For The Planet' cyclothon in Bengaluru

19 Sep 2022 , 03:15 PM

Embassy Office Parks REIT on Monday launched ‘Pedal for the Planet’, a one of its kind cycling event at Embassy Manyata, Bengaluru.

Aimed at promoting cleaner, greener ways of commuting and living, this flagship cycling event witnessed over 1000 avid cyclists from across Bengaluru pedal their way for the cause of the environment, including many Embassy REIT office park users. Located in the heart of North Bengaluru and spread over 120 acres, Embassy Manyata is one of India’s largest office parks with over 14 msf total area.

Vikaash Khdloya, CEO, Embassy REIT, said, “ESG is a key priority for us at Embassy REIT, and as we progress in our sustainability journey, our focus is to create and maintain green, wellness-oriented workspaces for our world-class occupiers and to reduce our carbon footprint as part of our net-zero commitment. Through Pedal for the Planet, we are promoting people to contribute to a greener and more sustainable ecosystem.”

Embassy Pedal for the Planet featured six competition categories, including a 40-km pro-elite ride open to men and women above the age of 16 to encourage participation from professional athletes. There was also a 25-km amateur ride open to men and women over the age of 14, a 15-km fun ride open to all over the age of 13 and a 1-km fun ride open to children under the age of 12.

Embassy REIT has donated all funds raised at the event to non-profit causes for the upliftment of underprivileged children and transformation of community schools into institutes of excellence.

At around 3:15 PM, Embassy Office Parks REIT is currently trading at Rs349.67 per share down by Rs1.61 or 0.46% from its previous closing of Rs351.28 per share on the BSE.

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