Singapore – Frasers Property Limited (“Frasers Property”, and together with its subsidiaries, the “Group”), announced that the Group has been recognised as a global and regional sector leader in five categories in the Global Real Estate Sustainability Benchmark (GRESB) 2021. The GRESB Sector Leader Awards recognises real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability each year. All Frasers Property entities took part in the standing investments categories, with relevant entities also participating in the development projects categories. Frasers Property Group achieved top positions in the following categories:
· Frasers Property Industrial was named the Overall Global Sector Leader and Global Sector Leader in the Diversified - Office/Industrial category for its development projects in Australia (Score: 95 > Peer average: 90)
· Frasers Property Industrial was recognised as the Overall Regional Sector Leader and Regional Sector Leader in Industrial for its existing Australian assets. (Score: 91 > Peer average: 73)
· Frasers Property Singapore was acknowledged as the Regional Sector Leader for the Diversified - Office/Retail category (Score: 87 > Peer average: 75)
· Frasers Property UK topped the local market’s Office/Industrial category (Score: 85 > Peer average: 68)
Frasers Centrepoint Trust (FCT), Frasers Property Industrial (Australia), Frasers Property Australia, Frasers Logistics & Commercial Trust, and Frasers Property Singapore received 5 Star ratings for their respective portfolios of existing assets. Among the entities participating in the standing investments categories, FCT achieved the highest overall score of 92. In addition, Frasers Property Industrial (Australia) and Frasers Property Australia received 5 Star ratings in the development projects categories, with the former chalking up a score of 95. Frasers Property’s portfolio in Australia has maintained a 5 star rating since 2018.
Mr Chia Khong Shoong, Group Chief Corporate Officer, Frasers Property Limited, said: “This is the first year where all our entities across markets, including listed and non-listed ones, made individual submissions to GRESB to benchmark themselves in their respective sectors. Entities that participated previously showed strong improvement in their overall scores. We value the sector-specific benchmarking of our sustainability practices, which provides greater transparency and accountability to our stakeholders. These encouraging results reflect our deep commitment towards achieving key sustainability goals, such as having climate-resilient portfolio adaptation and mitigation plans by 2024 and achieving net-zero carbon by 2050.”
Mr Sebastian Roussotte, CEO of GRESB, said: “GRESB Sector Leaders are the organisations that are setting the pace and driving progress toward a net zero future. We are proud to recognise your determination, achievement, and leadership in creating a more sustainable world.”