,Singapore

Frasers Property Group recognised in Global Real Estate Sustainability Benchmark rankings

The company was commended for being a global and regional sector leader in five categories.

Frasers Property Limited announced that the group was recognised in the Global Real Estate Sustainability Benchmark (GRESB) for 2021.

The GRESB Sector Leader awards focus on real estate and infrastructure companies that have shown outstanding leadership in sustainability each year. All entities of the group took part in the standing investments categories, while relevant entities participated in the development projects categories. 

In terms of development projects, Frasers Property Industrial was named Overall Global Sector Leader and Global Sector Leader in the Diversified - Office/Industrial category due to its projects in Australia. A score of 95 was achieved. 

The same company and Frasers Property Australia would also receive 5-star ratings in the category. Fraser Property’s portfolio in Australia, in particular, has had a 5-star rating since 2018.

For the standing investments, Frasers Property Industrial was again recognised as Overall Regional Sector Leader and Regional Sector Leader in Industrial due to its existing Australian assets with a score of 91.

Frasers Property Singapore, meanwhile, was commended as Regional Sector Leader for the Diversified - Office/Retail category with a score of 87.

Fraser Property UK would also top the Office/Industrial category at a score of 85, the highest from a peer average of 68.

In addition, Frasers Centerpoint 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. FCT would also receive the highest overall score of 92 in the standing investment category. 

Chia Khong Shoong, Group CCO, Frasers Property Limited, said that these results were due to a focus on transparency and accountability of their sustainability practices to their shareholders.

“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.”

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