Frasers Group tops Global Real Estate Sustainability Benchmark 2021 rankings
https://links.sgx.com/FileOpen/FLCT_Announcement.ashx?App=Announcement&FileID=686927
$FRASERS CENTREPOINT TRUST (J69U.SG)$ (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.
$FRASERS CENTREPOINT TRUST (J69U.SG)$ (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.
“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 climateresilient portfolio adaptation and mitigation plans by 2024 and achieving net-zero carbon by 2050.” He added: “To date, Frasers Property’s listed vehicles are the only real estate entities on the Singapore Exchange to make a commitment towards tackling all three scopes of carbon emissions. Not only will we monitor, directly reduce and offset carbon emissions from owned or controlled sources, we are also examining emissions generated indirectly as a result of business. We recognise the need for responsible sourcing and are working closely with external parties such as our tenants and vendors to reduce our carbon footprint across the value chain. Creating a positive impact to people, communities and the planet through our properties is ultimately part of Frasers Property’s purpose of ‘Inspiring experiences, creating places for good’.”
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