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In the Global Real Estate Sustainability Benchmark (GRESB) Sector Leader awards, entities of Frasers Property were recognised in the standing investments and development projects categories.
Frasers Property Limited was recognised as a global and regional sector leader across five categories in this year’s Global Real Estate Sustainability Benchmark (GRESB) rankings.
The GRESB Sector Leader awards “recognises real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability each year”.
All entities of Frasers Property participated in the standing investments categories, while relevant entities took part in the development projects categories.
In the development projects categories, Frasers Property Industrial was recognised as “the Overall Global Sector Leader and Global Sector Leader in the Diversified – Office/Industrial category for its development projects in Australia”. It achieved a score of 95.
It was also acknowledged as the Overall Regional Sector Leader and Regional Sector Leader in Industrial for its existing Australian assets, with a score of 91.
Frasers Property Singapore, on the other hand, was recognised as the Regional Sector Leader for the Diversified – Office/Retail category, with a score of 85.
Frasers Centrepoint Trust (FCT), Frasers Property Australia, Frasers Property Industrial (Australia), Frasers Property Singapore and Frasers Logistics & Commercial Trust “received five star ratings for their respective portfolios of existing assets”.
Moreover, Frasers Property Australia and Frasers Property Industrial (Australia) received five star ratings in the development projects categories.
“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,” said Chia Khong Shoong, Group Chief Corporate Officer, Frasers Property Limited.
“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.”
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Cheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email: cheryl@propertyguru.com.sg.