green buildings certified or pursuing certification^
staff volunteer hours in FY22
green & sustainable financing
*as at 30 September 2022 | ^ by GFA for owned & asset-managed properties
Sustainability, coupled with sound governance and a shared purpose, underpins value creation at Frasers Property. We operate within a wide global context and leverage various forms of capital to create unique and differentiated solutions and offerings for our stakeholders. We strive to embed elements of sustainability throughout the lifecycle of our assets, from making responsible decisions at the acquisition stage, through to design and construction, property management and sales, where we deliver properties that benefit the urban environment and communities.
Four and two entities retained 5 Star ratings in the Standing Investments and Development categories respectively, while Frasers Property Industrial (Australia) was recognised as Regional Sector Leader in Oceania
Read MoreFrasers Property named a National Volunteer & Philanthropy Centre’s Champions of Good 2022
Read MoreFrasers Property named one of Singapore's Best Employers 2022 by The Straits Times and Statista
Read MoreFrasers Property named one of Equileap’s top three most gender-equitable Singapore-listed companies
Read MoreFrasers Property Limited received Most Transparent Company Award (Runner-Up) at SIAS Investors’ Choice Awards 2022
Read More
“... to build a resilient and sustainable business.”
As of 30 September 2022
As a responsible real estate company, we believe decarbonisation is a key step to minimising the impact of climate change. With the real estate industry responsible for about 40% of carbon emissions globally, tackling climate change is our top priority.
We have consistently measured and disclosed our progress towards our goal of achieving net-zero carbon emissions across our entire value chain by 2050. We adopt a partnership-based approach towards meeting this goal, leveraging new technology solutions such as district cooling and renewable energy sources.
In FY22, five business units and three REITs have developed roadmaps and action plans towards achieving net-zero carbon, with all other business units on track to develop roadmaps in FY23. Furthermore, two business units and one REIT have submitted carbon reduction targets to the Science Based Targets initiative for validation.
Scenario analysis of possible climate related outcomes demonstrate how our business might perform in the future. Such insights inform decisions on risk adaptation and help us identify opportunities and business strategies.
It is for this reason that we have set ourselves the goal to carry out climate risk assessments and implement asset-level adaptation and mitigation plans by 2024. We also aim to align our reporting with the Task Force on Climate-Related Financial Disclosures (TCFD) framework within this time frame.
We have publicly declared our support for the TCFD and its recommendations, and since 2019 have published annual climate-related disclosures to be in closer alignment to the TCFD framework. In FY22, all business units and REITs performed a gap analysis and identified initiatives for closer alignment to TCFD recommendations. We also trained 285 key personnel on climate risks and opportunities, decarbonisation and green finance.
Green buildings contribute to many aspects of environmental sustainability, from being energy- and water-efficient, to optimising the use of resources to provide healthy environments for people.
To ensure we are developing and managing more green buildings now and into the future, we have set a goal to certify 80% of our owned and asset-managed properties by 2024, and to certify all new development projects. We adopt various certification schemes, including BCA Green Mark in Singapore and Vietnam, Green Star and NABERS in Australia, BREEAM in the UK, DGNB in Europe and LEED in Thailand.
Since our first BCA Green Mark certified development in Sinapore in 2006, we have green-certified or are pursuing green certification for 45% of our owned and asset-managed properties and 90% of new development projects by gross floor area across our portfolio.
Green and sustainable financing is an important enabler for Frasers Property in advancing our sustainable development objectives while diversifying financing sources.
We have been actively pursuing green and sustainable finance for our asset portfolio since 2018 with a goal to finance the majority of our new sustainable asset portfolios with green and sustainable financing by 2024.
We established our Group Green Finance Framework in 2022 through our wholly-owned subsidiary Frasers Property Treasury Pte. Ltd.. To date, we have secured 33 green and sustainability-linked loans and three green and sustainability-linked bonds across the Group, totalling over $9 billion.
We believe a progressive and innovative mindset is vital to the sustainability of our business.
We take a partnership-based approach with all stakeholders to deliver on our commitment to be a net-zero carbon organisation by 2050.
Our properties provide spaces for people to live, work and interact.
Fostering a culture of innovation that creates value and strengthens our competitive edge.
Find out moreAchieving the sustainable management and efficient use of material along the supply chain.
Find out moreEmpowering and promoting the social inclusion of all, irrespective of differences or other status.
Find out moreAn innovative culture enables our business to stay relevant and meet the expectations of our stakeholders. We encourage innovation across our business through partnerships and organic innovation in our pursuit to cultivate a customer-centric and collaborative mindset. In addition, we also leverage our innovative culture to testbed new business models and differentiate ourselves as an employer of choice.
employees introduced to design thinking tools since 2019 to support innovation at Frasers Property.
most innovative company in Australia and New Zealand in 2021 Financial Review BOSS Most Innovative Companies list (Frasers Property Australia).
projects have been executed via our design thinking approach thus far.
Our impact as a real estate business extends beyond our operations. We are aware of our role in influencing our supply chain to create sustainable value and encourage them to consider environmental, social and governance issues in their own businesses. Our Group Responsible Sourcing Policy outlines our approach towards responsible sourcing and establishes the expectations we have of all our suppliers.
of construction and demolition waste recycled in Singapore.
statements on Modern Slavery released by our businesses across the Group.
of Scope 3 embodied carbon emissions from key materials used in ongoing development projects in Singapore, Vietnam and the One Bangkok development in Thailand.
At Frasers Property, we want each employee to have the best experience possible. Diversity, Equity & Inclusion (DEI) are central to achieving this. Guided by our Purpose, we are creating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive our organisation forward. Our values drive everything we do, which are core to creating safe places where everyone belongs, is mutually respected and feels empowered to be authentic at work.
permanent employees in our business in FY22, reflecting an increase of 8% year-on-year.
female representation in global workforce in FY22.
female representation in senior management in FY22.
Comprehensive assessment to address environmental, health and safety risks.
Find out moreReducing substantially waste generation through prevention, reduction, recycling and reuse.
Find out moreEnsuring healthy, inclusive and safe spaces for our tenants and occupiers.
Find out moreTo future-proof our business, it is integral to comprehensively assess environment, health and safety and social risks associated with our business. That is why we have set ourselves the goal to establish holistic internal policies to govern and guide management across our focus areas. We have built a framework of robust corporate policies to govern our business conduct and foster a positive corporate culture.
key operations assessed for risks related to fraud and corruption.
significant instances of non-compliance with laws and regulations for which fines, non-monetary sanctions were incurred.
incidents of non-compliance with regulations and industry codes concerning marketing communications.
At Frasers Property, we encourage the efficient use and management of resources to curb waste generation. We are aiming to expand the coverage of waste generated and recycled data across our operating properties and development projects. We are also on track to phase out single-use plastics in rooms and food and beverage of our owned and managed hospitality assets.
of waste collected from our Singapore, Australia, Vietnam, Thailand, the UK and our Hospitality properties were sent for recycling in FY22.
of paper used was recycled from our corporate offices in Singapore, China, Vietnam, Thailand, Europe and the UK in FY22.
of our owned and managed hospitality assets have phased out single-use plastics within operations.
We believe promoting the health and well-being of our stakeholders leads to increased productivity and work satisfaction and reduced workplace risks associated with safety. As a business, we prioritise our employees' well-being and take active steps to nurture a caring and inclusive workplace.
of Singapore commercial and retail properties are ISO 45001-certified.
annual Health & Safety Month held to promote employee health and well-being.
company in the world to achieve a three-star Fitwel accreditation for a business park in the UK.
Incorporating ESG factors within our investment decision-making process.
Find out moreIncreasing substantially water efficiency and the recycling and safe reuse of water discharged.
Find out moreWe take a strategic and multi-pronged approach in our investment decision-making process to deliver long-term economic performance. Our goal is to finance majority of our sustainable asset portfolios with green and sustainable financing by 2024.
green and sustainable financing.
of owned and asset-managed properties by GFA are green-certified or pursuing green certification.
of new development projects by GFA are green-certified or pursuing green certification.
Water is a key resource in various aspects of our real estate operations. We are committed to effective water management and have progressed in developing best-practice water standards across our key operations. We also aim to expand water consumption data coverage for landlord- and tenant-controlled areas in operating assets.
decrease in water intensity as compared to a FY19 baseline.
of NEWater used in our Singapore retail, commercial and hospitality assets in FY22.
office and retail properties in Singapore are certified PUB Water Efficient Buildings.
A successful real estate development goes beyond design and layout. It also considers the community planning and transformation to bring people together for long-term health and sustainability. We aim to create healthy, vibrant places for social connectedness and community resilience. We strive to build communities that thrive as places to live, work and play, working in partnership with local communities and non-profit organisations.
contributed to local communities through cash or in-kind donations.
community investment initiatives.
annual Frasers Community Month held.
Substantially improving energy efficiency and use of renewable energy.
Find out moreDeveloping skills and leadership programmes that support productivity, creativity and innovation.
Find out moreClimate science and growing climate evidence show the need for businesses to identify and manage climate risks in their operations. Without proper and early mitigation, climate risk will eventually affect a business' viability and valuation. To make informed decisions, alll business units and REITs in FY22 performed a gap analysis and identified initiatives aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. This puts us in good stead to implement asset-level adaptation and mitigation plans in line with the TCFD framework by 2024.
business units and 3 REITs completed climate risk assessments.
of avoided GHG emissions through green energy procured for properties in Australia, the UK and our global hospitality operations.
carbon-neutral energy supplied by Real Utilities, our Australian energy retailing business, to customers.
With real estate accounting for 40% of global carbon emissions, there is a need for us to pursue solutions that maximises energy efficiency, expand the use of renewable energy and reduce embodied carbon. We adopt a partnership-based approach towards achieving net-zero carbon, tapping new technology solutions such as district cooling and renewable energy sources.
of onsite solar energy generated in FY22.
reduction in Scope 2 GHG emission intensity against a FY19 baseline.
renewable electricity supplied to all landlord-controlled areas and buildings in our UK business parks.
We invest in learning and development programmes to equip our employees with the right skill sets and capabilities to build and empower a future-ready workforce. Our aim is to maintain an average of at least 30 hours of learning per employee and embed a culture of continuous learning to build a resilient organisation.
employees have completed sustainability training across the Group.
learning hours on average per employee in FY22.
of our payroll cost allocated to our employees’ learning and development in FY22.
Our strategy sets out our priorities as a Group through to 2030. Our Sustainability framework is driven by three pillars, namely Acting Progressively, Consuming Responsibly and Focusing on People. These three pillars form a multi-disciplinary approach that recognises 13 corresponding Environment, Social and Governance (ESG) focus areas.
We believe a progressive and innovative mindset is vital to the sustainability of our business.
Fostering a culture of innovation that creates value and strengthens our competitive edge.
Find out moreComprehensive assessment to address environmental, health and safety risks.
Find out moreIncorporating ESG factors within our investment decision-making process.
Find out moreAn innovative culture enables our business to stay relevant and meet the expectations of our stakeholders. We encourage innovation across our business through partnerships and organic innovation in our pursuit to cultivate a customer-centric and collaborative mindset. In addition, we also leverage our innovative culture to testbed new business models and differentiate ourselves as an employer of choice.
employees introduced to design thinking tools since 2019 to support innovation at Frasers Property.
most innovative company in Australia and New Zealand in 2021 Financial Review BOSS Most Innovative Companies list (Frasers Property Australia).
projects have been executed via our design thinking approach thus far.
To future-proof our business, it is integral to comprehensively assess environment, health and safety and social risks associated with our business. That is why we have set ourselves the goal to establish holistic internal policies to govern and guide management across our focus areas. We have built a framework of robust corporate policies to govern our business conduct and foster a positive corporate culture.
key operations assessed for risks related to fraud and corruption.
significant instances of non-compliance with laws and regulations for which fines, non-monetary sanctions were incurred.
incidents of non-compliance with regulations and industry codes concerning marketing communications.
We take a strategic and multi-pronged approach in our investment decision-making process to deliver long-term economic performance. Our goal is to finance majority of our sustainable asset portfolios with green and sustainable financing by 2024.
green and sustainable financing.
of owned and asset-managed properties by GFA are green-certified or pursuing green certification.
of new development projects by GFA are green-certified or pursuing green certification.
Climate science and growing climate evidence show the need for businesses to identify and manage climate risks in their operations. Without proper and early mitigation, climate risk will eventually affect a business' viability and valuation. To make informed decisions, alll business units and REITs in FY22 performed a gap analysis and identified initiatives aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. This puts us in good stead to implement asset-level adaptation and mitigation plans in line with the TCFD framework by 2024.
business units and 3 REITs completed climate risk assessments.
of avoided GHG emissions through green energy procured for properties in Australia, the UK and our global hospitality operations.
carbon-neutral energy supplied by Real Utilities, our Australian energy retailing business, to customers.
We take a partnership-based approach with all stakeholders to deliver on our commitment to be a net-zero carbon organisation by 2050.
Achieving the sustainable management and efficient use of material along the supply chain.
Find out moreReducing substantially waste generation through prevention, reduction, recycling and reuse.
Find out moreIncreasing substantially water efficiency and the recycling and safe reuse of water discharged.
Find out moreSubstantially improving energy efficiency and use of renewable energy.
Find out moreOur impact as a real estate business extends beyond our operations. We are aware of our role in influencing our supply chain to create sustainable value and encourage them to consider environmental, social and governance issues in their own businesses. Our Group Responsible Sourcing Policy outlines our approach towards responsible sourcing and establishes the expectations we have of all our suppliers.
of construction and demolition waste recycled in Singapore.
statements on Modern Slavery released by our businesses across the Group.
of Scope 3 embodied carbon emissions from key materials used in ongoing development projects in Singapore, Vietnam and the One Bangkok development in Thailand.
At Frasers Property, we encourage the efficient use and management of resources to curb waste generation. We are aiming to expand the coverage of waste generated and recycled data across our operating properties and development projects. We are also on track to phase out single-use plastics in rooms and food and beverage of our owned and managed hospitality assets.
of waste collected from our Singapore, Australia, Vietnam, Thailand, the UK and our Hospitality properties were sent for recycling in FY22.
of paper used was recycled from our corporate offices in Singapore, China, Vietnam, Thailand, Europe and the UK in FY22.
of our owned and managed hospitality assets have phased out single-use plastics within operations.
Water is a key resource in various aspects of our real estate operations. We are committed to effective water management and have progressed in developing best-practice water standards across our key operations. We also aim to expand water consumption data coverage for landlord- and tenant-controlled areas in operating assets.
decrease in water intensity as compared to a FY19 baseline.
of NEWater used in our Singapore retail, commercial and hospitality assets in FY22.
office and retail properties in Singapore are certified PUB Water Efficient Buildings.
With real estate accounting for 40% of global carbon emissions, there is a need for us to pursue solutions that maximises energy efficiency, expand the use of renewable energy and reduce embodied carbon. We adopt a partnership-based approach towards achieving net-zero carbon, tapping new technology solutions such as district cooling and renewable energy sources.
of onsite solar energy generated in FY22.
reduction in Scope 2 GHG emission intensity against a FY19 baseline.
renewable electricity supplied to all landlord-controlled areas and buildings in our UK business parks.
Our properties provide spaces for people to live, work and interact.
Empowering and promoting the social inclusion of all, irrespective of differences or other status.
Find out moreEnsuring healthy, inclusive and safe spaces for our tenants and occupiers.
Find out moreDeveloping skills and leadership programmes that support productivity, creativity and innovation.
Find out moreAt Frasers Property, we want each employee to have the best experience possible. Diversity, Equity & Inclusion (DEI) are central to achieving this. Guided by our Purpose, we are creating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive our organisation forward. Our values drive everything we do, which are core to creating safe places where everyone belongs, is mutually respected and feels empowered to be authentic at work.
permanent employees in our business in FY22, reflecting an increase of 8% year-on-year.
female representation in global workforce in FY22.
female representation in senior management in FY22.
We believe promoting the health and well-being of our stakeholders leads to increased productivity and work satisfaction and reduced workplace risks associated with safety. As a business, we prioritise our employees' well-being and take active steps to nurture a caring and inclusive workplace.
of Singapore commercial and retail properties are ISO 45001-certified.
annual Health & Safety Month held to promote employee health and well-being.
company in the world to achieve a three-star Fitwel accreditation for a business park in the UK.
A successful real estate development goes beyond design and layout. It also considers the community planning and transformation to bring people together for long-term health and sustainability. We aim to create healthy, vibrant places for social connectedness and community resilience. We strive to build communities that thrive as places to live, work and play, working in partnership with local communities and non-profit organisations.
contributed to local communities through cash or in-kind donations.
community investment initiatives.
annual Frasers Community Month held.
We invest in learning and development programmes to equip our employees with the right skill sets and capabilities to build and empower a future-ready workforce. Our aim is to maintain an average of at least 30 hours of learning per employee and embed a culture of continuous learning to build a resilient organisation.
employees have completed sustainability training across the Group.
learning hours on average per employee in FY22.
of our payroll cost allocated to our employees’ learning and development in FY22.
To further our commitment towards responsible investment, we issued our Green Finance Framework in 2022 to facilitate the issuance of green bonds and green loans for the Group.
This framework guides our approach towards achieving our sustainability goal of financing the majority of our sustainable asset portfolios with green and sustainable financing by 2024. Proceeds from green finance will fund real estate projects that enable reductions in energy consumption, carbon emission, water consumption and waste generation.
We will continue to monitor best practices and update the framework to reflect changes in market practice.