09 Sep 2019
Frasers Property Australia tops GRESB global rankings
SYDNEY, 9 SEPTEMBER 2019
Frasers Property Australia has been named the Overall Global Sector Leader among developers in the GRESB Developer Assessment rankings unveiled today. The company achieved a score of 96 out of 100, compared to the Peer Average score of 78, and was ranked 1st of 41 developers.
In addition, Frasers Property Australia has been named the Global Sector Leader for its investment property portfolio in the Real Estate Assessment rankings, in the Global / Diversified - Office / Industrial / Non-listed category, ranking 1st of 24 portfolios.
GRESB 2019 Developer Assessment
GRESB 2019 Real Estate Assessment
Frasers Property Australia
Frasers Property Australia
Score 96 out of 100, up from 94 last year
Score 91 out of 100, up from 88 last year, reflecting 7 years of year-on-year improvement
Overall Global Sector Leader (Global / Developer), ranked 1st of 41 developers
Global Sector Leader (Global / Diversified – Office / Industrial / Non-listed), ranked 1st of 24 portfolios
Overall Regional Sector Leader, ranked 1st of 8 portfolios in Asia-Pacific / Diversified – Office / Industrial
Ranked 60th out of 964 (all GRESB Real Estate Assessment participants)
GRESB provides environmental, social and governance benchmarks for real estate and infrastructure portfolios and assets worldwide.
Frasers Property Australia’s Global Sector Leadership in GRESB’s Real Estate Assessment rankings reflects the performance of its investment property portfolio, comprising office, industrial and retail assets, with a gross asset value of A$1,696 million1.
Frasers Property Australia’s top ranking in the Developer Assessment rankings reflects its development activities in 2018, across residential, commercial, industrial and retail asset classes.
The results are based on Frasers Property Australia’s performance over the 2018 calendar year, a year in which Frasers Property grew its green energy business, Real Utilities.
Also in 2018, Frasers Property Australia joined the global Net Zero Carbon Buildings Commitment, meaning every new building it creates must operate at net zero carbon from 2030, and all its existing buildings must operate at net zero carbon by 2050.
However, Frasers Property Australia has set itself bolder ambitions. It plans to be zero carbon in development and operation by 2028.
Lisa McCutchion, General Manager - Innovation Communication & Sustainability, Frasers Property Australia, says the GRESB ranking validates its approach to achieving these ambitious targets.
“We are rightly proud of these exceptional results, which reflect investments in sustainability which create value for our business, our clients and our tenants,” Ms McCutchion says.
“But we’re not resting on our laurels. Our ambition to be zero carbon in development and operation by 2028 requires ongoing commitment, innovation and powerful partnerships.
“The property industry has a vital role to play in increasing the pace of change needed for our nation to meet its climate change obligations. As a leader in the industry, we are mindful of our responsibility and we are facing up to the challenge.”
Earlier this year, Frasers Property Australia received approval from the Science-Based Targets partnership for its greenhouse gas emission reduction targets. Under the approved targets, Frasers Property Australia has committed to reduce its scope 1 and 2 greenhouse gas emissions by 50% per square metre, and its scope 3 greenhouse gas emissions by 25% per square metre, by 20282.
Scope 1 and 2 emissions refer to greenhouse gas emissions which are directly owned or controlled by Frasers Property Australia, including the operation of assets and the generation of purchased electricity. Scope 3 emissions refer to those that occur in the value chain, including through a customer’s use of the asset, such as a tenant or purchaser.
For more information about Frasers Property Australia’s approach to sustainability, visit A Different Way.
1 As at 31 December 2018
2 Based on a 2017 base year
Frasers Logistics & Industrial Trust Awarded First Placing (Industrial) by GRESB for the Second Consecutive Year
SINGAPORE, 9 SEPTEMBER 2019
Frasers Logistics & Industrial Asset Management Pte. Ltd., the manager of Frasers Logistics & Industrial Trust (“FLT” and the manager of FLT, the “REIT Manager”), is pleased to announce that FLT has been placed first in the Global, Industrial (Listed) category by the Global Real Estate Sustainability Benchmark (“GRESB”), the global environmental, social and governance (“ESG”) benchmark for real estate, in its 2019 Real Estate Assessment. This marks the second consecutive year that FLT has emerged as the global industrial leader. In addition, FLT was recognised as Overall Regional Sector Leader (1st Asia-Pacific / Industrial / Distribution Warehouse) and Regional Sector Leader (1st Australia / Industrial / Distribution Warehouse).
Mr. Robert Wallace, Chief Executive Officer of the REIT Manager, said, “We are proud to once again be recognised by GRESB as the global leader for industrial in its 2019 assessment. From inception, sustainability has been a firm part of FLT’s corporate strategy, and this achievement underscores the key role sustainability plays in our growth journey as a leading industrial real-estate owner.”
Mr. Sander Paul van Tongeren, Co-Founder and Managing Director at GRESB, said, "We congratulate Frasers Logistics & Industrial Trust for achieving both Global and Regional Sector Leader status in the 2019 GRESB Real Estate Benchmark. This recognition represents outstanding global leadership in sustainability and a deep commitment to ESG integration. Frasers Logistics & Industrial Trust is once again setting a high bar for ESG performance in the real estate sector and an inspiring example for its peers to follow.”
2019 marks the third year of FLT’s participation in the annual GRESB Real Estate Assessment, in which the REIT was accorded an overall score of 90 points, ranking FLT first among global listed participants in the industrial space.
Each year GRESB assesses and benchmarks the ESG performance of real assets worldwide and monitors progress towards global sustainability goals. GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments and are aligned with international reporting frameworks such as the Global Reporting Initiative (GRI) and Principles for Responsible Investment (PRI).
The GRESB Sector Leader Awards Program recognises real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability. For more information on GRESB, please visit https://gresb.com/