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Our changing world demands a different approach
FLCT recognises the importance of addressing key global environmental and social issues. ‘A Different Way’ provides the overarching strategy that drives FLCT’s approach by focusing on three core areas – Acting Progressively, Consuming Responsibly and Focusing on People. Not only do we see sustainability from risk lenses, we see it as an opportunity to enhance our resilience, provide better offerings to customers, and future-proof our business for the long term.
We are aligned with the Sponsor’s five long-term goals established in 2020:
- To be net zero carbon corporation by 2050
- To be climate resilient and establish adaptation and mitigation plans by 2024
- To green-certify 80% of its owned and asset-management properties by 2024
- To finance a majority of its sustainable asset portfolios with green/sustainable financing by 2024
- To train all its employees on sustainability by 2021
We have established a sustainability roadmap with a clear action plan for FLCT to continue to lead the way and measure our sustainability performance1 , which includes a goal to achieve net zero carbon status by 2030.
1Please visit https://www.frasersproperty.com/reits/flct/who-we-are/sustainability for a complete list of our targets
Responsible investment
We are committed to creating long-term value for our portfolio, integrating environmental, social and governance considerations into our business decisions. This helps us build resilience and holistically manage risks associated with our business to continue to lead the way in the real estate industry. Our culture of strong corporate governance is underpinned by a robust framework of policies and a progressive mindset.
Our Approach:
- Establish policies to guide and manage our approach to achieve our business and sustainability objectives
- Adopt green building certifications and responsible investment practices
- Cultivate a culture that supports innovation
Our Progress
Skills & leadership
Our people are our most valuable asset. With the disruptions and challenges that have come with the COVID-19 pandemic and climate change, core skills like agility, resilience and design thinking have never been more relevant. We make continuous development a priority for our staff and contractors, and take tangible steps to create diverse workplaces and promote a progressive, respectful culture. We are also committed to supporting and protecting the interests and well-being of our stakeholders through our business practices and community investments as they are key drivers of our growth and success.
Our Approach:
- Focus on purpose, core values and agility to create a sustainable company culture
- Establish policies that focus on strengthening our human capital and leaving positive impact on communities
- Adopt practices that build synergies for our business, people and the community
- Engage stakeholders in driving awareness through collaboration, education and advocacy
Our Progress
Energy & carbon
We recognise the critical role we play as a property owner in reducing environmental impacts in our value chain and driving responsible consumption and production. In our effort to achieve net zero carbon emissions by 2030, we are making conscious decisions that will positively impact our carbon footprint. With an eye on evolving stakeholder needs and expectations, we constantly engage and collaborate with our tenants to help them meet their own environmental goals.
Our Approach:
- Establish policies that provides the framework to sustainable business operations and manage use of resources efficiently
- Engage with tenants and customers to increase awareness and promote responsible consumption
- Implement asset enhancement initiatives and energy, water and waste audits and improvement plans
Our Progress
GRESB assessment 2021
Ranked 2nd of 14 in Asia-Pacific under the Diversified – Office/Industrial category
Industrial Leadership
- Maintained our 5-Star GRESB rating in 2021, achieving an overall score of 88 points out of 100 (up from 87 points last in 2020).
- Ranked 2nd of 14 in Asia-Pacific under the Diversified – Office/Industrial category.
Highest Green Star performance-rated industrial portfolio in Australia
Outstanding Portfolio Sustainability Rating
We have the highest-rated industrial Green Star performance rated portfolio in Australia
- Achieved an overall 4 Star Green Star rating as assessed by the GBCA
- First to achieve 6 Star Green Star ratings for industrial facilities in each of New South Wales, Victoria and Queensland.
Potential sustainability benefits
- Reducing ongoing cost
- Gaining new tenants, especially those with sustainability as criteria
- Assists in retaining tenants at lease expiry
- Decreases building obsolescence
- Minimises vacancy downtime
Leading Sustainability Rating
Australia
Green Star Industrial Design & As-built with 6 stars:
- CEVA, 1 Doriemus Drive, Truganina, Victoria
- OI Glass 143 Pearson Road, Yatala, Queensland
- Survitec and Phoenix, 2 Burilda Close, Wetherill Park, New South Wales
- Nick Scali and Plastic Bottles, 3 Burilda Close, Wetherill Park, New South Wales
- CEVA, 43 Efficient Drive, West Park, Victoria
- Martin Brower, 1 Burilda Close, Wetherill Park, New South Wales
- Astral Pool, 111 Indian Drive, Keysborough, Victoria
Green Star Industrial Design & As-built with 5 stars:
- DB Schenker, 4 – 8 Kangaroo Avenue, Eastern Creek, New South Wales
- Tyres for U, 150-168 Atlantic Drive, Keysborough, Victoria
- Mazda, 211A Wellington Road, Mulgrave, Victoria
- Miele, 77-89 Atlantic Drive, Keysborough, Victoria
- Stanley Black and Decker, 29 Indian Drive, Keysborough, Victoria
- Clifford Hallam Healthcare, 17 Hudson Court, Keysborough, Victoria
- Beaulieu Carpets, 166 Person Road, Yatala, Queensland
- National Tiles and Paccar, 103-131 Wayne Goss Drive, Berrinba, Queensland
- Avery Dennison and CTI Logistics, 29-51 Wayne Goss Drive, Berrinba, Queensland
- Danna, Pinnacle & Licensing, 8-28 Hudson Court, Keysborough, Victoria
- FDM Warehousing & Spec – 2 Hanson Place, New South Wales
- Bluestar (Braeside & Spec) – 75-79 Canterbury Road, Victoria
GRESB assessment 2021
Ranked 2nd of 14 in Asia-Pacific under the Diversified – Office/Industrial category
Strong Commercial Performance
- Achieved an overall score of 78 points out of 100 in the GRESB 2020 Real Estate Assessment.
First premium office building in Perth, Australia to attain a 5.0 Star NABERS Energy base building rating
Leading Sustainability Rating
Singapore
- Cross Street Exchange
- Green Mark GoldPLUS Award, BCA
- Water Efficient Building, PUB - Accredited under GreenDNA and Project: Eco Office
- Alexandra Technopark
- Water Efficient Building, PUB
- Accredited under GreenDNA and Project: Eco Office
- Green Mark recertification was not completed in 2021 but is underway
Australia
- Central Park
- WELL Health-Safety Rating
- First commercial building to achieve 4.5-Star NABERS Energy rating
- First premium office building in Perth to attain a 5.0-Star NABERS Energy base building rating
- 4.5-Star NABERS Water rating
- 4.5-Star NABERS Indoor Environment base building rating
- Caroline Chrisholm Centre
- 5.0-Star NABERS Energy base building rating
- 5.0-Star NABERS Indoor Environment base building rating
- 5.5-Star NABERS Water rating
- 357 Collins Street
- 6.0-Star NABERS Energy base building rating (with green power)
- 5.5-Star NABERS Water rating
- 5.0-Star NABERS Indoor Environment rating
United Kingdom
- Farnborough Business Park
- BREEAM New Construction: “Very Good” ratings for three buildings
- BREEAM In-Use: “Excellent/Very Good” ratings for eight buildings - Green Flag Award®, Ministry of Housing, Communities & Local Government
- 3-Star Fitwel rating – first 3 Star commercial site certification in the world
- Maxis Business Park
For both buildings in the development:- BREEAM New Construction: “Very Good” ratings
- BREEAM In Use: “Excellent” ratings
Cross Street Exchange - BCA Green Mark Gold Plus certification
18, 20, 22 Cross Street, 181 South Bridge Road, Singapore 048423
Sustainable Finance Framework
Frasers Logistics & Commercial Trust (“FLCT”) is committed to developing sustainable financing practices that are in line with international standards and guidelines and intends to actively leverage on financing opportunities to achieve our sustainability goals.
On 7 July 2021, FLCT established our sustainable finance framework.
