Embedding sustainability within our core

We recognise the importance of embedding key global environmental and social considerations within the way we do business to respond to a rapidly changing world. Beyond managing risks, we leverage sustainability as an opportunity to enhance our resilience, provide better offerings to customers, and future-proof our business for the longer term. Our sustainability framework provides the overarching strategy that drives FLCT’s approach towards sustainability by focusing on three focus areas – Acting Progressively, Consuming Responsibly and Focusing on People.

We have established a sustainability roadmap with a clear action plan for FLCT to continue to lead the way and drive our sustainability performance1. This includes a goal for FLCT to achieve net-zero carbon status by 2050, with established targets that contribute towards our Sponsor’s Group-wide goals.

Our Sponsor’s sustainability goals:

  • To be a 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-managed properties by 2024
  • To finance a majority of its new sustainable asset portfolios with green and sustainable financing by 2024

1Please visit https://www.frasersproperty.com/reits/flct/who-we-are/sustainability for a complete list of our targets

Our changing world demands a different approach

Acting Progressively 

FLCT’s commitment lies in building lasting value for our portfolio and our stakeholders through the careful integration of ESG factors in our decision making processes. This comprehensive approach allows us to build resilience and effectively manage risks inherent in our industry, positioning us as industry leaders. Our corporate governance culture is grounded in a solid framework of policies and a forward-thinking ethos. This entails formulating relevant policies to steer our processes toward business and sustainability goals, embracing green building certifications, engaging in responsible investment and nurturing an innovation-driven culture.

 

Progressive Thinking

Focusing on People

At FLCT, we recognise that people are our greatest asset, and we strive to create an environment where they can thrive and reach their full potential. We foster the development of core skills such as resilience and design thinking by investing in continuous employee growth, while cultivating a progressive, respectful, and diverse culture.

FLCT’s goal is to create lasting value and contribute to the well-being of the communities in which we operate. As part of our commitment to social responsibility, we continually invest in our local communities and establish policies that strengthen human capital and ensure equitable outcomes. Additionally, we actively engage stakeholders through collaboration, education, and advocacy to make a positive impact in the core areas of Health, Education and the Environment.

 

Progressive Thinking

Consuming Responsibly

In managing our industrial and commercial property portfolio across five developed markets, FLCT recognises our dual responsibility and valuable opportunity to minimise environmental impacts throughout our value chain. This entails the adoption of energy-efficient solutions, increased utilisation of renewable energy and collaborative partnerships for sustainable property practices. Continually adapting to meet evolving stakeholder needs, FLCT actively engages with and supports our tenants in their environmental objectives. Our approach encompasses establishing sustainable operational policies and conducting regular reviews to identify areas for improvement.

 


Progressive Thinking

GRESB assessment 2022

GRESB Assessment 2022

Ranked 2nd of 19 in Asia-Pacific under the Diversified – Office/Industrial category

Industrial Leadership

  • Maintained our 5-star GRESB rating in 2022, achieving an overall score of 89 points out of 100 (up from 88 points in 2021).
  • Ranked 2nd of 19 in Asia-Pacific under the Diversified – Office/Industrial category.

Highest Green Star performance-rated industrial portfolio in Australia


Green Star ratings are awarded by the Green Building Council of Australia (GBCA) which has assessed the Properties against nine key performance criteria – energy, water, transport, materials, indoor environment quality, management, land use & ecology, emissions as innovation

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 2022

GRESB Assessment 2022

Ranked 2nd of 19 in Asia-Pacific under the Diversified – Office/Industrial category

Strong Commercial Performance

  • Maintained our 5-star GRESB rating in 2022, achieving an overall score of 89 points out of 100 (up from 88 points in 2021).
  • Ranked 2nd of 19 in Asia-Pacific under the Diversified – Office/Industrial category.

GRESB Assessment 2020

357 Collins Street, Caroline Chisholm Centre and Central Park attained a minimum 5.0-star NABERS Energy base building rating

 

Central Park: first premium office building in Perth to attain 5.0-star NABERS Energy base building rating

 

Leading Sustainability Rating

Singapore

  • Alexandra Technopark
    • Water Efficient Building, PUB
    • Accredited under GreenDNA and Project: Eco Office
    • Green Mark re-certification 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

 

 

Sustainable Financing

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.

Sustainable Finance Framework

Independent Assurance Report

Proceeds Allocation Reporting

FLCT's Sustainability Reports

FLCT’s Sustainability Reports summarise our approach towards sustainability and our progress to-date

Sustainability