Sustainability

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 Refreshed ESG goals:

Achieve net-zero carbon across Scopes 1, 2 and 3 by 2050.
Install 215 MW of renewable energy capacity on properties by 2030.
Deploy a group-wide climate risk analytics platform to identify, assess and manage climate-related risks by FY2024.
Have 100% by Gross Floor Area (“GFA”) of new development projects, and 85% of owned and asset-managed properties, to be either green-certified or have been submitted for green certification by 2030.
Engage 75% of suppliers by spend on our Responsible Sourcing Policy by FY2025.
Develop a framework to assess and prioritise biodiversity risks and opportunities by FY2025

Find out more

ESG Reports

Our annual ESG reports provide updates on our sustainability commitments and our actions and progress in managing our material sustainability issues.

Previous reports

ESG Databook

Previous reports

ESG Framework and Goals

Our ESG strategy is broadly aligned to our Sponsor’s ESG Framework and ESG Goals, taking into account focus areas and targets material to FLCT’s business.

FLCT’s ESG Framework guides our approach towards driving ESG progress, and focuses on three pillars - Acting Progressively, Consuming Responsibly and Focusing on People.

Acting Progressively

Means challenging the way we operate by embracing flexibility and resilience. We focus on the future and actively consider people and the planet when making decisions.

Consuming Responsibly

Means being thoughtful about the way we use and dispose of our resources. We have set ambitious targets to drive our approach to water, waste, energy and biodiversity, and are taking action across our portfolio and supply chain.

Focusing on People

Means creating communities that are diverse, inclusive and safe. Our approach is anchored upon social connectedness and enabling more sustainable lifestyles.

ESG Framework and Goals

Acting Progressively

Means challenging the way we operate by embracing flexibility and resilience. We focus on the future and actively consider people and the planet when making decisions.

Consuming Responsibly

Focusing on People

Means creating communities that are diverse, inclusive and safe. Our approach is anchored upon social connectedness and enabling more sustainable lifestyles.

Comprehensive assessment to address environmental, health, safety and social risks

Improving energy consumption and reducing carbon emissions.

Creating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward.

Incorporating environmental, social and governance criteria into our investment process

Increasing water efficiency and the recycling and safe reuse of water discharged

Developing programmes that support productive activities, creativity and innovation to deliver high-value products and services

Strengthening resilience and climate adaptive capacity

Reducing waste generation through prevention, reduction, recycling and reuse

Ensuring healthy and balanced work and community environments

Fostering a culture of innovation that creates value and strengthens our competitive edge

Achieving sustainable management and efficient use of materials along the supply chain

Considering social value principles for communities

Enhancing the environment and ecosystem through our developments

Task Force on Climate-related Financial Disclosures

Climate-related risks can have significant impacts on businesses, ranging from supply chain disruptions, operational risks, increasing regulations, to changing stakeholder expectations. We have published annual disclosures that strive to be in alignment with the Task Force on Climate-related Financial Disclosures (TCFD).

Read more about our activities to support TCFD alignment, including our identified climate-related physical and transition risks and opportunities.

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.

Green certifications and GRESB assessment

GRESB Assessment 2023

GRESB Global Sector leader in the diversified office/industrial sector
Maintained 5-star GRESB rating for 8 consecutive years

Green Star 2024

Highest Green Star performance-rated industrial portfolio in Australia

Nabers 2024

Central Park: First commercial building in Australia to achieve 4.5- star NABERS Energy base building rating, first premium office building in Perth to attain 5.0-star NABERS Energy base building rating
Caroline Chisholm Centre: 5.5-star NABERS Energy based ratings
545 Blackburn: 5.0-star NABERS Energy based ratings

Breeam 2024

'Excellent'/ 'Very Good' (ratings for Farnborough Business Park, Maxis Business Park and Worcester)
Achieved BREEAM New Construction certification for FLCT’s Maastricht property in Europe with a “Very Good” rating awarded in 2025

fitwel 2024