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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
1Please visit https://www.frasersproperty.com/reits/flct/who-we-are/sustainability for a complete list of our targets
ESG Reports
Find out more
Our ESG Approach
Find out moreTask Force on Climate-related Financial Disclosures
Find out moreSustainable Financing
Find out moreGreen certifications and GRESB assessment
Find out moreESG case studies
Find out moreESG 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
Risk-based Management
Comprehensive assessment to address environmental, health, safety and social risks
Energy & Carbon
Improving energy consumption and reducing carbon emissions.
Diversity, Equity & Inclusion
Creating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward.
Responsible Investment
Incorporating environmental, social and governance criteria into our investment process
Water
Increasing water efficiency and the recycling and safe reuse of water discharged
Skills & Leadership
Developing programmes that support productive activities, creativity and innovation to deliver high-value products and services
Resilient Properties
Strengthening resilience and climate adaptive capacity
Waste
Reducing waste generation though prevention, reduction, recycling and reuse
Health & Well-being
Ensuring healthy and balanced work and community environments
Innovation
Fostering a culture of innovation that creates value and strengthens our competitive edge
Materials & Supply Chain
Achieving sustainable management and efficient use of materials along the supply chain
Community Connectedness
Considering social value principles for communities
Biodiversity
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
- Ranked 2nd of 18 in Asia-Pacific under the Diversified - Office/Industrial category
- Maintained 5-star GRESB rating for 3 consecutive years
- Highest Green Star performance-rated industrial portfolio in Australia
- 357 Collins Street, Caroline Chisholm Centre, Central Park and 545 Blackburn Road: minimum 5.0-star
- 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
- 'Excellent'/ 'Very Good' (ratings for Farnborough Business Park, Maxis Business Park and Worcester)
- 'Very Good' (ratings for 3 assets in The Netherlands)
- 'Excellent' (rating for Ellesmere Port development in the UK)
- Farnborough Business Park: First 3-star commercial site certification in the world
