29 Nov 2022
Singapore study recognises Frasers Property for disclosures on biodiversity and nature
Artist’s impression of the Eco-pond at Frasers Property’s upcoming mixed-used development in the heart of Singapore’s Bedok Central, Sky Eden@Bedok, featuring a plethora of pollinator-attracting flora species.
Frasers Property is among top 10 listed companies in Singapore identified for their biodiversity and nature disclosures, according to a pioneering study by the National University of Singapore (NUS) Business School’s Centre for Governance and Sustainability (CGS) that looks into the extent of nature reporting among 600 over companies in the Asia-Pacific region.
The study also highlights the challenges listed companies in the region face in adopting a more comprehensive approach to managing nature-related risks and the implementation of measures to mitigate emissions. As a multinational company with a 2050 net-zero carbon target across all three emission scopes, we continue to explore opportunities and intensify partnerships to better manage emissions, water, waste and biodiversity, in addition to responsibly mobilising capital to support such efforts.
We integrated 12 beehives into our residential community at Keperra in Queensland, Australia, producing about 320kg of honey each year for our residents to enjoy.
Sustainability and ESG reporting and disclosures
Reporting and disclosures are an important part of our ESG journey. This helps build accountability and trust with our partners and stakeholders across the real estate sector to support goals such as decarbonising the sector.
The significance of timely and transparent disclosures, along with third-party assurances in ESG reporting, was also covered by Group Chief Strategy & Planning Officer, Zheng Wanshi in an interview with Singapore’s MONEY FM 89.3 on 17 Nov 2022.
Supporting collective action to drive climate-positive outcomes
“We are pleased to be recognised in the NUS study. This affirms our Purpose, which underpins our continuous and progressive ESG efforts,” said Group Chief Corporate Officer, Chia Khong Shoong.
“It is crucial for companies like us to support and contribute to global collective action towards realising nature- and climate-positive outcomes. Considering our science-based and collaborative approach to ESG, these contributions extend to efforts in monitoring, measuring and reporting.”
“We are heartened by the positive step forward with the ‘Loss and Damage’ fund at COP27, and look forward to seeing its implementation. As a multinational company, we will continue to leverage insights and best practices across our markets and asset classes to accelerate learning and support across the Group to achieve our ESG goals.”