25 Jun 2025
Climate and Nature Transition Plan: Building pathways towards portfolio and climate resilience
The Grove, our residential development in VIC, Australia, features a wetlands system that creates habitats for local wildlife, provides recreational spaces for residents, and functions as a natural drainage and water filtration system helping preserve the health of neighbouring waterways.
We launched our Climate and Nature Transition Plan (CNTP) in June 2025, representing our integrated approach to managing climate and nature-related risks and opportunities.
The CNTP’s integrated approach will inform decision-making (investment, design, construction). Amid evolving regulatory and stakeholder expectations, it helps chart the Group’s transition pathways towards a climate-resilient, net-zero carbon and nature-affirming future.
As a multinational investor-developer-manager in real estate, we recognise the interplay among carbon emissions, climate and nature in the built environment and across the value chain. There are both risks and opportunities to be responsibly managed, with such efforts bolstered by partnerships with like-minded stakeholders across our value chain.
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Thailand’s largest integrated development One Bangkok incorporates features such as green roofs, solar panels, and energy-efficient building designs to minimise energy consumption and lower utility costs.
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Artist rendering of Sky Eden@Bedok, Singapore: The residential development’s selection of sustainable materials including green concrete and rebars, over conventional materials, is expected to reduce embodied carbon by 30%.
These efforts align with our ESG-related commitments, which include being a net-zero carbon company by 2050.
The built environment sector accounts for approximately 30% of global biodiversity loss and 40% of global resource use. According to PwC, 55% of global GDP – equivalent to around US$58 trillion – is moderately or highly dependent on nature.
An integrated approach amid progress
The CNTP draws reference from recognised international standards and frameworks such as the Transition Plan Taskforce (TPT) Disclosure Framework, International Sustainability Standards Board (ISSB) IFRS Sustainability Disclosure Standards S1 and S2 and the Taskforce on Nature-related Financial Disclosures (TNFD).
The CNTP’s launch comes amid the Group’s progress on our decarbonisation journey which saw reductions in Scopes 1 and 2 emissions by more than 20% against our FY19 baseline. The learnings related to managing carbon emissions will also be applied to our approach to nature.
A high-level Group-wide scan in 2024 broadly identified nature-related dependencies and impacts across our value chain. Potential nature-related risks and opportunities include physical risks from supply chain disruptions, access to water and exposure to climate-related disasters.
Managing resources and waste remain an integral part to our efforts in managing nature-related impacts. For instance, our approach to water management involves focusing on improving water efficiency and implementing water resource management practices. This has contributed to a reduction in water intensity in areas under our operational control from FY23 to FY24.
The Group also developed a Climate Value at Risk (CVaR) platform to quantify our global portfolio exposure to physical and transition climate risks, across time horizons and climate scenarios. This supports a better understanding of the climate-related risks to our portfolio and mitigating them through asset-level adaptation planning and investment decision-making.
As part of our data-driven approach to decarbonisation, we have identified strategies and priority areas for decarbonisation with consideration to geographical and market-level factors – including incorporating more renewable energy and reducing embodied carbon.
As of FY24, the Group has installed a total 46.8 MW of solar photovoltaic panels. Further to this, more than 54% of our owned and asset-managed properties are either green-certified or pursuing green certification. These help to reduce energy costs for our tenants and occupants and enhance the resilience of our properties.
The CNTP will be progressively updated as we develop more pathways along our ESG journey.
More details on Frasers Property’s CNTP here, press release here.