green buildings certified or pursuing certification
staff volunteer hours in FY22
green and sustainable financing
*as at 30 September 2022
We therefore place emphasis on people, planet and places in our sustainability strategy and practice. Environmental, Social and Governance (ESG) considerations are incorporated in every stage of our value chain. And we are determined to work, learn and share with all our partners while on this journey.
Frasers Property Industrial named the Overall Global Sector Leader in the Diversified - Office/Industrial category for its development projects in Australia and also the Overall Regional Sector Leader in Industrial for its current Australian assets.
Read MoreFrasers Property Singapore acknowledged as the Regional Sector Leader for the Diversified Office/Retail category.
Read MoreBurwood Brickworks achieves Living Building Challenge Petal Certification and is on track to achieve full Living Building Challenge Certification in late 2022.
Read More
“... to build a resilient and sustainable business.”
* As of 31 July 2021
As a responsible real estate company, we believe decarbonisation is a key step to minimising the impact of climate change. With the real estate industry responsible for about 39% of energy- and process-related emissions, tackling climate change is our top priority.
At Frasers Property, we have pledged to achieve net-zero carbon emissions by 2050 through a combination of energy-efficient assets, good energy management, and where possible, the use of renewable energy and carbon credits for any residual emissions. To reach this goal, all our businesses will need to develop net-zero carbon roadmaps and carbon reduction targets using a science-based approach.
The majority of our businesses have commenced the development of their zero-carbon roadmaps and are well underway to establishing their targets by 2022.
Scenario analysis of possible climate related outcomes demonstrate how our business might perform in the future. Such insights inform decisions on risk adaptation and help us identify opportunities and business strategies.
It is for this reason that we have set ourselves the goal to carry out climate risk assessments and implement asset-level adaptation and mitigation plans by 2024. We also aim, within this time frame, to align our reporting with the Task Force on climate-related Financial Disclosures framework.
The majority of our businesses have commenced the assessment of their climate risks and are well underway to developing their asset-level adaptation and mitigation plans.
Green buildings contribute to many aspects of environmental sustainability, from being energy- and water-efficient, to optimising the use of resources to provide healthy environments for people.
To ensure we are developing and managing more green buildings now and into the future, we have set a goal to certify 80% of all our owned and managed assets by 2024, and to have all new projects under development to be certified by 2021. There are various certification schemes that we adopt, such as Green Mark in Singapore and Vietnam, Green Star in Australia, DGNB in Europe, BREEAM in the UK, and WELL and LEED in Thailand.
Since our first BCA Green Mark certified development in Singapore in 2006, we have green-certified over 200 buildings across the Group, with many more formally registered to be certified in the coming years.
Green and sustainable financing plays an important role to encourage businesses to prioritise sustainable development. It also provides access to a wider pool of financing partners and direct savings on financing costs.
We are continually looking for opportunities in green finance and we aim to finance the majority of our sustainable asset portfolios with green and sustainable financing by 2024.
Since Frasers Tower secured S$1.2 billion in the first syndicated green loan in Singapore and South-East Asia in September 2018, we have secured a total of 24 green and sustainability-linked loans and bonds amounting to over S$6 billion.
For us to be sustainable, our people have to understand and believe in our goals, and have the ability to act sustainably.
We want to train all our employees on sustainability by 2021 and extend this training to our supply chain and other stakeholders beyond 2021.
In early 2021 we launched a Sustainability e-Learning module to all employees across the Group, and since then, we have trained over 5,000 employees across every region in which we operate.
We believe a progressive and innovative mindset is vital to business sustainability.
We continuously seek to improve our energy consumption and carbon emissions.
Our properties provide spaces for people to live, work and interact.
Fostering an innovation culture that creates value and strengthens our ability to deliver for our customers.
Find out moreAchieving the sustainable management and efficient use of material along the supply chain.
Find out moreEmpowering and promoting the social inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status.
Find out moreAn innovative culture enables our business to stay relevant and meet the expectations of our stakeholders. We encourage innovation across our business through partnerships and organic innovation in our pursuit to cultivate a customer-centric and collaborative mindset. In addition, we continue our efforts to innovate and improve processes to enhance the experiences of employees, tenants and customers, including adapting to their changing needs during the COVID-19 pandemic.
employees introduced to design thinking tools to support innovation in Frasers Property since 2019.
of Australian staff are certified Innovation Champions as at August 2021.
projects have been executed via our design thinking approach thus far.
Our impact extends beyond our operations. We are aware of our role in influencing our supply chain to create sustainable value and encourage them to consider environmental, social and governance issues in their own businesses. In 2021, we conducted an internal consultation and materiality assessment to drive responsible sourcing and implemented a Group-wide responsible sourcing policy and workplan.
carbon-neutral carpets procured by our UK Business Unit in FY21.
statements on Modern Slavery released by our businesses across the Group.
of total Scope 3 embodied carbon content in our Singapore residential development projects in FY21.
Frasers Property sees diversity and inclusion as integral parts of our culture and identity. We are building a culture where differences are valued and respected, knowing that such diversity brings us closer to the communities we serve. We strive to create workplaces where everyone feels empowered to be authentic at work. That's why, in 2020, we established a Group-wide Diversity & Inclusion Policy and pledged to the UN Women's Empowerment Principles to advance and empower women at the workplace.
female representation in senior management in FY21.
gender-balanced global workforce.
Comprehensive assessment to address environmental, health and safety risks.
Find out moreReducing substantially waste generation through prevention, reduction, recycling and reuse.
Find out moreTo future-proof our business, it is integral to comprehensively assess environment, health and safety and social risks associated with our business. That is why we have set ourselves the goal to establish holistic overarching internal policies to govern and guide management of the focus areas. In FY20, we introduced a Group Corporate Social Responsibility Policy, while all of our business developed their own sustainability workplan aligned with the Group goals.
we continue to adopt to instil integrity across the Group.
of environmental and health and safety breaches at our development sites in Singapore, Australia, the UK, China, Vietnam and Continental Europe for FY21.
key practices we uphold to identify, manage and respond to risks.
At Frasers Property, we encourage the efficient use and management of resources to curb waste generation. We are aiming to expand the coverage of data monitoring of waste generated and recycled in our asset portfolio. We are also on track to phase out single-use plastics in rooms and food and beverage of our managed hospitality assets by 2021.
waste intensity for our Singapore, Australia, Hospitality, China, Vietnam and the UK properties in FY21.
properties in the Hospitality portfolio phasing out single-use plastics since FY19.
of waste collected for recycling in our Singapore, Australia, Hospitality, China, Vietnam and the UK properties in FY21.
We believe promoting the health and well-being of our stakeholders would lead to increased productivity and work satisfaction and reduced workplace risks associated with safety. This took even greater prominence with the impact of COVID-19. As a business, we are building wellness into culture to positively engage employees and by creating awareness of health management, support mental wellness.
of our commercial and retail properties in Singapore are ISO 45001-certified.
recordable injury rate within our operating properties in FY21.
business parks in the UK achieved Fitwel certification in 2021.
Incorporating social, environment and governance criteria in the evaluation process.
Find out moreIncreasing substantially water efficiency and the recycling and safe reuse of water discharged.
Find out moreWe invest strategically, taking into consideration financial as well as environmental, social and governance criteria in the evaluation process to deliver long-term economic performance. Our goal is to finance majority of our sustainable asset portfolios with green and sustainable financing by 2024. We also seek to certify all new development projects with third-party and relevant green building schemes by 2021 and 80% of owned and managed assets by 2024.
business units have already certified 80% of their owned and managed assets
SGD sustainability linked loans
of new development projects (by floor area) across the Group are certified or pursuing green building certification.
Water is a scarce resource. That's why in 2020 we set ourselves the goal to reduce indoor water demand for all new developments by 15% compared to a standard practice building. We also aim to continually raise water consumption data coverage for landlord- and tenant-controlled areas in our operating assets.
year-on-year reduction in total water consumption in FY21.
standards for minimum water efficiency implemented across the Group
of NEWater used in our Singapore retail, commercial and hospitality assets in FY21.
A successful real estate development goes beyond its design and layout. It also considers the community planning and transformation to bring people together for long-term health and sustainability. We aim to create places for social connectedness and community resilience to grow organically. We strive to build communities that thrive as places to live, work and play, working in partnership with local communities and non-profit organisations.
contributed in financial support to local communities in FY21.
satisfaction level for office tenants in Singapore in FY21.
for community investment established in FY20.
Developing skills and leadership programmes that support productive activities, creativity and innovation to deliver high value.
Find out moreBoth climate science and the evidence from climate change-related events have clearly shown the need for businesses to identify, understand and manage climate risks within their operations. If not mitigated at an early stage with conscious planning, climate risk will affect a business portfolio valuation and financial standing in the long term. To make informed decisions in all stages of our value chain, we have commenced climate risk assessments across our business so that we can implement asset-level adaptation and mitigation plans aligned to the Task Force on Climate-related Disclosures framework by 2024.
of renewable energy generated across our Singapore, Australia and Hospitality portfolios in FY21.
to net-zero carbon by 2050 launched by Frasers Property UK in FY21.
offset from Scope 1, 2 and 3 emissions from corporate operations in Australia in 2020.
Biodiversity and ecosystems are the foundation of the world that we live in, without which we would not have clean air, clean water and food. As a responsible real estate developer, we strive to conserve, regenerate and enhance the planet’s ecosystem. Our goal is to leave every site ‘better than before’ by 2030.
of land in Lonco Vaca, Argentina purchased and protected through the Living Future Habitat Exchange programme
for native lizards established at our Frasers Park Egelsbach in Germany
of honey produced annually by beehives introduced at our Brookhaven development in Australia
We invest in learning and development programmes to equip our employees with the right skill sets and capabilities to build and empower a future-ready workforce. Our aim is to train all employees on sustainability by 2021 and achieve 40 average training hours per employee each year.
employees have completed sustainability training across the Group in 2021
of learning completed by our employees in FY21.
of our payroll cost allocated to our employees’ learning and development in FY21.
Our strategy sets out our priorities as a Group through to 2030. The framework is driven by three pillars, namely Acting Progressively, Consuming Responsibly and Focusing on People. These three pillars form a multi-disciplinary approach that recognises 13 corresponding Environment, Social and Governance (ESG) focus areas.
We believe a progressive and innovative mindset is vital to business sustainability.
Fostering an innovation culture that creates value and strengthens our ability to deliver for our customers.
Find out moreComprehensive assessment to address environmental, health and safety risks.
Find out moreIncorporating social, environment and governance criteria in the evaluation process.
Find out moreAn innovative culture enables our business to stay relevant and meet the expectations of our stakeholders. We encourage innovation across our business through partnerships and organic innovation in our pursuit to cultivate a customer-centric and collaborative mindset. In addition, we continue our efforts to innovate and improve processes to enhance the experiences of employees, tenants and customers, including adapting to their changing needs during the COVID-19 pandemic.
employees introduced to design thinking tools to support innovation in Frasers Property since 2019.
of Australian staff are certified Innovation Champions as at August 2021.
projects have been executed via our design thinking approach thus far.
To future-proof our business, it is integral to comprehensively assess environment, health and safety and social risks associated with our business. That is why we have set ourselves the goal to establish holistic overarching internal policies to govern and guide management of the focus areas. In FY20, we introduced a Group Corporate Social Responsibility Policy, while all of our business developed their own sustainability workplan aligned with the Group goals.
we continue to adopt to instil integrity across the Group.
of environmental and health and safety breaches at our development sites in Singapore, Australia, the UK, China, Vietnam and Continental Europe for FY21.
key practices we uphold to identify, manage and respond to risks.
We invest strategically, taking into consideration financial as well as environmental, social and governance criteria in the evaluation process to deliver long-term economic performance. Our goal is to finance majority of our sustainable asset portfolios with green and sustainable financing by 2024. We also seek to certify all new development projects with third-party and relevant green building schemes by 2021 and 80% of owned and managed assets by 2024.
business units have already certified 80% of their owned and managed assets
SGD sustainability linked loans
of new development projects (by floor area) across the Group are certified or pursuing green building certification.
Both climate science and the evidence from climate change-related events have clearly shown the need for businesses to identify, understand and manage climate risks within their operations. If not mitigated at an early stage with conscious planning, climate risk will affect a business portfolio valuation and financial standing in the long term. To make informed decisions in all stages of our value chain, we have commenced climate risk assessments across our business so that we can implement asset-level adaptation and mitigation plans aligned to the Task Force on Climate-related Disclosures framework by 2024.
of renewable energy generated across our Singapore, Australia and Hospitality portfolios in FY21.
to net-zero carbon by 2050 launched by Frasers Property UK in FY21.
offset from Scope 1, 2 and 3 emissions from corporate operations in Australia in 2020.
We continuously seek to improve our energy consumption and carbon emissions.
Achieving the sustainable management and efficient use of material along the supply chain.
Find out moreReducing substantially waste generation through prevention, reduction, recycling and reuse.
Find out moreIncreasing substantially water efficiency and the recycling and safe reuse of water discharged.
Find out moreOur impact extends beyond our operations. We are aware of our role in influencing our supply chain to create sustainable value and encourage them to consider environmental, social and governance issues in their own businesses. In 2021, we conducted an internal consultation and materiality assessment to drive responsible sourcing and implemented a Group-wide responsible sourcing policy and workplan.
carbon-neutral carpets procured by our UK Business Unit in FY21.
statements on Modern Slavery released by our businesses across the Group.
of total Scope 3 embodied carbon content in our Singapore residential development projects in FY21.
At Frasers Property, we encourage the efficient use and management of resources to curb waste generation. We are aiming to expand the coverage of data monitoring of waste generated and recycled in our asset portfolio. We are also on track to phase out single-use plastics in rooms and food and beverage of our managed hospitality assets by 2021.
waste intensity for our Singapore, Australia, Hospitality, China, Vietnam and the UK properties in FY21.
properties in the Hospitality portfolio phasing out single-use plastics since FY19.
of waste collected for recycling in our Singapore, Australia, Hospitality, China, Vietnam and the UK properties in FY21.
Water is a scarce resource. That's why in 2020 we set ourselves the goal to reduce indoor water demand for all new developments by 15% compared to a standard practice building. We also aim to continually raise water consumption data coverage for landlord- and tenant-controlled areas in our operating assets.
year-on-year reduction in total water consumption in FY21.
standards for minimum water efficiency implemented across the Group
of NEWater used in our Singapore retail, commercial and hospitality assets in FY21.
Biodiversity and ecosystems are the foundation of the world that we live in, without which we would not have clean air, clean water and food. As a responsible real estate developer, we strive to conserve, regenerate and enhance the planet’s ecosystem. Our goal is to leave every site ‘better than before’ by 2030.
of land in Lonco Vaca, Argentina purchased and protected through the Living Future Habitat Exchange programme
for native lizards established at our Frasers Park Egelsbach in Germany
of honey produced annually by beehives introduced at our Brookhaven development in Australia
Our properties provide spaces for people to live, work and interact.
Empowering and promoting the social inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status.
Find out moreDeveloping skills and leadership programmes that support productive activities, creativity and innovation to deliver high value.
Find out moreFrasers Property sees diversity and inclusion as integral parts of our culture and identity. We are building a culture where differences are valued and respected, knowing that such diversity brings us closer to the communities we serve. We strive to create workplaces where everyone feels empowered to be authentic at work. That's why, in 2020, we established a Group-wide Diversity & Inclusion Policy and pledged to the UN Women's Empowerment Principles to advance and empower women at the workplace.
female representation in senior management in FY21.
gender-balanced global workforce.
We believe promoting the health and well-being of our stakeholders would lead to increased productivity and work satisfaction and reduced workplace risks associated with safety. This took even greater prominence with the impact of COVID-19. As a business, we are building wellness into culture to positively engage employees and by creating awareness of health management, support mental wellness.
of our commercial and retail properties in Singapore are ISO 45001-certified.
recordable injury rate within our operating properties in FY21.
business parks in the UK achieved Fitwel certification in 2021.
A successful real estate development goes beyond its design and layout. It also considers the community planning and transformation to bring people together for long-term health and sustainability. We aim to create places for social connectedness and community resilience to grow organically. We strive to build communities that thrive as places to live, work and play, working in partnership with local communities and non-profit organisations.
contributed in financial support to local communities in FY21.
satisfaction level for office tenants in Singapore in FY21.
for community investment established in FY20.
We invest in learning and development programmes to equip our employees with the right skill sets and capabilities to build and empower a future-ready workforce. Our aim is to train all employees on sustainability by 2021 and achieve 40 average training hours per employee each year.
employees have completed sustainability training across the Group in 2021
of learning completed by our employees in FY21.
of our payroll cost allocated to our employees’ learning and development in FY21.
To further our commitment towards responsible investment, we issued our Green Finance Framework in 2022 to facilitate the issuance of green bonds and green loans for the Group.
This framework guides our approach towards achieving our sustainability goal of financing the majority of our sustainable asset portfolios with green and sustainable financing by 2024. Proceeds from green finance will fund real estate projects that enable reductions in energy consumption, carbon emission, water consumption and waste generation.
We will continue to monitor best practices and update the framework to reflect changes in market practice.