green buildings certified or pursuing certification^
staff volunteer hours in FY23
green & sustainable financing*
as at 30 September 2023 | ^ by GFA for owned and asset-managed properties | * includes JV and associates' financing facilities not included in the Group's consolidated financial statements
We remain committed to strengthening business resilience and creating long-term stakeholder value through, among others, addressing key environmental, social and governance (ESG) aspects. Prioritising ESG considerations will enhance Frasers Property’s ability to adapt to evolving market dynamics and regulatory changes, and effectively identify and manage long-term risks and opportunities.
Advancing on our ESG Goals
We adopt a science-based approach and leverage partnerships to manage emissions across our operations and value chain.
Having installed over 32 MW of solar PV to date, we expect to scale up solar PV adoption, particularly across our industrial and residential footprint.
We completed a Group Climate Value at Risk analysis and are developing a platform to continuously manage risks and enhance climate adaptation and mitigation plans.
We strive to meet green certification requirements for our developments, benefiting our business and contributing to sustainable outcomes.
We aim to expand engagement with our suppliers, strengthening ESG awareness through our policies and initiatives such as our e-learning programme.
We aim to lay the foundations for a roadmap to effectively manage biodiversity and our impacts.
We have six Group ESG Goals to enable us to strategically manage our impact as a responsible business on communities and climate. We take a science-based approach to monitoring, measuring and managing our progress and goals.
We foster a progressive and innovative mindset, supported by a robust governance structure that promotes transparency and embeds ESG within our business strategy.
We focus on reducing our climate impact by prioritising responsible resource management and minimising our environmental footprint.
Our properties provide spaces for people to live, work and interact.
Comprehensive assessment to address environmental, health, safety and social risks
Find out moreCreating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward.
Find out moreWe actively assess and mitigate our environmental, health, safety, and social risks, and implement policies and initiatives to drive robust governance, compliance, while maintaining the integrity and accountability across our operations.
Enterprise Risk Management Framework
significant instances of non-compliance with laws and regulations for which fines or non-monetary sanctions were incurred
instances of confirmed incidents of corruption and incidents in which employees were dismissed or disciplined for corruption, or contracts with business partners that were terminated or not renewed due to violations related to corruption
With real estate accounting for 40% of global carbon emissions, there is a need for us to pursue solutions that maximises energy efficiency, expand the use of renewable energy and reduce embodied carbon. We adopt a partnership-based approach towards achieving net-zero carbon, tapping new technology solutions such as district cooling and renewable energy sources.
developed by most business units and all our REITs
of solar panels installed across the Group
of renewable energy generated on-site
At Frasers Property, we emphasise diversity, equity and inclusion (DEI) with equity taking centrestage. This means creating and fostering an empathetic culture that is open, inclusive, and in line with our Core Values; valuing and recognising differences; and recognising that diversity brings us closer to the communities we serve.
employees across our business as of 30 September 2023
female representation in global workforce in FY23
female representation in senior management in FY23
Incorporating environmental, social and governance criteria into our investment process
Find out moreIncreasing water efficiency and the recycling and safe reuse of water discharged
Find out moreDeveloping programmes that support productive activities, creativity and innovation to deliver high-value products and services
Find out moreWe take a multi-pronged approach to responsible investment by seeking green and sustainable financing, green building certifications and embedding sustainability considerations within investment decisions.
green and sustainable financing as at 30 September 2023
green and sustainability-linked loans arranged in FY23
sustainability-linked funding for our Australian business
Water is a key resource for Frasers Property. Water sustains our activities, including construction processes to the day-to-day running of facilities for a wide range of stakeholders. We focus on improving water efficiency, recycling and safe reuse of water discharge.
of water consumed in FY23 were sourced from advanced treatment technologies and eco-friendly practices
Learning and development is a vital component to build our workforce capabilities, as well as our focus on leadership and talent development. Our policies and programmes support our efforts to forge a resilient corporate culture, build organisational agility, stay competitive and hone leaders with growth mindsets.
learning hours on average per employee in FY23
online courses available on our LinkedIn Learning platform as part of our self-directed learning offerings
Building resilient properties entails investing in asset protection across the project life cycle, to address impacts related to climate change. Prioritising resilience in our properties safeguards lives and our assets, but also reduces the long-term economic and environmental costs associated with climate disruptions.
of owned and asset-managed properties by GFA are green-certified or pursuing green certification
of new development projects by GFA are green-certified or pursuing green certification
business units and REITs have completed a climate risk assessment
At Frasers Property, we manage waste with a focus on prevention, reduction, recycling and reuse with reference to circular economy principles. We also engage and partner stakeholders such as tenants and customers to encourage responsible waste management practices across our operations.
of all general waste produced was successfully recycled
Enhancing and safeguarding the health and well-being of our employees, partners, tenants and stakeholders across our value chain is critical to our business sustainability. We consider the effective management of occupational health and safety as a fundamental requirement contributing to strengthening our capacity to effectively deliver long-term value creation for our business and our stakeholders.
parental leave policy, applicable to employees regardless of gender and nationality
Singapore retail and commercial and Australia operations certified to ISO 45001 (Occupational Health and Safety Management System) standards
Fostering a culture of innovation that creates value and strengthens our competitive edge
Find out moreAchieving sustainable management and efficient use of materials along the supply chain
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 also leverage our innovative culture to testbed new business models and differentiate ourselves as an employer of choice.
submissions from business units for our FY23 Innovation Awards
innovation huddles in FY23
Singapore real estate group to achieve four consecutive WiredScore Platinum certifications
Our impact as a real estate business extends beyond our operations to our supply chain, through the diverse group of suppliers we work with.
statements on Modern Slavery released by our businesses across the Group
suppliers in Australia completed a modern slavery assessment survey developed with partners
Community connectedness is about upholding social value principles for communities. To facilitate and enhance community connectedness where we operate, we have implemented community investment and placemaking initiatives, and are focused on supporting inclusive communities. We tap on the experience and expertise of our people and the potential of our assets to create meaningful long-term relationships across our communities.
contributed to local communities through cash or in-kind donations.
community engagements
employee hours
We recognise our responsibility to manage nature-related impacts more effectively and are developing a framework by FY25 to guide the assessment and prioritisation of biodiversity risks and opportunities.
listed companies in Singapore identified for biodiversity and nature disclosures, according to a study by NUS
Joined as a member
The three pillars of our ESG Framework – Acting Progressively, Consuming Responsibly and Focusing on People – align us with our key priorities. These three pillars underpin 13 interconnected focus areas that are most impactful to our business and stakeholders, identified following a comprehensive materiality assessment. We regularly review our focus areas to validate their relevance, with the most recent review in FY22.
ESG considerations are progressively integrated within our risk, investment and strategy decisions, supported by our ESG governance structure. Our ESG approach is embedded within our overall business strategy. Our value creation business model provides a framework for how we create long-term value for our stakeholders.
We foster a progressive and innovative mindset, supported by a robust governance structure that promotes transparency and embeds ESG within our business strategy.
Comprehensive assessment to address environmental, health, safety and social risks
Find out moreIncorporating environmental, social and governance criteria into our investment process
Find out moreFostering a culture of innovation that creates value and strengthens our competitive edge
Find out moreWe actively assess and mitigate our environmental, health, safety, and social risks, and implement policies and initiatives to drive robust governance, compliance, while maintaining the integrity and accountability across our operations.
Enterprise Risk Management Framework
significant instances of non-compliance with laws and regulations for which fines or non-monetary sanctions were incurred
instances of confirmed incidents of corruption and incidents in which employees were dismissed or disciplined for corruption, or contracts with business partners that were terminated or not renewed due to violations related to corruption
We take a multi-pronged approach to responsible investment by seeking green and sustainable financing, green building certifications and embedding sustainability considerations within investment decisions.
green and sustainable financing as at 30 September 2023
green and sustainability-linked loans arranged in FY23
sustainability-linked funding for our Australian business
Building resilient properties entails investing in asset protection across the project life cycle, to address impacts related to climate change. Prioritising resilience in our properties safeguards lives and our assets, but also reduces the long-term economic and environmental costs associated with climate disruptions.
of owned and asset-managed properties by GFA are green-certified or pursuing green certification
of new development projects by GFA are green-certified or pursuing green certification
business units and REITs have completed a climate risk assessment
An 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 also leverage our innovative culture to testbed new business models and differentiate ourselves as an employer of choice.
submissions from business units for our FY23 Innovation Awards
innovation huddles in FY23
Singapore real estate group to achieve four consecutive WiredScore Platinum certifications
We focus on reducing our climate impact by prioritising responsible resource management and minimising our environmental footprint.
Increasing water efficiency and the recycling and safe reuse of water discharged
Find out moreAchieving sustainable management and efficient use of materials along the supply chain
Find out moreWith real estate accounting for 40% of global carbon emissions, there is a need for us to pursue solutions that maximises energy efficiency, expand the use of renewable energy and reduce embodied carbon. We adopt a partnership-based approach towards achieving net-zero carbon, tapping new technology solutions such as district cooling and renewable energy sources.
developed by most business units and all our REITs
of solar panels installed across the Group
of renewable energy generated on-site
Water is a key resource for Frasers Property. Water sustains our activities, including construction processes to the day-to-day running of facilities for a wide range of stakeholders. We focus on improving water efficiency, recycling and safe reuse of water discharge.
of water consumed in FY23 were sourced from advanced treatment technologies and eco-friendly practices
At Frasers Property, we manage waste with a focus on prevention, reduction, recycling and reuse with reference to circular economy principles. We also engage and partner stakeholders such as tenants and customers to encourage responsible waste management practices across our operations.
of all general waste produced was successfully recycled
Our impact as a real estate business extends beyond our operations to our supply chain, through the diverse group of suppliers we work with.
statements on Modern Slavery released by our businesses across the Group
suppliers in Australia completed a modern slavery assessment survey developed with partners
We recognise our responsibility to manage nature-related impacts more effectively and are developing a framework by FY25 to guide the assessment and prioritisation of biodiversity risks and opportunities.
listed companies in Singapore identified for biodiversity and nature disclosures, according to a study by NUS
Joined as a member
Our properties provide spaces for people to live, work and interact.
Creating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward.
Find out moreDeveloping programmes that support productive activities, creativity and innovation to deliver high-value products and services
Find out moreAt Frasers Property, we emphasise diversity, equity and inclusion (DEI) with equity taking centrestage. This means creating and fostering an empathetic culture that is open, inclusive, and in line with our Core Values; valuing and recognising differences; and recognising that diversity brings us closer to the communities we serve.
employees across our business as of 30 September 2023
female representation in global workforce in FY23
female representation in senior management in FY23
Learning and development is a vital component to build our workforce capabilities, as well as our focus on leadership and talent development. Our policies and programmes support our efforts to forge a resilient corporate culture, build organisational agility, stay competitive and hone leaders with growth mindsets.
learning hours on average per employee in FY23
online courses available on our LinkedIn Learning platform as part of our self-directed learning offerings
Enhancing and safeguarding the health and well-being of our employees, partners, tenants and stakeholders across our value chain is critical to our business sustainability. We consider the effective management of occupational health and safety as a fundamental requirement contributing to strengthening our capacity to effectively deliver long-term value creation for our business and our stakeholders.
parental leave policy, applicable to employees regardless of gender and nationality
Singapore retail and commercial and Australia operations certified to ISO 45001 (Occupational Health and Safety Management System) standards
Community connectedness is about upholding social value principles for communities. To facilitate and enhance community connectedness where we operate, we have implemented community investment and placemaking initiatives, and are focused on supporting inclusive communities. We tap on the experience and expertise of our people and the potential of our assets to create meaningful long-term relationships across our communities.
contributed to local communities through cash or in-kind donations.
community engagements
employee hours
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) since 2019.
Read more about our activities to support TCFD alignment, including our identified climate-related physical and transition risks and opportunities.
We developed a Green Finance Framework in 2022 to facilitate the issuance of green bonds and green loans by the Frasers Property Treasury Pte Ltd. Additionally, our Australia business unit and REITs (Frasers Centrepoint Trust, Frasers Logistics & Commercial Trust) have their respective sustainable finance frameworks to govern sustainable financing at the business unit level.
We will continue to monitor best practices and update the framework to reflect changes in market practice.
Awarded the Most Transparent Company Award, Runner-Up at the SIAS Investors’ Choice Awards .
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