Our Sustainability Framework sets out our sustainability 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. The Sustainability Framework also provides common ground upon which we will direct our efforts to manage and deliver our sustainability priorities across the value chain, while providing individual business units and listed REITs with sufficient flexibility to develop and implement strategies and action plans tailored to their business model, operations and plans.
A Sustainability Steering Committee comprising senior management drives the sustainability strategy, reviews sustainability performance and approves action plans and policies to internalise the sustainability practices.
This Committee is supported by the Group Sustainability Team and a Project Management Office, as well as a Global Sustainability Taskforce assembled from middle management representatives across our business units. The Taskforce supports the business units in developing their sustainability action plans and monitoring their sustainability performance.
In addition, some business units have formed their own governance structures with steering committees and working committees to further internalise sustainability priorities. Dedicated taskforces have also been set up to advance Group focus areas such as diversity and inclusion and health and well-being.
The Group has over 20 full-time sustainability professionals employed across our key operations in Singapore, Australia, Thailand, Vietnam, Europe and the UK. Together, they form one of the largest sustainability teams among our real estate peers.
We believe a progressive and innovative mindset is vital to business sustainability. We incorporate innovative solutions and sustainability criteria into the way we manage our portfolio to strengthen our resilience and competitive edge as a business.
Being respectful of laws, regulations and needs of society is key to being a good corporate citizen. Good governance serves as an indispensable foundation upon which we can evolve as a business. We recognise the benefits that clear policies and good management bring to our business and we strive to maintain high standards of integrity, accountability and responsible governance.
Frasers Property is a signatory to the Corporate Governance Statement of Support since 2015, and a signatory to the United Nations Global Compact since 2016. We have a zero-tolerance approach towards corruption and fraud. We also strive for zero incidence of non-compliance with all laws and regulations.
We continuously seek to improve our energy consumption and carbon emissions, as well as water consumption and waste generation, to play our part in fighting climate change and environmental degradation.
In addition to improving our operational efficiencies, we believe that the design of a building directly affects its performance and indirectly encourages sustainable behaviour in its occupants. Frasers Property therefore employs innovative methods and techniques to create positive and enabling spaces at the development stage. We also adopt technologies in the energy sector to help us meet energy challenges quickly.
Frasers Property values the experiences of our employees and our customers. We emphasise the career development, welfare, health and safety of each employee. We pride ourselves on having a diverse workforce in terms of age, gender, skill-sets and nationality. We are also committed to providing equal employment opportunities based on meritocracy.
Our properties provide spaces for people to live, work and interact and we look for opportunities to create memorable and enriching experiences for our customers.
As a company with a global presence, we are able to create positive impact in the communities where we operate.