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CloseFrasers

Sustainability development

Led by our Purpose – Inspiring experiences, creating places for good.

We embed environmental, social and governance (ESG) considerations across our value chain and strive to manage associated long-term risks and opportunities. This enables us to respond with agility to evolving market and regulatory developments, uphold business resilience and create sustainable value for stakeholders.

Environmental

Consuming Responsibly: Because we rely on natural resources for our business operations and daily consumption. So, we need to learn how to efficiently use material along the supply chain by achieving sustainable management. Increasing substantially energy efficiency and renewable energy use, reducing substantially waste and water to enhance the environment and ecosystem through our development. Increasing substantially energy efficiency and renewable energy use, reducing substantially waste and water to enhance the environment and ecosystem through our development, prevention, reduction, recycling, and reuse. And under environmental rehabilitation in order to maintain the environmental sustainability.

Social

Focusing on People; To effective business operations we shall considering social value principles for communities connectedness, customer and product stewardship community engagement corporate philanthropy. To ensure healthily and balance work and community environments, and occupational health and safety. Creating a culture of human capital development for the potential of personnel, leaders’ effectiveness. By developing skills and leadership programs that support productivities, creativity, and innovation to deliver high-value products and services and empowering and promoting the social inclusion of all under human rights code.

 

 

 

 

 

Governance

Acting Progressively: We emphasizing on risk and business continuity management. By improving operational processes along with innovation development. To enhance our products and services with the collaboration from various sectors and respect to impact in the value chain, societies, and environmental. Under the principles of good governance, ethical business and code of conduct to be able to adjust according to the changing situation

 

 

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Sustainability goals

We are progressing on our Group ESG Goals amid evolving regulatory landscapes and stakeholder expectations.

Sustainability goals

We are progressing on our Group ESG Goals amid evolving regulatory landscapes and stakeholder expectations.

Achieve net-zero carbon across Scopes 1, 2 and 3 by 2050. Near-term target of -42% by 2030 compared to Baseline year FY21.

Install 41 MW of renewable energy capacity on our properties by 2030.



Deploy Group-wide climate risk analytics platform to identify, assess and manage climate-related risks by FY24.

Have 100% by GFA of new development projects, and 85% of our owned and asset-managed properties, be either green-certified or pursuing green certification by 2030.


Engage 75% of our suppliers by spend on our Responsible Sourcing Policy and develop Supply Chain Risk Assessment by FY25.

Localize and align FPL’s framework to assess and prioritize biodiversity risks and opportunities by FY25.

Sustainable development journey

 

Sustainable Development Journey

 

  • Home
  • Sustainability
  • Home

Our ESG Approach

 

The 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 via a double materiality assessment.

Acting Progressively

Fostering a progressive and innovative mindset, supported by a robust governance structure that promotes transparency and embeds ESG within our business strategy

Consuming Responsibly

Reducing our climate impact by prioritising responsible resource management and minimising our environmental footprint

Focusing on People

Recognising that real estate can be a force for good with a long-lasting impac across communities. We strive to engage stakeholders and spaces to uplift and strengthen resilient communities.

Innovation

Fostering a culture of innovation that creates value and strengthens our competitive edge

Find out more right--arrow

Materials & Supply Chain

Achieving sustainable management and efficient use of materials along the supply chain

Find out more right--arrow

Community Connectedness

Considering social value principles for communities

Find out more right--arrow
timeline

Innovation

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.

tooltip__image
38

submissions from business units for our FY23 Innovation Awards

4

innovation huddles in FY23

1st

Singapore real estate group to achieve four consecutive WiredScore Platinum certifications

timeline

Materials & Supply Chain

Our impact as a real estate business extends beyond our operations to our supply chain, through the diverse group of suppliers we work with.

tooltip__image
2

statements on Modern Slavery released by our businesses across the Group

123

suppliers in Australia completed a modern slavery assessment survey developed with partners

timeline

Community Connectedness

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.

tooltip__image
S$2million

contributed to local communities through cash or in-kind donations.

~200

community engagements

>6800

employee hours

Resilient Properties

Strengthening resilience and climate adaptive capacity

Find out more right--arrow

Biodiversity

Enhancing the environment and ecosystem through our developments

Find out more right--arrow

Health & Well-being

Ensuring healthy and balanced work and community environments

Find out more right--arrow
timeline

Resilient Properties

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.

tooltip__image
51%

of owned and asset-managed properties by GFA are green-certified or pursuing green certification

88%

of new development projects by GFA are green-certified or pursuing green certification

All

business units and REITs have completed a climate risk assessment

timeline

Biodiversity

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.

tooltip__image
Top 10

amongst listed companies in Singapore identified for our biodiversity and nature disclosures, according to a pioneering study by NUS

TNFD Forum

Joined as a member

timeline

Health & Well-being

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.

tooltip__image
Inclusive

parental leave policy, applicable to employees regardless of gender and nationality

All

Singapore retail and commercial and Australia operations certified to ISO 45001 (Occupational Health and Safety Management System) standards

Risk-based Management

Comprehensive assessment to address environmental, health, safety and social risks

Find out more right--arrow

Energy & Carbon

Improving energy consumption and reducing carbon emissions

Find out more right--arrow

Diversity, Equity & Inclusion

Creating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward. Creating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forw

Find out more right--arrow
timeline

Risk-based Management

We 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.

tooltip__image
Enhanced

Enterprise Risk Management Framework

0

significant instances of non-compliance with laws and regulations for which fines or non-monetary sanctions were incurred

0

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

timeline

Energy & Carbon

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.

tooltip__image
Net-zero carbon roadmaps

developed by most business units and all our REITs

32MW

of solar panels installed across the Group

80%

visibility over tenants' electricity and natural gas data

timeline

Diversity, Equity & Inclusion

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.

tooltip__image
7330

employees in our business in FY23

54%

female representation in global workforce in FY23

38%

female representation in senior management in FY23

Responsible Investment

Incorporating environmental, social and governance criteria into our investment process

Find out more right--arrow

Waste

Reducing waste generation though prevention, reduction, recycling and reuse

Find out more right--arrow

Skills & Leadership

Developing programmes that support productive activities, creativity and innovation to deliver high-value products and services

Find out more right--arrow
timeline

Responsible Investment

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.

tooltip__image
S$11.4bn+

green and sustainable financing as at 30 September 2023

12

green and sustainability-linked loans arranged in FY23

Full

sustainability-linked funding for our Australian business

timeline

Waste

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.

tooltip__image
Significant progress

in waste data coverage for our commercial assets in Thailand and global hospitality operations in FY23

14%

of all general waste produced was successfully recycled

timeline

Skills & Leadership

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.

tooltip__image
33.3

learning hours on average per employee in FY23

>21000

online courses available on our LinkedIn Learning platform as part of our self-directed learning offerings

right--arrow

Water

Increasing water efficiency and the recycling and safe reuse of water discharged

Find out more right--arrow

right--arrow
timeline

tooltip__image
timeline

Water

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.

tooltip__image
76%

data coverage on water consumption for landlord- and tenant-controlled areas in FY23

~15%

of water consumed in FY23 were sourced from advanced treatment technologies and eco-friendly practices

timeline

tooltip__image

Our ESG Approach

 

The 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 via a double materiality assessment.

Acting Progressively

Fostering a progressive and innovative mindset, supported by a robust governance structure that promotes transparency and embeds ESG within our business strategy

Innovation

Fostering a culture of innovation that creates value and strengthens our competitive edge

Find out more right--arrow

Resilient Properties

Strengthening resilience and climate adaptive capacity

Find out more right--arrow

Risk-based Management

Comprehensive assessment to address environmental, health, safety and social risks

Find out more right--arrow

Responsible Investment

Incorporating environmental, social and governance criteria into our investment process

Find out more right--arrow

right--arrow
timeline

Innovation

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.

tooltip__image
38

submissions from business units for our FY23 Innovation Awards

4

innovation huddles in FY23

1st

Singapore real estate group to achieve four consecutive WiredScore Platinum certifications

timeline

Resilient Properties

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.

tooltip__image
51%

of owned and asset-managed properties by GFA are green-certified or pursuing green certification

88%

of new development projects by GFA are green-certified or pursuing green certification

All

business units and REITs have completed a climate risk assessment

timeline

Risk-based Management

We 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.

tooltip__image
Enhanced

Enterprise Risk Management Framework

0

significant instances of non-compliance with laws and regulations for which fines or non-monetary sanctions were incurred

0

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

timeline

Responsible Investment

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.

tooltip__image
S$11.4bn+

green and sustainable financing as at 30 September 2023

12

green and sustainability-linked loans arranged in FY23

Full

sustainability-linked funding for our Australian business

timeline

tooltip__image

Consuming Responsibly

Reducing our climate impact by prioritising responsible resource management and minimising our environmental footprint

Materials & Supply Chain

Achieving sustainable management and efficient use of materials along the supply chain

Find out more right--arrow

Biodiversity

Enhancing the environment and ecosystem through our developments

Find out more right--arrow

Energy & Carbon

Improving energy consumption and reducing carbon emissions

Find out more right--arrow

Waste

Reducing waste generation though prevention, reduction, recycling and reuse

Find out more right--arrow

Water

Increasing water efficiency and the recycling and safe reuse of water discharged

Find out more right--arrow
timeline

Materials & Supply Chain

Our impact as a real estate business extends beyond our operations to our supply chain, through the diverse group of suppliers we work with.

tooltip__image
2

statements on Modern Slavery released by our businesses across the Group

123

suppliers in Australia completed a modern slavery assessment survey developed with partners

timeline

Biodiversity

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.

tooltip__image
Top 10

amongst listed companies in Singapore identified for our biodiversity and nature disclosures, according to a pioneering study by NUS

TNFD Forum

Joined as a member

timeline

Energy & Carbon

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.

tooltip__image
Net-zero carbon roadmaps

developed by most business units and all our REITs

32MW

of solar panels installed across the Group

80%

visibility over tenants' electricity and natural gas data

timeline

Waste

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.

tooltip__image
Significant progress

in waste data coverage for our commercial assets in Thailand and global hospitality operations in FY23

14%

of all general waste produced was successfully recycled

timeline

Water

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.

tooltip__image
76%

data coverage on water consumption for landlord- and tenant-controlled areas in FY23

~15%

of water consumed in FY23 were sourced from advanced treatment technologies and eco-friendly practices

Focusing on People

Recognising that real estate can be a force for good with a long-lasting impac across communities. We strive to engage stakeholders and spaces to uplift and strengthen resilient communities.

Community Connectedness

Considering social value principles for communities

Find out more right--arrow

Health & Well-being

Ensuring healthy and balanced work and community environments

Find out more right--arrow

Diversity, Equity & Inclusion

Creating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward. Creating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forw

Find out more right--arrow

Skills & Leadership

Developing programmes that support productive activities, creativity and innovation to deliver high-value products and services

Find out more right--arrow

right--arrow
timeline

Community Connectedness

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.

tooltip__image
S$2million

contributed to local communities through cash or in-kind donations.

~200

community engagements

>6800

employee hours

timeline

Health & Well-being

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.

tooltip__image
Inclusive

parental leave policy, applicable to employees regardless of gender and nationality

All

Singapore retail and commercial and Australia operations certified to ISO 45001 (Occupational Health and Safety Management System) standards

timeline

Diversity, Equity & Inclusion

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.

tooltip__image
7330

employees in our business in FY23

54%

female representation in global workforce in FY23

38%

female representation in senior management in FY23

timeline

Skills & Leadership

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.

tooltip__image
33.3

learning hours on average per employee in FY23

>21000

online courses available on our LinkedIn Learning platform as part of our self-directed learning offerings

timeline

tooltip__image

Highlight projects

SBTi Near Term Target Validation

SBTi Near Term Target Validation

The Company has set a near-term target of a 42% reduction in greenhouse gas emissions by 2030, using 2021 as the baseline. This target has been validated by the Science Based Targets Initiative (SBTi) on 12 September 2024.

The aforementioned near-term target will support the Company’s goal of becoming a net-zero carbon organization by 2050.
Low Emission Support Scheme (LESS) Project

Low Emission Support Scheme (LESS) Project

The Company has implemented the Low Emission Support Scheme (LESS) Project in three housing projects: the Grand Chaengwattana-Muang Thong, the Grand Pinklao-Wongwaenkanchana and Grandio Sathorn. The LESS project focuses on planting trees that have been selected in accordance with six criteria established by the Thailand Greenhouse Gas Management Organization (TGO). Examples of these trees include trumpet trees, black plum, date palm, rain trees, ivory, and Indian oak. The Company has planted more than 3,000 trees across these three housing projects. This initiative has resulted in an increase in green space and the cultivation of biodiversity within the projects.

Furthermore, the Company prioritizes the care of these trees and the collection of tree-related data, including their measurements and the amount of carbon offset. In 2024, the Company received a Letter of Recognition (LOR) from TGO, indicating that 413 trees in the projects help reduce CO₂ emission by approximately 73.66 tCO₂e. This figure represents the cumulative total since the commencement of planting until 4 August 2024.
LEED Certification

LEED Certification

As a leading company in responsible business practices, the Company is committed to integrating responsible investments and sustainability factors into its decision-making strategies for developing high-quality, safe, environmentally friendly, and socially responsible properties that are resilient to climate change and responsive to customer demands.

In 2024, the Company obtained LEED certification for four buildings: Silver Oak (Central), Jasper BP7 W1, Jasper BP7 W2, and Jasper BP7 W3.
Blood Donation

Blood Donation

The “Frasers Property Thailand Blood Donation” event is conducted quarterly in collaboration with the National Blood Center, Thai Red Cross Society, marking its fourth consecutive year. The most recent event was the 17th event, which took place from 9 to 10 September 2024 at Samyan Mitrtown. During this event, a total of 571,950 cc of blood was donated, with participation from 1,271 individuals including the Company’s employees, Samyan Mitrtown customers, and healthy members of the community. To date, the Company has contributed a cumulative total of 6,703,900 cc of blood since the event was implemented in 2020. This event demonstrated a social return of 4.5 Baht for every baht invested, equating to a 4.5 times social return on investment (SROI).
Electric Power Storage Carts

Electric Power Storage Carts

The Company developed electric power storage carts to reduce energy usage and facilitate nighttime cleaning activities. These carts are an employee-led innovation, which was initiated in the idea brainstorm meeting. They are equipped with 200W LED spotlights and solar cells to generate renewable energy to power their two main features: 1) a lighting feature, and 2) an ozone and UV lamp feature. These carts have been deployed at Silom Edge and Samyan Mitrtown, covering 3% of the total asset area in the portfolio.

The lighting feature has reduced the need for lighting in the central area and restrooms, saving approximately 9,860 kilowatt-hours (kWh) or 9.86 MWh of electricity per year. This reduction in electricity usage helps lower operational costs by 47,550 Baht annually and corresponds to a yearly reduction of 4,930 kgCO₂e. Moreover, the ozone and UV lamp feature helps prevent the spread of disease, viruses and bacteria during cleaning activities.
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Who we are

  • Our history
  • Our structure
  • Message from chairman
  • Our awards
  • Our board & management
  • Our purpose
  • Our structure
  • Organization chart
  • Our people

What we do

  • Business overview
  • Residential
  • Industrial Property
  • Commercial Property
  • Other Investments

Sustainability

Investor Relations

  • Corporate governance structure

Media Center

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