Frasers Property Singapore named as regional sector leader in ESG

Frasers Property Industrial was also recognised for its Australia-based assets.

Frasers Property Singapore was amongst the non-listed Regional Sector Leaders under the Standing Investments assessment of the Global Real Estate Sustainability Benchmark, recognised for its environmental, social and governance (ESG) performance.

In a statement, Frasers Property said it was recognised under Asia’s Diversified - Office/Retail category for its improved ESG performance supported by its sustainability efforts including greater data coverage, better sustainability reporting and disclosure practices, and stronger stakeholder engagement.

Frasers Property Singapore also reported the highest increase in scores amongst five-star-rate firms, improving from a four-star rating in 2022.

Meanwhile, Frasers Property Industrial was also recognised as a Regional Sector Leader in the Standing Investments assessments for its existing assets in Australia.

“Our marked improvement at GRESB this year reflects Frasers Property’s commitment to raising sustainability standards across our business,” Frasers Group Head of Sustainability Paolo Bevilacqua said. 

“We continue to learn from our experiences and the wider industry as ESG standards evolve. When we align ESG priorities with business considerations, we can drive long-term value creation for our stakeholders,” he added.

A total of 14 Frasers Property entities were parts of the Standing investment categories, with 10 of them maintaining their rating and four recording improvements. Four entities also saw higher ratings in the Development category and three maintained their rankings.