Real estate contributes approximately 40% of global greenhouse emissions, primarily from materials used in construction and maintaining operations with electricity. Taking our corporate responsibility seriously, we are the first SGX-listed real estate company to commit to achieving net-zero carbon by 2050, inclusive of Scopes 1, 2 and 3 emissions. Fundamental to our sustainability approach is our people’s understanding – we organise an Environment Month annually and train all our people on sustainability. 

Our success is down to our people, which in turn draws strength from an open, safe and supportive working environment. The COVID-19 pandemic has changed the definition of workplace with work-from-home restrictions impacting all businesses. However, every challenge presents a new opportunity and we continue to advance and bring a great workplace for employees. In July 2021, our Australian business achieved the highest Platinum WELL Certification by the International WELL Building Institute^TM, from its previous gold standard awarded in 2017. To better achieve our purpose-driven strategy, we are listening and taking action to support the wellbeing of our people with our Culture Survey results. 

Inclusive Spaces is a key community investment initiative aimed at building more inclusive communities via a Design Thinking conversation around the accessibility of real estate spaces. We believe real estate can promote better resilience by focusing on wellbeing and inclusion, particularly during the pandemic with billions affected by lockdowns. With thorough planning and transformation, we bring people together for social connectedness and community resilience, thereby, improving their long-term health and sustainability.

Our choice of building materials makes a difference. We are committed to green buildings and standards for better optimising the use of resources and providing healthy environments for people. We rolled-out a Group Responsible Sourcing Policy outlining our commitment to environmental, social and governance (ESG) best practices to source and procure responsibly and the expectations we have of our suppliers. Building on our Burwood Brickworks Living Building Challenge® Petal Certification, we launched Greensheet, Australia’s first full publicly shared list of building materials, to accelerate positive change in the construction materials supply chain

We are in a period of unprecedented change, and we believe the resilience of our people helps our business stay relevant. To meet the expectations of all our stakeholders, we are focused on inculcating a customer-centric mindset with an open and collaborative learning culture. We support and encourage innovation and learning by enabling synergistic business partnerships together with an inhouse Design Thinking curriculum in the pursuit of continuous improvements towards excellence.

Across our multinational business, we take steps to enhance the health and wellbeing of our employees, tenants and communities, by incorporating wellness features in our properties. Farnborough Business Park in the UK became the first commercial site in the world to receive a 3-star Fitwel rating. Frasers Property UK also holds the largest Fitwel-certified portfolio in the world. In Melbourne, Burwood Brickworks features residential homes set in lush open parklands and landscaped parks with a retail mall – the world’s most sustainable shopping centre – that includes a 2,500m² urban organic and chemical-free farm planted with over 200 varieties of food crops. 

At Frasers Property, we recognise the scarcity of water and are equally focused on the reduction and curtailment of waste generation. The World Bank estimates waste generation from cities is expected to increase by an estimated 70% from 2016 to 2050. Taking a two-prong approach to waste, we are actively reducing construction waste and operational building waste from employees, customers and tenants. To consume water responsibly, we are tracking water consumption for all landlord and tenanted assets globally and substantially increasing water efficiency and recycling with safe reuse of discharged water. 

We believe our diversity brings us closer to the communities we serve. Guided by our Purpose, we are creating, inspiring and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward. Our values drive everything we do, which are core to creating safe places where everyone belongs, is mutually respected and feels empowered to be authentic at work. Working collaboratively makes us progressively stronger and better as an organisation, which helps our people to thrive each day. In FY21, we established our Diversity, Equity & Inclusion Framework with a taskforce to advance on this commitment.