Frasers Property Industrial has ranked strongly in the 2023 Global Real Estate Sustainability Benchmark (GRESB) results – which assesses and benchmarks the ESG performance of real estate assets worldwide and monitors progress towards global sustainability goals.
Frasers Property’s Australian portfolios have maintained their 5 Star rating, with Frasers Property Industrial achieving Regional Sector Leader status for Oceania in Industrial. In particular, the European active development portfolio has improved by an outstanding 29 points overall (compared with 2022 results) to achieve a 5 Star portfolio rating.
Frasers Property Industrial has secured leading positions in the 2023 GRESB results across standing investments and active developments in its European and Australian portfolios, as the company sets new benchmarks in sustainable real estate solutions.
Standing Investments
Frasers Property Industrial Australia ranked first among peers in the Industrial: Tenant Controlled | Core category
Frasers Logistics and Commercial Trust’s portfolio held second position for the Diversified – Office/Industrial category in Asia-Pacific (Score: 88 > Peer average: 78)
Frasers Property Industrial’s Australian portfolio and Frasers Logistics and Commercial Trust both maintained their 5 Star rating
Frasers Property Industrial’s European portfolio improved by two places and 19 points overall, reaching a 3 Star rating (Score: 79 > 2022 Score: 60)
Development
Frasers Property Industrial’s European portfolio achieved a 5 Star rating for the first time, improving its score by 29 points compared to 2022 results (Score: 95 > Peer average: 93)
Frasers Property Industrial ranked first among peers in the Industrial: Non-Refrigerated Warehouse | Non-listed category for its Australian portfolio (Score: 96 > Peer average: 88)
Frasers Property Industrial’s Australian portfolio maintained its 5 Star rating
Frasers Property Industrial benchmarks its entire portfolio against GRESB, demonstrating its ongoing commitment to developing and managing market-leading sustainable portfolios. Our results this year demonstrates we are on track to achieve our target of having our entire portfolio rated 5 Star with GRESB by 2024.
Reini Otter, Chief Executive Officer for Frasers Property Industrial comments, “We’re pleased to achieve strong, portfolio-wide results in this year’s GRESB ratings, and we’re particularly proud of the significant increase in score and rating for our European development and standing investments portfolio. The substantial improvement in rating reflects the dedication of the Frasers Property Industrial team to invest in upgrading existing assets and by partnering with our customers we’ve implemented new technologies that help with our data collection to reduce environmental impact. Our project, The Tube in Dusseldorf, Germany, which is targeting the first-ever Gold demolition certification from the DGNB German Sustainable Building Council, is a leading example of our strategy in action. Through a climate-friendly and transparent demolition process, we’ve recycled approximately 70,000 tonnes of building materials on-site, saving up to 7,000 truck movements in this time.
“Our high quality and future-proof portfolio in Australia reflects in our sector leading status, and 5 Star GRESB rating for the seventh consecutive year. We strive to continuously raise the bar on sustainable and innovative industrial development, which is demonstrated through achievements like The YARDS in Sydney receiving Australia’s first ever 6-star green star Communities rating for industrial property, from the Green Building Council of Australia earlier this year.
“Guided by our sustainability strategy, every decision we make has the reduction of net zero emissions in mind – it inspires us to design better and innovate more. We’re proud to be partnering with organisations across Australia and Europe to collaboratively move the sector forward to a more sustainable future for the planet, people and businesses.”
Please refer to the announcement from Frasers Property Limited for further details.
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