Frasers Property reports GRESB results for Australian platform; maintains highest possible 5 Star rating
Frasers Property Australia has maintained a highest possible five-star GRESB rating for the 6th consecutive year, remaining among the leaders of its peer group in the increasingly competitive GRESB landscape.
The company recorded increased performance in both the Development (Diversified Non-listed) and Standing Investments (Diversified Office/Retail Non-listed) categories over the previous year. Only 20% of organisations which report to GRESB hold a 5 Star rating.
Nicholle Sparkes, General Manager Delivery & Operations, Frasers Property Australia says: “We are both pleased and motivated by the increased performance achieved over the year through our development activities and asset operations using GRESB.
“As part of our environmental, social and governance strategy, it is important that we create a cycle of continual improvement through enhancing our sustainable development capabilities, capturing and using more data, and intensifying our focus on operational efficiencies. This is how we’ll achieve our 2028 net zero carbon goal while keeping our promise to our customers,” she says.
Maintaining a 5 Star GRESB rating is a pillar of Frasers Property Australia’s green finance strategy.
Earlier this year, the company secured a combined $600 million Sustainability-Linked Term Loan and Revolving Credit Facility, lifting the proportion of total green corporate facilities for Frasers Property Limited’s Australian platform to an industry-leading 86 per cent.
“Using GRESB as a benchmark for improved performance delivers meaningful benefits to our business, customers, stakeholders and communities, but it also helps facilitate other core components of our sustainability strategy, of which green finance is an embedded part. We’re pleased to maintain our leading five-star GRESB status,” says Anita Hoskins, Chief Financial Officer, Frasers Property Australia.
Read the full announcement from Frasers Property Limited here.