SINGAPORE: Frasers Logistics & Commercial Trust (FLCT) has been named ‘Industrial – Global Listed Sector Leader’ by Global Real Estate Sustainability Benchmark (GRESB), the global environmental, social and governance (ESG) benchmark for real estate, in its 2020 Real Estate Assessment.
This marks the third consecutive year that the industrial portfolio of FLCT has been recognised as a global industrial leader.
Mr. Robert Wallace, Chief Executive Officer of the REIT Manager, said, “We are thrilled that FLCT has been recognised for the third-year running as a global leader in industrial sustainability performance as it bears testament to our continued focus on sustainability.
“Our commercial portfolio also demonstrated a commendable showing this year, retaining its four-star GRESB rating and Green Star status. As one of the largest REITs listed on the Singapore Exchange, we believe that our integration of ESG factors into our business strategy not only demonstrates our commitment to a green future, but also brings sustainable commercial benefits to our properties, which will contribute to long-term value for our stakeholders.”
Mr. Sander Paul van Tongeren, Co-Founder and Managing Director at GRESB, said, “We are proud to recognise the 2020 GRESB “Sector Leaders” and “Most Improved” for their clear commitment and meaningful action to improve their ESG performance.
“Your efforts continue to shape the future of sustainability leadership and play a critical role in driving the transition towards sustainable real assets.”
“This also marks the fourth year of the industrial portfolio’s participation in the GRESB Real Estate Assessment”.
FLCT’s commercial portfolio1also delivered a competitive performance in its second year of participation, with an overall score of 78 points of out 100. Each year, GRESB assesses and benchmarks the ESG performance of real assets worldwide and monitors progress towards global sustainability goals. GRESB’s assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments and are aligned with international reporting frameworks, goals and emerging regulations.
The GRESB Sector Leader Awards Program recognises real estate and infrastructure companies, funds and assets that have demonstrated outstanding leadership in sustainability.