Frasers Property UK (FPUK) has retained its 4-star rating in the Global Real Estate Sustainability Benchmark (GRESB) rankings for the third successive year in recognition of the company’s continued sustainable innovation and Environmental, Social and Governance (ESG) efforts.
FPUK was awarded an overall score of 82, placing it ahead of the average score in its peer group (59), also for the third year in a row, demonstrating the business’ commitment to reducing its carbon footprint across its property portfolio. We are the leading organisation in 5 out of 9 peer rankings and as in 2022, this year FPUK have scored 100% in the management category
The GRESB results build on FPUK’s recent approval from the Science Based Targets initiative (SBTi) for near-term targets to reduce carbon emissions across its portfolio by nearly half (46%) by 2030. The approved targets are the latest step in FPUK’s ongoing commitment to deliver a sustainable, positive impact for the built environment and the company’s occupiers.
Commenting on the successes, Frasers Property UK’s Sustainability Director, Jeremy Parsons, said: “We’re delighted to continue our excellent performance in the GRESB rankings and to receive approval for our near-term targets to reduce carbon emissions across our portfolio – they both example our dedication to achieving net zero and supporting our occupiers to do so too.
“Delivering positive, sustainable initiatives has never been more important in the current climate and the actions we’re taking have a tangible effect for the present and future, and a significant impact beyond our portfolio and our enterprise”.
The GRESB and SBTi results reinforce FPUK’s dedication to delivering a sustainable, positive impact for the built environment, with the company having also achieved ten new Building Research Establishment Environmental Assessment Method (BREEAM) certifications covering 424,400 sq. ft. earlier this year, meaning 38% of the company’s existing portfolio is now certified with BREEAM. This helps companies meet their carbon reduction targets, providing them with cleaner energy and efficient workplaces while focusing on the needs and wellbeing of occupiers.