Frasers Hospitality Leads ESG Milestones with Green Star and GRESB Recognition

Frasers Hospitality, a strategic arm of Frasers Property, has reached a pivotal point in its sustainability journey, achieving groundbreaking accolades that underscore its leadership in environmental, social, and governance (ESG) practices. The group proudly announced two major milestones:

1. Becoming the first hospitality portfolio in Australia to earn a 1-star Green Star Performance (GSP) rating from the Green Building Council of Australia (GBCA).
2. Attaining a 5-Star rating and being named a Regional Sector Leader in the Asia/Hotel category by GRESB in its 2024 assessment.

These achievements reflect Frasers Hospitality’s steadfast commitment to sustainability and eco-conscious practices across its global operations.

Pioneering Sustainability in Australia

Frasers Hospitality’s 1-star Green Star Performance (GSP) portfolio rating recognizes significant strides in water and energy efficiencies across its Australian properties. The five featured assets include:

• Capri by Fraser Brisbane
• Fraser Suites Perth
• Fraser Suites Sydney
• Novotel Sydney Darling Square
• Novotel Melbourne on Collins

The Green Star certification, an internationally acclaimed system, sets benchmarks for sustainable buildings and communities. This certification validates Frasers Hospitality’s proactive approach to reducing its environmental footprint and aligns with its broader ESG objectives. Future plans involve further enhancing portfolio efficiency, focusing on minimizing energy and water consumption.

Recognition as a Regional ESG Leader

On a global scale, Frasers Hospitality secured Regional Sector Leadership in the Asia/Hotel category in the 2024 GRESB assessment. The 5-Star rating, one of GRESB’s highest distinctions, highlights the group’s position as a trailblazer in ESG performance relative to its peers.

GRESB (Global Real Estate Sustainability Benchmark) serves as a vital barometer for sustainability in the real estate and hospitality industries. Frasers Hospitality’s recognition demonstrates its ability to integrate environmental and social responsibility into its operations without compromising service excellence.

Commitment to Long-Term ESG Goals

These achievements are a direct result of Frasers Hospitality’s alignment with the Group ESG Goals, which include ambitious targets such as:

• Achieving net-zero carbon emissions by 2050
• Ensuring 85% of owned and managed properties are green-certified or actively pursuing certification by 2030

As of September 2024, 81.9% of the group’s owned portfolio by gross floor area had already achieved or was working toward green certifications. These certifications not only validate Frasers Hospitality’s operational sustainability but also reflect a broader vision to positively impact communities and safeguard resources for future generations.

Leadership Commentary

Eu Chin Fen, Chief Executive Officer of Frasers Hospitality, emphasized the importance of these milestones:

“These achievements reflect our unwavering commitment to sustainable hospitality. By integrating ESG principles into our operations, we ensure that our portfolio serves both present and future generations responsibly while maintaining the highest standards of hospitality excellence.”

The Road Ahead: Redefining Hospitality Sustainability

Frasers Hospitality’s success demonstrates how sustainability can be a cornerstone of hospitality operations. Through its certified properties, energy-efficient practices, and ESG-aligned strategies, the group aims to lead the global hospitality sector toward a greener, more responsible future.

With innovation, leadership, and a commitment to reducing environmental impacts, Frasers Hospitality sets a new benchmark for eco-conscious travelers and stakeholders alike. These recognitions not only enhance its brand reputation but also reinforce its dedication to being a global steward of sustainable hospitality.