Climate change poses one of the biggest threats to the planet. Joining the fight against the climate crisis and reducing our carbon footprint on the environment through greening the entire value chain, from the design and construction of buildings to operations, is therefore high on Frasers Property’s agenda.
In early 2021, Frasers Property announced its five sustainability goals, which include achieving net-zero carbon (Scopes 1, 2 and 3 carbon emissions) across the entire real estate value chain by 2050. Its sustainability agenda is aligned with its purpose-driven journey of “Inspiring experiences, creating places for good”.
The organisation tracks, reduces and offsets carbon emissions from owned or controlled sources (Scope 1), those generated indirectly as a result of our energy usage (Scope 2) as well as carbon emissions from its tenants, contractors, suppliers, and vendors (Scope 3). Frasers Property is one of the first few SGX-listed real estate companies to make a commitment towards all the three scopes of carbon emissions. By 2022, all of Frasers Property’s businesses will have completed the development of their net-zero carbon roadmaps and carbon reduction targets using a science-based approach.
Frasers Property does its part to minimise embodied carbon through responsible sourcing, choice of building materials and also offseting of energy consumption in common areas with renewable energy at its developments. The company also measures and reports on the embodied carbon footprint of their development projects in Singapore.
Green buildings contribute to many aspects of environmental sustainability, from being energy- and water-efficient to providing healthy environments for tenants and occupants. With over 200 buildings green-certified since 2005, Frasers Property is also setting a goal to certify 80% of all owned and asset-managed properties by 2024, and to have all new projects under development certified from 2021.
Below are some examples of Frasers Property’s green buildings and initiatives in Singapore.
Parc Greenwich has been awarded Green Mark GoldPLUS for New Residential Building by the Singapore Building and Construction Authority (BCA). This Executive Condominium (EC) will adopt green features such as solar photovoltaics to reduce energy consumption generated from communal areas as well as sustainable products such as laminates, tile adhesive, and floor screed that are certified by the Singapore Green Building Product (SGBP) certification scheme. It will have passive design features that encourage natural ventilation and reduce heat gain. These include designing all units to be in a North-South orientation with a combination of casement and top-hung bedroom windows as well as horizontal and vertical sun-shading façade elements.
Aligned with Singapore’s Green Plan 2030 to promote the take-up of electric vehicles, electric vehicle chargers will be installed at Parc Greenwich. Parc Greenwich is the first EC in Singapore to obtain a green loan, bringing Frasers Property Group’s green and sustainable financing to about S$6 billion so far.
Rivière will be equipped with electric vehicle chargers and bicycle parking infrastructure to encourage a carbon-lite lifestyle. Its two towers are oriented predominantly in the North and South direction to minimise direct solar heat gain. Facades are designed with deep overhanging balconies and curtain wall surfaces are articulated with finely detailed fins to provide a sun-shading effect. Its sustainability features have been recognised with the BCA Green Mark GoldPLUS Award for New Residential Buildings.
To construct Frasers Tower, a Grade A office development, Frasers Property used green cement, recycled concrete aggregates and washed copper slag, which have lower embodied carbon content compared to conventional materials.
Awarded the Green Mark Platinum award by the BCA and the Best Green Office Development at the PropertyGuru Asia Property Awards, Frasers Tower’s environmentally-friendly features include energy-efficient and regenerative high-speed lifts and a high-performance double-glazed façade that greatly reduces solar heat gain. The lush greenery at its community zones and park further lowers surface temperature of the building and acts as a green lung. Rainwater is recycled to irrigate the building’s flora and run the water-cooling system. With a direct link to the Tanjong Pagar MRT station, the property provides secured bicycle lots with end of trip facilities and electric vehicle recharging stations.
Frasers Property is working with SP Group and Temasek to bring distributed district cooling (DDC) to Tampines Central. The DDC will bring energy savings and reductions in carbon emissions to support Tampines’ green ambitions to transform into an Eco Town by 2025. The Century Square and Tampines 1 shopping malls will be part of this movement for a greener Singapore.
Tenants are regularly engaged to improve the sustainability of Frasers Property’s commercial and retail properties, encouraging them to fit leased spaces with sustainable materials that reduce environmental footprint from production to operations, e.g. energy-efficient light fittings.
Click here to read more about Frasers Property’s sustainability goals and strategies.