- Macroeconomic uncertainties (inflationary pressures, higher interest rates, geopolitical tensions)
- High interest rates impacting capitalisation rates and property valuations (net fair value write-downs of $0.6 billion over the past two financial years)
- High construction costs affecting development margins in Australia
Frasers Property Limited
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-10 to 2024-09 | 203 ktCO2e (Scopes 1 & 2 location-based) |
| 2022-10 to 2023-09 | 324 ktCO2e |
| 2021-10 to 2022-09 | 220.2K tCO2e/year (Scope 3 predominantly) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Increased renewable energy capacity in properties
- Reduced Scope 1 and 2 location-based emissions by ~24% against FY19 base year
- Partnership with SP Group for Singapore’s largest single solarisation project across retail properties (close to 4,500 sqm of solar panels installed across six retail malls and one commercial property)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Engage 75% of suppliers (by spend) on Responsible Sourcing Policy by FY25
- Develop a framework to assess and prioritise biodiversity risks and opportunities by FY25
📅 Medium-term
- Have 100% by gross floor area of new development projects, and 85% of owned and asset-managed properties, be either green-certified or pursuing green certification by 2030
- Install 215 MW of renewable energy capacity on properties by 2030
🔭 Long-term
- Achieve net-zero carbon across Scopes 1, 2 and 3 by 2050
🌱 ESG Focus Areas
EnvironmentalSocialGovernance