Sustainability development

Our sustainable development driven under the framework like Frasers group by three pillars, namely acting progressively, consuming responsibly and focusing on people. These three pillars forms a multi-disciplinary approach that recognizes 13 corresponding environment, social and governance (ESG) focus areas. We prioritize to develop in our value chain. Which will be able to deliver value to the stakeholder and appropriate to our business with the different situations and changes.

Environmental

Consuming Responsibly: Because we rely on natural resources for our business operations and daily consumption. So, we need to learn how to efficiently use material along the supply chain by achieving sustainable management. Increasing substantially energy efficiency and renewable energy use, reducing substantially waste and water to enhance the environment and ecosystem through our development. Increasing substantially energy efficiency and renewable energy use, reducing substantially waste and water to enhance the environment and ecosystem through our development, prevention, reduction, recycling, and reuse. And under environmental rehabilitation in order to maintain the environmental sustainability.

Social

Focusing on People; To effective business operations we shall considering social value principles for communities connectedness, customer and product stewardship community engagement corporate philanthropy. To ensure healthily and balance work and community environments, and occupational health and safety. Creating a culture of human capital development for the potential of personnel, leaders’ effectiveness. By developing skills and leadership programs that support productivities, creativity, and innovation to deliver high-value products and services and empowering and promoting the social inclusion of all under human rights code.

Governance

Acting Progressively: We emphasizing on risk and business continuity management. By improving operational processes along with innovation development. To enhance our products and services with the collaboration from various sectors and respect to impact in the value chain, societies, and environmental. Under the principles of good governance, ethical business and code of conduct to be able to adjust according to the changing situation

Highlight Projects

Renewable Energy Project
Frasers Property Thailand invested in 40-kilowatt solar rooftop installation at Samyan Mitrtown. The installed solar panels generated 54,000 kilowatt-hour of electricity which resulted in a substantial cost savings of 270,000 Baht on electricity expenses, or equivalent to 27,000 kgCO2e greenhouse gas reduction in 2023. In addition, Frasers Property Industrial (Thailand) installed solar roofs, total generating capacity of 2.9 MWp, at 8 distinct warehouse properties. The installed panels generated over 3,900,000 kilowatt-hour of electricity or equivalent to greenhouse gas emissions reduction by 1,950,000 kgCO2e in 2023.
Renewable Energy Project
Green Building Certification
Frasers Property Industrial (Thailand) has strengthened its position as the leading industrial real estate developer that owns the country’s largest portfolio of certified green factories and warehouses by area. The Company has enhanced a factory building, which is marked as a pioneering milestone for Thailand as it was the first to attain the Excellence in Design for Greater Efficiencies (EDGE) certification.
This EDGE certified Ready-Built factory is 2,275 square meter and located at Laemchabang Industrial Estate Chonburi. The factory underwent refurbishment to enhance environmental management in accordance with EDGE standard that focuses on energy saving, water saving, and selection of materials with less embodied energy.
Green Building Certification
FPT BUILD TO ZERO TOGETHER Recycling rate of FPT staff at Head quarter
FPT Build to Zero Together 1
FPT Build to Zero Together 2
FPT Build to Zero Together 3
Residential Project Modification of Construction Workers Camp and Household Waste Sorting Initiative
Frasers Property Home (Thailand) works with Baan Dek Foundation. The goal is to develop a sustainable quality of life for workers living with their families in construction camps. Baan Dek Foundation has developed a tool called Self Assessment Tool (SAT) by the Building Social Impact Initiative, a project to promote good social outcomes, to develop camps for construction workers in collaboration with companies that see the problem and have goals in the same direction.
In addition, the Company has initiated a project in cooperation with Recycle Day to sort household waste within its housing estate and send recycled waste to appropriate destinations for sustainable reuse according to the principles of the Circular Economy, which helps reduce the amount of greenhouse gas emissions into the atmosphere and alleviate global warming that results in climate change.
FPT Build to Zero Together 3
FPT Build to Zero Together 3

Sustainability Goals

Sustainable Development Journey

Sustainability Framework

Acting Progressively
Consuming Responsibly
Focusing on People
Innovation
Fostering an innovation culture that creates value and strengthens our competitive edge
Materials & Supply Chain
Achieving the sustainable management and efficient use of material along the supply chain
Community Connectedness
Considering social value principles for communities
Innovation
We foresee the opportunities from the situation of dynamic change in global technology. Therefore, we adapted our business strategies to gain the benefits from this situation, to increase business opportunities, and deliver valued experience to all stakeholders. In addition, the Company emphasizes all employees to adopt innovation and technology in their work process to improve the efficiency to respond to all stakeholders in the value chain.
94
training courses designed to enhance knowledge on innovation and process development in 2023
1,564
training hours on innovation in 2023
Materials & Supply Chain
The Company realizes the importance of supply chain management that covers environment, social, and governance aspects. Thus, we adhere to managing our supply chain efficiently, aiming to reduce the potential risks, sustain our business continuity, and drive our suppliers to sustainably grow along with us together. The Company promotes resource efficiency and environmentally friendly materials. This also includes our procurement that focuses on the local and domestic suppliers as a priority. It aims to create social value and promote the public interests of the community. Thus, we established a Business Code of Conduct that covers the material aspects related to the social, environment, and governance, as a framework for all suppliers.
100%
of new suppliers must sign acknowledgement to Responsible Sourcing Policy and complete vendor sustainability assessment survey by 2030
18.4%
of suppliers signed acknowledgement to Responsible Sourcing Policy in 2023
21.4%
of key suppliers received sustainability training in 2023
Community Connectedness
It is imperative to gain trust and acceptance from the community, thus the Company is determined to build a robust foundation for the community to prosper and grow sustainably together with its business. The Company has formulated a community engagement strategy that emphasizes on building better quality of life and environment that is appropriate for the socioeconomic context of such residing community. The Company also conducts community survey before the commencement of any property development to ensure that the community and project will sustainably grow together without any conflicts. During operation, the Company continuously monitors and analyzes concerns for further improvement.
2.52 million Baht
financial support contributed to communities in 2023
85.8%
average customer satisfaction score in 2023
2,905 hours
of employees engaged in community development initiatives
4,460,200 cc
accumulated blood donated to the National Blood Center, Thai Red Cross Society
Resilient Properties
Strengthening our resilience and climate adaptive capacity
Biodiversity
Enhancing the environment and ecosystem through our developments
Health & Well-being
Ensuring healthy and balanced work and community environments
Resilient Properties
The Company aims to operate by considering the changes that are related to business. For example, opportunities, customers’ behavior and emerging risks, as well as the issues regarding climate change and global warming which tend to have an impact on our business, including both physical risks and transition risks, as well as other threats. Thus, the Company emphasizes managing and planning on short-, medium-, and long-terms to strengthen our resilience and adaptive capability. This is to be prepared to respond to the events that may affect the business operations and ensure our business continuity.
Official commitment letter to reduce greenhouse gas emissions submitted to the Science Based Targets Initiative (SBTi)
Roadmap to net-zero carbon by 2050 is developed
Climate change adaptation and mitigation plans are aligned to the Task Force on Climate-related Disclosures framework
Biodiversity
The Company realizes that project development may cause direct and indirect impacts on the ecosystem and biodiversity. Thus, the Company considers the negative impacts on biodiversity and ecosystem in the business decision-making process and emphasizes on creating positive outcomes to its operating areas. The Company believes that these measures will enhance the well-being of residing communities as well as raise the public awareness on preserving the ecosystem and environment to co-exist among everyone in the community.
17%
of total areas of newly developed projects under the residential property business unit in 2023 is constituent as green areas
No project
developed in natural conservation areas
1,200
trees planted in new developed residential projects in 2023
Health and Well-being
An effective business operation requires engagement with the communities, employees, and customers. Therefore, the Company adopts the principle of “Focusing on People” with an intention to create good environment that enhances health and well-being, as well as occupational health and safety management. Moreover, the Company continually develops employees’ capabilities and leadership, especially on their creativity to innovate higher value products and services. The Company has a corporate culture that supports diversity and manage human resources in alignment with human rights principles.
66%
employee satisfaction score in 2023
Zero
work-related fatality for employee and contractor in 2023
Zero
lost-time injuries frequency rate for employee and contractor in 2023
Risk-based Management
Comprehensive assessment to address environmental, health and safety risks
Energy & Carbon
Increasing substantially energy efficiency and renewable energy used
Diversity & Inclusion
Empowering and promoting the social inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status
Risk-based Management
At present, most businesses are always facing rapid and uncertain changes in terms of strategy, finance, practices, rules and regulations including relevant laws as well as emerging risks. Thus, risk management of both internal and external factors plays a major role in driving its business to be more effective. This aims to minimize the negative impacts and severity that may arise to ensure that the Company is able to operate during a crisis. Meanwhile, it helps increase the business opportunity as well.
ESG risk assessment and management measures established
Emerging risks related to ESG aspects are identified with management plans
3,537 hours
of employee training on governance and ethics in 2023
Energy & Carbon
All business operations cause greenhouse gas (GHG) emission, both directly and indirectly, which is the cause of climate change. Therefore, the Company has set its target to reduce greenhouse gas emissions by aiming to limit the increase to 1.5 degrees Celsius in line with the Paris Agreement in accordance with the United Nations Framework Convention on Climate Change (UNFCCC). In addition, the Company realizes that effective energy management results in the reduction of operating costs. Moreover, it also reduces greenhouse gas emissions that arise from its business operations or our stakeholder’s activities.
1.5%
electricity consumption intensity reduction compared to 2021 baseline
10.5%
of greenhouse gas emission reduction across scope 1,2 and 3 compared to 2021 baseline
48.4 MWh
renewable energy consumption in 2023
Diversity & Inclusion
The Company respects the rights of all employees as it recognizes that employees are important resources to add value to its business, create productivity, competitiveness, credibility, and reputation. Therefore, the Company has promoted human rights practices that align with the international human rights principles, which respects all individuals regardless of gender, nationality, race, ethnicity, skin color, religion, language, social status, laws, local customs, or any country in which the Company invests or is involved.
No
significant complaints relating to human rights in 2023
52.6%
female to male employee ratio; gender-balanced workforce
29%
female representation in top executives in 2023
Responsible Investment
Incorporating social, environment and governance criteria in the evaluation process
Waste
Reducing substantially waste generation through prevention, reduction, recycling, and reuse
Skills & Leadership
Developing skills and leadership programmes that support productive activities, creativity and innovation to deliver high-value products and services
Responsible Investment
With the purpose of developing business continuously, while being able to meet the needs of customers, tenants, and investors who are concern about the environment, social, and governance (ESG), the Company has applied the principles of eco-design to the existing and developing projects in each business units. The Company aims to invest in developing and enhancing our existing properties and new development projects to meet the national or international green building standards. This is a business opportunity to increase competitiveness and resilient properties.
100%
of new buildings are certified by the green building standards
62%
of assets under commercial property and industrial property business units are green building certified
2
new projects were certified by green building standards in 2023
Waste
The Company is aware of the importance of waste management because the impact of inefficient waste management system from upstream to downstream can affect the environment and society as well as the reputation of the Company. Therefore, the Company emphasizes on the effectiveness of waste management by applying the principle of 3Rs, which is reduce, reuse, and recycle, as well as creating awareness for all employees regarding waste minimization and waste recycling. This not only decreases the volume of waste disposed to landfill but also reduces operating costs and environmental impacts.
162.8 tons
of waste were diverted from landfills in 2023
Waste sorting
project launched at the corporate head office
Waste segregation
is encouraged in all business units
Skills & Leadership
The Company prioritizes the development of employees’ skills, knowledge, and capabilities. Thus, we have developed a human capital development plan that is suitable for individual job positions. The Company aims to provide a challenging opportunity for all employees to grow in their career path through a learning process, along with the development of core competencies. In addition, the Company aims to create a corporate culture that emphasizes 4 core values including Collaborative, Respectful, Progressive, and Real. This is to drive the organization to achieve its goal of becoming “A Fully Integrated Real Estate Developer”.
19.23 million Baht
total investment in employee training
58 hours
per FTE per year of employee training in 2023
22,136
employee training hours on sustainability topics
Water
Increasing substantially water efficiency and the recycling and safe reuse of water discharged
Water
Water is a vital resource for all stakeholders. Thus, the Company emphasizes on the importance of water management in our activities. For instance, adopt the eco-design buildings criteria by selecting water-saving fixtures, select drought-tolerant plants for the project areas, conduct assessment of water-stress area to prevent water shortage, and monitor flooding event. In addition, the Company strictly complies with relevant laws to monitor and control effluent quality before discharging to natural water ways, aiming to protect natural water resource.
0.4 m3 / m2
of water consumption intensity in 2023
556,910.6 m3
of water recycled / reused in 2023

Awards

Global Real Estate Sustainability Benchmark (GRESB) 2020-2023:
  • - Public Disclosure A Level
  • - 2 Stars Rating for Standing Investment
Stock Exchange of Thailand ESG Ratings 2023: AA level
Corporate Governance Report of Thai Listed Companies 2020-2023: CGR 5 stars "Excellent"
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