Frasers Property Limited has launched its inaugural Climate and Nature Transition Plan (CNTP), marking a significant step in its commitment to environmental, social, and governance (ESG) goals. The plan outlines the company’s approach to managing climate and nature-related risks and opportunities, aiming to bolster resilience across its global markets.
The CNTP introduces a Climate Value at Risk platform, developed in-house, which quantifies the company’s exposure to climate risks. This tool will guide adaptation planning and investment decisions. The plan also details Frasers Property’s decarbonisation pathways, focusing on renewable energy, energy-efficient initiatives, and reducing embodied carbon. Notably, the company has already reduced its Scopes 1 and 2 emissions by over 20% from its FY19 baseline.
Wanshi Zheng, Group Chief Strategy & Sustainability Officer, emphasised the importance of integrating nature and climate considerations, stating, “We hope to bring our stakeholders, including our partners and value chain, on board this journey in support of sustainable value creation together.”
The CNTP also includes a preliminary scan to identify nature-related dependencies and impacts, which will inform the development of a Group Nature Framework. This framework will guide governance, metrics, and implementation as Frasers Property prepares for future disclosures aligned with the Taskforce on Nature-related Financial Disclosures.
Frasers Property’s initiative underscores its commitment to achieving a net-zero carbon and nature-affirming future, setting a precedent for industry-wide collaboration in sustainable development.
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