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BIZ GUEST

Frasers Property will continue to actively with the SP Group, a leading energy utility Green and sustainable financing is part
explore opportunities to strategically scale group from Singapore, to develop and of our Group’s multi-pronged approach to
our portfolio in growth areas. With deep implement integrated smart energy solu- responsible investment. In FY 2023, Frasers
local knowledge and relationships, we will tions at our Binh Duong Industrial Park. Property arranged 12 green or sustain-
continue to tap the wider capabilities This collaboration will accelerate the adop- ability-linked loans amounting to approx-
within the Group to deepen our presence tion of sustainability practices and will imately $3.5 billion. We believe that the
in Vietnam. benefit our tenants with improved energy green and sustainable financing scene will
efficiency and resilience. continue to be developed at a rapid pace
% Focusing on ESG (environmental, in Vietnam. Given our strong commitments
social, governance) practices to enable % Frasers Property has also continued on the ESG front, we will continue to work
sustainable and resilient growth remains to expand its green and sustainable financ- with both foreign and local financiers to
at the core of Frasers Property’s strategy. ing portfolio. How will this be imple- incorporate and build our green financing
What is it doing to boost its ESG activities mented in Vietnam in the year to come? portfolio where relevant and possible. %
in Vietnam?
We take a progressive and collaborative
approach to ESG stewardship, to create
long-term value for our stakeholders.
Across our developments, we adopt
industry-leading energy management prac-
tices to further improve the sustainability PHOTOS: FRASERS PROPERTY VIETNAM
credentials of our properties, with the aim
of green-certifying 100 per cent of our
portfolio in Vietnam. This is important, as
green certification enables us to affirm the
progress that we are making along our
sustainability journey.
For instance, in the commercial segment,
our Grade A office building in the heart of
Ho Chi Minh City’s CBD, Melinh Point,
was awarded Green Mark Platinum certi-
fication from Singapore’s Building and Con-
struction Authority (BCA), a first for oper-
ational office buildings in Vietnam, and is
pursuing a second certification for LEED
Platinum standards, while Worc@Q2 has
achieved LEED Gold certification.
On the industrial front, the Eco Logistics
Centre, a ready-built warehouse develop-
ment that we manage, has also obtained
LEED certification, while our very own
Binh Duong Industrial Park is on track to
receive the same LEED certification, while
we aim to achieve a minimum of LEED
Silver certification for our industrial and
logistics facilities in northern Vietnam.
As part of our efforts to further elevate
our ESG performance, we intend to pro-
gressively expand the use of renewable
energy with the installation of rooftop solar
photovoltaics, allocate renewable energy
to street lighting, introduce energy and
water efficient fittings, and tackle embodied
carbon in the construction materials we
use for our projects.
Our approach has earned us the dis-
tinction of being the first real estate com-
pany in Vietnam to obtain Science Based
Targets initiative (SBTi)’s approval for our
science-based targets to significantly reduce
our greenhouse gas emissions. We have
also received a four-star rating from GRESB
in recognition of our efforts to date. We
are confident that we will, in time, be able
to raise our ratings from four stars to five
stars (in Standing Investments). + Melinh Point, a Grade A office building in the CBD of Ho Chi Minh City,
In 2023, we announced a collaboration with LEED PLATINUM Certification - the highest level awarded for green buildings.

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