Frasers Logistics & Commercial Trust (FLCT), Suntec REIT and Keppel Land, the property arm of Keppel Corporation, have been recognised for their sustainability efforts in the 2020 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment.

The GRESB is the global environmental, social and governance (ESG) benchmark for real estate, where it assesses and benchmarks the ESG performance of global assets and monitors their progress towards global sustainability goals.

In the assessment, FLCT was recognised as the ‘Industrial – Global Listed Sector Leader’ for the third consecutive year as it achieved an overall score of 87 out of 100 for its industrial portfolio in Australia, Germany and the Netherlands.

<hr/><i><strong>See: <a href="https://www.theedgesingapore.com/news/results/frasers-logistics-commercial-trust-posts-835-higher-distributable-income-611-mil-3q20"  target="_blank">Frasers Logistics & Commercial Trust posts 83.5% higher distributable income of $61.1 mil in 3Q20 business update</a></strong></i><hr/>

“We are thrilled that FLCT has been recognised for the third year running as a global leader in industrial sustainability performance as it bears testament to our continued focus on sustainability,” says Robert Wallace, CEO of FLCT’s manager.

“Our commercial portfolio also demonstrated a commendable showing this year, retaining its four-star GRESB rating and Green Star status. As one of the largest REITs listed on the Singapore Exchange, we believe that our integration of ESG factors into our business strategy not only demonstrates our commitment to a green future, but also brings sustainable commercial benefits to our properties, which will contribute to long-term value for our stakeholders,” Wallace adds.

Suntec REIT achieved the GRESB 5 Star Rating in its inaugural submission, the highest rating and recognition for being an industry leader on sustainable practices.

“As an internationally recognized benchmark, GRESB 5 Stars is the highest rating and recognition for being an industry leader. The result is an acknowledgement of Suntec REIT’s commitments towards sustainability practices, the positive impact made to the community and the environment as well as our investment in people,” says Chong Kee Hiong, CEO of Suntec REIT’s manager.

“We believe in the importance of integrating sustainability into our business strategies and operations and will continue this relentless effort to deliver sustainable growth and long-term value to Suntec REIT unitholders,” Chong adds.

Keppel Land, in 2020, ranked third in the Diversified - Office/Residential/Core category due to its strong ESG performance and second in the Global / Diversified - Office/Residential category. The latter evaluates companies’ responses to climate-related risks and opportunities.

Separately, Keppel Land, together with Keppel REIT, retained their Green Star status, which recognises businesses with “commendable scores” across the benchmark’s ESG components.

Keppel REIT also retained its “A” rating for public disclosure in GRESB’s 2020 assessment.

“Keppel’s recognition in GRESB reflects our continuous efforts to drive ESG improvements. In line with Vision 2030, we have put sustainability at the core of our strategy, and are committed not only to running our businesses sustainably, but to making sustainability our business by providing solutions that contribute to a cleaner and greener world,” says Loh Chin Hua, CEO of Keppel Corporation.

As at 10.53am, units in FLCT, Suntec REIT and Keppel REIT are trading at $1.35, $1.55 and $1.07 respectively, while shares in Keppel Corporation are trading at $5.38.

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