Frasers Property Limited (FPL) has committed to being a net-zero carbon corporation by 2050, making it the first SGX-listed real estate company to do so.

The commitment is part of the five new sustainability goals FPL established in FY2020 ended September.

“Delivering a sustainable impact – for our planet, people and communities has never been more important. As a multinational business, we want to do our part to address the world’s most urgent sustainability challenges and act on climate change,” says Panote Sirivadhanabhakdi, group CEO of Frasers Property Limited.

SEE: Frasers Commercial Trust spurns offer to invest in Frasers Tower

“Sustainability is one of our core capabilities and we are targeting carbon neutrality across our properties by 2050, which is part of five sustainability goals driving our group-wide businesses.”

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“We have further mapped out a sustainability roadmap to incorporate environmentally and socially friendly practices throughout the entire value chain – from investment to design, development and operations – with a focus on carbon reduction, energy efficiency and innovative solutions. We will continue to enhance our business processes and practices, as we stay committed to creating places for good and inspiring experiences that matter to our stakeholders,” Sirivadhanabhakdi adds.

As at 9.42am, shares in FPL are trading 1 cent lower or 0.8% down at $1.27.