Frasers Hospitality, a strategic business unit of Frasers Property, announced that it has received a 1-star  Green Star Performance (GSP) portfolio rating by the Green Building of Council of Australia (GBCA) for its  owned portfolio in Australia.

Its commitment to raising sustainability standards across its global portfolio is  also further affirmed by its recognition as a Regional Sector Leader in the Asia/Hotel category and 5-Star  rating in the recent GRESB 2024 assessment. 

First GSP-Rated Hospitality Portfolio in Australia 

Frasers Hospitality’s 1-star GSP portfolio rating recognises the efficiencies achieved across a broad range  of factors including water and energy for its owned portfolio in Australia, comprising five properties namely,  Capri by Fraser Brisbane, Fraser Suites Perth, Fraser Suites Sydney, Novotel Sydney Darling Square, and  Novotel Melbourne on Collins. Founded by the GBCA, Green Star is an internationally recognised rating  system that sets benchmarks for healthy, resilient, positive buildings and places in Australia. 

Aligning with Frasers Property’s Group Environment, Social and Governance (ESG) Goals, Frasers  Hospitality endeavours to elevate its portfolio and property rating in the coming years with further reduction  in energy and water consumption through improved efficiencies. 

Regional Sector Leader in GRESB 

Frasers Hospitality has also recently attained the Regional Sector Leadership in the Asia /Hotel category  awarded by GRESB with a 5-Star rating in the 2024 assessment. This is an affirmation of Frasers  Hospitality’s ongoing commitment to improving the overall ESG performance of its portfolio. As a globally  recognised industry benchmark, GRESB remains an important indicator of Frasers Hospitality’s ESG  performance relative to its peers. 

“The dual achievement of Green Star Performance portfolio certification in Australia and the GRESB 2024  Regional Sector Leadership award underscores Frasers Hospitality’s commitment to integrating  sustainability throughout our portfolio whilst maintaining hospitality excellence. This marks a significant  milestone in our long-term sustainability journey as we continue to drive sustainable and responsible hospitality development within our portfolio,” said Ms Eu Chin Fen, Chief Executive Officer of Frasers Hospitality. 

Frasers Hospitality’s efforts are aligned with the 6 Group ESG Goals, which include achieving net-zero  carbon by 2050 and having 85% of the Group’s owned and asset-managed properties be either green certified or pursuing green certification by 2030. Frasers Hospitality continues to build a portfolio of  sustainable assets as a key investment strategy and strives to reduce the environmental impact of its  spaces for the benefit of current and future generations of travellers.

As of 30 September 2024, 81.9% of Frasers Hospitality’s owned portfolio by gross floor area has attained  or is pursuing green building certification. These green building certifications affirm Frasers Hospitality’s  commitment to design, develop, and manage hospitality assets responsibly, contributing to environmental  protection and social sustainability outcomes.

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