Frasers Centrepoint Limited (FCL) is an international real estate company listed on the Main Board of the Singapore Exchange (SGX), with total assets of approximately S$25 billion as of June 2017. The company develops, owns, and manages residential, commercial, retail, and industrial properties across Singapore, Australia, China, Southeast Asia, and Europe. FCL’s hospitality business extends even further, spanning over 80 cities across Asia, Australia, Europe, and the Middle East.
As one of Singapore’s top property companies, FCL keeps a close pulse on market trends, with sustainability consistently emerging as both a key risk and a strategic opportunity. Understanding its role in shaping the spaces people live and work in, FCL integrates sustainability into every aspect of its business. By enhancing well-being, productivity, and enjoyment for users while minimizing environmental impact, FCL demonstrates its commitment to responsible urban development.
Pioneering Environmental Sustainability in Real Estate
The built environment contributes to 40 percent of the world’s total energy consumption and 24 percent of global carbon emissions. As a multinational property owner and manager, FCL is in a unique position to drive positive change. To achieve its sustainability goals, the company has adopted a two-pronged approach—greening the hardware (buildings) and software (mindsets).
FCL has been a trailblazer in green building development since receiving its first BCA Green Mark award in 2006. The company actively incorporates energy efficiency measures into its building designs and invests in renewable energy solutions where possible. As a result, its buildings in Singapore consistently rank among the BCA Top 10 energy-efficient buildings, while in Australia, it manages the country’s largest portfolio of Green Star-certified spaces.
Central Park Sydney: A Model for Green Urban Living
A testament to FCL’s commitment to sustainability is its landmark Central Park Sydney mixed-use development. Featuring an on-site tri-generation, low-carbon natural gas power plant and a recycled water network, the development sets new standards for urban sustainability. It also boasts the largest green façade ever built on a residential tower in Australia and the world’s first light-reflecting heliostat system on a residential building. With these innovations, One Central Park—a residential tower within the development—was named the Best Tall Building Worldwide in 2014 by the Council on Tall Buildings and Urban Habitat.
Encouraging Green Behavior Through Thoughtful Design
Beyond developing sustainable buildings, FCL actively promotes eco-friendly mindsets among its stakeholders. The company designs spaces that encourage green behavior and interaction with nature. Frasers Tower in Singapore and One Bangkok in Thailand are prime examples of this approach. Frasers Tower is uniquely positioned within a park to blend workspaces with nature, while One Bangkok is set to become the first development in Thailand to target LEED Platinum certification for Neighbourhood Development.
FCL also engages with its stakeholders through various sustainability initiatives. Its hospitality arm, Frasers Hospitality, partnered with WWF to launch the ‘Just One’ hotels program in 2016, with a goal of raising at least $3 million for WWF by 2020.
A Worthwhile Investment in the Future
While implementing green practices requires significant investment, FCL sees sustainability as an essential part of its role as a responsible corporate citizen. By continuously innovating and integrating sustainability into its developments, FCL is not only future-proofing its business but also contributing to a greener and more livable world.
