Frasers Hospitality, a strategic business unit of Frasers Property Limited (Group), reinforced its stewardship in responsible tourism with the recent award of Building Research Establishment Environmental Assessment Method (BREEAM) In-Use (BIU) certifications. The certifications, aimed at providing a clear and credible route map to improving sustainability for existing buildings, were attained by its owned portfolio1in Europe, contributing positively towards the ESG goals set by the Group.
Leading the Way with Green Building Certification
The eight properties that obtained the BIU certifications are located in Germany, Spain and the United Kingdom (UK) and include Capri by Fraser, Barcelona, Fraser Suites Glasgow, Fraser Suites Edinburgh, Fraser Suites Kensington, London, Fraser Suites Queens Gate, London, Fraser Place Canary Wharf, London, Park International Hotel, London and Fraser Suites Hamburg. Two remaining owned properties in the European portfolio, Capri by Fraser, Berlin, and Capri by Fraser, Frankfurt, are in the process of obtaining the BIU certifications this year.
Ms. Eu Chin Fen, Chief Executive Officer of Frasers Hospitality said, “Sustainability is core to Frasers Hospitality and is integral to our purpose and mission. The BIU certifications are a testament to our commitment to reducing the environmental footprint of our operations. They are a validation of our capabilities to strengthen the resilience of our portfolio and future-proof our business. The certifications also serve as an important milestone as we accelerate our progress towards attaining our green building certification goal by 2030, in line with the
1Includes owned assets in operations and/or under development held by Frasers Hospitality International Pte Ltd and Frasers Hospitality Trust
Group’s ESG goals. We remain committed to fostering positive impacts on the destinations and local communities where we invest and operate.”
The green building certifications affirm Frasers Hospitality’s commitment to design, develop and manage hospitality assets responsibly to positively contribute to environmental protection and social sustainability outcomes. This commitment is underscored by the collection of green building certifications attained by 40 percent of the owned portfolio by gross floor area, with the remaining ones on track to attain the certifications in the coming years.
Navigating the ESG Pathway
Beyond the newly attained green building certifications, the owned UK portfolio has also been accredited by Green Tourism2for its approach and practices towards sustainability and is fully powered by renewable energy. Other key ESG initiatives across properties globally include:
- Adoption of sustainable eco-friendly linen and paperless in-room guides to reduce environmental footprint;
- Reduction in plastic waste through the elimination of single-use plastics in rooms and food and beverage outlets;
- Engagement and partnership of responsible suppliers to build a responsible and resilient supply chain through sustainable procurement;
- Implementation of food waste management and recycling programme; and • Participation in a variety of community engagement initiatives such as charity fundraising, community clean-ups, tree planting programmes and blood donation drives.
Frasers Hospitality continues to build a portfolio of sustainable assets as a key investment strategy to deliver long-term social and economic benefits and strives to address pressing environmental challenges through its vision and approach, thereby contributing to a more sustainable and resilient environment for current and future generations of travellers. Being part of Frasers Property, its efforts are aligned with the Group’s ESG goals which include achieving net zero carbon by 2050 and having 85 percent of the Group’s owned and asset
managed properties be either green-certified or pursuing green certification by 2030, among others. Frasers Hospitality remains committed to inspiring meaningful and sustainable travel experiences as it makes progress on its decarbonisation journey and advancing the Group’s ESG goals.