- Frasers Centrepoint Trust (FCT) gets ‘AA’ MSCI ESG Rating.
- FCT leads in managing ESG risks and opportunities.
- 100% of FCT’s portfolio certified to green building standards.
Frasers Centrepoint Trust’s upgrade to ‘AA’ MSCI ESG Rating shows its strong commitment to sustainability.
1 Key Term Simplified
- ESG (Environmental, Social, and Governance), is a way to see how a company is doing good things for the planet, people, and how it’s being run.
FCT Achieves Top ESG Rating
Frasers Centrepoint Trust (FCT) got an ‘AA’ rating in the MSCI ESG Rating on 26 June 2024.
MSCI published it in their latest ESG Rating report on 31 July 2024.
This new rating is better than FCT’s old ‘A’ rating.
The upgrade shows FCT is doing well in handling environmental, social, and governance (ESG) risks.
Frasers Centrepoint Trust is now a leader among its peers in the MSCI All-Country World Index.
Here are some key highlights to note:
- FCT started its ESG journey in May 2020.
- It got an ‘A’ rating by May 2022.
- MSCI published the latest ESG Rating report on 31 July 2024.
FCT’s Strong ESG Performance
As quoted in Frasers Property’s press release, “The ‘AA’ rating recognises FCT as a leading company among its peer group in managing the most significant environmental, social and governance (ESG) risks and opportunities.”
Frasers Centrepoint Trust’s upgrade is due to good practices in several areas.
These include talent management, business ethics, and green building initiatives.
FCT has grievance reporting channels and gives training in business ethics.
FCT joined the Straits Times Index on 18 March 2024.
Take a look at this quick table for a clear overview:
| ESG Area | FCT’s Achievement |
|---|---|
| Talent Management | Improved practices |
| Business Ethics | Comprehensive training |
| Green Building | 100% portfolio certified |
| Corporate Governance | Enhanced practices |
FCT’s Portfolio and Sustainability Efforts
Frasers Centrepoint Trust owns nine high-quality suburban retail malls in Singapore.
These malls cover about 2.7 million square feet.
The malls have over 1,600 leases for essential services and food.
FCT has certified 100% of its portfolio to green building standards.
Here are some of FCT’s sustainability efforts:
- Waste management partnerships
- Solarisation efforts
- Inclusion Champions programme
Impact of the ESG Rating Upgrade
As mentioned by Frasers Property, “FCT leads most global peers in business ethics practices, including policies on bribery and anti-corruption.”
The upgrade is likely to boost Frasers Centrepoint Trust’s reputation.
It may also increase investor confidence in FCT.
This could lead to more market share and financial growth for FCT.
FCT’s focus on sustainability may help it get more investments in the future.
FCT’s ‘AA’ MSCI ESG Rating shows it’s a leader in managing ESG risks and opportunities in the real estate sector.
