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Frasers Property’s hotel management arm Frasers Hospitality 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.
This makes Fraser Hospitality the first GSP-rated hospitality portfolio in Australia.
The company’s 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 five-star rating in the recent GRESB 2024 assessment.
A broach range of key factors
Frasers Hospitality’s 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.
A regional leader
Frasers Hospitality also recently attained the Regional Sector Leadership in the Asia /Hotel category awarded by GRESB with a five-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.
Frasers Hospitality chief executive Eu Chin Fen said of the double milestone: “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.”
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