ANZ today announced it has supported Frasers Property Limited (Frasers Property) in bringing its updated Sustainable Finance Framework to market.
Frasers Property is a SGX-ST listed, multinational investor-developer-manager of real estate products. Its diversified portfolio spans five asset classes including commercial and business parks, hospitality, industrial and logistics, residential and retail, and operates across Asia, Australia and Europe.
Frasers Property's refreshed is expected to guide the company's future issuances of sustainable finance instruments for green, social and sustainability-linked financing transactions.
ANZ acted as Sole Sustainability Coordinator for the refreshed Framework.
ANZ Head of Sustainable Finance, International, Stella Saris Chow said: "We are pleased to support our longstanding client Frasers Property in strengthening its Sustainable Finance Framework. This refresh reflects their commitment to responsible investment and sustainable growth.
"Our teams are focused on delivering market-leading advice and expertise, building on ANZ's reputation as a leading provider of sustainable finance across our 29 markets," Ms Saris Chow said.
Green and sustainable financing makes up around 61% of Frasers Property's total borrowings across the Group. Its Sustainable Finance Framework aligns with the latest key international standards1, and has been externally assured to enhance transparency and credibility in Frasers Property's sustainable financing approach.
Frasers Property, Group Treasurer, Mike Tan said: "We are pleased to be working with ANZ to achieve this next phase of our sustainability ambitions. The refreshed framework will help guide us and our subsidiaries to issue sustainable debt instruments, supporting our transition to a more sustainable future.
"We look forward to delivering on the approach set out in the framework and continuing to embed responsible investment across our business."
