This year’s World Tourism Day focused on the theme of “Rethinking Tourism”, calling for the hospitality sector to reassess and reinvent how the industry can deliver positive change for people while addressing climate change. The United Nations Secretary-General António Guterres also urged deeper investment in sustainable tourism to build resilience and protect our planet. As many countries ease into recovery following the impacts of the COVID-19 pandemic, the world is heralding a new era of responsible tourism that can change the world for good and enable countries and businesses to emerge stronger than ever
With our agile workforce and the right sustainability foundations, FHT stands ready to contribute to this transformation. We strive to deliver tangible progress in environmental, social and governance aspects, guided by the three pillars of our Sponsor’s Sustainability Framework of Acting Progressively, Consuming Responsibly and Focusing on People.
In the financial year ended 30 September 2022 (FY2022), we embarked on a gap analysis exercise to assess our alignment with the Monetary Authority of Singapore (MAS) Guidelines on Environmental Risk Management. We maintained our active pursuit of green building certifications across properties, in line with our Sponsor’s Group goal of green-certifying 80% of our owned and managed assets. We also intensified our energy and decarbonisation efforts, including being part of Frasers Hospitality’s commitment to World Wildlife Fund (WWF) Singapore’s Plastic ACTion (PACT) initiative to move towards a circular economy. These support our Group’s goal to be a net-zero carbon corporation by 2050, and aligns with the Singapore Hotel Sustainability Roadmap launched in 2022 by the Singapore Hotel Association and Singapore Tourism Board in 2022 to enable the industry to integrate sustainability as a core value within the hotel ecosystem. The holistic well-being of our guests, employees and local communities remains our top priority, and we devote significant resources to training, engagement and community connectedness initiatives that enable a safe and healthy lifestyle.
Our efforts have borne fruit – demonstrated by FHT’s improved performance in the 2022 GRESB Real Estate Assessment, which we adopt to benchmark our sustainability performance against credible international standards. We recorded a significant improvement in our score and were ranked third in the ‘Asia Pacific Hotel - Listed' category, testament to efforts across all environmental, social and governance (ESG) aspects within the assessment, particularly in expanding data monitoring and reporting disclosures data monitoring.
We build on this momentum in implementing positive changes in our operations and investment decisions.
With the support of the FHT Sustainability Task Force and our Sponsor, FHT Board of Directors (Board) continues to carry out its responsibilities in determining, monitoring and managing our material ESG issues, providing strategic directions on sustainability as well as overseeing the standards, management processes and strategies needed to achieve sustainability targets for the business.
We invite you to read more about our progress in FHT’s eighth Sustainability Report. Thank you for your trust and support in our journey so far. We look forward to working as one to harness the power of sustainable tourism to accelerate shared sustainability outcomes.
Board of Directors
Frasers Hospitality Asset Management Pte. Ltd.
REIT Manager of Frasers Hospitality Real Estate Investment Trust
Frasers Hospitality Trust Management Pte. Ltd.
Trustee-Manager of Frasers Hospitality Business Trust
You can download FHT's Sustainability Reports from the links below: