Frasers Property (Thailand) Public Company Limited

Frasers Property (Thailand) Public Company Limited, based in Thailand within the Real Estate Services industry, has committed to significant greenhouse gas emission reductions. For the reporting year 2024, the company reported total emissions of approximately 409.9 million kg CO2e. This includes Scope 1 emissions of about 1.52 million kg CO2e, Scope 2 emissions of approximately 17.53 million kg CO2e, and substantial Scope 3 emissions totalling around 390.81 million kg CO2e. The primary driver of these Scope 3 emissions is the use of sold products, followed by downstream leased assets.

In 2023, the total emissions were approximately 469.1 million kg CO2e, comprising about 1.75 million kg CO2e for Scope 1, around 17.74 million kg CO2e for Scope 2, and roughly 449.56 million kg CO2e for Scope 3. The preceding year, 2022, saw total emissions of approximately 515.18 million kg CO2e, with Scope 1 at about 0.60 million kg CO2e, Scope 2 at approximately 19.53 million kg CO2e, and Scope 3 at around 495.05 million kg CO2e. Prior to that, in 2021, total emissions were approximately 583.08 million kg CO2e, with Scope 1 at about 2.45 million kg CO2e, Scope 2 at around 17.08 million kg CO2e, and Scope 3 at approximately 563.56 million kg CO2e.

Frasers Property (Thailand) Public Company Limited has set Science Based Targets initiative (SBTi) approved near-term reduction targets. They commit to reducing absolute Scope 1 and 2 greenhouse gas emissions by 42.3% by FY2030 from a FY2021 baseline year. Additionally, they commit to reducing absolute Scope 3 greenhouse gas emissions by 42% within the same timeframe. These targets are aligned with a 1.5°C warming scenario. For 2024, the company is noted as being on track for their Scope 1 and Scope 3 near-term targets, but not for Scope 2.