Frasers Property's stock surged 3.11% during intraday trading on Tuesday, marking a significant upward movement for the real estate company.

The price increase appears to be driven by the announcement that ANZ has supported Frasers Property in bringing an updated Sustainable Finance Framework to market. ANZ acted as the sole sustainability coordinator for this refreshed framework, which is designed to guide the company's future green, social, and sustainability-linked financing initiatives.

According to the company, green and sustainable financing already accounts for approximately 61% of its total group borrowings. The updated framework is intended to further support its environmental, social, and governance (ESG) goals, including decarbonisation, renewable energy installation, and obtaining green certification for its properties.