Potential offtaker

Link Real Estate Investment Trust

www.linkreit.com

Estimated electricity consumption

N/A

Countries of production presence

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LINK REIT is a leading real estate investment trust (REIT) in Hong Kong that specializes in the management and development of retail and commercial properties. Established in 2005, the company has a portfolio of over 130 properties across Hong Kong, Mainland China, and the United Kingdom, with a total asset value of HKD 200 billion.

As a responsible corporate citizen, LINK REIT is committed to promoting sustainable development and decarbonisation in its operations. The company has set ambitious targets to reduce its carbon footprint and energy consumption, and has implemented a range of initiatives to achieve these goals.

One of the key initiatives undertaken by LINK REIT is the adoption of renewable energy sources. The company has installed solar panels on the rooftops of several of its properties, which generate clean energy to power the buildings. In addition, LINK REIT has signed corporate power purchase agreements (PPAs) with renewable energy providers, which enable the company to purchase green electricity at a fixed price over a long-term period. These PPAs not only help to reduce the company's carbon emissions but also provide stable and predictable energy costs, which can help to improve the company's financial performance.

LINK REIT has also implemented a range of energy efficiency measures across its properties, such as the installation of LED lighting and the optimization of heating, ventilation, and air conditioning (HVAC) systems. These measures have helped to reduce the company's energy consumption and operating costs, while also improving the comfort and well-being of tenants and customers.

In addition to its own operations, LINK REIT is also committed to promoting sustainability and decarbonisation across its supply chain. The company has established a sustainability framework that includes guidelines for suppliers and contractors, which require them to adhere to strict environmental and social standards. LINK REIT also works closely with its tenants to promote sustainable practices, such as waste reduction and recycling, and provides them with resources and support to help them achieve their sustainability goals.

As part of its commitment to decarbonisation, LINK REIT has also set targets to reduce its greenhouse gas emissions and carbon intensity. The company has pledged to achieve carbon neutrality by 2050, and has set interim targets to reduce its carbon emissions by 30% by 2030 and 70% by 2040, compared to its 2019 baseline. To achieve these targets, LINK REIT will continue to invest in renewable energy, energy efficiency, and other decarbonisation measures, and will work closely with stakeholders to promote sustainable development and decarbonisation across its operations and supply chain.

In conclusion, LINK REIT is a leading real estate investment trust in Hong Kong that is committed to promoting sustainable development and decarbonisation in its operations. The company has implemented a range of initiatives to reduce its carbon footprint and energy consumption, including the adoption of renewable energy sources, the implementation of energy efficiency measures, and the promotion of sustainable practices across its supply chain. With its ambitious targets and commitment to sustainability, LINK REIT is well positioned to lead the way in the transition to a low-carbon economy and a more sustainable future.

✓ Declared Net Zero commitment