Environment
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Environment

 "Minimise our environmental footprint and strive to be a community leader in making a positive impact on the environment." 
 By measuring and reporting our performance, we can improve the way we do things on our projects, in our offices and in our communities to create new benchmarks. We are committed to reducing our environmental impact and strives to be a community leader in making a positive impact on the environment. 

 
Maintaining Good Environmental Stewardship

Combating Climate Change - Reducing Carbon Footprint

The recent increase in extreme weather events has provided a clear signal to many companies around the world of the risks associated with climate change.  In Hong Kong, these events include heavier and more intense rainfall, as well as increasing number of hot days each year. As one of the largest retail property owners and managers in Hong Kong, Link plays a critical role in local response to global climate change through our electricity consumption, water consumption and waste management at our properties.  Combating climate change by reducing carbon emissions remains a priority. 

 

Approach:

       ·      Developed strategic programmes to reduce our carbon footprint and adopt measures to cultivate behavioural change and raise awareness in the community

·     Collect in-depth details on how we use electricity including evaluating management techniques, collating energy bills and utilising a comprehensive BMS

·     Compare our facility energy performance with global benchmarks to identify how we improve energy efficiency across housekeeping, operations, maintenance and capital works


Targets:

     ·           Reduce carbon footprint of our operations and developments by achieving a 35% reduction in carbon emissions of our operations by 2020 (based on FY2010) 

 

Highlights:

      ·       Overall 20/30 progress of energy consumption resulted in an 4.3% year-on-year reduction in energy consumption, corresponding to a 31.3% cumulative reduction in energy consumption compared to the 2010 level

·     Total CO2e emissions were 12.84 tons (comprising scope 1, 2 and 3 emissions) for 2017/2018

·       Like-for-like comparison- total carbon intensity for our portfolio was 12.84 kg CO2e/sq ft, a increase of 1.02% compared to 12.71 kg CO2e/sq ft in 2016/2017. We have extended our scope 3 emissions to include air travel and water consumption which was 653 tonnes

       ·         Energy intensity at our offices was 1,528.95 kWh per full time employee in 2017/2018


Capturing Green Building Opportunities

Link’s commitment to quality, innovation and green building has strengthened our brand promise, enhanced brand equity and created greater value for our communities, tenants and investors.


To capture green building opportunities, building energy consumption is one of the major contributors to Hong Kong’s total carbon footprint. Link has actively considered and adopted green building practices and obtained certifications to improve the energy and operational efficiency of our portfolio.  In 2012, we completed an asset enhancement project at Stanley Plaza and attained the BEAM Plus platinum certification (highest rating). Since then, green building practices have been incorporated into our renovation and operational guidelines for tenants.


Approach:

·      Develop green buildings and maintain internationally and locally recognised green certifications


 

Highlights:

·      The Quayside, our joint venture project with Nan Fung Development at 77 Hoi Bun Road in Kowloon East, a Grade-A commercial complex under development, envisions a welcoming, healthy and sustainable office architecture at the heart of Kowloon East, Hong Kong's newest CBD. For its commitment to environmental sustainability and wellness, The Quayside, has received LEED platinum, BEAM Plus platinum and WELL gold pre-certifications 

· ​     As of early 2016, nine of our properties (including seven destination properties) have undergone energy audits based on the National Australian Building Environment Rating System (NABERS)

·        Our acquisitions in Shanghai (Link Square 1 & 2) is a LEED Platinum Existing Building rated and 700 Nathan Road, Mongkok will seek BEAM Plus Interiors silver and rating as well. ​


Building Resilience and Adaptation to Extreme Weather

The increase in both frequency and severity of extreme weather events make it indispensable for corporate to formulate longer term resilience and adaption strategies to adapt to unexpected ecological events.


Link regularly examines the resilience of our properties to weather and climate-related extreme events, in particular, floods and hot weather. We look at how improvements can be made by comparing the options available and considering the fundamental building blocks for resilience. We conduct research to improve the understanding of risks from current weather and to model future climate change impacts as to provide relevant information for management.

 

Approach:

·      Assess the exposures of our assets, operations and projects to climate change impacts

·      Create mitigation plans that build resilience into our communities and business

·      Design and adapt operations to respond to climate change impacts

 


Engaging Tenants to Save Energy


Link’s total CO2e footprint comprises mainly scope 2 emissions from energy consumption (indirect emissions from purchased energy) for air conditioning and lighting at our properties. While our tenants are directly billed by energy service providers, we recognise the impact and influence we have on helping tenants minimise their environmental footprints. 


Approach:

·     Improve energy efficiency lightings in all common areas

·     Launched the “Tenant Energy Efficiency Program” in 2016 to support tenants and service providers to conserve natural resources

·     Partnered with a local start-up to provide smart metering technology and data analysis services to interested tenants, empowering energy users to understand their consumption pattern and adopt energy saving practises accordingly.

·     Utilise sustainability produced, low carbon and non-toxic materials

·     Maximise use of natural lighting and ventilation

·     Identify high energy usage installations to determine relevant initiatives, e.g. chiller upgrading or modernisation of lifts

·     Use of Energy Management System (EMS) programme to optimise chiller efficiency and Building Management System (BMS) to control key equipment in buildings

·     Smart design and increased energy efficiency


Targets

·        Encourage our tenants to join the "The Hong Kong Green Shop Alliance" 

 

Highlights:

 ·     In 2016, we partnered with local start-up programme resulted in potential energy savings of 3% for retail and 6% for F&B outlets.



Water Management

Water usage was mainly for domestic use purposes at our properties, and our operations do not produce hazardous waste or effluent streams. The total water consumption for 2017/2018 was 1, 171,459 cubic metres.

 

Approach:

·     Use of recycled water and drought-resistant plants

·     Use of water-efficient fittings and fixtures

·     Installations of self-closing taps

·     Collection of rainwater for washing vehicles and watering flora

·     Ensure sites are cleaned to minimise contamination of stormwater run-off

·     Strengthen House Rules /Fit-out Guides specifying the need to avoid sewerage contamination, especially relating to fit-outs and other building works

  

Empowering Environmental Resources – Our Relationship with Resources

Waste Management:

As a property owner and manager, we have three main sources of waste and will continue to strive toward improving waste reduction performance to reduce our environmental footprint and costs.​​ 


 1.    Tenants:

We developed a 6 steps for waste that comprises our waste management programme.

 2.    Shoppers:

We have placed recycled bins in our shopping centres, encouraging shoppers to recycle.

3.    Construction/Renovation:

Construction waste materials that are generated from the asset enhancement programmes. We partner with contractors to reduce and recycle waste materials at sites under incentive programmes.


Raising awareness for the waste management programme with our tenants, employees and service providers

Raising awareness for waste management programme with our tenants, employees and service providers. 

·     Conducting protocols briefing sessions for tenants.

·     Partnering with NGOs such as Food Angel and Food for Good and Greener’s Action etc. to collect edible food materials for preparation of nutritious meal boxes to benefit the needy.

·     Strengthening service provider partnerships and resolve logistics challenges.


Supporting Hong Kong's target of reducing landfill food waste disposal by 40% in 2022

In anticipation of the Municipal Solid Waste Charging Scheme by the HKSAR Government, training was conducted for our property management employees, contractors, and tenants on organic waste source separation and data collection: ​

·     The first phase of fresh market waste separation pilot scheme​​ ended in May 2016.

·     Learning from the first phase, the performance and efficiency of waste seperation process in other fresh markets were improved. Second phase kick-started in June 2016.

·     All trainings completed in December 2016 and covered 77 of our markets.


Approach:

·      54 garbage collection points are equipped with weigh-in stations and data collected are analysed.

·        Carry out preliminary analysis on cost implications.

·        Reduce total waste generated in Link's premises.

·        Monitor our waste production and recycle, whenever possible.



Health and Wellbeing​

We strive to offer healthy and safe environments to our tenants and shoppers that promote and enhance wellbeing.  We do this by following established standards including BEAM Interiors, WELL Standard and obtaining Indoor Air Quality (IAQ) Certification Scheme.

 

In addition to this, host a variety of events at Link’s shopping centres that raise health and wellbeing awareness to the public.  These activities range from promoting healthier eating and cooking habits at our Fresh Markets, to understanding the value of living active lifestyles.

 

Approach:

·       Our priority in all of Link’s daily operations and in the communities, we serve in is safety

·     Implement a Health, Safety and Wellbeing Framework, focusing on healthier minds, bodies, places and cultures

·     Ensure good indoor air quality in our shopping malls

·     Health, safety and wellbeing training programme


Targets:

·      Achieve zero fatalities across all of Link’s daily operations

·     Establish workplace wellness

·     Obtain 8 IAQ Certification Schemes each year for our shopping malls

 

Highlights:

·     Five of Link’s shopping centres (Butterfly Plaza, Choi Ming Shopping Centre, Long Ping Commercial Centre, Temple Mall North and Tin Shing Shopping Centre) obtained IAQ 


Green Link

To raise the community’s awareness on environmental protection and aid in the creation of a microclimate for shoppers, Link has adopted both horizontal and vertical greening into our properties.   We are committed to planting native plant species wherever possible.


Green roofs have been constructed for Oi Man Plaza and Stanley Plaza and one greener wall has been installed at Stanley Plaza. The greenery planted throughout the properties can help filter the surrounding air, and the roof garden provides additional public green space to the nearby residents. Greening Link’s landscape is essential to the health and well-being of the communities we are serving.

 

Approach:

·     A Horticultural Maintenance and Improvement Contract has been established through our in-house Tree and Slope Team, comprising over HK$8.69 million investment in 2017/2018 to improve better maintenance and greening improvement works

 

Targets:

·     In 2018/2019, we aim to invest HKD$10.27 million on our horticulture and plant 10,000 native flora species across our portfolio

 

Highlight: 

·     Planted around 65,000 shrubs across the portfolio in 2017/2018

 

 
Stanley Plaza Green Roof.jpg


Responsible Property Investment 

At Link, we incorporate environmental, social and governance (ESG) factors into our property investment decisions. This ensures we better manage risk and generate sustainable and long-term returns.

 

Approach:

·     Only invest in projects and partnerships that are consistent with Link’s Value, Mission and Vision, Code of Conduct and our Value Creation Model

·     Embed Sustainability into everything we do

·     Publicly report integrated financial and non-financial information on our websites and interim/annual reports

 

Targets:

·      All Link’s investments to consider ESG and economic outcomes

·​     Rate and improve performance of all existing assets and portfolios using Green Building standards or other international/local environmental rating tools

​​
​WWF's Earth Hour:​

On March 24th, 2018, our five destination malls (TKO Gateway, Lok Fu Place, Stanley Plaza, T Town and Temple Mall) pledged to support Earth​ Hour by turning off all non-essential lights (decorative lighting and individual Link logo signage) for one hour at 8:30pm
 

Case Study Sharing

Hong Kong Green Shop Alliance

The Hong Kong Green Building Council launched its Green Shop Alliance (GSA), an initiative to promote Green Shopping practices in Hong Kong.  Link is a supporter of environmental initiatives and believes that the GSA programme can help us identify how to improve our business in socially and environmentally responsible manners. It is only with collaborative effort that we can Link People ot a Brighter Future. The GSA has identified simple measures in six areas that shops can focus on in order to improve their businesses. These are:

1) Better use of Energy
2) Better use of Water
3) Municipal Solid Waste Reduction
4) Reuse and Recycling of Materials
5) Social Green Behaviour
6) Green Procurement

To date, 53 of our tenants across our destinations malls (TKO Gateway, Lok Fu Place, Stanley Plaza, T Town and Temple Mall), have participated in this programme. Shops are free to set targets and implement any of the listed green measures that meet their operational requirements. The HKGBC will issue certificates stating the committed green measures to the Alliance members to recognise their effort in going green. The Alliance and the Pledge can be renewed at any time or expired in time with the leasing agreement. 

 
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Euromoney Real Estate Awards 2013 Best Investment Manager in Hong Kong 2015 Institutional Investor Most Honored Company in Hong Kong 2015 The Asset Triple A Awards Property Investor of the Year DJSI Asia Pacific FTSE4Good GRESB Green Star 2014 Hong Kong Awards for Industries: Customer Service Grand Award Web Accessibility Recognition Scheme