Since 2018, the Link Tenant Academy has been providing value added services for tenants through hosting regular talks on a variety of topics. Last year, the Academy launched ESG x Business Integration with the aim of equipping tenants with more ESG (Environmental, Social, and Governance) knowledge. Developing ESG not only helps enterprises lower operating cost and reduces the burden on the Earth, but it also strengthens brand recognition and market competitiveness.

To help tenants better understand the various incentive projects and information about energy savings and waste reduction, the Link Tenant Academy invited celebrities Amy Fan and Andrew Chan to present issues that retailers regularly encounter through a lively and engaging performance on 15 March. They also held a discussion about “waste and carbon emission reduction solutions for retailers” with Dr Anthony Lo, Director of Customer Success and Sales at CLP Power Hong Kong Limited, and Natalie Chung, Sustainable Lead at DFI Retail Group. The speakers presented to the audience their respective service schemes aimed at helping small and medium enterprises conserve energy and reduce carbon emission. They also shared energy-saving solutions implemented by Hong Kong retailers.

“Audit First, Upgrade Later” to avoid resource misallocation

Dr Lo focused his sharing on Hong Kong retailers’ electricity consumption pattern. He introduced to tenants the two energy-saving schemes by CLP to help tenants lower carbon emission and cost: the free energy audit service scheme and the electrical equipment upgrade scheme. He reminded tenants to adopt an “audit first, upgrade later” strategy, which will help address their pain points, avoid resource misallocation, and maximise the benefits from the implementation of these solutions. The free energy audit service allows tenants to conduct the following more effectively: understand their electricity consumption pattern and distribution; seize energy management opportunity; and analyse payback period. The scheme also offers advice on suitable smart technologies. On the other hand, the equipment upgrade scheme provides funding to help tenants install or upgrade energy-saving equipment, with a maximum funding amount of $150,000.

Separately, DFI Retail Group has been searching for upgrade solutions for the community and the environment in recent years. It wishes to lead by example and bring the retail industry together to create shared value on sustainable development. Natalie Chung said: “Through the Link Tenant Academy seminar, we hope tenants will come to understand that all retailers are capable of using their creativity to come up with their energy conservation methods. They can start from the hardware, such as adopting energy-savings equipment. Not only can this help to protect the environment, but also to lower operating cost. It really is a win-win for both sides.” She also shared the Group’s continued effort to explore and research new products and technology. For example, last year it introduced Hong Kong’s first water loop system, which has proven to be effective in bringing down greenhouse gas emission and emission risk, reducing energy wastage, and reaching the goal of carbon neutrality by 2050.

The Link Tenant Academy strives to provide value added services for Link’s tenants through a series of activities and schemes based on different themes. It aims to encourage tenants to continue learning and practicing service skills, enhance the service quality, and strengthen their competitiveness. The Academy has in the past hosted talks on a range of topics, including the latest market information, management concept, industry trends, retail techniques, quality catering, and energy savings.

For details about Link Tenant Academy’s online seminars, please go to https://www.linkhk.com/en/tenantAcademy/

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About Link

Link Real Estate Investment Trust (Hong Kong stock code: 823), is the largest REIT in Asia by market capitalisation#. It is managed by Link Asset Management Limited, a leading real estate investor and asset manager in the world. Since its listing in 2005 as the first REIT in Hong Kong, Link REIT has been 100% held by public and institutional investors. It is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. From its home in Hong Kong, Link Asset Management Limited owns and manages a diversified portfolio including retail facilities, car parks, offices and logistics assets spanning from China’s Beijing, Greater Bay Area (Hong Kong, Guangzhou and Shenzhen), and Yangtze River Delta centred around Shanghai, to the UK’s London, Australia’s Sydney and Melbourne and Singapore*. Link Asset Management Limited seeks to extend its portfolio growth trajectory and grasp expansion opportunities in different markets in pursuit of sustainable growth.
For details, please visit：https://www.linkreit.com

#Source：Factset

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