Sustainability Strategy and Goals

Sustainability Targets

By setting long term targets and working on improvements and initiatives under Environmental (E), Social (S), Governance (G) areas, we strive to make positive impact on society and the environment.

Target Status Achieved On Track Lagging Behind Not Commenced

Climate Resilience and Decarbonisation Green Buildings Resource Management Stakeholder Engagement Accountability and Transparency

Environment

Climate Resilience and Decarbonisation

We recognise and support the global goal to limit temperature rise and to prepare our portfolio in the face of physical and transitional risks.

Greenhouse Gas Emissions

Key Sustainability Target	Status	2025/2026 Progress
25% reduction in carbon intensity (Scope 1 & 2) by 2025/2026 (compared to 2018/2019 baseline)		29.4% reduction in carbon intensity (Scope 1 & 2) compared to 2018/2019 baseline Over 40% of the portfolio now incorporates renewable energy, including 24.5 MW⁽²⁾ installed solar PV capacity and off-site procurement at 9 assets 5.3% reduction in electricity intensity compared to 2018/2019 baseline
100% renewable energy adoption by 2035⁽¹⁾
5% reduction in electricity intensity by 2025/2026 (compared to 2018/2019 baseline)
30% reduction in electricity intensity by 2035 (compared to 2018/2019 baseline)

Climate Resilience and Adaptation

Key Sustainability Target	Status	2025/2026 Progress
Develop quantitative framework to measure annual resilience performance for insurers and valuers		Developed an internal exposure-adjusted loss metric to measure resilience performance – Climate-related Damage relative to Extreme Event Hour Link’s climate-related insurance claims for 2025/2026 were HK$5.1 million in Hong Kong, 78% lower than in 2023/2024, which saw comparable rainfall across the portfolio
Review and align climate scenario assessments with leading science and market standards every 3 years
Integrate climate risk into investment, valuation and insurance processes

Notes:

⁽¹⁾To cover our electricity footprint via renewable energy on-site generation and off-site procurement, purchase of renewable energy certificates and direct investments in renewable energy.

⁽²⁾Includes 1.6 MW committed capacity under installation or planned.

Environment

Green Buildings

Owning and operating buildings is our business, and it is through continuous improvement of the sustainability performance of our buildings as well as our management processes that we can reduce our environmental footprint and create positive impact.

Key Sustainability Target	Status	2025/2026 Progress
Maintain 100% green building certification coverage⁽¹⁾		Reached our target of 100% certification by GFA across our portfolio

Notes:

⁽¹⁾Green building certification includes environmental, health and well-being certification schemes. Portfolio includes retail, office and logistics assets, but excludes retail < 40,000 sq ft by IFA and car parks. Newly acquired or developed assets have a 24-month grace period.

Environment

Resource Management

We are committed to support a sustainable planet by improving resource management in our buildings and operations which consume natural resources.

Waste Management

Key Sustainability Target	Status	2025/2026 Progress
> 50% general waste⁽¹⁾ recovered/recycled by 2035		General waste recovered/recycled rate increased to 30.2% 100% of fresh markets in Hong Kong⁽²⁾provides organic waste diversion services
100% of retail properties in Hong Kong⁽²⁾ to provide organic waste diversion service by 2028/2029

Water Management

Key Sustainability Target	Status	2025/2026 Progress
10% reduction in general water⁽³⁾ use intensity (per sq m) by 2035, compared to 2018/2019 baseline		Achieved 20.6% reduction in general water use intensity compared to baseline

Biodiversity

Key Sustainability Target	Status	2025/2026 Progress
100% of new developments and redevelopments to conduct biodiversity assessments		Incorporated biodiversity enhancements into the landscape design for our development project, The Anderson. The design will implement a native species ratio exceeding 60% across more than 30 plant species, targeting to attract 10 species of butterflies

Notes:

⁽¹⁾General waste includes organic, inorganic, and recyclable waste (including any tenant waste) handled by Link at properties where Link has operational control. Excludes construction waste and hazardous waste.

⁽²⁾Excludes properties < 50,000 sq ft by IFA.

⁽³⁾General water use includes water for cleansing, flushing, potable uses, irrigation and other minor uses but excludes cooling tower water.

Social

Stakeholder Engagement

Understanding the needs and expectations of our stakeholders and engaging with them on our sustainability journey is key to maximising value creation.

Talent Management

Key Sustainability Target	Status	2025/2026 Progress
Retain our people: Maintain a voluntary turnover rate of below 20%		Overall Voluntary Turnover Rate at 11.3% Over 80% of newly created or expanded roles filled internally Postponed 2025/2026 Employee Engagement Survey due to significant leadership change Achieved average of 21.9 hours of training per staff
Develop our people: Ensure succession plan with internal talent in place for 80% of key roles
Engage our people: Conduct biennial employee surveys with at least 85% response rate and 70+ engagement score
Train our people: Maintain an average of more than 16 hours of training per employee per year

Occupational Health, Safety and Well-being

Key Sustainability Target	Status	2025/2026 Progress
Pursue zero fatalities and prosecutions related to OHS regulations across all of Link’s daily operations		0 Fatality Rate among permanent employees and Contractor Workers 2.34 LTIFR among permanent employees
Achieve a LTIFR of below 1.00 among permanent employees by 2030/2031

Diversity, Equity and Inclusion

Key Sustainability Target	Status	2025/2026 Progress
Maintain an independent and diverse Board, considering skill set, industry expertise and experience, background, ethnicity, age and gender, with a minimum representation of 30% of either gender		Maintained a diverse Board with 45% female directors 45% Female representation of AGM+
Build a diverse workforce that represents the communities we operate in (considering skill set, industry expertise and experience, background, ethnicity, age and gender), with a gender diversity ratio of AGM+ at 50%
Ensure equal opportunities for recruitment and career advancement

Tenant Engagement

Key Sustainability Target	Status	2025/2026 Progress
Maintain tenant satisfaction score > 80 (out of 100)		Tenant satisfaction survey achieved score of 91.3 Average Net Promoter Score increased to +61

Supply Chain

Key Sustainability Target	Status	2025/2026 Progress
100% implementation of Supplier Code of Conduct and Procurement Policy⁽¹⁾		Conducted environmental and social compliance checks on 69 tier-1 critical suppliers, with 7 of them identified with non-compliance matters. No suppliers were classified as sustainability high-risk
Annual environmental and social compliance check on critical suppliers⁽²⁾

Community

Key Sustainability Target	Status	2025/2026 Progress
Maintain customer satisfaction score > 80 (out of 100)		Completed Mystery Shopper Assessment with 90.1 customer satisfaction score Link Together Initiatives committed HK$16M over the year, 220 university students under Link University Scholarship and 100 secondary school students under Link 20th Anniversary Outstanding Student Scholarship
Contribute up to 0.25% of net property income annually to charity and community engagement

Notes:

⁽¹⁾Applicable to suppliers who provide services for our managed portfolio with operational control.

⁽²⁾Critical suppliers are defined as those with high awarded contract sums and material impact on property operations within the financial year.

Governance

Accountability and Transparency

We are committed to adhering to industry corporate and sustainability governance standards and best practices and to ensure open and objective reporting across all our practices.

Sustainable Finance and Responsible Investment

Key Sustainability Target	Status	2025/2026 Progress
100% of sustainability-linked finance transactions to include at least one dimension in each of ESG		No sustainability-linked loans Responsible Investment Policy aligned with Hong Kong listing rules and the European Union’s SFDR Article 8 framework
Integrate ESG risk assessment into our formal due diligence process for acquisitions

Reporting

Key Sustainability Target	Status	2025/2026 Progress
Continuously optimise our key ESG rating performance, targeting progression towards top-tier ratings		During the year, a key ESG rating improved from BBB to A Participated in various sustainability ratings and are included in indices that benchmark companies’ sustainability performance Initiated a self-led working group with regional real estate industry players to refine the CRREM APAC pathways Developed the Social Impact Evaluation Framework, establishing best practice in outcome‑based measurement and reporting Participated in consultation requests to support the development of ESG best practices and standards
Demonstrate APAC thought leadership by publishing sustainability-focused research articles every year
Engage actively in local and regional working groups to advance sustainability standards, frameworks and knowledge sharing