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.

Link does not have Hong Kong tenant energy or water data as they are billed directly from local utility suppliers. However, we recognise the impact and influence Link has on helping tenants minimise their environmental footprints. 

We have embarked our energy reduction journey since 2010. As of March 2021, our 20/30 and 20/35 vision achieved an absolute and like-for-like electricity reduction of 39.7% and 31.4%. Moving forward, we are committed to achieving Net Zero carbon emissions by 2035. To achieve this ambitious target, energy management always remains our most preferred decarbonisation approach.

Compared to 2020, our Hong Kong and Mainland China portfolio have achieved a reduction in energy intensity and carbon intensity this year.
 

     

Energy Intensity (yoy)

      

Carbon Intensity (yoy)

Hong Kong Portfolio

-1.6% -24.1%

Mainland China Portfolio 

-5.7% -43.8%
APPROACH
  • Improve energy efficiency lightings in shopping centres and car parks
  • Maximise use of natural lighting and ventilation
  • Identify high energy usage installations (e.g. chiller upgrading or modernisation of lifts) to determine relevant initiatives
  • Use of Energy Management System (EMS) programme to optimise chiller efficiency and Building Management System (BMS) to control key equipment in buildings
  • Smart meters are used to enable easy tracking and verification of energy usage data
  • Apply retro-commissioning to improve energy efficiency of our existing building equipment and systems
  • Encourage our tenants to join the "The Hong Kong Green Shop Alliance"
  • Cooperate with organisations (such as the Hong Kong Retail Management Association) to align sustainability initiatives and objectives 

TARGETS
  • Achieve Net Zero by 2035
  • Compared to FY18/19 baseline, reduce 30% electricity usage across portfolio by 2035
  • Adopt 100% Renewable Energy(1) within our portfolio by 2035
  • After the first round of preliminary study, we have identified 28 properties at which we may install solar power systems for power generation. Solar panel installation will be completed at 10 selected properties by 2021/2022. Upon full installation at 28 properties, the total installed capacity of the solar power systems and annual generated solar power would be about 1,400kW and 1.56 Million kWh respectively. We are currently exploring further potential through the second round of study. 
(1) "Renewable Energy” refers to onsite installation and offsite renewable energy procurement

HIGHLIGHTS
  • 1.2% year-on-year reduction in absolute energy consumption (Hong Kong), corresponding to a 39.7% cumulative reduction compared to the 2010 level
  • Rolling out EMS at 4 pilot properties including T Town, Cheung Fat Plaza, Tsz Wan Shan Shopping Centre and TKO Gateway for our Hong Kong portfolio, which help us employ predictive data analytics to optimise repair and maintenance of all electrical equipment. 
  • As of March 2021, 104MWh on-site renewable energy was generated from our first three sites – Lok Fu Place, Tko Spot and Tai Yuen Commercial Centre.
  • In 2020/2021, we have invested over HK$5.5 million to implement energy management optimisation measures, such as upgrading LED lighting and optimising chiller plants. The estimated cost saving of these measures is around HK$1.45 million. 
  • Commenced the feasibility study on installing motion sensor lighting in our carparks to optimise energy efficiency. 
  • In 2020/2021, 73 Link properties were awarded ‘Platinum Award’ in EPD's Charter on External Lighting - for switching off external lighting from 11 p.m. to 7 a.m.
  • A dehumidification system integrated with solar hot water panel is equipped in The Quayside.The desiccant system is specifically designed for Hong Kong context where it is humid throughout most of the year, it can absorb the water moisture in the air and regenerate using solar hot water.
  • Our UK property The Cabot will be 100% powered by renewable electricity in 2021/2022.

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