We are a pioneer in sustainable finance. We issued the first green bond in Hong Kong in 2016, making us the first property issuer tapping green financing in Asia Pacific.
Investors and capital providers are key stakeholders that we engage with in our sustainability finance journey to maximise our collective impact. Sustainable financing arrangements connect us with like-minded investors and hold us accountable to our sustainability goals.
As of 31 March 2024, over 25% of our outstanding bond and loan facilities are tied to our sustainability performance.
100% sustainability-linked finance transactions to include E, S, G KPIs
Be an advocate of sustainable finance, striving to grow sustainable finance by contributing to industrial forums/events each year and to publish a green bond report annually for outstanding transaction
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On Track
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Our sustainable finance transactions are governed by our Sustainable Finance Framework, which was developed in alignment with international market standards and best practices. This includes use of proceeds transactions and sustainability-linked transactions.
The Framework requires all future sustainability-linked finance transactions to include at a minimum, one target under each of the Environment, Social and Governance aspects, and we are the first property company in Hong Kong with such a requirement. We believe this ambitious new framework will support our organisation wide sustainability goals including our target to achieve net-zero carbon emissions by 2035.
Second Party Opinion by HKQAA
Second Party Opinion by S&P Global Ratings
Second Party Opinion by Sustainalytics
See more on how we achieve our goals below:
(as of 31 March 2024)
| Transaction Date | Loan Size (HK$) | Loan Tenor | Remarks |
|---|---|---|---|
| Mar 2022 | 12,000,000,000 | 4 & 5-year | First transaction under Link’s new Sustainable Finance Framework. Includes KPIs in E, S, G areas |
| Sep 2021 | 1,000,000,000 | 5-year | |
| Sep 2021 | 500,000,000 | 5-year | |
| Apr 2021 | 500,000,000 | 5-year | |
| Jan 2021(1) | 2,104,250,000 | 5-year | First Sterling-denominated Sustainability-linked Loans |
| Jun 2020 | 1,000,000,000 | 5-year | |
| May 2020 | 1,000,000,000 | 5-year | |
| Mar 2020(2) | 950,226,400 | 5-year | First Sustainability-linked Loan. |
| Total to Date | 19,054,476,400 |
(1) GB£200 million loan converted to sustainability-linked loan. HK$ equivalent calculated using Bloomberg currency conversion rate as of transaction date. In 2023/2024, GB£100 million out of the GB£200 million loans has been fully repaid.
(2) AU$212 million loan. HK$ equivalent calculated using Bloomberg currency conversion rate as of transaction date.
(as of 31 March 2024)
| Transaction Date | Bond Size (HK$ equiv.) | Coupon Rate | Bond Tenor | Bond Maturity | Relevant Framework | Use of Proceeds Requirement |
|---|---|---|---|---|---|---|
| Mar 2019 | 4,000,000,000 | 1.600% | 5-year | Mar 2024 | Link’s Green Finance Framework 2019 | Green building certification, energy efficiency, pollution prevention and control, sustainable water management and wastewater management, clean transportation or renewable energy to improve climate change resilience |
| Jul 2016 | 3,878,100,000 | 2.875% | 10-year | Jul 2026 | Link’s Green Bond Framework 2016 | Green building certification, energy efficiency, reduce waste to landfill, improve water efficiency, promote adoption of low carbon transportation including electric vehicles, and improve climate change resilience |
| Total Transactions | 7,818,100,000 |