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
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 | 2024/2025 Progress |
|---|---|---|
| 25% reduction in carbon emissions intensity (Scope 1 & 2) across our portfolio by 2025/2026 (compared to 2018/2019 baseline) | |
|
| Operational net-zero carbon emissions (Scope 1 & 2) by 2035 | |
|
| 100% renewable energy adoption across our portfolio by 2035(1) | |
Climate Resilience and Adaptation
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| Implement a long-term climate resilience strategy across the asset life cycle | |
|
| Align climate scenario assessments with leading science and market standards | |
|
| 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.
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 | 2024/2025 Progress |
|---|---|---|
| 100% green building certification coverage across our portfolio by 2025/2026(2) | |
|
| Develop minimum sustainability performance standards for each property type and meet these standards by 2025/2026 | |
Notes:
(2)Green building certification includes environmental, health and well-being related building certification schemes. Portfolio includes retail, office and logistics assets, but excludes retail <40,000 sq ft by IFA and car park properties. Newly acquired/developed assets without green building certification to be excluded from calculation for up to 24 months.
Environment
Resource Management
We are committed to support a sustainable planet by improving resource management in our buildings and operations which consume natural resources.
Energy Efficiency
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| 30% reduction in electricity intensity across portfolio by 2035 and 5% reduction in electricity intensity across portfolio by 2025/2026 (compared to 2018/2019 baseline) | |
|
Waste Management
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| >50% general waste(3) recovered/recycled by 2035 | |
|
| Zero organic waste to landfill: 100% of fresh market and retail properties in Hong Kong(4) to provide organic waste diversion service by 2026/2027 | |
|
| Zero single-use plastics generated by Link by 2025/2026 | |
Water Management
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| 10% reduction in general water(5) use intensity (per sq m) by 2035, compared to 2018/2019 baseline | |
|
Biodiversity
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| 100% of new developments and redevelopments to conduct biodiversity assessments | |
|
| Maintain >70% of our horticulture investment sum in planting native flora | |
Notes:
(3) 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.
(4) Excludes properties <50,000 sq ft by IFA.
(5) General water uses 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 | 2024/2025 Progress |
|---|---|---|
| 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%(6) | |
|
| Ensure equal opportunities for recruitment and career advancement | |
|
| Pursue zero fatalities and prosecutions related to OHS regulations across all of Link’s daily operations | |
|
| Achieve a LTIFR of below 1.00 among permanent employees by 2030/2031 |
|
|
| Retain our people: Maintain a voluntary turnover rate of below 20% |
|
|
| Develop our people: Maintain an internal promotion rate of at least 10% |
|
|
| 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 | |
Tenant Engagement
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| 50% green lease adoption in Hong Kong and Mainland China by 2026/2027 | |
|
| Strengthen tenant satisfaction and collaboration through ongoing engagement and service improvements |
|
|
| Support tenants in meeting ESG expectations and improving operational efficiency |
|
Supply Chain
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| 100% implementation of Supplier Code of Conduct and Procurement Policy(7) | |
|
| Annual environmental and social compliance check on critical suppliers(8) | |
Community
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| Maintain >80% customer satisfaction rate | |
|
| Contribute up to 0.25% of net property income annually to charity and community engagement | |
|
| Engage cross-sector stakeholders each year | |
Notes:
(6)Given the relatively small population of AGM+ and fluctuations resulting from staff turnover and headcount changes, we anticipate that the gender diversity ratio of AGM+ may periodically vary within a 2% range of the 50% target (i.e. 48% to 52%).
(7)Applicable to suppliers who provide services for our managed portfolio with operational control.
(8)Critical suppliers are defined as those with high awarded contract sums and material impact on property operations within the financial year.
Social
Innovation
We support innovation inside and outside of our business operations by being continually open-minded to new ways of doing business.
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| Support and invest in emerging technologies, materials and processes that address market and sustainability needs | |
|
| Build partnerships with startups and innovation stakeholders, especially in Hong Kong |
|
|
| Drive internal capability through structured knowledge sharing and systems development | |
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.
Corporate and Sustainability Governance
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| Maintain an independent and diverse Board (considering skill set, industry expertise and experience, background, ethnicity, age and gender) | |
|
| The Board will have a minimum representation of 30% of either gender | |
Sustainable Finance and Responsible Investment
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| 100% of sustainability-linked finance transactions to include at least one dimension in each Environment, Social and Governance | |
|
| Advocate for the growth of sustainable finance and contribute to improve practices and standards in the sector | |
|
| 100% implementation of the Responsible Investment Policy | |
Reporting
| Key Sustainability Target | Status | 2024/2025 Progress |
|---|---|---|
| Support global sustainability frameworks aligned with our principles and operations | |
|
| Engage actively in local and regional working groups to advance sustainability standards and knowledge sharing | |