2022-07-27

Link Asset Management Limited Published Sustainability Compendium 2021/2022 – Growing Beyond


Link Asset Management Limited (“Link”) has published its standalone Sustainability Compendium (“the Report”), covering year 2021/2022. 

The following are some of the Report's highlights:

Climate Resilience and Net Zero 2035
  • In May 2022, Link committed to align its climate goals with SBTi Net Zero Standard, increasing the robustness of its Net Zero 2035 Strategy. Recognising flood risk as a key physical risk to its portfolio, Link conducted a coastal threat analysis for its Greater Bay Area portfolio to increase preparedness and better allocate flood resilience resources. Link has aligned its climate disclosures to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the International Sustainability Standards Board (ISSB).

New Sustainable Finance Framework
  •  Link’s new Sustainable Finance Framework requires all its future sustainability-linked finance transactions to include KPIs under each of the ESG areas. In March 2022, Link executed a HK$12 billion sustainability-linked loan with ambitious KPIs on rolling out green leases, promoting upward social mobility through local employment and upgrading its Net Zero Strategy in pursuance of the SBTi Net Zero Standard. The transaction was supported by 16 Hong Kong and international banks and was the largest of its kind in the real estate sector and among REITs in Asia.

Strengthened Sustainability Strategy and Governance
  •  Link’s sustainability strategy and governance were strengthened by the addition of ambitious new short-term corporate sustainability goals, the completion of an updated integrated materiality and risk assessment, and the development and updating of a number of sustainability-related policies and procedures.
 


Link’s Pathway to Net Zero Carbon Emissions by 2035
 

Sustainability Strategy and Sustainability Focus Areas 
Link’s vision is to be a world class real estate investor and manager serving and improving the lives of those around us. Using the “Business as Mutual” mindset, the company actively engages with stakeholders across the value chain to continually identify and update themselves on sustainability issues that are material and relevant to its business. This process helps Link formulate and prioritise its sustainability focus areas under Environmental (E), Social (S), Governance (G) and to integrate these into its business activities. By setting long term targets and working on improvements and initiatives under each of the sustainability focus areas, Link strives to realise its vision and make positive impact on society and the environment.

For details, please check out Link Asset Management Limited Sustainability Compendium 2021/2022.