Client: Link Real Estate Investment Trust (hereinafter “Link”)
Sector: Real Estate
Headquarter: Hong Kong
Objective: Develop a comprehensive net zero pathway for Link, establishing clear decarbonization milestones and a 15-year+ strategic roadmap to achieve long-term climate leadership.
Services: Carbon Inventory Review | Emerging Technologies Evaluation | Renewable Energy Procurement Assessment | Scenario Modeling | SBTi Submission and Validation Support | Internal Carbon Pricing Development
Business Profile
Link owns and manages a diversified portfolio including retail facilities, car parks, offices and logistics assets across Hong Kong, Chinese Mainland, Australia, Singapore and the UK.
Challenges Faced
Link confronted multiple challenges in developing a credible net-zero pathway for its large, diverse real asset portfolio—including data gaps, long-term emissions forecasting amid business growth, and technical feasibility assessments. Another key hurdle was securing management commitment for a 2035 operational net-zero emissions target that surpassed HKSAR’s 2050 timeline, requiring a robust business case to align leadership and meet investor expectations for SBTi-aligned approaches.
RESET’s Approaches
- Carbon Inventory Review: Reviewed Scope 1&2 carbon inventory to establish a robust baseline for target setting
- Emerging Technologies Evaluation: Evaluated emerging energy saving technologies available in the market
- Renewable Energy Procurement Assessment: Evaluated options for transitioning to renewable energy sources
- Scenario Modeling: Developed multiple scenarios of emission reduction pathways
- SBTi Submission and Validation Support: Guided submission and validation of SBTi Net Zero Standard
Key Outcomes at a Glance
- Enhanced Data Accuracy: Improved the accuracy and reliability of the carbon inventory through rigorous data collection and verification
- Emerging Technologies Evaluation: Identified viable energy saving technologies to integrate into the decarbonization roadmap
- Scenario Modeling: Developed and analyzed various emission reduction scenarios to inform strategic decision-making
- Actionable Roadmap: Created a comprehensive and actionable decarbonization roadmap for Link to achieve its 2035 operational net-zero emissions goal
Result
RESET’s collaboration with Link delivered a robust target setting process for its net-zero ambition, supported by an actionable decarbonization roadmap. By establishing measurable milestones, Link REIT is positioned to achieve its emission reduction goals and reinforce its sustainability leadership in the real estate sector.