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Link REIT’s ESG Evaluation Score Raised By S&P

Link REIT’s ESG Evaluation Score Raised By S&P

January 13, 2021 – Link Real Estate Investment Trust has received a score of 73 out of 100 from the second S&P Global Ratings ESG Evaluation Report, an improvement compared to the inaugural rating of 72 received in January 2021.

On S&P’s scale, higher numbers indicate stronger sustainability in their evaluations.

Link’s ESG Evaluation score and its adequate preparedness remain on par with global best practices in the real estate sector. They reflect Link’s robust governance structure, its strong capabilities to navigate future disruptions, and an overall good management of environmental and social risks. The evaluation is also a testament to Link’s effort in improving carbon intensity in its operations, while taking into account its continued expansion in Mainland China.

According to S&P, “Link has taken concrete steps to address its operations’ exposure to greenhouse gas emissions. In the year ended 31 March 2021, Link has reduced by 9% its Scope 2 emissions, which account for about three-quarters of its total emissions. Link’s decarbonisation initiatives have included implementing efficient energy management systems and retrofitting properties with energy efficient lighting.”

“The proportion of assets with green building certifications has doubled year-on-year, following investments in asset enhancement and acquisitions.”

Read more here..

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