Overview
Our Sustainability Approach
Prosperity REIT is a responsible corporate citizen, committed to integrating sustainability into our culture and business. We believe that incorporating sustainability values in our operations will help the business to achieve long-term success for our business. The ongoing climate crisis has brought about sweeping changes to business operations worldwide, materialising both as risks and opportunities. Prosperity REIT took proactive steps to protect our businesses from rising climate risks and rode the wave of current sustainability megatrends and opportunities. A climate change policy is in place to align the business with Hong Kong’s Securities and Futures Commission’s (“SFC’s”) “Circular to licensed corporations – Management and Disclosure of Climate-related Risks by Fund Managers” (the “Circular”).
We have shown our dedication through establishing the Sustainability Steering Committee with experienced taskforces as well as the alignment of our corporate strategies with the United Nations Sustainable Development Goals (“UNSDGs”) and global best practices. Based on the relevant SDGs, targets were developed through putting our commitment into action, forming our “Vision 2030”. The holding company for the ESR Group, ESR Group Limited, is also dedicated to sustainability and aspires to run a carbon-neutral corporation. Being a member of ESR Group, Prosperity REIT is aligned with both entities in this aspect and includes ESG considerations within our asset management and investment decisions.
In a dynamic ESG environment, we continuously enhance our environmental performance by incorporating sustainability principles and ESG considerations in our policies, procedures, and business operations. We also have environmental and wellness initiatives implemented and hope to expand our efforts in all aspects of our business in the near future.
Sustainability Vision 2030
Prosperity REIT’s “Vision 2030” strives to align our sustainability roadmap with the UNSDGs. To tackle the sustainability challenges, we seek to collaborate with various stakeholders to scale up our efforts. We will closely monitor the implementation and progress of the targets in the following four areas, and report to the Board of Directors of the REIT Manager (the “Board”) on a regular basis.
Nature
Vision and Mission
Developed based on the mission of ESR Group, our core values: Excellence, Inclusion, Entrepreneurship, and Sustainability, serve as the cornerstone of our sustainability vision and mission and guide our business decisions.