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Link Real Estate Investment Trust

Common Name
Link REIT
Country
Hong Kong
Sector
Real Estate
Industry
REIT - Retail
Employees
1,441
Ticker
823
Exchange
Hong Kong Exchanges and Clearing Limited
Description
Link Real Estate Investment Trust (Link REIT) is the largest REIT in Asia by many measures including asset value. Managed by Link Asset Management Limited (Link), a leading, independent and fully inte...

Link REIT's GHG Emissions Data Preview

In 2025, Link REIT completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Link REIT has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2025202420232022-2019
Total Scope 1
7,594a
8,712a
14,268a
Total Scope 2
Unspecified Calculation Method
N/AN/AN/A
Total Scope 3
472,401a
518,927a
482,587a
Total Scope 1 Revenue Intensity (tCO2e/$M)
4.1544a
5.0209a
9.155a
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Verified Sources Behind Link REIT’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Link REIT’s data sources below and access millions more through our Disclosure Search.

a. Link REIT's Sustainability Report 2025
b. Link REIT's Sustainability Report 2022

Insights into Link REIT's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Link REIT amounted to 130,470 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2024, the total operational greenhouse gas (GHG) emissions of Link REIT increased by 1.71%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Link REIT's Scope 1 Emissions Over Time

20202021202220232024202504 k8 k12 k16 ktCO2e-8%+149%+87%-39%-13%
  • Total Scope 1
  • Year-over-Year Change

What are Link REIT's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Link REIT were 7,594 metric tons of CO₂ equivalent (tCO₂e).a

Has Link REIT reduced its Scope 1 emissions over time?

Since 2020, Link REIT's Scope 1 emissions have increased by 127.23%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2024), Link REIT's Scope 1 emissions decreased by 12.83%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Link REIT's Scope 2 emissions?

In 2025, Link REIT reported Scope 2 greenhouse gas (GHG) emissions of 122,876 tCO₂e using the location-based method.a

Has Link REIT reduced its Scope 2 emissions over time?

Compared to the previous year (2024), Link REIT's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Link REIT's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Link REIT use for Scope 2 reporting?

In 2025, Link REIT reported its Scope 2 emissions using the location-based method.a

Link REIT's Scope 2 Emissions Over Time

202020212022202320242025035 k70 k105 k140 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Link REIT's Value Chain Emissions

In 2025, Link REIT reported 472,401 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2025 disclosure of Link REIT includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Link REIT's Scope 3 Emissions Over Time

2020202120222023202420250150 k300 k450 k600 ktCO2e+81%+932%+18%+8%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Link REIT's Scope 3 emissions?

In 2025, Link REIT reported total Scope 3 emissions of 472,401 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 29.04% of these emissions originated from upstream activities such as purchased goods and capital goods, while 70.96% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Link REIT reduced its Scope 3 emissions over time?

Since 2020, Link REIT's Scope 3 emissions have increased by 2,062.32%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2024), Link REIT's Scope 3 emissions remained relatively stable, indicating that Link REIT's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Link REIT disclose?

In 2025, Link REIT reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Link REIT's Scope 3 emissions?

In 2025, the largest contributors to Link REIT's Scope 3 emissions were:a

  • Downstream Leased Assets (Cat. 13): 318,340 tCO₂e (67.39%)
  • Fuel- and Energy-Related Services (Cat. 3): 55,585 tCO₂e (11.77%)
  • Purchased Goods and Services (Cat. 1): 37,610 tCO₂e (7.96%)

Link REIT's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(11.8%)Purchased Goods andServices (Cat. 1)(8.0%)Downstream LeasedAssets (Cat. 13)(67.4%)

Insights into Link REIT’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Link REIT reported Scope 1 greenhouse gas (GHG) emissions of 7,594 tCO₂e and total revenues of USD 1,828 millions. This translates into an emissions intensity of 4.15 tCO₂e per millions USD.a

Link REIT's Scope 1 Emissions Intensity Compared to Peers

202001,00010,000100,000Scope 1 Emissions (tCO2e)1005001,0005,00010,000Revenues (Millions of USD)Phillips Edison & CoYear: 2023Scope 1: 9,500 tCO2eRevenue: $M 610Scope 1 Intensity: 15.57 tCO2e/$MJMFYear: 2024Scope 1: 4,988 tCO2eRevenue: $M 564Scope 1 Intensity: 8.84 tCO2e/$MWharf HoldingsYear: 2024Scope 1: 16,961 tCO2eRevenue: $M 1,560Scope 1 Intensity: 10.87 tCO2e/$MWharf Real Estate InvestmentYear: 2024Scope 1: 8,888 tCO2eRevenue: $M 1,663Scope 1 Intensity: 5.35 tCO2e/$MSino Land CoYear: 2024Scope 1: 3,865 tCO2eRevenue: $M 1,123Scope 1 Intensity: 3.44 tCO2e/$MSwire PropertiesYear: 2024Scope 1: 9,039 tCO2eRevenue: $M 1,858Scope 1 Intensity: 4.87 tCO2e/$MRealty IncomeYear: 2024Scope 1: 55 tCO2eRevenue: $M 5,288Scope 1 Intensity: 0.01 tCO2e/$MSimon Property GroupYear: 2024Scope 1: 15,876 tCO2eRevenue: $M 5,964Scope 1 Intensity: 2.66 tCO2e/$MKite Realty Group TrustYear: 2024Scope 1: 2,617 tCO2eRevenue: $M 842Scope 1 Intensity: 3.11 tCO2e/$MAgree RealtyYear: 2023Scope 1: 271 tCO2eRevenue: $M 537Scope 1 Intensity: 0.50 tCO2e/$MUnibail-Rodamco-WestfieldYear: 2024Scope 1: 14,917 tCO2eRevenue: $M 3,388Scope 1 Intensity: 4.40 tCO2e/$MRioCanYear: 2024Scope 1: 7,128 tCO2eRevenue: $M 862Scope 1 Intensity: 8.27 tCO2e/$MMacerichYear: 2024Scope 1: 30,779 tCO2eRevenue: $M 918Scope 1 Intensity: 33.52 tCO2e/$MVicinity CentresYear: 2025Scope 1: 6,632 tCO2eRevenue: $M 870Scope 1 Intensity: 7.62 tCO2e/$MNNN REITYear: 2024Scope 1: 108 tCO2eRevenue: $M 869Scope 1 Intensity: 0.12 tCO2e/$MChoice PropertiesYear: 2024Scope 1: 5,150 tCO2eRevenue: $M 952Scope 1 Intensity: 5.41 tCO2e/$MBrixmor Property GroupYear: 2023Scope 1: 3,414 tCO2eRevenue: $M 1,245Scope 1 Intensity: 2.74 tCO2e/$MFederal RealtyYear: 2024Scope 1: 3,186 tCO2eRevenue: $M 1,202Scope 1 Intensity: 2.65 tCO2e/$MKlepierreYear: 2024Scope 1: 15,194 tCO2eRevenue: $M 1,565Scope 1 Intensity: 9.71 tCO2e/$MCICTYear: 2024Scope 1: 3,171 tCO2eRevenue: $M 1,164Scope 1 Intensity: 2.72 tCO2e/$MScentre GroupYear: 2024Scope 1: 10,211 tCO2eRevenue: $M 1,635Scope 1 Intensity: 6.24 tCO2e/$MRegency CentersYear: 2024Scope 1: 3,179 tCO2eRevenue: $M 1,454Scope 1 Intensity: 2.19 tCO2e/$MKimco RealtyYear: 2024Scope 1: 4,165 tCO2eRevenue: $M 2,037Scope 1 Intensity: 2.04 tCO2e/$MChampion REITYear: 2023Scope 1: 188 tCO2eRevenue: $M 330Scope 1 Intensity: 0.57 tCO2e/$MLink REITYear: 2025Scope 1: 7,594 tCO2eRevenue: $M 1,828Scope 1 Intensity: 4.15 tCO2e/$M

How does Link REIT's GHG emissions intensity compare to its peers?

In 2025, Link REIT reported a Scope 1 emissions intensity of 4.15 tCO₂e per millions USD. Compared to the peer group median of 3.92, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Link REIT rank on GHG emissions intensity within its industry?

In 2025, Link REIT ranked 13 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Link REIT is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Link REIT's Total Carbon Footprint

In 2025, Link REIT reported a total carbon footprint of 602,871 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.85% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Link REIT's total carbon footprint was Scope 3 emissions, accounting for 78.36% of the company's total carbon footprint, followed by Scope 2 emissions at 20.38%.a

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