Hong Kong, 2 August 2024 – ESR Asset Management (Prosperity) Limited (the "REIT Manager"), as manager of Prosperity Real Estate Investment Trust ("Prosperity REIT") [SEHK: 808], is pleased to announce that Prosperity REIT has completed a strategic review on its sustainability roadmap for the coming years till 2030.

Since launching our “Vision 2030” sustainability framework in 2020, we have managed to reduce energy consumption and GHG emissions by 17% and 38%¹ respectively. Taking a step further in our sustainability journey, Prosperity REIT will commit to new GHG emission targets², including Scope 3, using 2021 as a refreshed baseline year, aligning with the Science Based Targets initiative (“SBTi”). 

These targets² will be achieved via proactive implementation of a series of green asset enhancement initiatives (“AEIs”) that will benefit Prosperity REIT, the tenants and the community. These AEIs will not only reduce energy consumption and GHG emissions within our portfolio, but also generate savings in electricity and repairs & maintenance expenses. 

Ms. Mavis Wong, CEO and Executive Director of the REIT Manager, remarked, “At Prosperity REIT, sustainability is at the heart of our corporate strategy and business operations. The AEIs not only enhance our portfolio’s climate resilience but also provide cost savings for the REIT and the tenants, boosting our market competitiveness. Looking forward, we are committed to the transition to a low carbon business operation.”

About Prosperity REIT

Prosperity REIT [SEHK: 808] is a Hong Kong collective investment scheme authorized under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Prosperity REIT owns a diverse portfolio of seven high-quality properties in the decentralized business districts of Hong Kong, comprising all, or a portion of, three Grade A office buildings, one commercial building, two industrial/office buildings and one industrial building, with a total gross rentable area of about 1.28 million sq. ft..

www.prosperityreit.com

About the REIT Manager

ESR Asset Management (Prosperity) Limited (the "REIT Manager") is the manager of Prosperity REIT. The REIT Manager is a wholly-owned subsidiary of ESR Group Limited. ESR Group is Asia-Pacific’s leading New Economy real asset manager and one of the largest listed real estate investment managers globally.

www.esr.com

Disclaimer

The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Prosperity REIT in Hong Kong or any other jurisdiction.

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