Our Sustainability Approach
As a corporate citizen, Prosperity REIT firmly believes that integrating sustainability as part of our corporate culture and creating long-term values for our stakeholders and community is the cornerstone of long-term success. COVID-19 has caused unprecedented social and economic impacts globally. In order to alleviate the unprecedented challenges brought about by recent disruptive events including the pandemic, Prosperity REIT has taken expeditious actions to build and strengthen the long-term trust with its stakeholders.
Sustainability Vision 2030
Prosperity REIT’s “Vision 2030” strives to align its sustainability roadmap with the United Nations Sustainable Development Goals (UNSDGs). We will closely monitor the implementation and progress of the targets in the following four areas, and report to our Sustainability Steering Committee on a regular basis.
This section presents the ESG management and performance of Prosperity REIT in areas of sustainable development identified as material to the business. All seven assets under direct ownership and management of Prosperity REIT are in the scope of the section, reported according to the Environmental, Social and Governance Reporting Guide outlined in Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong (Listing Rules). These assets include The Metropolis Tower, Prosperity Millennia Plaza, 9 Chong Yip Street, Prosperity Place, Trendy Centre, Prosperity Center Property and New Treasure Centre Property.
Vision and Mission
Prosperity REIT was established based on ARA Asset Management Limited (ARA)’s core values of Respect, Excellence, Integrity and Teamwork, which lay the foundation of our sustainability vision and mission and guide our business objectives and strategies.
We adopt a holistic approach to formulate our sustainability strategy and integrate it into the decision-making process of our business. To allow better ESG management, we have identified 4 key pillars — Nature, People, Building/Services and Community that are core to Prosperity REIT. With the enhanced structure of the framework, we are committed to fostering a strong sustainability culture in all business units.