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Listed on 12th August 2003 on the Singapore Exchange Securities Trading Limited with a dual primary listing on The Stock Exchange of Hong Kong Limited on 20th April 2010, Fortune REIT was Asia’s first cross-border REIT and also the first REIT to hold assets in Hong Kong. It currently holds a portfolio of 17 private housing estate retail properties in Hong Kong comprising 3.11 million square feet of retail space and 2,606 car parking spaces.
Fortune REIT has achieved sustainable growth and spawned enormous value for unitholders since its establishment. With a solid decade of experience in investment, management and enhancement of retail malls and properties around Hong Kong, Fortune REIT is committed to create long-term returns for unitholders and a thriving and enjoyable retail environment for tenants and shoppers. Fortune REIT incorporates green, environmentally-friendly considerations into its projects and operations.
Green Commitment
As a responsible corporation, Fortune REIT takes every reasonable measure to conserve resources and minimise waste throughout its business operations. They are committed to sustaining a green shopping environment within Fortune Malls for the benefit of shoppers and neighbouring
communities, as well as advocating a green culture among the general public. Fortune REIT will continue to roll out green initiatives to ensure a pleasant shopping experience to shoppers and the local community, raising the overall operating efficiency of Fortune Malls and thus enhancing returns to its unitholders.
Green Policy
To facilitate implementation of its Green Policy, in 2008, Fortune REIT established its Environmental Protection and Action Committee (EPAC) to formulate, implement and evaluate green measures. It then set up the Smoke-Free Culture Action Committee in 2011 to formulate, implement and review the Company’s smoke-free efforts. It promotes energy saving, mInimIses waste generation, promotes water conservation and reduces carbon emissions at its malls. It obtained ISO 14000:2004, an international standard granted to companies which comply with the Environmental Management System. Fortune REIT also encourages its tenants, staff and neighbouring communities to participate in environmentally friendly activities. Environmental enhancement initiatives are ongoing and continuous to raise efficiency of Fortune Malls and enhance returns to unitholders.
Green Investment
Fortune REIT invests in green initiatives. It installs energy efficient lighting and service-on-demand escalators to reduce power consumption. It installs T5 fluorescent tubes in carparks and LED lighting in washrooms for better lumen maintenance and longer lamp life. The Rainwater Harvest System has been utilised in one of its malls to collect rainwater for watering plants in the park. Green power electric exercise bikes and a solar-powered lighting system were installed on the flat roof of its mall, advocating a green culture among the general public.
Green Operations
Operationally, Fortune REIT takes steps to minimise its carbon footprint. It adjusts air-conditioning usage according to outdoor temperature changes in order to reduce carbon emissions. It conducts regular garden inspections and prunes more than 250 trees on the premises. It beautifies the mall with flowers during festivals for a lively atmosphere. Food waste collected from tenants is turned into fertiliser for enriching the mall’s landscape. Containers for separate collection of paper, plastic bottles and aluminum cans for recycling are placed inside its malls. It rolled out a comprehensive indoor air quality control policy in all 17 Fortune malls, focusing on providing a constant supply of fresh air by regular cleaning and inspection of the ventilation system as well as protecting it against outdoor pollution.
Implementing its green programmes doesn’t just help to protect the environment. It also enables the company to lower costs and, in turn, improves business performance. Fortune Malls’ energy consumption has been lowered through green initiatives, resulting in a 15 percent reduction in utility expenses, a reduction in energy consumption and emissions of more than two percent, and collection of 300 litres of rainwater.
Green Customer Service
Water saver filters at faucets have been installed inside the washrooms of its malls, saving up to 70 percent in water usage. An umbrella dryer was installed at its malls to help reduce the use of plastic umbrella bags. It has also applied Curtain Systems to prevent overheating at its malls and to save energy on air-conditioning.
Green Management
Fortune REIT received the “Best Landscape Award for Private Property Development 2014” organised by the Leisure and Cultural Services Department, recognising its outstanding performance in the betterment of its urban environments and for promoting environmental excellence through outstanding landscape design and horticultural maintenance. Fortune REIT garnered the “U Green Awards Excellence of Environmental Contributions” by U Magazine for the third consecutive year, in recognition of its achievements in energy savings, reducing emission and contributing to a greener community. Fortune REIT has received the “Hong Kong Smoke Free Leading Company 2013 – Gold Award” from the Hong Kong Council on Smoking and Health (“GOSH”), in recognition of its efforts in evangelising for a smoke-free culture across its 17 retail properties in Hong Kong.
Fortune Malls were awarded the “Indoor Air Quality Certificate” presented by the Environmental Protection Department and the Indoor Air Quality Information Centre. The Certificates were presented in recognition of its continuous efforts and achievements in pursuing the best level of indoor air quality within its malls.
Green Activities
Fortune REIT also arranges planting activities to promote the green concept to the public. A “Fortune Plantation Zone” has been opened at the podium of one of its malls to encourage tenants to grow edible plants and herbs. This exercise enables them to appreciate plant husbandry and enhance the quality of living while promoting awareness of protecting the environment. Fortune REIT also participates in Earth Hour Hong Kong which is organised by World Wide Fund for Nature (WWF) to promote the concept of energy saving on lighting.
