Nan Fung Development created the “Net Positive Lease” initiative to foster shared value collaborations between the company and its tenants, encouraging ESG data sharing, carbon tracking, and social impact initiatives. The initiative includes a pledge document, incentive schemes, a carbon data tracking system with a tenant portal, location-specific social issue materials, and impact advisory services.
Business Value Creation Opportunity
– By supporting tenants’ decarbonisation efforts, Nan Fung can effectively manage its Scope 3 emissions, which constitute a significant portion of the company’s total emissions, and remain competitive in the market where sustainability is becoming a “hygiene factor.”
– The initiative helps Nan Fung conserve resources by facilitating other companies to invest socially around their buildings and enables the company to effectively manage rising utility expenses through energy-saving measures.
