2021-04-29
[Swire Properties] Swire Properties Launched Sustainable Development Report 2020
Swire Properties has recently launched their annual web-based “Sustainable Development (SD) Report 2020” and the “SD 2030 Strategy: 2020 Highlights”.
The Company had a banner year in terms of sustainability achievements, despite the unprecedented challenges posed by COVID-19. 2020 was a particular important year as the Company worked to deliver the 2020 targets. While the Company has achieved most of the 80+ targets set for 2020, the Company has set a set of new and ambitious targets for 2025 and 2030, as part of the journey for the Company advancing to 2030.
Swire Properties continues to work on their long-term decarbonisation goals to achieve net-zero carbon emissions by 2050. In December 2020, Swire Properties became the first real estate developer in Hong Kong and the Chinese mainland to commit to the Business Ambition for 1.5⁰C. The Company is now ramping up their science-based targets to align with the 1.5°C trajectory, in order to contribute to the transition to a net-zero emissions economy.
The construction sector plays a key role in tackling embodied carbon in the built environment. To support the procurement of low-carbon construction materials for its new development projects, Swire Properties has established low carbon procurement specifications for building materials such as concrete, reinforcement bar and structural steel, facilitating the construction contractors and supply chain partners to increase the use of recycled materials with lower embodied carbon.
Swire Properties has furthered its efforts in developing and operating certified green buildings - in 2020, 97 % of all the Company’s existing buildings are certified green buildings, of which 85% have achieved the highest Platinum ratings.
The Company also accelerates its supports to the development of green capital markets. Approximately 30% of the Company’s current bond and loan facilities are from green financing through green bonds, sustainability-linked loans, and in 2020, the first five-year HK$1 billion green loan. The proceeds from these green financing instrument will fund on-going green building developments and technologies that will save energy and water and enable further investment on renewable energy.
Moving forward, the Company will keep innovating and pushing boundaries to advance to its SD vision, and encourage all their peers to join the effort in shaping a green, low-carbon built environment to reach net-zero carbon emissions.
The Company had a banner year in terms of sustainability achievements, despite the unprecedented challenges posed by COVID-19. 2020 was a particular important year as the Company worked to deliver the 2020 targets. While the Company has achieved most of the 80+ targets set for 2020, the Company has set a set of new and ambitious targets for 2025 and 2030, as part of the journey for the Company advancing to 2030.
Swire Properties continues to work on their long-term decarbonisation goals to achieve net-zero carbon emissions by 2050. In December 2020, Swire Properties became the first real estate developer in Hong Kong and the Chinese mainland to commit to the Business Ambition for 1.5⁰C. The Company is now ramping up their science-based targets to align with the 1.5°C trajectory, in order to contribute to the transition to a net-zero emissions economy.
The construction sector plays a key role in tackling embodied carbon in the built environment. To support the procurement of low-carbon construction materials for its new development projects, Swire Properties has established low carbon procurement specifications for building materials such as concrete, reinforcement bar and structural steel, facilitating the construction contractors and supply chain partners to increase the use of recycled materials with lower embodied carbon.
Swire Properties has furthered its efforts in developing and operating certified green buildings - in 2020, 97 % of all the Company’s existing buildings are certified green buildings, of which 85% have achieved the highest Platinum ratings.
The Company also accelerates its supports to the development of green capital markets. Approximately 30% of the Company’s current bond and loan facilities are from green financing through green bonds, sustainability-linked loans, and in 2020, the first five-year HK$1 billion green loan. The proceeds from these green financing instrument will fund on-going green building developments and technologies that will save energy and water and enable further investment on renewable energy.
Moving forward, the Company will keep innovating and pushing boundaries to advance to its SD vision, and encourage all their peers to join the effort in shaping a green, low-carbon built environment to reach net-zero carbon emissions.