2023-04-24
Swire Properties Launches Sustainable Development Report 2022
Swire Properties recently launched its Sustainable Development (SD) Report 2022 and 2022 Highlights online.
The Company’s ongoing efforts to integrate sustainable development into every facet of its business are now bearing fruit, highlights of which include:
Key Highlights:
The Company’s ongoing efforts to integrate sustainable development into every facet of its business are now bearing fruit, highlights of which include:
Key Highlights:
- Global & Regional Recognitions – Ranked 4th globally and No.1 in Asia on the Dow Jones Sustainability World Index; and topped the Hang Seng Corporate Sustainability Index for the 5th consecutive year, maintaining an “AAA” rating.
- Continued Progress Towards 1.5°C-aligned SBTs – Swire Properties achieved a 28% reduction of absolute Scope 1 and 2 carbon emissions (compared to 2019 baseline) and 40% reduction in carbon intensity for its tenants’ operations (compared to 2018 baseline) and set out a Net-zero Roadmap to guide the Company’s strategic investments and actions, supporting its net-zero commitment.
- Partnership With Key Stakeholders – Swire Properties launched the Green Performance Pledge (“GPP”), a performance-based landlord-tenant partnership in July 2022 and has received overwhelming interest. 52 of the Company’s tenants, representing around ~38% of the occupied lettable floor area of Swire Properties’ Hong Kong office portfolio, are already participating. The Green Kitchen Initiative, targeted at the Company’s F&B tenants also received positive feedback with 76 of its tenants recognised with Green Kitchen Awards.
- Expansion in sustainable finance – Approximately 60% of Swire Properties’ current bond and facilities came from green financing. Also, the Company will pilot an internal carbon pricing mechanism in 2023 to further support its transition towards a low-carbon economy.
- Building Whole Lifecycle Carbon Management – Swire Properties showcases Two Taikoo Place’s low-carbon building development strategies which span across the demolition, design, construction and operations stages and takes a deep look at its upfront embodied carbon emissions.
- Understanding the Lifecycle Carbon Emissions of Residential Projects – Swire Properties partnered with National University of Singapore in a whole lifecycle carbon assessment for its latest residential development, EIGHT STAR STREET, to explore how different design considerations might affect the building lifecycle carbon emissions.
- Placemaking – Published the Company’s third Places Impact Report, “The Creative Transformation of Taikoo Hui Guangzhou”, together with the South China University of Technology that explores the four dimensions of place – Vibrancy, Livelihood, Wellbeing and Resilience.
Moving forward, Swire Properties will continue to work closely with its tenants and partners to build and nurture great places that support sustainable, resilient and thriving communities.