Performance (Environment)

Swire Properties Biodiversity Guidelines

In 2022, we began developing Swire Properties Biodiversity Guidelines for Hong Kong and the Chinese Mainland. These guidelines aim to define the importance of biodiversity and the Company’s approach to protecting it across our developments. The guidelines explain the importance of biodiversity, list various laws and regulations, and recommend actions Swire Properties can take to protect and enhance biodiversity across all stages of our current and future properties.

In 2023, we completed the development of biodiversity guidelines for Hong Kong. These include examples and checklists that will help project teams and management offices with ways to enhance biodiversity in our properties and new projects.

Learn more about how Swire Properties integrates biodiversity considerations in its operations here.

Taikoo Place: Sustainable Development in Action

Taikoo Place is a successful showcase of Swire Properties’ placemaking strategy, with a wide range of tenant engagement activities centred on wellness, art and culture that make Taikoo Place a location of choice for corporates.

Seven office buildings completed recertification for the BEAM Plus Existing Buildings (“EB”) V2.0 (Comprehensive Scheme) and obtained the highest Platinum rating. Taikoo Place also received a final Platinum rating under LEED v4.1 for Cities and Communities: Existing, making the complex the first project in Hong Kong to receive LEED for Communities certification.

Learn more about Taikoo Place’s sustainability considerations here.

Two Taikoo Place – Decarbonisation Strategy along the Building Lifecycle

Swire Properties’ latest development, Two Taikoo Place, showcases our most recent low-carbon building development strategies. A whole-lifecycle carbon management approach was adopted by the project team to identify opportunities to reduce emissions spanning the demolition stage, design stage, construction stage and operations stage. In 2022, we completed a cradle-to-site carbon footprint calculation for Two Taikoo Place, showing that the upfront carbon emissions of Two Taikoo Place were 76,783 tonnes of CO2e and 643.2 kg of CO2e per square metre construction floor area. The major carbon emission hotspots came from embodied carbon from concrete, rebar and structural steel.

Learn more about Two Taikoo Place’s decarbonisation strategy here.

Integrated PEDF System at Taikoo Li Sanlitun

As our capacity to generate renewable energy at our properties increases, there is a growing need to explore more efficient ways to utilise the energy produced. Most of our on-site renewable energy comes from photovoltaic systems, which supply direct current (“DC”). By increasing onsite DC equipment and using a power distribution system which runs on DC instead of alternating current (“AC”), it is possible to reduce the energy losses incurred when converting between AC and DC. An integrated Photovoltaics, Energy Storage, Direct Current and Flexible Power System (PEDF) can reduce energy consumption by 5-10%.

Funded by the Swire Pacific SD Fund, Swire Properties piloted a PEDF solution at Building N15 and the RED at Taikoo Li Sanlitun in Beijing in 2023. Significant energy savings were anticipated, which would eventually result in cost savings to tenants and lower carbon emissions, providing further support to the SD initiatives of both the Company and the government.

Learn more about the PEDF system at Taikoo Li Sanlitun here.