Building/Asset Investments
GRI 417
HKEX Aspect A3, B6, KPI A3.1, B6.4
HKEX Aspect A3, B6, KPI A3.1, B6.4
As part of our management approach to identify and manage the significant impacts of our buildings on the environment and natural resources, we aim to obtain certification for our buildings under environmental building assessment schemes that provide benchmarks and objective standards against which we can measure our performance.
As part of our Building/Asset Investments focus area, we support green building development.
The relevant SDGs are:
SDG 11
Making cities and human settlements inclusive, safe, resilient, and sustainable.
SDG 12
Ensuring sustainable consumption and production patterns.
Demonstrating and Sustaining Green Building Leadership
Our projects employ an integrated design approach in accordance with the requirements of several internationally recognised green building standards and rating schemes. This requires members of our Project and Operations teams to work together in areas ranging from building design to construction and operation.
In 2021, Swire Properties became the first developer in Hong Kong and the Chinese Mainland to join the World Green Building Council’s (“WorldGBC”) Corporate Advisory Board. As part of a select group of global leaders in sustainability, companies that sit on the Corporate Advisory Board guide WorldGBC strategy and activities to accelerate the sustainable building movement.
We also encourage our tenants to participate in environmental building assessment schemes and work closely with them to implement sustainability strategies that will help them achieve the relevant certifications.
These include local and international green building certification schemes such as:
- BEAM Plus, a set of standards recognised and certified by the Hong Kong Green Building Council.
- LEED, a rating system devised by the United States Green Building Council.
- The China Green Building Label, issued by the Ministry of Construction in the Chinese Mainland.
- WELL, a certification scheme developed by the International WELL Building Institute.
- SmartScore – certification that recognises and promotes technologically advanced smart buildings globally.
- WiredScore – certification for offices that assesses digital connectivity in commercial real estate.
We also have an SD fit-out programme, part of our Green Performance Pledge, which offers a set of SD fit-out technical guidelines for new tenants and existing tenants planning a renovation. These guidelines feature user-friendly templates, office design tips and a validation and recognition system to improve energy and water efficiency, reduce waste and enhance employee wellness.
Green Buildings as a Percentage of our Portfolio
94% of wholly-owned existing buildings30 are certified green buildings, of which 98% have achieved the highest ratings.
100% of wholly-owned projects under development31 have achieved green building certification ratings.
30 | “Wholly-owned existing buildings” do not include joint venture projects and trading properties and are measured as the percentage of total GFA. |
31 | “Projects under development” refers to projects that are under construction or in the precertification stage and does not include joint venture projects and trading properties. |
Green Buildings Certified in 2023
In 2023, 14 commercial buildings in our Hong Kong portfolio had completed recertification for the BEAM Plus Existing Buildings (“EB”) V2.0 (Comprehensive Scheme).
This is Swire Properties’ second time obtaining the highest Platinum ratings of BEAM Plus EB for the buildings below, both in 2018 and for the recent renewal:
- Pacific Place: One Pacific Place, Two Pacific Place, Three Pacific Place, Five Pacific Place, and Pacific Place Mall
- Taikoo Place: Cambridge House, Devon House, Lincoln House, One Island East, Oxford House, PCCW Tower, and Dorset House
- Citygate: Citygate Mall, One Citygate
Green Building Award 2023 and RICS Award 2023
Green Building Award 2023
Citygate Outlets received the Grand Award in the Existing Buildings – Facilities Management category at the 2023 HKGBC Green Building Award 2023 ceremony. Citygate Outlets was awarded for its sustainable design and operational excellence in terms of energy, waste, water and IAQ, its active engagement with tenants and the community, and its comprehensive climate risk assessment.
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RICS Awards Hong Kong 2023
Swire Properties was honoured to once again receive the Sustainability Award at the RICS Hong Kong Awards 2023, officially recognising our pioneering sustainability efforts and achievements. Named in particular were our Green Performance Pledge, our Green Kitchen Initiative and The Loop, which achieved excellence in driving sustainability through tenant engagement and digitalisation in the areas of decarbonisation and biodiversity.
Taikoo Li Qiantan Wins Multiple Awards
Taikoo Li Qiantan was named Commercial Property Project of the Year at the RICS Awards China 2023, which recognises inspirational initiatives and leading developments in the built and natural environments. The complex also won the Grand Award in the Building Outside Hong Kong category at the Quality Building Award 2022. These top awards reflect Taikoo Li Qiantan’s high standards of professionalism in design, operation and management.
Taikoo Place Obtains LEED for Cities and Communities Certification
Taikoo Place received a final Gold 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. This includes the 10 commercial buildings that are well-connected by footbridge, EAST Residences and the extensive open landscape at Taikoo Square, Taikoo Garden and Taikoo Park. LEED for Communities evaluates a development’s performance across several topics including community infrastructure, services, sustainability, and quality of life.
We have put considerable effort into making this redevelopment project into a leading example of a planned resilient, green, inclusive, and smart community.
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HKRI Taikoo Hui Receives LEED Platinum Certification
In May 2023, HKRI Taikoo Hui was awarded Platinum certification in LEED v4.1 for Operations & Maintenance: Existing Buildings. The highest LEED certification, this covers the development’s shopping mall and two Grade A office towers and represents a new milestone in health and sustainability standards for the complex since it opened in 2017. Among the comprehensive measures taken to receive this certification were improved energy-, water- and natural gas-use efficiency, sustainable supply chain initiatives, eco-friendly irrigation systems, and participation in our Green Performance Pledge and Green Kitchen Initiative schemes.
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Pacific Place Received LEED Platinum Certification for Existing Building Operation and Maintenance
This year, we obtained LEED Existing Building Operation and Maintenance Platinum accreditation for our Pacific Place office portfolio – One Pacific Place, Two Pacific Place and Three Pacific Place. The accreditation reflects our continuous improvement in terms of building sustainability, energy performance, and lower operations and maintenance costs.
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