One of our 2025 KPIs is to generate 4-6% of the landlord’s building energy from renewable or clean energy sources in selected new office developments. At Two Taikoo Place, we have installed solar PV panels, a wind turbine and a waste-to-energy tri-generation system. The renewable energy generation at Two Taikoo Place is expected to be equivalent to approximately 6% of the landlord’s building energy use.

We continue to explore other ways of increasing on-site renewable energy generation across our portfolio, such as installing solar PV panels on the roofs of existing developments such as Taikoo Place, INDIGO, Taikoo Hui Guangzhou and Taikoo Li Sanlitun.

Renewable energy is an integral part of Swire Properties’ decarbonisation journey. As we strive to meet our SD 2030 Strategy targets in a changing world, we are encountering new challenges, such as changing government regulations and limited renewable energy sources that are coming under increased demand from other companies trying to meet their own decarbonisation targets.

To stay on track, we are devising innovative solutions and mitigation measures. These include starting renewable energy procurement processes earlier, and exploring investing in our own off-site renewable energy facilities in partnership with utility companies.