Focusing on Resource Management and Circularity
In 2017, we developed our Waste Management Policy to guide our approaches to reducing waste, from the design and construction phases of our projects to the daily operation and management of our buildings. In 2020, Swire Properties began to review this policy to highlight the value of rethinking resource use and promoting circularity and, in 2021, we announced our Resource and Circularity Policy, putting greater emphasis on “designing out” waste and keeping products in use while continuing to enhance resource recovery and recycling across our operations.
Reframing waste in the context of resource use and management encourages our employees, tenants, suppliers, and others with whom we do business to engage with the topic with greater positivity and creativity before resources are consumed. This approach supports our transition to a circular economy and our goal to achieve zero waste to landfill by 2050. The emphasis on circularity will also help prepare the Company and our tenants for upcoming waste-related legislation, including compulsory garbage sorting legislation that has been introduced in major Chinese Mainland cities, municipal solid waste (“MSW”) charging in Hong Kong which will be implemented on 1 August 2024, and regulation of single-use plastics in Hong Kong which will commence on 22 April 2024.
Our Resource and Circularity Taskforces in Hong Kong and the Chinese Mainland – made up of representatives from our TSSD department, Portfolio Management and Hotels teams – meet regularly to evaluate our resource management strategies, analyse waste data, review progress towards our 2025 and 2030 KPIs, and facilitate new circularity initiatives.
Waste Diversion Rates
We track and collect data on more than 20 types of waste produced by our office and retail tenants, hotel guests and occupants of our residences. We strive to manage the downstream processes of each waste stream and work closely with our recycling partners to provide secure outlets for the recyclables we collect.
Total Amount of Waste Recycled
3,859 tonnes
10,771 tonnes
Preparing for Municipal Solid Waste (MSW) Charging in Hong Kong
In preparation for MSW charging in Hong Kong, we have thoroughly reviewed the waste management facilities, workflow and practices at our properties and arranged waste audits to help tenants identify waste reduction and recycling opportunities.
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Supporting a Circular Economy for Takeaway Packaging
Single-use plastic products are a major contributor to terrestrial and oceanic pollution. With the first phase of the Hong Kong government’s ban on single-use plastic tableware coming into force on April 2024, we continue to expand initiatives to promote reuse throughout 2023.
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Fitting Out and Renovating New Spaces with Circularity in Mind
We continue to promote the use of sustainable materials in our major renovation and fit-out projects, and also expand our green furniture management services for tenants.
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Ramping Up Waste Recycling Efforts
Since 2005, when Swire Properties installed our first food decomposer at one of our Hong Kong shopping malls, we have been working with our hotels, restaurants and tenants to deepen our food waste reduction and recycling efforts. In 2023, we also enhanced our coffee grounds and beverage cartons recycling programmes.
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Embedding Circularity into Events and Festive Celebrations
Events are an important part of Swire Properties’ placemaking and community-building efforts. Since launching our Green Guidelines for Event Management and Production of Collaterals in 2018, we strive to make it a priority to reduce waste and reuse and recycle materials at our events and celebrations wherever possible.
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Digitalising and Gamifying the Waste Reduction Journey
In 2023, we continue to embrace technologies that can digitalise the waste data collection process and gamify our collective waste reduction journey with tenants.
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