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Hong Kong office tenants achieve a 10% improvement in energy and water efficiency1
17 July 2026, Hong Kong – Swire Properties’ proprietary sustainability initiative for office tenants, the Green Performance Pledge (GPP), has achieved record participation levels. A total of 256 tenants – representing approximately 70% of the occupied lettable floor area across the Company’s office portfolios in Hong Kong and the Chinese Mainland – have now joined the initiative, representing a 46% year-on-year increase.
Built on a strong foundation of collaboration and shared ambition, the GPP is an industry-leading, performance-based landlord-tenant partnership that drives measurable sustainability results. Over the past five years since the programme was launched, GPP tenants in Hong Kong have collectively improved their key sustainability indicators significantly, including a 10% improvement in both electricity and water efficiency, and a 5%-point increase in waste diversion1.
In the year from April 2025 to March 2026, GPP tenants in Hong Kong collectively reduced their electricity consumption by 394,000kWh (the equivalent of the annual electricity consumption of 120 local households); reduced their water consumption by approximately 1,000m3 (or the equivalent of over 18,000 showers); and diverted more than 270 tonnes of waste from landfill through waste recycling initiatives.2
Since the GPP’s pilot launch in the Chinese Mainland in 2022, GPP tenants have recorded significant improvements in their sustainability performance. Of the GPP tenants that participated in both the 2023/24 and 2024/25 programmes, 58% reduced their electricity use intensity, 46% reduced their water use intensity, and 72% enhanced their waste diversion rate year-on-year.
Celebrating Tenants’ Environmental Excellence at Annual GPP Forum
Tenants’ outstanding achievements were recognised at the annual GPP Forum on 8 July, with a total of 166 tenants in Hong Kong being awarded Member, Silver, Gold or Platinum ratings for the 2025/26 year. Nineteen tenants attained Platinum ratings for their outstanding performance in the Sustainable Office Operations Scheme. Two tenants received the highest Three-Seed rating as part of the Sustainable Fit-Out and Renovations Scheme. Overall, 90% of existing GPP tenants maintained or improved their GPP rating year-on-year.
The highlight of the event was a panel discussion moderated by Christine Loh, Chief Development Strategist at the Institute for the Environment at Hong Kong University of Science and Technology, featuring panellists Carmen Tsang, Head of Sustainable Investment Banking, Greater China, Crédit Agricole CIB; Edward Farrelly, Senior Vice President, Real Estate Industry Lead Asia, Marsh Risk; Lit Ping Low, Group Sustainability Director, DFI Retail Group; and Miguel Orti Rodriguez, Chief Financial Officer, Mox Bank. During the session, speakers explored how their organisations are responding to an increasingly complex and unpredictable operating environment, and shared practical examples of embedding resilience into day-to-day operations and long-term business strategy.
“As the GPP reaches another significant milestone, we are proud to partner with a growing network of our office tenants across Hong Kong and the Chinese Mainland to achieve more substantial sustainability results,” said Don Taylor, Director, Office at Swire Properties.
“We look forward to extending our collaboration as we continue to scale the programme’s impact by addressing the lifecycle of the premises – from sustainable fit-outs and reinstatements that reduce embodied carbon and construction waste, to initiatives that enhance wellbeing, community engagement and social impact. Our goal is to create workplaces that are not only more sustainable, but also healthier, more inclusive, and more connected.”
Scaling Impact through the GPP
The GPP now promotes employee wellbeing by recognising tenants that maintain good indoor air quality standards. The programme also advances circularity by encouraging the use of sustainable materials, flexible office design and waste reduction during renovation works.
New circular solutions were also piloted within the GPP community, including the recycling of used hand towels into paper products that can be reintroduced into building operations, as well as reusable tableware to help tenants reduce single-use items when hosting meetings and events.
To date, Swire Properties and GPP tenants have supported over 116 events and prevented more than 16,800 single use items from being sent to the landfill. The GPP also serves as a platform for engaging tenants in socially impactful initiatives. In 2026, Swire Properties launched the “Community Ambassadors x Partners Volunteer Hub”, enabling 1,000 colleagues from our office tenants to take part in volunteering activities organised by the Swire Properties Community Ambassador corporate volunteer programme and its NGO partners.
For more information on the GPP: https://gpp.swireproperties.com/en/
Appendix:
List of occupants (in alphabetical order) receiving a Platinum rating under the Sustainable Office Operations Scheme:
List of occupants (in alphabetical order) receiving a Three-seed rating under the Sustainable Fit-out and Renovations Scheme:
Photo Captions
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Swire Properties’ proprietary sustainability initiative for office tenants, the Green Performance Pledge (GPP), has achieved record participation levels. A total of 256 tenants – representing approximately 70% of the occupied lettable floor area across the Company’s office portfolios in Hong Kong and the Chinese Mainland – have now joined the initiative, representing a 46% year-on-year increase.
Don Taylor, Director, Office at Swire Properties, highlighted that the GPP will continue to its impact by addressing the lifecycle of the premises – from sustainable fit-outs and reinstatements that reduce embodied carbon and construction waste, to initiatives that enhance wellbeing, community engagement and social impact.
The highlight of the event was a panel discussion, where speakers explored how their organisations are responding to an increasingly complex and unpredictable operating environment, and shared practical examples of embedding resilience into day-to-day operations and long-term business strategy.
About Swire Properties
Swire Properties develops and manages commercial, retail, hotel, and residential properties, with a particular focus on mixed-use developments in prime locations at major mass transportation intersections. Swire Properties is listed on the Main Board of the Stock Exchange of Hong Kong and its investment portfolio in Hong Kong comprises Taikoo Place, Pacific Place, Cityplaza and Citygate. The Company’s completed portfolio in Hong Kong comprises approximately 1.51 million sqm (approximately 16.3 million sq ft) of space.
In the Chinese Mainland, Swire Properties has six completed mixed-use developments. They include Taikoo Li Sanlitun and INDIGO^ in Beijing, HKRI Taikoo Hui and Taikoo Li Qiantan in Shanghai, Taikoo Hui Guangzhou and Taikoo Li Chengdu. Taikoo Place Beijing^, Taikoo Li Xi’an, Taikoo Li Sanya*, the expansion of Taikoo Li Qiantan, Lujiazui Taikoo Yuan in Shanghai and Taikoo Li Julong Wan Guangzhou are currently under development. The Company’s completed portfolio in the Chinese Mainland comprises approximately 1.3 million sqm (14.4 million sq ft) of space.
In addition to Hong Kong and the Chinese Mainland, the Company has a presence in Indonesia, Vietnam, Singapore, Thailand and Miami, U.S.A.
Visit Swire Properties’ website at www.swireproperties.com
1 Overall average electricity use intensity (EUI) consistently decreased between 2022/23 and 2025/26 (a 11% reduction); Overall average water use intensity (WUI) consistently decreased between 2023/24 and 2025/26 (a 10% reduction); Overall average waste diversion rate improved between 2022/23 and 2025/26 (a 5%-point increase).
2 The calculation is based on GPP tenants that participated in the 2025/26 and 2024/25 award cycles. The comparison is based on the Water Supplies Department domestic water consumption survey.
^Taikoo Place Beijing will include the existing INDIGO upon completion.
*Project name has yet to be confirmed.