|For Immediate Release||6 July 2021|
100% Renewable Electricity
continuing the Company's commitment to Business Ambition for 1.5°C
(6 July 2021, Guangzhou) - Swire Properties announced today that Taikoo Hui, Guangzhou, its flagship development in the Chinese mainland's Greater Bay Area, is now powered by 100 per cent renewable electricity. The Company is one of the first real estate developers in Guangdong Province to accomplish "net zero carbon" in its annual electricity consumption for landlord and tenants' operations.
With effect from 1 July 2021, the entire Taikoo Hui, Guangzhou development - including the premium shopping mall, two Grade-A office towers and the Mandarin Oriental Hotel - has been 100 per cent powered by renewable electricity, generated via off-site wind power and purchased from a third party. This was possible due to a new policy introduced by the Guangdong Provincial Government in June 2021, which allows enterprises to procure renewable electricity from a registered energy provider.
This milestone will allow Swire Properties to reduce Taikoo Hui, Guangzhou's annual CO2 emissions by over 12,000 tonnes and increase its mix of renewable electricity in the Chinese mainland to over 37 per cent.
"This is a significant achievement in our sustainable development journey and a highlight for Taikoo Hui, Guangzhou's 10th anniversary celebrations this year. We're committed to Business Ambition for 1.5°C and we'll be increasing our efforts to reduce carbon emissions," said Tim Blackburn, Chief Executive Officer, Chinese mainland, Swire Properties.
"As a pioneer in the area of sustainable development, we'll continue to lead by example by setting aggressive science-based targets, adopting global best practices and exploring the latest green building technologies to further enhance energy efficiency across all our portfolios. Our work at Taikoo Hui, Guangzhou and across the Chinese mainland, will contribute to the Central Government's pledge to achieve carbon neutrality before 2060."
Taikoo Hui, Guangzhou is at the forefront of Swire Properties' sustainable development endeavours. Since its opening in 2011, it has implemented a variety of technologies and initiatives to improve energy efficiency and has won multiple international accolades. The two office towers were the first in Guangzhou to achieve LEED Core and Shell Gold certification in 2012. It was also the first enclosed shopping mall in the world to earn LEED Existing Buildings Operations and Maintenance (EBOM) Platinum Certification in 2017, as well as the first mall in the city to install onsite solar photovoltaic panels on the roof. Diverse tenant-engagement activities, from the Green Pledge Programme to free energy audits, have also helped to enhance the development's overall sustainability performance.
In addition to Taikoo Hui, Guangzhou's most recent achievement, Sino-Ocean Taikoo Li Chengdu was the Company's first retail mall in the Chinese mainland to be powered by 100 per cent renewable electricity, starting from January 2020, followed by Swire Hotel's "The Temple House" in Chengdu since January 2021.
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, Cityplaza and Pacific Place. In addition to Hong Kong, the Company has investments in the Chinese mainland, the United States, Indonesia and Vietnam.
In the Chinese mainland, Swire Properties has six completed mixed-use developments in Beijing, Guangzhou, Chengdu and Shanghai, including Taikoo Li Qiantan, the retail project in Shanghai which is set to open in September 2021. The Company's attributable portfolio in the Chinese mainland amounts to some 1,277,000 sqm.
Visit Swire Properties' website at www.swireproperties.com.
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