2021-03-24
[News from HKGBC Patron Member - Swire Properties] Swire Properties Commits to the Business Ambition for 1.5°C
Ever a trailblazer in the world of sustainability, Swire Properties has become the first real estate developer in Hong Kong and the Chinese mainland to join the Business Ambition for 1.5°C campaign.
Swire Properties is now ramping up their science-based targets approved in 2019 to align with the 1.5°C pathway, which sees participants commit to working together to achieve net-zero carbon emissions by 2050 and limiting global warming to 1.5°C.
This is the latest milestone in Swire Properties’ long-running sustainability journey. In 1995, the Company was instrumental in establishing the HK-BEAM green building assessment standard. By the 2000s, they had begun setting ambitious energy saving targets - and achieving them.
Comprehensive strategy as a foundation
In 2016, Swire Properties launched a Company-wide Sustainable Development 2030 Strategy and established 82 KPIs to achieve by 2020, including decarbonisation, energy reduction, waste reduction, indoor air quality improvement, and many more. By 2020, 79 of these KPIs had been reached. The Company recently established KPIs for 2025 and 2030 to drive sustainability forward; they now are firmly on track to achieve their vision: to be the leading sustainable development performer in the real estate industry globally by 2030.
Innovation is key
Building on decades of experience, today Swire Properties employs cutting-edge technologies that create significant sustainability results – like a cloud-based smart energy management platform which uses big data analysis and AI to optimise energy consumption. By gathering and analysing vast amounts of data, they can also apply monitoring-based commissioning and retro-commissioning tactics to improve existing buildings’ energy efficiency.
The Company’s partnerships have amplified their achievements. Since 2011, they have worked with Tsinghua University through the Joint Research Centre for Building Energy Efficiency and Sustainability to improve environmental performance in their projects. And a recent collaboration with HKUST devised a pioneering study on analysing cradle-to-site carbon footprint data for One Taikoo Place; which led to the development of an embodied carbon accounting tool for future developments.
Sustainability: We All Count
Data and partnerships are also the keys to the Company’s latest sustainable development advocacy effort: becoming the Principal Partner for the Hong Kong Green Building Council’s inaugural Advancing Net Zero Ideas Competition. Supporting the World Green Building Council’s global Advancing Net Zero project, the competition aims to encourage innovative entries from around the world with designs for future-ready buildings that enable a net-zero emissions economy.
Through their continuing pursuit of such initiatives, Swire Properties hopes to encourage all in the property industry and beyond to advance to net-zero.
Swire Properties is now ramping up their science-based targets approved in 2019 to align with the 1.5°C pathway, which sees participants commit to working together to achieve net-zero carbon emissions by 2050 and limiting global warming to 1.5°C.
This is the latest milestone in Swire Properties’ long-running sustainability journey. In 1995, the Company was instrumental in establishing the HK-BEAM green building assessment standard. By the 2000s, they had begun setting ambitious energy saving targets - and achieving them.
Comprehensive strategy as a foundation
In 2016, Swire Properties launched a Company-wide Sustainable Development 2030 Strategy and established 82 KPIs to achieve by 2020, including decarbonisation, energy reduction, waste reduction, indoor air quality improvement, and many more. By 2020, 79 of these KPIs had been reached. The Company recently established KPIs for 2025 and 2030 to drive sustainability forward; they now are firmly on track to achieve their vision: to be the leading sustainable development performer in the real estate industry globally by 2030.
Innovation is key
Building on decades of experience, today Swire Properties employs cutting-edge technologies that create significant sustainability results – like a cloud-based smart energy management platform which uses big data analysis and AI to optimise energy consumption. By gathering and analysing vast amounts of data, they can also apply monitoring-based commissioning and retro-commissioning tactics to improve existing buildings’ energy efficiency.
The Company’s partnerships have amplified their achievements. Since 2011, they have worked with Tsinghua University through the Joint Research Centre for Building Energy Efficiency and Sustainability to improve environmental performance in their projects. And a recent collaboration with HKUST devised a pioneering study on analysing cradle-to-site carbon footprint data for One Taikoo Place; which led to the development of an embodied carbon accounting tool for future developments.
Sustainability: We All Count
Data and partnerships are also the keys to the Company’s latest sustainable development advocacy effort: becoming the Principal Partner for the Hong Kong Green Building Council’s inaugural Advancing Net Zero Ideas Competition. Supporting the World Green Building Council’s global Advancing Net Zero project, the competition aims to encourage innovative entries from around the world with designs for future-ready buildings that enable a net-zero emissions economy.
Through their continuing pursuit of such initiatives, Swire Properties hopes to encourage all in the property industry and beyond to advance to net-zero.
For further details, navigate to www.swireproperties.com
