Media Coverage

Raymond Yau, Technical Services & Sustainable Development General Manager at Swire Properties, said that the Company has a long-term vision and commitment to sustainable development (SD) and believes it helps create sustained value, such as stronger relationships with tenants. He cited the Green Kitchen Initiative as an example that can simultaneously improve energy and water efficiency, air quality, waste management and reduce operating costs for food and beverage tenants.

Yau mentioned that while investing in SD often requires additional costs and resources, these expenses can be financed through green financing instruments, such as Sustainability Linked Loans, where the loan interest rate can be reduced if predefined SD performance targets are met.

Yau further added that to maintain Swire Properties’ SD leadership, the Company will pilot an internal carbon pricing mechanism to assess and quantify the potential impact and risks associated with carbon emissions from all projects. A fixed fee will also be charged for carbon emissions within the Company, with the new mechanism expected to help reallocate funds to low-carbon investment projects.

Swire Properties is firmly committed to SD, as demonstrated by its improved ranking from seventh to fourth in the global real estate industry of the Dow Jones Sustainability World Index 2022 and its consecutive top ranking in Asia for two years. Additionally, the Company is the top recipient of certifications under the Hong Kong Green Building Council’s "Zero-Carbon-Ready Building Certification Scheme".