Swire Properties achieves 100% renewable electricity at Sino-Ocean Taikoo Li Chengdu

Swire Properties is pleased to announce that its Sino-Ocean Taikoo Li Chengdu development in Sichuan Province is now powered by 100 per cent renewable electricity, making Swire Properties one of the first companies in Sichuan to achieve "net zero carbon" in its annual electricity consumption for landlord's and tenants' operations in 2020.

"As a leader in driving sustainable operations, Swire Properties has set stringent targets to achieve through our Sustainable Development (SD) 2030 Strategy. Helped by the abundance of natural resources available in Sichuan Province, we are delighted to grasp this opportunity to successfully secure 100 per cent renewable electricity for Sino-Ocean Taikoo Li Chengdu, which underlines our commitment to enhance the lives of people who live and work within our developments and the surrounding communities," said Tim Blackburn, Chief Executive Officer, Chinese mainland, Swire Properties.

Since its opening, Sino-Ocean Taikoo Li Chengdu has implemented a variety of technologies and initiatives to improve energy efficiency. The complex has progressively increased the use of renewable energy sources in its electricity mix and achieved 70 per cent of its electricity from renewable sources since 2018. Earlier this year, the Sichuan Provincial Government implemented a new policy that allows enterprises to procure renewable electricity generated by hydropower, as well as solar and wind power through contracting with a registered power retailer. The new policy enables the development to address the remaining 30 per cent of electricity consumption to achieve "net zero carbon".

Besides enabling the Company to reduce the Chengdu portfolio's overall CO2 emissions by approximately 8,500 tonnes each year, the move also takes Swire Properties' renewable electricity mix in its Chinese mainland developments to over 15 per cent.

Swire Properties is committed to reducing the carbon footprint of its developments in Hong Kong and the Chinese mainland. To support the long-term decarbonisation target set out in the Paris Agreement, the Company became the first real estate developer operating in Hong Kong and the Chinese mainland to have its decarbonisation targets approved by the Science Based Targets initiative (SBTi) in 2019.

Sino-Ocean Taikoo Li Chengdu is now powered by 100 per cent renewable electricity and has achieved "net zero carbon" for its electricity consumption.

 

 

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, Singapore, Indonesia and Vietnam.

About Sino-Ocean Taikoo Li Chengdu
Located in the city centre of Chengdu, Sino-Ocean Taikoo Li Chengdu is a mixed-use development jointly developed by Swire Properties and Sino-Ocean Group. Opened in 2015, the development comprises an open-plan, low-rise and lane-driven shopping mall, and The Temple House - an understated luxury urban hotel with 100 Rooms and 42 Residences.