Swire Properties, New World offer solutions for tenants to cut energy, water usage and reduce waste

Swire Properties’ Green Performance Pledge is targeted at helping office clients reduce energy and water use as well as waste

NWD’s Creating Shared Value Lease initiative aims to raise tenants’ sustainability awareness and support efforts in energy saving and waste management

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Hong Kong’s office landlords are helping office tenants with their climate goals. Photo: Bloomberg

Published: 7:30am, 1 Jul 2022Updated: 9:13am, 1 Jul 2022

Hong Kong’s office landlords are increasingly helping tenants meet their climate goals with initiatives that allow them to monitor their energy use and retrofit buildings.

The initiatives, which are part of an industry-wide drive, are required if the city wants to reach its 2050 carbon neutral goal as buildings are a major source of greenhouse gas emissions.

Building on the premise of a green lease, Swire Properties has launched the Green Performance Pledge, an initiative that covers the entire tenancy cycle in the two areas of office fit-out and operations, with a focus on reducing energy and water use as well as waste.

While office tenants may already have their own sustainable development targets and initiatives in place, Swire Properties has been trying to “provide an array of tools to give them an extra push and assistance”, according to Don Taylor, director of office.

Swire Properties has launched an initiative at its Taikoo Place and Pacific Place office properties, with a focus on reducing energy and water use as well as waste. Photo: Handout

“In the past, limited information in terms of tenant’s energy, water and waste data and performance created a barrier for tenants to improve their sustainability performance,” said Taylor in an emailed interview.

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