Swire Properties joins international initiative to limit global warming

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Swire Properties has joined the Business Ambition for 1.5°C campaign, launched by the Science Based Targets initiative in partnership with the United Nations Global Compact. As the first real estate developer in Hong Kong and the Chinese mainland to commit to this undertaking, the company is set to ramp up its current science-based targets to align with the pathway of limiting global warming to 1.5°C - a critical factor in achieving net-zero emissions by 2050. The commitment is in line with the goals of the Paris Agreement, and echoes the Hong Kong SAR and Chinese mainland's pledges to achieve carbon neutrality by 2050 and 2060 respectively.

"Climate change is an immediate and present crisis that must be tackled by everyone, and our signing of the Business Ambition for 1.5°C pledge is a step in the right direction and is absolutely the right thing to do," says Guy Bradley, Chief Executive of Swire Properties.

In 2020, all of Swire Properties' new developments achieved the highest ratings in green building certification and the company recently achieved a significant milestone with Sino-Ocean Taikoo Li Chengdu, which is now powered by 100 per cent renewable electricity.

Swire Properties is the only Hong Kong company to be listed on the Dow Jones Sustainability World Index for the fourth consecutive year and was ranked among the top 5% of real estate developers around the world in 2020. The developer was also named Global Sector Leader by the Global Real Estate Sustainability Benchmark ("GRESB"), an investor-driven global ESG benchmark and reporting framework.
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