Another Swire Properties development achieves "net zero carbon"

Taikoo Hui Guangzhou, Swire Properties' flagship development in the Greater Bay Area, is now powered by 100% renewable electricity. The company is one of the first real estate developers in Guangdong Province to accomplish "net zero carbon" in its annual electricity consumption for landlord and tenants' operations. With effect from 1st July, the entire development, including the premium shopping mall, two Grade-A office towers and the Mandarin Oriental Hotel, has been powered by electricity generated via off-site wind power or purchased from a third party. This was possible due to a new policy introduced by the Guangdong Provincial Government in June, which allows businesses to procure renewable electricity from a registered energy provider. 

This milestone will allow Swire Properties to reduce Taikoo Hui Guangzhou's annual CO2 emissions by over 12,000 tonnes and increase its mix of renewable electricity on the Chinese Mainland to over 37%. "This is a significant achievement and a highlight for Taikoo Hui Guangzhou's 10th anniversary celebrations this year," said Tim Blackburn, Swire Properties' Chief Executive. "Our work at Taikoo Hui Guangzhou and across the Chinese Mainland, will contribute to the Central Government’s pledge to achieve carbon neutrality before 2060."

In January 2020, Sino-Ocean Taikoo Li Chengdu became the company's first retail mall on the Chinese Mainland to be powered by 100% renewable electricity, and the adjoining Swire Hotels' The Temple House achieved net zero for electricity consumption in January this year.
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