SWIRE PROPERTIES ANNUAL REPORT 2023 Artist’s Impression Taikoo Li Xi’an adopts a whole building Swire Properties establishes itself as a lifecycle carbon management approach, high achiever with 17 of its buildings certified driving operational net-zero through ground under the Zero-Carbon-Ready Building source heat pump innovation Certification Scheme Chinese Mainland Hong Kong Energy Resources & Circularity In 2023, our electricity-use intensity decreased by In 2023, we focused our efforts on preparing our 12% compared to a 2019 baseline at our Hong Kong Hong Kong commercial and residential portfolios for the and Chinese Mainland properties. The reduction Municipal Solid Waste Charging scheme. We partnered reflected better monitoring of heating, ventilation with the Hong Kong Productivity Council to review the and air-conditioning systems via our cloud-based waste management facilities and practices at Pacific Place smart-energy management platform; the installation and Taikoo Shing, identify gaps and risks, and prepare of oil-free chillers; installation of variable speed drives; guidance to help stakeholders comply with the upcoming the installation of energy valves; and the use of more legislation. We also partnered with the Business energy-efficient lighting. Environment Council to conduct waste audits for 20 F&B We continued to explore ways to increase renewable tenants at Cityplaza and Citygate Outlets and provide energy adoption across our portfolios. In 2023, specific recommendations to improve waste separation we installed a 24.4 kW photovoltaic (“PV”) system and reduce waste. at Cambridge House. In December, we succeeded in Swire Properties continued to promote reuse throughout securing 100% off-site renewable electricity for both 2023. Building upon the successful implementation at landlord and tenant operations at Taikoo Li Sanlitun and Taikoo Place, our Smart Reusable Cup Programme was INDIGO in Beijing for 2024. expanded to Pacific Place Mall in October 2023. The project Swire Properties’ energy management efforts also have has received support from 16 F&B outlets, allowing been recognised. 17 of our buildings in Hong Kong customers to request a reusable cup when placing an order received the Hong Kong Green Building Council’s and return it at any of the return stations at our portfolios. newly-launched Zero-Carbon-Ready Building Broadening the programme’s reach will also support Certification, the most received by a developer. Six of preparations for the Government’s regulation on single-use the buildings received a “Super Low” rating on the plastics, which will be implemented on 22 April 2024. Since landlord side, with two of them, One Taikoo Place and the programme’s launch, we have prevented the disposal of Two Pacific Place, receiving a “Super Low” rating in both over 23,000 single-use cups at Taikoo Place and Pacific the landlord and whole building categories. Place collectively. 133