MENU PLACES PEOPLE PAPARRTTNNEERRSS PERFORMANCE PERFORMANCE (ENVIRONMENT) (ECONOMIC) Partners 2022 Progress Suppliers Tenants Customers Residential Owners, Occupiers and Serviced Apartment Residents The Green Kitchen Initiative 2.0 Launched in 2017, Swire Properties’ Green Kitchen Initiative is a platform that allows portfolio management teams and tenants to have sustainability conversations before fit-out and renovation projects commence, allowing both sides to collaborate on reducing energy and water usage and improving air quality and waste management – thus enhancing the sustainability performance of food and beverage outlets across our portfolios. Given the Green Kitchen Initiatives’ durable success and popularity, in 2022, we upgraded the scheme, rolling out the Green Kitchen Initiative 2.0. This includes several prerequisites for receiving the Green Kitchen Award, such as incorporating LED lights, flow controllers and food waste recycling. As of the end of 2022, 76 tenants across our Hong Kong and Chinese Mainland portfolios have received Green Kitchen Awards, with 24 being new to the programme in 2022. Six tenants received the Gold Three Leaf Award during the year - a special mention for the best performing tenants in the scheme. Examples of initiatives introduced by these winning tenants include: • Putting in place demand-controlled or variable-speed exhaust systems to reduce kitchen exhaust fan energy use and associated cooling and heating costs. • Installing dishwashers, steamers and refrigerating appliances with a heat recovery function. • Selecting highly energy-efficient cooking equipment. • Setting up food waste recycling and recycling facilities for items like glass bottles, beverage cartons, coffee grounds and polyfoam boxes. • Adopting exhaust systems with high purification efficiency. • Introducing smart systems to streamline production processes to prevent or even eliminate unnecessary waste. An analysis of the key impacts of the Green Kitchen Initiative at our EAST Hong Kong hotel’s FEAST restaurant between the second halves of 2019 (before renovation) and 2021 reveals a strong positive impact, including: • 6% reduction in electricity usage (excluding air conditioning) • 31% reduction in town gas usage • 19% reduction in water consumption SUSTAINABLE DEVELOPMENT REPORT 2022 142