MENU PLACES PEOPLE PARTNERS PEPERRFOFORRMMAANNCCEE PERFORMANCE ((ENENVVIIRROONNMENMENTT)) (ECONOMIC) Performance (Environment) Policies 2022 Progress Profile of Environmental Impacts Climate Change Energy Resource and Circularity Water Biodiversity Occupant Wellbeing Building/Asset Investments Funded by the Swire Pacific SD Fund, Swire Properties is piloting a PEDF solution at Building 15 and the RED of Taikoo Li Sanlitun. On-site implementation work commenced in late 2022 and completion is targeted for early 2023. Significant energy savings are anticipated, which will result in cost savings to tenants, lower carbon emissions and further support Company and government sustainability initiatives. Another PEDF pilot project is under development at Taikoo Hui Guangzhou. This will be tailor-made for DC applications and will improve the flexibility and reliability of the energy supply. The Global AI Challenge and Other Energy Saving Awards Swire Properties partnered with a digital automation and energy management company in the “Global AI Challenge for Building Electrical and Mechanical Facilities”, held between November 2021 and September 2022. Organised by the Hong Kong government’s Electrical and Mechanical Services Department and the Guangdong Provincial Association for Science and Technology, this global event highlighted AI development and applications in the building services industry. It aimed to promote international innovation and technology ideas through exchange and cooperation. The event was the first and largest AI event related to building electrical and mechanical services in the world. Our goal was to develop an AI model to predict the cooling demand of a commercial building and the joint team won the Grand Prize – the “Alliance Contracting Outstanding AI Influencer Award” and a Gold Award. We also had the best model accuracy in the Open Group, consisting of 44 global teams. The model is now being implemented in our Cloud-Based Smart Energy Management Platform and can accurately predict the cooling load in our buildings 24 hours in advance. Meanwhile, Taikoo Hui Guangzhou won the “Best Practice Award for Building Energy Efficiency”, hosted by Tsinghua University. The award recognised the development’s continuous improvement in building energy efficiency over the past 10 years. Taikoo Hui Guangzhou was also featured as a case study in Tsinghua University’s Annual Report on China Building Energy Efficiency 2022. SUSTAINABLE DEVELOPMENT REPORT 2022 191