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 Scope 3 Emissions – Capital Goods 2022 progress against SBT Scope 3 – Capital Goods target for 2030 2030 Target 2022 Progress 25% 17% per square metre per square metre To reduce embodied carbon emissions throughout the lifecycle of our developments, we have established performance-based targets on embodied carbon for concrete, rebar and structural steel for future projects in Hong Kong. These targets were informed by comprehensive market research and communications with industry associations such as the Construction Industry Council. Since 2020, we have included low-carbon procurement specifications – developed in accordance with international standards such as ISO 14067 – for construction materials such as concrete with pulverised fuel ash (“PFA”) or ground granulated blast furnace slag (“GGBS”), rebar and structural steel with recycled content. 2022 marks the completion of Two Taikoo Place, our latest redevelopment project in Taikoo Place. Throughout the construction process, we continued to work closely with our contractors and suppliers to procure low-carbon building materials and foster better energy management at our construction sites. In 2022, we completed a cradle-to-site carbon footprint calculation for Two Taikoo Place, showing that the upfront embodied carbon emissions of Two Taikoo Place were 76,783 tonnes of CO e and 643.2 kg of 2 COe per square metre construction floor area. A 17% decrease in carbon intensity is achieved compared 2 to our 2016-2018 baseline year. This was attributed by: • Procurement of nearly one hundred percent of low-carbon concrete that had CIC Green Product Certification (Platinum rating) • Adoption of structural steel and rebar with high recycled content and manufactured by the electric arc furnace process • During construction, usage of a battery storage system to replace two traditional diesel generators used to power the two tower cranes – this avoided on-site air pollution and achieved lower carbon emissions For further information on our whole-lifecycle carbon management approach at Two Taikoo Place, please click here. SUSTAINABLE DEVELOPMENT REPORT 2022 177