Green bonds in 2018, Hong Kong’s Green financing market was still in its initial development stage.
To help our stakeholders better understand Green financing, we hosted the ESG Investor Day in 2019 and an ESG briefing in 2020 for investors; during which we discussed ESG topics with investors including Green financing. The events were very well-received.
What projects have been implemented with this framework? Over 90 per cent of the net proceeds from our Green Finance Transactions are mainly used for Green building development and construction, examples being the completed One Taikoo Place and the upcoming Two Taikoo Place.
Taking One Taikoo Place as an example, the entire office tower features SD
Green projects are subject to evaluation and selection prior to the actual use of any proceeds.
concepts—from design, construction to operations—and was designed and built according to the highest Green building and wellness standards. The building’s design and features all contribute to energy, water and waste reduction, which help lower operating costs such as electricity, and reduce the impact the building’s operations on the environment.
One Taikoo Place also features what many innovative elements, such as a waste- to-energy biodiesel tri-generation and adsorption system that combines heating, cooling and power generation. The system produces renewable energy from biodiesel (converted from waste cooking oil collected from our restaurants and F&B tenants) and waste heat from electricity
generation drives the adsorption chiller to provide chilled water for the building’s cooling and dehumidification systems. These features have helped us achieve the highest Green building certification, Platinum ratings including LEED, BEAM Plus and WELL schemes.
Similar Green elements will also be included for Two Taikoo Place, set for completion in 2022. We have incorporated features to generate renewable energy, increase energy efficiency, and manage water and wastewater in a more sustainable way.
How do you envision Green projects and its financing system in the future? Given the various environmental issues we face—including pressing crises such
The upcoming project Taikoo Place redevelopment, Two Taikoo Place
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