The GPP Forum 2025 brought together over 170 participants from 56 companies across our office portfolio and sustainability partners, industry experts and Swire Properties colleagues. At this year’s annual event, held at ArtisTree in Taikoo Place, delegates connected, shared insights and collectively celebrated their sustainability achievements from the past year. One highlight was a panel discussion with C-suite executives. Their engaging dialogue explored current trends in corporate sustainability commitments amidst the evolving global political and economic landscape.

The forum concluded with an awards presentation, where certificates were presented to commend tenants’ outstanding performance in energy efficiency and waste diversion initiatives. In total, 113 tenants attained Member, Silver, Gold or Platinum ratings in the 2024/2025 cycle. Fourteen tenants received the highest Platinum rating for the Sustainable Office Operations Scheme, while two tenants received the highest Three-Seed rating in the Sustainable Fit-Out and Renovations Scheme.

Collective achievement highlights:

The GPP Academy offers office tenants learning experiences that let them tap into extensive industry knowledge and share best practices, and that inspire impactful actions to improve their energy, water and waste reduction performance. This year, we continued to partner with the Business Environment Council (“BEC”) to deliver four GPP Academy workshops in Hong Kong.

Starting the year, a tour of the West New Territories (“WENT”) landfill and T·Park was organised for tenants to gain firsthand insight into waste management and waste-to-energy solutions. Subsequent workshops delved into critical sustainability topics: one session explored how circularity is transforming office design to reduce environmental impact and promote wellbeing, while another fostered discussions on the water cycle and the disruptions caused by climate change and human activity. The final workshop provided tenants with practical knowledge on green building certifications and hands-on experience with our revamped SD Fit-out Guide, outlining clear pathways to a sustainable office. These learning experiences attracted over 130 participants from more than 70 companies.

The GPP Academy in the Chinese Mainland also hosted four educational events in 2025. These included a visit to Beijing's Chaoyang District Waste-to-Energy Plant and a series of ESG board games, demonstrating pragmatic tips to implement green office and lifestyle practices. In total, 37 tenant representatives from 11 companies participated.

Swire Properties continued to communicate GPP programme highlights through the quarterly GPP eNewsletter, which includes tenant spotlight interviews and regular feature articles covering a variety of sustainability-related topics such as waste reduction, water conservation and sustainable office design. This year’s spotlight articles featured tenants from the legal, consulting and advisory, public transportation and healthcare sectors, covering topics such as green leasing, future-ready transit and sustainable healthcare.

The GKI 3.0 includes a new initiative to engage tenants in better energy management through improved data collection. This smart metering pilot involves deploying smart energy sensors that monitor and optimise energy consumption, bringing three primary benefits:

We installed this system in six F&B outlets, which immediately began deriving energy saving insights like reducing energy use during non-operational hours and identifying appliances that may require maintenance or upgrades.

We promoted the GKI in various ways across our properties throughout the year, aiming to deepen awareness, encourage enrolment and promote eco-friendly dining options for all.

For two months, Citygate Outlets promoted dining at GKI restaurants as part of a broader F&B campaign. Shoppers could earn bonus CLUB CG loyalty points and redeem them for a limited-edition “Citygate Outlets x Don Mak Eco Cup” at Green Kitchen outlets. The campaign resulted in 990 redemptions, driving traffic to restaurants that prioritised sustainability in their design and operations.

As part of World Environment Day celebrations, HKRI Taikoo Hui, INDIGO, Taikoo Li Chengdu, Taikoo Li Qiantan and Taikoo Li Sanlitun all held GKI promotional campaigns during the month of June. The promotions obtained over 118,000 views across WeChat channels and shoppers were rewarded with bonus loyalty points for dining at F&B outlets recognised with Green Kitchen Awards.

Taikoo Li Qiantan also expanded its “green gastronomy map” through the GKI, further improving the sustainability of its F&B operations and offering customers transparent choices for sustainable dining. The number of GKI restaurants at Taikoo Li Qiantan grew to 30 in 2025.

In 2024, Swire Properties expanded our tenant engagement programme and launched the Green Retail Partnership, focusing on sustainable shop design, data sharing and performance improvements in retail shop operations. Moving the concept forward, we then formed a strategic partnership with a luxury retail conglomerate, LVMH, to enhance ESG performance across their stores, offices and F&B locations in the Chinese Mainland and Hong Kong. The new partnership set an industry benchmark for landlord-tenant collaboration on sustainable business practices.

In 2025, the partnership made significant progress, forming a GRP Committee with 10 of the conglomerate’s retail brands to facilitate the planning and adoption of a jointly-developed eco-design checklist for new stores located in Taikoo Li Sanya and Taikoo Li Xi’an. The checklist includes 15 measures covering lighting, interior design, energy andwater conservation, eco-friendly materials and waste management. In its inaugural meeting in March, the committee also discussed synergies, challenges and joint innovation on sustainable store design.

We also signed a memorandum of understanding (“MOU”) with global luxury group Kering in July 2025, which we will work together to enhance ESG performance across their stores in Swire Properties’ retail malls in Hong Kong and the Chinese Mainland. The MOU emphasises sustainable store design, improved ESG data sharing and monitoring and enhancing the environmental performance of store operations, including renewable electricity adoption, embodied carbon, circular design and effective energy, water and waste management.

Following a kick-off meeting in October involving the real estate and store planning teams of six brands under the group, pilot projects are now being developed to test the implementation of sustainable fit-out recommendations and identify suitable energy-saving and waste reduction initiatives.

Launched in 2017, Swire Properties’ The Loop initiative began with the establishment of our SD exhibition centre at FWD Tower (formerly Devon House), Taikoo Place. In 2021, we began extending The Loop’s community environmental engagement concept to other properties. This included partnering with an urban farm-centric social enterprise to promote urban farming at The Loop spaces. As of 2025, there are four The Loop urban farming premises across our properties:

During the year, The Loop farms produced over 300 kg of harvest from 54 types of crops and engaged more than 1,100 people. We also held over 50 events at The Loop spaces, including urban farming workshops for office tenants, co-farming programmes and public awareness activities for the community.`