2025-01-08

Swire Properties Endorses Collaboration Statement on Low Carbon Emission Steel for Real Estate in the Chinese Mainland



Swire Properties is excited to be among the first three developers to endorse a landmark statement that aims to accelerate the market transformation to low carbon emissions steel manufacturing in Chinese Mainland’s real estate industry. 

Swire Properties is honoured to join this transformative initiative convened by the “China Iron and Steel Association (CISA)”, “Urban Land Institute (ULI) Greenprint” and “World Steel Association (WSA)”. Swire Properties, Hang Lung Properties and Shui On Land are the first three real estate developers to endorse this landmark statement.

This initiative further expands the Company’s placemaking efforts and strengthens its commitment to integrating sustainability into every aspect of its business, particularly the built environment. The Company will take steps to accelerate progress in reducing emissions from steel in real estate:
 
  • Procurement – engage suppliers and propose options for low carbon emissions steel, whenever feasible;
  • Set Guidelines – agree on appropriate low carbon emissions steel standard for global and local markets; 
  • Disclosure & Transparency – improve the disclosure of lifecycle carbon emissions data for steel products being used at the Company’s new development projects;
  • Collaboration – partner with peers and stakeholders to address the cost of low carbon emissions steel and other challenges.