Spring City 66, Kunming is Hang Lung’s First Property 100% Powered by Renewable Energy

SAR – Media OutReach – 29 December 2021 – Hang
Lung Properties (Stock Code: 00101) (the “Company” or “Hang Lung”) is pleased
to announce that its world-class commercial complex in Kunming, Spring City 66
is now 100% powered by renewable energy, making it the first development of the
Company and the first commercial complex in Yunnan Province to achieve net zero
carbon emissions in terms of annual electricity consumption for both landlords’
and tenants’ operations.


Spring City 66, Kunming

City 66 is a notable example of Hang Lung’s sustainability philosophy. Opened
in 2019, this commercial development has implemented the latest technologies
and various measures to improve its energy efficiency. It has also attained the
Leadership in Energy and Environmental Design (LEED) for Core and Shell
Development – Gold Level certification
issued by the U.S. Green Building Council in 2020 for its mall and office tower.
The renewable energy procurement will provide
approximately 57,800MWh of electricity per year from solar and wind, and
thereby reduce the property’s carbon emissions by approximately 46,471 tonnes
per year. The transaction will take the Company’s own
usage of renewable electricity in its Mainland developments to over 14% and
accelerate Hang Lung’s progress in achieving ambitious greenhouse gas reductions.
It will also help our tenants to reduce their own carbon emissions.

“The procurement of 100% renewable energy
for Hang Lung’s Spring City 66 project in Kunming is a significant milestone on
our sustainability journey, and a major step toward our 2030 Sustainability
Goals and Targets announced last year. The transaction reaffirms our commitment
to achieving net-zero, and also supports the Central Government’s pledge of
achieving carbon neutrality by 2060. While Hang Lung is happy to reach this
milestone, we will continue to explore opportunities in renewable energy for
our developments across China,” said Mr. Adriel Chan, Vice Chair of Hang Lung
Properties, who also chairs the Company’s Sustainability Steering Committee.

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