Drivers of the Business Case The Business Case Strengthening the Case: Social Value The Social Value Case Future-Proofing The Value Proposition • 48-story commercial building in • Over HK$3,403 million of net Hong Kong, achieving the first proceeds had been allocated triple Platinum level certification to One Taikoo Place. The under LEED, WELL & BEAM Plus availability of this finance in Hong Kong has led to building-level sustainability credentials, • The project developer and including: sophisticated Internet owner, Swire Properties, is of Things (IoT) building energy highly committed to integrating management and optimisation sustainability considerations system has been adopted in into its financing mechanisms. the building through Artificial Through launching Hong Intelligence (AI) and Building Kong’s first certified green Information Modelling (BIM); bond worth US$500 million, tri-generation system running and a sustainability-linked loan on bio-diesel converted from with interest rate tied to the recycled cooking oil, plus 500m 2 company’s ESG performance, of combined photovoltaic (PV) the company supports the panels and green roof installed transition to a low-carbon, on the rooftop. An annual more resource-efficient and renewable energy of 135,500 sustainable economy, and kWh has been generated demonstrates its commitment to designing and developing • Taikoo Place has demonstrated sustainable building projects innovation in financing the that improve the wellbeing of construction of a sustainable building occupants and local building. communities • As of September 2020, close to 80% of the net proceeds from a total of five green bonds had been allocated to green building projects A WORLD GREEN BUILDING COUNCIL REPORT | 37