Shui On Workx Joins Forces With LEED to Launch the 'Deep' Green Lease Program
At an official signing ceremony, Shui On Workx launched its latest sustainable innovation program, the 'Deep' Green Lease, in collaboration with the U.S. Green Building Council (USGBC), developer and owner of the LEED green building and city rating system.
November 14, 2022. By News Bureau
The first of its kind and differing from preceding voluntary green initiatives, the 'Deep' Green Lease is a contractually binding sustainable lease that introduces financial incentives for tenants, in addition to regular office lease terms, to promote energy savings with the plan to further explore water reduction and waste recycling in the future.
Ushering in a new era of sustainability, Shui On Workx's "Deep" Green Lease is the latest milestone that represents the Group's continuing efforts in the areas of energy saving and carbon emission reduction to correspond to its 5C Sustainable Development Strategy.
"Our 'Deep' Green Lease partnership between Shui On Workx and LEED is an exciting, new development in sustainable work solutions – and at the very heart of our 'value creation' ethos," says Betty Wang, General Manager of Commercial Management (Office) of Shui On Xintiandi. "As a pioneer of sustainability, the 'Deep' Green Lease joins other initiatives we have launched previously including the industry's first ever Green Pledge and the establishment of the Low-Carbon Workspace Alliance.
"Green building certification represented by LEED has become the standard for Grade A office buildings in first-tier cities and how property managers are diligently working with tenants to promote reduction in Greenhouse gases (GHGs) emissions is an important indicator of the ongoing 'greening' of commercial real estate," said Jing Wang, Vice President of USGBC North Asia.
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