Swire Properties' Biodiversity Strategy Revolutionizes Urban Development
Transforming Urban Design through Biodiversity
Swire Properties is spearheading the use of biophilic design in the redevelopment of its Taikoo Place portfolio in Quarry Bay, aiming to create a thriving ecosystem in an urban neighbourhood.
Biodiversity's Economic Importance
Biodiversity is essential for the processes that support all life on Earth, including humans. It is also a critical element in economic turnover, generating an estimated US$44 trillion from industries reliant on healthy ecosystems.
Significance of Sustainable Development
With human activities degrading about 40% of Earth's land surface, Swire Properties highlights that efforts to reverse damages are possible only with sustainable and equitable development.
The Biodiversity Plan
- The Biodiversity Plan seeks to mobilize at least US$30 billion annually from developed nations to combat biodiversity loss.
- Funds will focus on conservation efforts and ecosystem restoration.
Swire’s Commitment to Ecology
Under the SD 2030 Strategy, Swire Properties aims to enrich urban ecosystems, ensuring resilient communities.
Key Developments at Taikoo Place
The final phases of the Taikoo Place redevelopment include newly opened outdoor spaces, showcasing biodiversity-focused design philosophies.
- Taikoo Square and Taikoo Garden have introduced substantial green areas.
- Collaborating with experts, they designed gardens that improve local ecology.
Integration of Native Plant Species
Over 260 native and exotic plant species have been implemented from Hong Kong's key biodiversity hotspots to enhance the ecological footprint.
Conclusion: A Pioneering Model for Future Developments
As a pivotal player in urban sustainability, Swire Properties claims that “biodiversity is the next frontier in sustainable development.”
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.