Green is the new black among investors, as sustainability and corporate responsibility move up the real estate agenda. But what does that mean in concrete terms? And can we afford it?
As world leaders gathered in Copenhagen for the recent United Nations Climate Change Congerence, the company behind one of Beijing’s biggest developments, Parkview Green, announced that it intended this mixed-use scheme to become a landmark in more ways than one.
When the 20,000 sq m complex opens this summer, Hong Kong’s Parkview Group aims to achieve a 40% decrease in energy use, taking China’s current green-building code as the baseline comparison.
This would save 5,000 tonnes of carbon a year.