• DBS HK & Taikoo Place launch the highest urban farm atop One Island East with the goal to close food waste loop

    15 November 2021

    (15 November 2021, Hong Kong) DBS Hong Kong has partnered with Taikoo Place and Rooftop Republic, a local social enterprise supported by DBS Foundation, to build an urban farm atop One Island East (OIE) in Taikoo Place. Situated 300 meters above ground, the farm is the highest urban farm in Hong Kong. Named The Loop at One Island East, more than 30 types of organic seasonal crops are being grown at the urban farm throughout the year. At the first harvest this September, 24 kilograms of fresh veggies were donated to local food bank Feeding Hong Kong.

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    Food waste accounts for 30% of Hong Kong’s municipal solid waste1 and is a significant source of carbon emissions. When we waste food, we also waste all the energy and water it takes to grow, harvest, transport and package it. To address the food waste issue, DBS Hong Kong continues to team up with Taikoo Place and will launch a revamped collection process to convert the food waste from its OIE office into compost to nourish crops being grown at the farm.

    Priscilla Li, General Manager of Taikoo Place, Swire Properties (L), Amy Wu, Executive Director and Head of Group Strategic Marketing and Communications, DBS Hong Kong (R), visited The Loop at One Island East, Hong Kong’s highest urban farm that helps contribute to closing the food waste loop and reducing carbon footprint.

    The initiative aligns with the sustainable development strategies of both companies. DBS’ latest Towards Zero Food Waste (TZFW) programme aims to raise both the public and employees’ awareness on reducing food waste and adopting a more sustainable lifestyle. It will also be part of DBS’ effort to achieve net zero operational carbon emissions across the bank by 2022. On the other hand, guided by Swire Properties’ Sustainable Development 2030 Strategy launched in 2016, its more aggressive Science-based Targets to help limit global temperature rising to 1.5°C were recently approved by the Science Based Targets initiative, with energy conservation and waste reduction a key part in its decarbonisation journey. Priscilla Li, General Manager of Taikoo Place, Swire Properties, said, “We’re excited to partner with DBS Hong Kong on the creation and launch of The Loop at One Island East. This project is part of our ongoing efforts to engage partners to reduce waste, which in turn contributes to decarbonisation to fight climate change. We look forward to working with more like-minded tenants like DBS Hong Kong to create a more sustainable environment for future generations.”

    Amy Wu, Executive Director and Head of Group Strategic Marketing and Communications, DBS Hong Kong, said, “Our goal to achieving a lower carbon future is clear. DBS as a purpose-driven bank, our sustainability strategy is built on three essential pillars, namely Responsible Banking, Responsible Business Practices and Creating Social Impact. The Loop at One Island East is a perfect example of how we can reduce our carbon footprint by converting employees’ food waste from our office into fertiliser to grow fresh produce and donate them to those in need in Hong Kong. It is a meaningful, cross-industry effort to close the food waste loop. We are glad to have partnered with Taikoo Place in this green journey to drive a sustainable future.”

    Visit Taikoo Place’s website at www.taikooplace.com.

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