Hang Lung is taking steps to improve circularity in real estate, as we partner with Knauf, Saint-Gobain, and TRASHAUS on the design and implementation of the recycling and reuse of #GypsumBoard. Our sustainability partner LVMH Group will also recycle the gypsum board in its upcoming store fit-outs in our properties.
Significant waste is generated in the built environment during demolition, construction, and renovation. We will pilot gypsum board recycling in two of our properties as the first step of the recycling initiative:
1) A store fit-out renovation process in Grand Gateway 66, Shanghai
2) Recycling gypsum scrap from the landlord area of our new construction project in Westlake 66, Hangzhou
Gypsum board (also known as plasterboard or drywall) is a common construction material used in walls, ceilings and partitions, and can comprise 1/3 of a fit-out project’s new materials by weight. It also makes up an estimated 5% of all construction waste and 10% of all demolition waste by weight.
In the next two years, we plan to expand the recycling initiative with our partners to include additional construction materials, and establish data collection standards for impactful project comparisons.
The Memorandum of Understanding recently signed by the above groups envisions a ‘Circularity Accelerator’ of like-minded groups working to improve circularity in the built environment.
There is a significant opportunity to minimize waste and emissions in our built environment, and Hang Lung is pleased to be collaborating with our partners to address this challenge.
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