8.2
Green lease
A green lease is any lease that has a sustainability outcome built in it. This can include criteria regarding energy, waste
and water. The introduction of these sustainability criteria does not replace the need to consider the implications of the
base lease clauses. Essentially, the green lease schedule reflects the parties desire to improve and be accountable for
sustainability in the building.
Since sustainability is still a new concept in Hong Kong, and the technologies and skills necessary for achieving
performance targets are still being developed, a more collaborative approach is recommended.
Under a collaborative green lease, the landlord and tenant will agree to act in good faith and take a cooperative approach
towards improving environmental performance and addressing any issues arising under the lease. In particular,
the following elements will be found in the green lease.
8.2.1 Objectives of the parties
These are included to ensure a clear understanding of the objectives of the landlord and tenants and to align these with
the sustainability performance objectives for the building.
8.2.2 Design and performance rating tools
A thorough understanding of what will be required to maintain the performance rating is necessary:
• Energy monitoring and reduction targets
• Waste reduction/recycling targets
• Water monitoring and reduction targets
• The use of cleaning products that have a low environmental impact
• The future procurement of materials that have a low environmental impact
8.2.3 Timeframes
Both parties need to agree on a realistic timeframe, taking into consideration the full scope of works required. It should
also allow for factors outside the parties’ control which may influence the delivery timeframe.
8.2.4 Measuring and reporting
The parties should consider what measurement and reporting structures will be necessary to support the sustainability
objectives in the lease.
8
Incentives for tenants and shoppers
8.2
Green lease
Reuse
Reus
Reduce
Recycle
Recycle
Reduce
176 Hong Kong Green Shop Guide
