2024-04-22

Launch of Swire Properties' Sustainability Report 2023 - Breaking New Ground in Sustainability Advancements



 

Swire Properties recently launched its Sustainability Report 2023 and 2023 Highlights, available in both digital and print formats.

The Company’s ongoing efforts to integrate sustainability into every facet of its business have continued to bear fruit, with highlights including:
 
  • Global & Regional Recognitions – Ranked 2nd globally under the Real Estate Management and Development industry on the Dow Jones Sustainability World Index (DJSI World) and ranked 1st globally under the Environmental Dimension score. The Company also topped the Hang Seng Corporate Sustainability Index for the 6th consecutive year, maintaining an “AAA” rating. 
     
  • Continued Progress Towards 1.5°C-aligned Science-Based Targets (SBTs) – Swire Properties achieved a 29% reduction of absolute Scope 1 and 2 carbon emissions (compared to 2019 baseline) and 40% reduction in Scope 3 carbon intensity for its tenants’ operations (compared to 2018 baseline). Swire Properties actively supports the Hong Kong Green Building Council’s (HKGBC) Zero-Carbon-Ready Building Certification Scheme. 17 of our buildings received certification, the highest amongst all participating developers.
     
  • Partnership With Tenants – The Green Performance Pledge (GPP), a sustainability performance-based landlord-tenant partnership, has received participation from 90 tenants, covering 41% of the occupied lettable floor area across our portfolios in Hong Kong and the Chinese Mainland. In 2023, Swire Properties launched the GPP Academy, a 3-year partnership with Business Environment Council, offering office tenants capacity building programme to drive energy, water, and waste reduction. Besides, 107 F&B outlets participated in the Green Kitchen initiative. Among the awarded outlets, 35 have achieved the highest possible Three Leaf rating. This year, Swire Properties has become the first real estate company to partner with EcoVadis on a supply chain ESG assessment platform.
     
  • Continual Growth in Sustainable Finance – First Hong Kong company to issue “Green Dim Sum” Renminbi Public Bonds, valued at RMB3.2 billion. The transaction was recognised with the “Deal Awards (Asia) – Best Sustainable Finance Deal (Hong Kong SAR)” at the FinanceAsia Achievement Awards 2030. Overall approximately 60% of Swire Properties' current bonds and facilities come from green financing.
     
  • Taskforce on Nature-related Financial Disclosures (TNFD) – As one of the 40 TNFD Global Taskforce Members, Swire Properties became a pioneer in the inaugural TNFD Early Adopter programme and began to develop and disclose a list of associated nature-related risks and opportunities in accordance with the “LEAP” (Locate, Evaluate, Assess, Prepare) approach – an integrated assessment process for nature-related risks and opportunities management. 
     
  • Double Materiality Assessment – Swire Properties conducted a comprehensive review to identify sustainability megatrends and impact metrics, and  engaged >600 stakeholders to understand their priorities and expectations on the Company’s  sustainability strategy. The in-depth interviews and surveys provided insights to the development of its double materiality matrix which informs its SD 2030 Strategy.

Moving forward, Swire Properties will continue to work closely with all partners and stakeholders to build and nurture great places that support sustainable, resilient and thriving communities.