2025-04-29

Swire Properties Launches 2024 Sustainability Report - Achieving its Sustainability Vision Six Years Ahead of Plan



 
Swire Properties recently launched its Sustainability Report 2024 and 2024 Highlights, showcasing the Company’s successful integration of sustainability across its operations. Key highlights include:
 
  • Global & Regional Recognitions: Secured the No.1 position in the Dow Jones Best-in-Class World Index 2024 (formerly known as Dow Jones Sustainability World Index), achieving the Company’s Sustainable Development 2030 vision of becoming a global leader in sustainability performance in the real estate industry six years ahead. The Company also topped the Hang Seng Corporate Sustainability Index for the 7th consecutive year, maintaining an “AAA” rating.
 

 
  • Remarkable Progress Towards 1.5°C-aligned Science-Based Targets: Achieved a 40% reduction in absolute Scope 1 and 2 carbon emissions from its 2019 baseline. In addition, it recorded a 54% reduction in Scope 3 emissions intensity from tenants’ operations compared to the 2018 baseline, exceeding its 2030 KPI.
 
  • Sustainable Placemaking & Social Impact Creation: Generated over HK$ 60 million in social value via the Swire Properties Placemaking Academy (“SPPA”) since its launch in 2019. This initiative empowers youth by offering them a chance to design, plan and execute the annual year-end community event – the White Christmas Street Fair.
 


 
  • Thriving Tenant-Landlord Partnerships: The Green Performance Pledge (GPP) community continues to expand and received participation from 129 tenants, covering 53% of the occupied lettable floor area across Swire Properties’ portfolios in Hong Kong and the Chinese Mainland. The rollout of the Green Kitchen Initiative 3.0 and the launch of the Green Retail Partnership initiative set new standards for sustainability in the industry.
 


 
  • Sustainable Finance Growth: The Company has issued green bonds totalling approximately HK$ 6.9 billion, with approximately 70% of bond and loan facilities now financed through green initiatives.
 
  • Robust Reporting: Swire Properties has published its first integrated Climate and Nature-related Financial Disclosures with reference to Part D: Climate-related Disclosures of the HKEX ESG Code, ISSB IFRS S2 Climate-related Disclosures, and TNFD recommendations.

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.