Our approach to SD reporting reflects the scale of our operations, the complexity of our business and the significance of our various economic, environmental and social impacts.
In the Performance (Economic) Pillar, the scope of disclosures aligns with the Company’s financial reporting. We have extracted selected corporate governance and financial performance information from our Swire Properties Annual Report 2019 to help us illustrate progress on relevant focus areas of our SD 2030 Strategy. More information is available in the Swire Properties Annual Report 2019.
The Places, People, Partners and Performance (Environment) Pillars cover our management approaches to material issues arising from our businesses, joint ventures and subsidiaries in property investment, property trading and hotel investment. The scope of disclosures in these sections reflects the boundaries of our management control, excluding certain business areas such as non-managed hotels and estate management services.
Unless stated otherwise, for the purposes of disclosing quantitative data on our SD performance, we collect and report KPIs on a 100% basis for our Hong Kong, Mainland China and U.S.A. portfolios and our hotel operations. Notes accompanying our Performance Data Summary provide additional information about the calculation basis for specific KPIs. The scope of some KPIs, for example green procurement and waste diversion, also includes properties that are under construction.
It is our practice not to report KPIs for new developments until operational performance data is available for at least one full calendar year after each development has been opened and has reached a significant level of occupancy.
Therefore, when compared to our SD Report 2018, the scope of KPI reporting in this report has been expanded to include both HKRI Taikoo Hui and The Middle House. Properties which have been excluded include One Taikoo Place (which opened in late 2018), South Island Place (which opened in late 2018) and the Citygate Outlets extension (which opened in mid-2019). The scope of reporting for KPIs also excludes completed developments for sale.