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Reporting Boundary

GRI 102-46, 102-49, 102-50, 103-1
For the purposes of this report, our portfolio in Hong Kong comprises primarily Grade-A office, retail, hotel31 and residential properties located in Pacific Place, Cityplaza, Taikoo Place and Citygate. Our portfolio in Mainland China comprises major commercial mixed-use developments in prime locations in Beijing, Guangzhou, Chengdu, and Shanghai. Also within the scope of this report is Brickell City Centre in Miami, U.S.A.

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.

31In this report, Hotels refer to Swire Hotels, serviced apartments and Swire Restaurants in Hong Kong, Mainland China and Miami, U.S.A. that we own and are managed by Swire Properties Hotel Management Limited (“Swire Hotels”).

Reporting Boundary of SD Data in 2019

Hong Kong portfolio

  • Pacific Place (three office towers, shopping mall and STAR STUDIOS)
  • Cityplaza (three office towers1 and shopping mall)
  • Taikoo Place (eight office towers, including One Island East)
  • Citygate2 (office and outlets)
  • Other offices and shopping malls (8 Queen's Road East, 28 Hennessy Road, 625 King's Road1 and Island Place Mall)

Mainland China portfolio

  • Taikoo Hui, Guangzhou
  • Hui Fang, Guangzhou
  • Taikoo Li Sanlitun, Beijing
  • INDIGO, Beijing
  • Sino-Ocean Taikoo Li Chengdu
  • HKRI Taikoo Hui, Shanghai3

U.S.A. portfolio

  • Brickell City Centre, Miami

Hotels

  • Swire Hotels (The Upper House, Hong Kong; EAST, Hong Kong; The Opposite House, Beijing; EAST, Beijing; The Temple House, Chengdu; The Middle House, Shanghai3; EAST, Miami)
  • Serviced Apartments (Pacific Place Apartments and EAST Residences (previously known as Taikoo Place Apartments))
  • Swire Restaurants (PUBLIC, Ground PUBLIC, REPUBLIC4, Mr & Mrs Fox, Plat du Jour and The Continental)

1 The sale of Cityplaza Three, Cityplaza Four and 625's Kings Road was completed by mid-2019
2 Approximately 126,000 sq ft has been removed from the scope since 2017 due to major renovation
3 Added to scope of KPI data collection and reporting in 2019
4 REPUBLIC was closed in mid-2019