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 2020 to help us illustrate our progress on relevant focus areas of our SD 2030 Strategy. More information is available in the Swire Properties Annual Report 2020.
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, Chinese mainland 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 reporting boundary of some KPIs, for example waste diversion, includes investment and trading properties that are under development, while other KPIs such as sustainable procurement cover all investment properties.
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 2019, the boundary of KPI reporting in this report has been expanded to include both One Taikoo Place and South Island Place. The Citygate Outlets extension has been excluded as it opened in mid-2019. The reporting boundary for KPIs also excludes completed developments for sale.
42 | In this report, hotels operations refer to hotels that we own and are managed by Swire Properties Hotel Management Limited ("Swire Hotels"), including The House Collective in Hong Kong, Beijing, Chengdu and Shanghai, and EAST in Hong Kong, Beijing and Miami, U.S.A. |
Reporting Boundary of SD Data in 2020
Hong Kong portfolio
- Pacific Place (three office towers, shopping mall and STAR STUDIOS)
- Cityplaza (one office towers1 and shopping mall)
- Taikoo Place (nine office towers, including One Island East and One Taikoo Place2)
- Citygate (office and outlets)
- Other offices and shopping malls (South Island Place2, 8 Queen's Road East, 28 Hennessy Road and Island Place)
Chinese mainland portfolio
- Taikoo Hui, Guangzhou
- Hui Fang, Guangzhou
- Taikoo Li Sanlitun, Beijing
- INDIGO, Beijing
- Sino-Ocean Taikoo Li Chengdu
- HKRI Taikoo Hui, Shanghai
U.S.A. portfolio
Brickell City Centre, Miami3
Hotels
- Swire Hotels (The Upper House, EAST Hong Kong, The Opposite House, EAST Beijing, The Temple House, The Middle House and EAST Miami)
- Serviced Apartments (Pacific Place Apartments and EAST Residences)
- Swire Restaurants (PUBLIC, Ground PUBLIC4, Mr & Mrs Fox, Plat du Jour and The Continental)
1 | The sale of Cityplaza One was completed on 30th December 2020 and therefore its data has still been included in the reporting boundary. |
2 | Added to the reporting boundary of KPI data collection and reporting in 2020. |
3 | The sale of Two Brickell City Centre and Three Brickell Centre were completed in July 2020, and the data has been removed from the reporting boundary since then. |
4 | Ground PUBLIC at 625 King’s Road was closed in August 2020, and the data has been removed from the reporting boundary since then. |