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Climate Change

GRI 305
HKEX Aspect A1, A2, A3, A4, KPI A1.5, A3.1, A4.1

We recognise that climate change poses significant risks and also presents significant opportunities to our business. We are firmly committed to reducing climate impacts and optimising resource efficiency throughout our operations.

We are responding to the Climate Change focus area through initiatives on mitigation, adaptation and resilience. The relevant SDG is:

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SDG 13

Taking urgent action to combat climate change and its impacts.

Committed to Business Ambition for 1.5⁰C

In December 2020, Swire Properties signed on to the Business Ambition for 1.5⁰C campaign, the first real estate company in Hong Kong and the Chinese mainland to pledge support to the campaign. Led by the Science Based Targets initiative in partnership with the United Nations Global Compact, this commitment requires us to ramp up our previous science-based targets (“SBT”) to align with the 1.5°C pathway and will be critical to supporting the delivery of a “net-zero emissions” economy by 2050. This also echoes the recent pledges of the Hong Kong Government and the Chinese mainland Central Government to achieve carbon neutrality.

Committed to Business Ambition for 1.5⁰C

In December 2020, Swire Properties signed on to the Business Ambition for 1.5⁰C campaign, the first real estate company in Hong Kong and the Chinese mainland to pledge support to the campaign. Led by the Science Based Targets initiative in partnership with the United Nations Global Compact, this commitment requires us to ramp up our previous science-based targets (“SBT”) to align with the 1.5°C pathway and will be critical to supporting the delivery of a “net-zero emissions” economy by 2050. This also echoes the recent pledges of the Hong Kong Government and the Chinese mainland Central Government to achieve carbon neutrality.

Climate Change Policy

Our Climate Change Policy outlines our commitment to managing climate risks across our operations and to developing mitigation, adaptation and resilience strategies to address those risks in line with global best practices.

As the largest source of carbon emissions under our control is Scope 2 emissions arising from purchased electricity, our management approaches to climate mitigation and energy are closely aligned. In addition to improving the energy efficiency of our buildings, we strive to adopt renewable energy, both onsite and offsite, where feasible, particularly in our Chinese mainland portfolio.

SPL Participates in the Launch of the Asia Pacific Embodied Carbon Report

We believe that in order to achieve net-zero emissions by 2050, the global building and construction sector must work together to decarbonise the entire lifecycle of built assets and reduce the embodied carbon of new developments.

In 2020, Swire Properties participated in the World Green Building Council’s Project Taskforce to develop and launch the Asia Pacific Embodied Carbon Primer. This report features a case study on how our science-based targets address the issue of embodied carbon and how we are working with our supply chain partners to adopt low-carbon construction materials for One Taikoo Place and establish specifications to source low-carbon materials for future developments.

We believe that in order to achieve net-zero emissions by 2050, the global building and construction sector must work together to decarbonise the entire lifecycle of built assets and reduce the embodied carbon of new developments.

In 2020, Swire Properties participated in the World Green Building Council’s Project Taskforce to develop and launch the Asia Pacific Embodied Carbon Primer. This report features a case study on how our science-based targets address the issue of embodied carbon and how we are working with our supply chain partners to adopt low-carbon construction materials for One Taikoo Place and establish specifications to source low-carbon materials for future developments.

See More In

Energy

We strive to continually reduce the consumption of energy in our Hong Kong and Chinese mainland portfolios and in our hotel operations.
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Resource and Circularity

This year, we reviewed our Waste Management policy to highlight the value of rethinking resource use and promoting circularity.
READ MORE

Climate-related Financial Disclosures

We publish climate-related financial disclosures in four categories: Governance, Strategy, Risk Management, and Metrics and Targets.
READ MORE

Energy

We strive to continually reduce the consumption of energy in our Hong Kong and Chinese mainland portfolios and in our hotel operations.
READ MORE

Resource and Circularity

This year, we reviewed our Waste Management policy to highlight the value of rethinking resource use and promoting circularity.
READ MORE

Climate-related Financial Disclosures

We publish climate-related financial disclosures in four categories: Governance, Strategy, Risk Management, and Metrics and Targets.
READ MORE
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