For the purposes of this report, our portfolio in Hong Kong comprises primarily Grade-A office, retail, hotel53 and residential properties located throughout our portfolio which includes Pacific Place, Cityplaza, Taikoo Place and Citygate. Our Chinese Mainland portfolio comprises major commercial mixed-use developments in prime locations in Beijing, Guangzhou, Chengdu and Shanghai. Also within the reporting boundary of this report is the Brickell City Centre (shopping mall) in Miami, U.S.A. Please see the summary table below.
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 the Swire Properties Annual Report 2021 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 2021.
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, as well as 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 reached a significant level of occupancy. As such Taikoo Li Qiantan, which opened on 30th September 2021, is not included in the scope of this report.
Therefore, when compared to our SD Report 2020, the boundary of KPI reporting in this report has been expanded to include the Citygate Outlets extension, which opened in mid-2019. The reporting boundary for KPIs also excludes completed developments for sale.
Reporting Boundaries of SD Data in 2021
Hong Kong portfolio
- Pacific Place (three office towers, shopping mall and STAR STUDIOS)
- Cityplaza (shopping mall)
- Taikoo Place (nine office towers, including One Island East and One Taikoo Place)
- Citygate (offices and outlets including extension54)
- Other offices and shopping malls (South Island Place, 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, Miami (shopping mall)
Hotels
- Swire Hotels (The Upper House, EAST Hong Kong, The Opposite House, EAST Beijing, The Temple House, The Middle House, and EAST Miami55)
- Serviced Apartments (Pacific Place Apartments and EAST Residences)
- Swire Restaurants (PUBLIC, Ground PUBLIC56, Mr & Mrs Fox, Plat du Jour57 and The Continental)
53 | In this report, hotel 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. |
54 | Added to the reporting boundary of KPI data collection and reporting in 2021. |
55 | The sale of EAST Miami was completed in November 2021, and the data from the sale date onward has been removed from the reporting boundary. |
56 | Ground PUBLIC at One Island East was closed in September 2021, and the data from the closing date onward has been removed from the reporting boundary. |
57 | Plat du Jour at Pacific Place was closed in February 2021, and the data from the closing date onward has been removed from the reporting boundary. |