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Reporting Boundary:
(a)
Our Hong Kong portfolio, Chinese Mainland portfolio and U.S.A. portfolio refers to office and retail portfolio in Hong Kong, Chinese Mainland and Miami, U.S.A. respectively, excluding hotels.
(b)
Hotels refer to Swire Hotels, serviced apartments and Swire Restaurants in Hong Kong, Chinese Mainland and Miami, U.S.A.
*
Citygate Outlets Extension is newly included in 2021.
^
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.
Notes:
R -
Denotes sustainability data that has been reported on by Deloitte Touche Tohmatsu. Please refer to the Independent Limited Assurance Report for further details.
(1)
Calculation standards and methodologies for carbon emissions:
(i)
Carbon emissions are calculated using:
(a)
“Guidelines to Account for and Report on Greenhouse Gas Emissions and Removals for Buildings (Commercial, Residential or Institutional Purposes) in Hong Kong" published by the Environmental Protection Department (EPD) and the Electrical and Mechanical Services Department (EMSD) of the Hong Kong Government.
(b)
GHG Protocol published by the WBCSD and the World Resources Institute.
(ii)
Carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O) and hydrofluorocarbons (HFCs) are included in greenhouse gas (GHG) calculations. Perfluorocarbons (PFCs), sulphur hexafluoride (SF6) and nitrogen trifluoride (NF3) are not applicable.
(iii)
Direct carbon emissions included industrial diesel, ULSD, biodiesel (for CH4 and N2O emissions), petrol, town gas, natural gas and refrigerant containing HFCs refilled.
(iv)
Indirect carbon emissions included non-renewable electricity purchased, renewable electricity purchased and town gas.
(v)
Market-based method for indirect carbon emissions (as defined by GHG Protocol Scope 2 Guidance) refers to a method to quantify scope 2 emissions based on GHG emissions emitted by the generators from which the reporter contractually purchases electricity bundled with instruments, or unbundled instruments on their own.
(vi)
Location-based method for indirect carbon emissions (as defined by GHG Protocol Scope 2 Guidance) refers to a method to quantify scope 2 emissions based on average energy generation emission factors for defined locations, including local, subnational, or national boundaries.
(vii)
Biogenic carbon emissions (as defined by GHG Protocol Scope 2 Guidance) refer to CO2 emissions from the combustion or biodegradation of biomass.
(viii)
The sources of emission factors for the reporting of carbon emissions are:
(a)
Sustainability reports of the local utility companies (for electricity and town gas in Hong Kong).
(b)
“Guidelines to Account for and Report on Greenhouse Gas Emissions and Removals for Buildings (Commercial, Residential or Institutional Purposes) in Hong Kong" published by the EPD and the EMSD of the Hong Kong Government.
(c)
“Guidelines to Defra’s Greenhouse Gas Conversion Factors for Company Reporting” by the Department for Environment, Food and Rural Affairs (Defra) of the UK.
(d)
For market-based indirect carbon emissions calculation (for the Chinese Mainland since 2020): "Methodology for Carbon Emissions Reduction in Commercial Complex Buildings" (by Tsinghua University) published in Journal of Building Energy Efficiency (Nov 2020 Edition), and references from the Chinese Mainland government and industry associations including China Renewable Energy Development Assessment Report by National Energy Administration, China Energy Statistical Yearbook by National Bureau of Statistics and China Electricity Market Annual Report by China Electricity Council.
(2)
The data has been adjusted to reflect actual situation.
(3)
Waste directed to disposal (Hazardous) are collected by licensed waste collectors. Waste directed to disposal (Non-hazardous) are sent to landfill.
(4)
Food processing oils include used cooking oil and grease trap waste.
(5)
Total hazardous waste generated is the sum of total hazardous waste disposed and recycled.
(6)
Total non-hazardous waste generated is the sum of total non-hazardous waste disposed, reused, recycled and recovered.
(7)
Total non-hazardous waste diverted from disposal is the sum of total non-hazardous waste reused, recycled and recovered.
(8)
Total waste generated includes construction & demolition waste generated from our new development projects, commercial waste generated from our own operations and downstream leased assets, domestic waste generated from our residential portfolios, and special waste generated from our own operations.
(9)
All disposed, reused, recycled and recovered waste was managed by respective waste management companies or organisations offsite.
Reporting Boundary:
(a)
Our Hong Kong portfolio, Chinese Mainland portfolio and U.S.A. portfolio refers to office and retail portfolio in Hong Kong, Chinese Mainland and Miami, U.S.A. respectively, excluding hotels.
(b)
Hotels refer to Swire Hotels, serviced apartments and Swire Restaurants in Hong Kong, Chinese Mainland and Miami, U.S.A.
*
Citygate Outlets Extension is newly included in 2021.
^
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.
Notes:
R -
Denotes sustainability data that has been reported on by Deloitte Touche Tohmatsu. Please refer to the Independent Limited Assurance Report for further details.
(1)
Calculation standards and methodologies for carbon emissions:
(i)
Carbon emissions are calculated using:
(a)
“Guidelines to Account for and Report on Greenhouse Gas Emissions and Removals for Buildings (Commercial, Residential or Institutional Purposes) in Hong Kong" published by the Environmental Protection Department (EPD) and the Electrical and Mechanical Services Department (EMSD) of the Hong Kong Government.
(b)
GHG Protocol published by the WBCSD and the World Resources Institute.
(ii)
Carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O) and hydrofluorocarbons (HFCs) are included in greenhouse gas (GHG) calculations. Perfluorocarbons (PFCs), sulphur hexafluoride (SF6) and nitrogen trifluoride (NF3) are not applicable.
(iii)
Direct carbon emissions included industrial diesel, ULSD, biodiesel (for CH4 and N2O emissions), petrol, town gas, natural gas and refrigerant containing HFCs refilled.
(iv)
Indirect carbon emissions included non-renewable electricity purchased, renewable electricity purchased and town gas.
(v)
Market-based method for indirect carbon emissions (as defined by GHG Protocol Scope 2 Guidance) refers to a method to quantify scope 2 emissions based on GHG emissions emitted by the generators from which the reporter contractually purchases electricity bundled with instruments, or unbundled instruments on their own.
(vi)
Location-based method for indirect carbon emissions (as defined by GHG Protocol Scope 2 Guidance) refers to a method to quantify scope 2 emissions based on average energy generation emission factors for defined locations, including local, subnational, or national boundaries.
(vii)
Biogenic carbon emissions (as defined by GHG Protocol Scope 2 Guidance) refer to CO2 emissions from the combustion or biodegradation of biomass.
(viii)
The sources of emission factors for the reporting of carbon emissions are:
(a)
Sustainability reports of the local utility companies (for electricity and town gas in Hong Kong).
(b)
“Guidelines to Account for and Report on Greenhouse Gas Emissions and Removals for Buildings (Commercial, Residential or Institutional Purposes) in Hong Kong" published by the EPD and the EMSD of the Hong Kong Government.
(c)
“Guidelines to Defra’s Greenhouse Gas Conversion Factors for Company Reporting” by the Department for Environment, Food and Rural Affairs (Defra) of the UK.
(d)
For market-based indirect carbon emissions calculation (for the Chinese Mainland since 2020): "Methodology for Carbon Emissions Reduction in Commercial Complex Buildings" (by Tsinghua University) published in Journal of Building Energy Efficiency (Nov 2020 Edition), and references from the Chinese Mainland government and industry associations including China Renewable Energy Development Assessment Report by National Energy Administration, China Energy Statistical Yearbook by National Bureau of Statistics and China Electricity Market Annual Report by China Electricity Council.
(2)
The data has been adjusted to reflect actual situation.
(3)
Waste directed to disposal (Hazardous) are collected by licensed waste collectors. Waste directed to disposal (Non-hazardous) are sent to landfill.
(4)
Food processing oils include used cooking oil and grease trap waste.
(5)
Total hazardous waste generated is the sum of total hazardous waste disposed and recycled.
(6)
Total non-hazardous waste generated is the sum of total non-hazardous waste disposed, reused, recycled and recovered.
(7)
Total non-hazardous waste diverted from disposal is the sum of total non-hazardous waste reused, recycled and recovered.
(8)
Total waste generated includes construction & demolition waste generated from our new development projects, commercial waste generated from our own operations and downstream leased assets, domestic waste generated from our residential portfolios, and special waste generated from our own operations.
(9)
All disposed, reused, recycled and recovered waste was managed by respective waste management companies or organisations offsite.