Statement of use | Swire Properties has reported in accordance with the GRI Standards for the period from 1st January 2022 to 31st December 2022. |
GRI used | GRI 1: Foundation 2021 |
GRI 2: General Disclosures 2021
GRI Standard | Disclosure | References and Remarks (Unless otherwise specified, references are made to sections of the Sustainable Development Report 2022) |
|---|---|---|
The organization and its reporting practices | ||
2-1 | Organizational details | Cover Page Profile of Swire Properties Limited Places Annual Report 2022 ─ Company Profile |
2-2 | Entities included in the organization’s sustainability reporting | ESG Reporting Standards and Principles Annual Report 2022 |
2-3 | Reporting period, frequency and contact point | About this Report ESG Reporting Standards and Principles Table of Contents |
2-4 | Restatements of information | Performance Data Summary |
2-5 | External assurance | ESG Reporting Standards and Principles Assurance Report |
Activities and workers | ||
2-6 | Activities, value chain and other business relationships | Profile of Swire Properties Limited Places Partners ESG Reporting Standards and Principles Annual Report 2022 ─ Company Profile Annual Report 2022 ─ Management Discussion & Analysis ─ Review of Operations ─ Portfolio Overview Corporate website ─ About Us Corporate website ─ Partners Corporate website ─ Supplier Code of Conduct There were no significant changes in the location of suppliers, the structure of the supply chain, or relationships with suppliers, including selection and termination. |
2-7 | Employees | People Performance Data Summary |
2-8 | Workers who are not employees | People Partners Performance Data Summary |
Governance | ||
2-9 | Governance structure and composition | SD Governance People Performance (Economic) Annual Report 2022 ─ Corporate Governance |
2-10 | Nomination and selection of the highest governance body | Annual Report 2022 ─ Corporate Governance ─ Appointment and Re-election |
2-11 | Chair of the highest governance body | SD Governance Performance (Economic) Annual Report 2022 ─ Corporate Governance ─ The Board of Directors |
2-12 | Role of the highest governance body in overseeing the management of impacts | SD Governance Performance (Economic) Annual Report 2022 ─ Corporate Governance |
2-13 | Delegation of responsibility for managing impacts | SD Governance Performance (Economic) Annual Report 2022 ─ Corporate Governance ─ Delegation by the Board |
2-14 | Role of the highest governance body in sustainability reporting | SD Governance |
2-15 | Conflicts of interest | Performance (Economic) Annual Report 2022 ─ Corporate Governance ─ Conflicts of Interest |
2-16 | Communication of critical concerns | SD Governance Performance (Economic) Annual Report 2022 ─ Corporate Governance ─ Conflicts of Interest |
2-17 | Collective knowledge of the highest governance body | SD Governance Annual Report 2022 ─ Corporate Governance Annual Report 2022 ─ Corporate Governance ─ Board Processes and Continuous Professional Development |
2-18 | Evaluation of the performance of the highest governance body | Annual Report 2022 ─ Corporate Governance |
2-19 | Remuneration policies | Performance (Economic) Corporate website ─ Remuneration Policy Annual Report 2022 ─ Corporate Governance ─ Remuneration Committee Annual Report 2022 ─ Notes to the Financial Statements ─ Note 9 Directors’ and Executive Officers’ Emoluments |
2-20 | Process to determine remuneration | |
2-21 | Annual total compensation ratio | People Annual Report 2022 - Notes to the Financial Statement ─ Note 9 ─ Directors’ and Executive Officers’ Emoluments |
Strategy, policies and practices | ||
2-22 | Statement on sustainable development strategy | Chief Executive’s Message SD 2030 Strategy |
2-23 | Policy commitments | SD Governance Performance (Economic) Annual Report 2022 ─ Risk Management Corporate website ─ Corporate Code of Conduct Corporate website ─ Supplier Code of Conduct Corporate website ─ Sustainable Development Policy Corporate website ─ Human Rights Policy Corporate website ─ Respect in the Workplace Policy Corporate website ─ Staff Grievance Policy |
2-24 | Embedding policy commitments | SD Governance Performance (Economics) Performance Data Summary Corporate website ─ Anti-bribery and Corruption Policy Corporate Website ─ Board Diversity Policy Corporate website ─ Corporate Code of Conduct Corporate website ─ Shareholders’ Communication Policy Corporate website ─ Whistleblowing Policy Corporate website ─ Sustainable Development - Policies |
2-25 | Processes to remediate negative impacts | |
2-26 | Mechanisms for seeking advice and raising concerns | Materiality Performance (Economic) Corporate website ─ Whistleblowing Policy Corporate website ─ Corporate Code of Conduct Corporate website ─ Staff Grievance Policy |
2-27 | Compliance with laws and regulations | In 2022, we were not subject to significant fines or nonmonetary sanctions for non-compliance with laws or regulations. |
2-28 | Membership associations | External Charters and Memberships |
Stakeholder engagement | ||
2-29 | Approach to stakeholder engagement | Materiality Corporate website ─ Shareholders’ Communication Policy |
2-30 | Collective bargaining agreements | Corporate website ─ Human Rights Policy There are no formal collective bargaining agreements in place within our Company. In Chinese Mainland, 44% of our employees are represented by trade unions. In Hong Kong, all of our employees have the right and freedom to form and join trade unions. |
GRI 3: Material Topics 2021
GRI Standard | Disclosure | References and Remarks (Unless otherwise specified, references are made to sections of the Sustainable Development Report 2022) |
|---|---|---|
3-1 | Process to determine material topics | Materiality ESG Reporting Standards and Principles |
3-2 | List of material topics |
Material Topics (Economic) & Management Approach
GRI Standard | Disclosure | References and Remarks (Unless otherwise specified, references are made to sections of the Sustainable Development Report 2022) |
|---|---|---|
GRI 201: Economic Performance 2016 | ||
3-3 | The management approach and its components | Performance (Economic) Annual Report 2022 ─ Key Business Strategies Annual Report 2022 ─ Management Discussion & Analysis ─ Review of Operations ─ Portfolio Overview |
201-1 | Direct economic value generated and distributed | Performance (Economic) Annual Report 2022 ─ Management Discussion & Analysis ─ Review of Operations ─ Portfolio Overview Annual Report 2022 ─ Financial Review |
201-2 | Financial implications and other risks and opportunities due to climate change | Climate-related Financial Disclosures Performance (Economic) |
201-4 | Financial assistance received from government | In 2022, we did not receive significant financial assistance from any government. |
GRI 203: Indirect Economic Impacts 2016 | ||
3-3 | The management approach and its components | Places Annual Report 2022 ─ Management Discussion & Analysis ─ Review of Operations ─ Portfolio Overview |
203-1 | Infrastructure investments and services supported | Places |
203-2 | Significant indirect economic impacts | Places Annual Report 2022 ─ Management Discussion & Analysis ─ Review of Operations ─ Portfolio Overview |
GRI 205: Anti-corruption 2016 | ||
3-3 | The management approach and its components | Performance (Economic) Corporate website ─ Anti-bribery and Corruption Policy Corporate website ─ Corporate Code of Conduct |
205-2 | Communication and training on anti-corruption policies and procedures | Performance (Economic) Performance Data Summary Corporate website ─ Anti-bribery and Corruption Policy |
205-3 | Confirmed incidents of corruption and actions taken | Performance (Economic) Performance Data Summary |
GRI 206: Anti-competitive Behavior 2016 | ||
3-3 | The management approach and its components | Performance (Economic) Corporate website ─ Corporate Code of Conduct Corporate website ─ Whistleblowing Policy |
206-1 | Legal actions for anti-competitive behavior, anti-trust, and monopoly practices | Performance (Economic) |
Material Topics (Environmental) & Management Approach
GRI Standard | Disclosure | References and Remarks (Unless otherwise specified, references are made to sections of the Sustainable Development Report 2022) |
|---|---|---|
GRI 301: Materials 2016 | ||
3-3 | The management approach and its components | Partners Performance (Environment) Corporate website ─ Environmental Policy Swire Group website ─ Swire Pacific Sustainable Procurement Policy Swire Group website ─ Swire Pacific Sustainable Food Policy |
301-1 | Materials used by weight or volume | Partners Performance (Environment) Performance Data Summary |
GRI 302: Energy 2016 | ||
3-3 | The management approach and its components | Performance (Environment) Corporate website ─ Energy Policy |
302-1 | Energy consumption within the organisation | Performance (Environment) Performance Data Summary |
302-3 | Energy intensity | Performance (Environment) Performance Data Summary |
G4-CRE1 | Building energy intensity | |
302-4 | Reduction of energy consumption | Performance (Environment) Performance Data Summary |
GRI 303: Water and Effluents 2018 | ||
3-3 | The management approach and its components | Performance (Environment) Corporate website ─ Water Policy |
303-1 | Interactions with water as a shared resource | Performance (Environment) Performance Data Summary |
303-2 | Management of water discharge-related impacts | Performance (Environment) Performance Data Summary |
303-3 | Water withdrawal | Performance Data Summary In this Sustainable Development Report, this is referred to as water consumption. It is defined as the water drawn from municipal services for direct use in our operations. It can include water used for flushing, cleaning and freshwater cooling tower. The majority of water consumed by our operations is from municipal water supplies provided by local water supply authorities. We do not consume surface and ground water. Disclosure on the breakdown of water withdrawn by source e.g. surface water, ground water, etc. is considered to be not applicable. |
303-4 | Water discharge | Performance Data Summary 100% of water discharged from our operations was transported to municipal wastewater systems in the cities where we operate. |
G4-CRE2 | Building water intensity | Performance (Environment) Performance Data Summary |
GRI 304: Biodiversity 2016 | ||
3-3 | The management approach and its components | Performance (Environment) Corporate website ─ Biodiversity Policy |
304-1 | Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas | Performance (Environment) |
304-2 | Significant impacts of activities, products and services on biodiversity | Performance (Environment) |
GRI 305: Emissions 2016 | ||
3-3 | The management approach and its components | Performance (Environment) Climate-related Financial Disclosures Performance Data Summary Corporate website ─ Climate Change Policy |
305-1 | Direct (Scope 1) GHG emissions | Performance (Environment) Performance Data Summary |
305-2 | Energy indirect (Scope 2) GHG emissions | Performance (Environment) Performance Data Summary |
305-3 | Other indirect (Scope 3) GHG emissions | Performance (Environment) Performance Data Summary |
305-4 | GHG emissions intensity | Performance (Environment) Climate-related Financial Disclosures Performance Data Summary |
G4-CRE3 | GHG emissions intensity from buildings | |
305-5 | Reduction of GHG emissions | Performance (Environment) Performance Data Summary |
GRI 306: Waste 2020 | ||
3-3 | The management approach and its components | Performance (Environment) Corporate website ─ Resource and Circularity Policy |
306-1 | Waste generation and significant waste-related impacts | Performance (Environment) |
306-2 | Management of significant waste-related impacts | Performance (Environment) Corporate website ─ Resource and Circularity Policy |
306-3 | Waste generated | Performance (Environment) Performance Data Summary |
306-4 | Waste diverted from disposal | Performance (Environment) Performance Data Summary |
306-5 | Waste directed to disposal | Performance (Environment) Performance Data Summary |
GRI 308: Supplier Environmental Assessment 2016 | ||
3-3 | The management approach and its components | Partners Corporate website ─ Partners Corporate website ─ Supplier Code of Conduct Swire Group website ─ Swire Pacific Sustainable Procurement Policy Swire Group website ─ Swire Pacific Sustainable Food Policy |
308-1 | New suppliers that were screened using environmental criteria | Partners |
Material Topics (Social) & Management Approach
GRI Standard | Description | References and Remarks (Unless otherwise specified, references are made to sections of the Sustainable Development Report 2022) |
|---|---|---|
GRI 401: Employment 2016 | ||
3-3 | The management approach and its components | People Corporate website ─ People Corporate website ─ Working with us Corporate website ─ Human Rights Policy Corporate website ─ Diversity and Inclusion Policy Corporate website ─ Respect in the Workplace Policy Corporate website ─ Parental Leave Policy and Guidelines |
401-1 | New employee hires and employee turnover | People Performance Data Summary |
401-3 | Parental leave | Performance Data Summary |
GRI 403: Occupational Health and Safety 2018 | ||
3-3 | The management approach and its components | |
403-1 | Occupational health and safety management system | People Performance Data Summary |
403-2 | Hazard identification, risk assessment, and incident investigation | People Partners Performance (Economic) |
403-3 | Occupational health services | People |
403-4 | Worker participation, consultation, and communication on occupational health and safety | People Partners |
403-5 | Worker training on occupational health and safety | People Performance Data Summary |
403-6 | Promotion of worker health | People Partners |
403-7 | Prevention and mitigation of occupational health and safety impacts directly linked by business relationships | People Partners |
403-8 | Workers covered by an occupational health and safety management system | People Performance Data Summary |
G4-CRE6 | Percentage of the organisation operating in verified compliance with an internationally recognised occupational health and safety management system (ISO 45001 or OHSAS 18001) | |
403-9 | Work-related injuries | People Partners Performance Data Summary |
403-10 | Work-related ill health | Performance Data Summary |
GRI 404: Training and Education 2016 | ||
3-3 | The management approach and its components | People |
404-1 | Average hours of training per year per employee | People Performance Data Summary |
404-2 | Programs for upgrading employee skills and transition assistance programs | People |
404-3 | Percentage of employees receiving regular performance and career development reviews | Performance Data Summary |
GRI 405: Diversity and Equal Opportunity 2016 | ||
3-3 | The management approach and its components | People Corporate website ─ Corporate Code of Conduct Corporate website ─ Human Rights Policy Corporate Website ─ Diversity and Inclusion Policy Corporate Website ─ Respect in the Workplace Policy Corporate Website ─ Staff Grievance Policy Corporate Website ─ Board Diversity Policy |
405-1 | Diversity of governance bodies and employees | People Performance Data Summary Annual Report 2022 ─ Corporate Governance & Sustainability ─ Directors and Officers Corporate website ─ Directors and Officers |
405-2 | Ratio of basic salary and remuneration of women to men | |
GRI 406: Non-discrimination 2016 | ||
3-3 | The management approach and its components | People Performance (Economic) Corporate website ─ Corporate Code of Conduct Corporate website ─ Human Rights Policy Corporate website ─ Diversity and Inclusion Policy Corporate website ─ Respect in the Workplace Policy Corporate website ─ Whistleblowing Policy Corporate website ─ Staff Grievance Policy |
406 | Incidents of discrimination and corrective actions taken | Performance (Economic) |
GRI 413: Local Communities 2016 | ||
3-3 | The management approach and its components | Places People |
413-1 | Operations with local community engagement, impact assessments, and development programmes | Places People |
GRI 414: Supplier Social Assessment 2016 | ||
3-3 | The management approach and its components | |
414-1 | New suppliers that were screened using social criteria | Partners |
GRI 416: Customer Health and Safety 2016 | ||
3-3 | The management approach and its components | Partners Performance (Environment) |
416-1 | Assessment of the health and safety impacts of product and service categories | Partners Performance (Environment) |
GRI 417: Marketing and Labelling 2016 | ||
3-3 | The management approach and its components | Performance (Environment) |
417-1 | Requirements for product and service information and labelling | Performance (Environment) This disclosure has been made with respect to certification for our buildings under relevant environmental building assessment schemes. |
G4-CRE8 | Type and number of sustainability certification, rating and labelling schemes for new construction, management, occupation and redevelopment | Performance (Environment) Awards and Certification |
GRI 418: Customer Privacy 2016 | ||
3-3 | The management approach and its components | Partners Performance (Economic) Corporate website ─ Corporate Code of Conduct Corporate website ─ Privacy Policy Corporate website ─ Whistleblowing Policy |
418-1 | Substantiated complaints concerning breaches of customer privacy and losses of customer data | Partners Performance (Economic) |
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