Swire Properties’ Supplier Code of Conduct (“SCoC”) sets out the minimum standards and practices for our suppliers relating to legal and regulatory compliance, environmental protection, health and safety, labour practices, and other areas. This policy extends to subcontractors working on projects for Swire Properties.

In 2022, we revised the SCoC to include modern slavery, and provided more details around the definition of child and forced labour.

Under the revised policy, no person who works for Swire Properties can be below 16 years of age and below 18 years of age for employment at night, unless they are part of a recognised professional apprenticeship programme. To ensure proper respect for human rights throughout our business, including our supply chain, we require that all our suppliers not to use any form of forced labour, which now includes imprisoned, indentured, bonded, military or slave labour. Physical punishment, threats of violence or other forms of physical, sexual, psychological or verbal abuse should not be used.

The definitions around D&I were expanded to include age, gender, gender orientation, sexual orientation, relationship, family status, disability, race, ethnicity, nationality and religious or political beliefs.

The expectations around compensation and working hours were strengthened. We expect suppliers to provide their employees with written and understandable information about their conditions of employment, with respect to wages and working hours, before they enter employment and be paid regularly and on-time.

A section on whistleblowing was also included to allow the reporting of misconduct.

In addition to encouraging our suppliers to have their own supplier codes of conduct in place, we require that all our suppliers adopt and implement policies and procedures that prevent bribery, corruption and fraud in their own operations. Suppliers that fail to comply fully with our SCoC risk termination of their contracts, subject to the contractual terms therein, and removal from our approved contractors list.

We utilise an e-Contractor List Management System, providing a framework to monitor the performance of technical service providers and handle any disciplinary issues. Service providers are now required to perform well in five areas – health and safety, environment, procurement, management, and quality – or risk disciplinary action.

The relevant SDG is: