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Biodiversity

GRI 304
Anchored by our Biodiversity Policy, we integrate biodiversity considerations into our new developments and operations and, where relevant, work to minimise any adverse impacts of our operations on biodiversity and ecosystems.
Although the majority of our portfolio is located in urban areas where biodiversity issues are usually not material, we have conducted assessments at all of our existing properties and projects under development to determine the status of biodiversity and its importance to the places that we develop and the surrounding natural environment. These assessments have shown that none of our existing properties contain or are located adjacent to areas of globally or nationally important biodiversity.

Biodiversity Guidelines

In 2022, we started to develop Swire Properties Biodiversity Guidelines suitable for Hong Kong and the Chinese Mainland. The guidelines are designed to define the importance of biodiversity and the Company’s approach to protecting it across our developments. The guidelines will explain the importance of biodiversity, various laws and regulations and recommended actions Swire Properties can take to protect and enhance biodiversity across all stages of our current and future properties.

Taskforce on Nature-related Financial Disclosure

The Taskforce on Nature-related Financial Disclosures (“TNFD”) was established in 2021 in response to the growing need to factor nature into financial and business decisions. The TNFD is a global, market-led initiative with a mission to develop and deliver a risk management and disclosure framework which organisations can use to report and act on evolving nature-related risks and opportunities, with the ultimate aim of supporting a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
Swire Properties recognises biodiversity and nature loss as one of the emerging risks to our businesses. The health of the ecosystems affects the availability of natural resources and land conditions, thereby our ability to generate value for our stakeholders. With increasing concerns around biodiversity loss and its interconnection with climate change, Swire Properties began exploring the business impact and dependencies on nature, associated nature-related risks and opportunities in accordance with the TNFD framework.
In 2022, our Deputy Head of Sustainable Development joined the TNFD as a Taskforce member, providing inputs to the Taskforce to develop the framework. The TNFD’s complete recommendations (v1.0) will be published in September 2023. Swire Properties also started to partner with the World Business Council of Sustainable Development (“WBCSD”) to pilot the TNFD beta framework. We hope our participation will help generate insights that will improve the relevance of the framework to the real estate sector.
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Swire Properties
Sustainability Report 2023
is released.

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