Building on our achievements since the launch of our SD 2030 Strategy in 2016, we are in a good position to advance to our next targets for 2025 and 2030. These new targets are challenging and will require innovation, creative thinking and considerable effort as we strive to achieve our SD vision: to be the leading sustainable development performer in our industry globally by 2030.
Talent Attraction
Talent Management
Occupational
Health and Safety
Health and Safety
Diversity
and Inclusion
and Inclusion
Suppliers
Tenants
Climate Change
Energy
Resource and
Circularity
Circularity
Water
Biodiversity
Occupant Wellbeing
Building/Asset
Investment
Investment
Sustainable and
Green Financing
Green Financing
Corporate
Governance
Governance
Talent Attraction
Talent Management
Occupational
Health and Safety
Health and Safety
Diversity
and Inclusion
and Inclusion
Suppliers
Tenants
Climate Change
Energy
Resource and
Circularity
Circularity
Water
Biodiversity
Occupant Wellbeing
Building/Asset
Investment
Investment
Sustainable and
Green Financing
Green Financing
Corporate
Governance
Governance
Talent Attraction
Talent Management
Occupational
Health and Safety
Health and Safety
Diversity
and Inclusion
and Inclusion
Suppliers
Tenants
Climate Change
Energy
Resource and
Circularity
Circularity
Water
Biodiversity
Occupant Wellbeing
Building/Asset
Investment
Investment
Sustainable and
Green Financing
Green Financing
Corporate
Governance
Governance
Safety
2025 KPI
- Maintain an LTIR at or below 1.2 for non-hotels operations; and at or below 2.0 for hotels operations
- Maintain zero work-related fatalities and zero serious incidents38 for employees
2030 KPI
- Maintain zero work-related fatalities and zero serious incidents38 for employees and contractors
38 | “Serious incident” is defined in the Swire Pacific Fatal and Serious Incident Reporting Policy. |
Policy, Strategy and Governance
2025 KPI
- Maintain a female representation of no less than 40% in the workforce
- Maintain a gender balance in senior management
- Maintain gender pay ratio at 1:1
2030 KPI
- Maintain a gender balance in senior management
- Maintain gender pay ratio at 1:1
Monitoring (Compliance)
2025 KPI
- Maintain 100% implementation of the Supplier Code of Conduct in all portfolios
2030 KPI
- Maintain 100% implementation of the Supplier Code of Conduct in all portfolios
Driving Impact
2025 KPI
- 25% of products and services purchased for wholly-owned new and existing investment portfolios shall be sustainable
Health and Safety
2025 KPI
- Reduce 5-year rolling average of accident rate per 1,000 contractor workers39 in our Hong Kong development projects by 50%
2030 KPI
- Reduce 5-year rolling average of accident rate per 1,000 contractor workers39 in our Hong Kong development projects by 70%
39 | Using 2015-2019 (5-year average) as baseline. Accidental rate represents the number of reportable accidents per 1,000 contractor workers. It is calculated as the total number of reportable accidents multiplied by 1,000 and then divided by average daily number of contractor workers on-site. |
Tenant Engagement
2025 KPI
- 50% of office tenants in wholly-owned portfolios40 sign the Green Performance Pledge to jointly improve environmental performance by 2025
40 | Measured by occupied lettable floor area (“LFA”) of wholly-owned office portfolios, which are Taikoo Place and Pacific Place in Hong Kong and Taikoo Hui in Guangzhou. |
Decarbonisation
2025 KPI
- Operational GHG Emissions (Scope 1 and 2 SBT): Reduce absolute GHG emissions by 25%41
2030 KPI
- Operational GHG Emissions (Scope 1 and 2 SBT): Reduce absolute GHG emissions by 46%41
- Value Chain Emissions (Scope 3 SBT – Downstream Leased Assets): Reduce carbon intensity from the tenant-controlled portion of downstream leased assets by 28% per sqm42
- Value Chain Emissions (Scope 3 SBT – Capital Goods): Reduce embodied carbon intensity from new major developments by 25% per sqm (construction floor area)43
41 | Compared to the 2019 baseline. |
42 | Compared to the 2018 baseline. |
43 | Compared to the 2016-2018 baseline. |
Energy Reduction44
2025 KPI
Hong Kong Portfolio45
- Reduce annual electricity use intensity by
20%41
Chinese Mainland Portfolio46
- Reduce annual electricity use intensity by
13%41
2030 KPI
Hong Kong Portfolio45
- Reduce annual electricity use intensity by
40%41
Chinese Mainland Portfolio46
- Reduce annual electricity use intensity by
35%41
Renewable Energy
2025 KPI
- Generate 4-6% of landlord’s building energy from on-site renewable or clean energy sources for selected newly completed office projects
41 | Compared to the 2019 baseline. |
44 | The 2025 and 2030 KPIs under Energy Reduction have been updated per our approved 1.5°C-aligned SBTs. Energy consumption refers to purchased electricity for the provision of shared services for and in the common parts of our buildings. |
45 | Our Hong Kong portfolio refers to our office and retail portfolio and hotels in Hong Kong. |
46 | Our Chinese Mainland portfolio refers to our office and retail portfolio and hotels in the Chinese Mainland. |
Resource Recycling and Waste Diversion
2025 KPI
Waste Diversion Rates
Hong Kong Portfolio45
- 30% of commercial waste
Hong Kong (projects under development)
- 85% of demolition waste
- 70% of construction waste
Waste Diversion Rates
Chinese Mainland (projects under development)46
- 50% of total waste
Waste Recycling Rates
Chinese Mainland Portfolio47
- 40% of commercial waste
2030 KPI
Waste Diversion Rates
Hong Kong Portfolio45
- 50% of commercial waste
Hong Kong (projects under development)
- 90% of demolition waste
- 75% of construction waste
Waste Diversion Rates
Chinese Mainland (projects under development)46
- 60% of total waste
Waste Recycling Rates
Chinese Mainland Portfolio47
- 45% of commercial waste
45 | Our Hong Kong portfolio refers to our office and retail portfolio and hotels in Hong Kong. |
46 | Our Chinese Mainland portfolio refers to our office and retail portfolio and hotels in the Chinese Mainland. |
47 | The waste diversion rate from landfill for Chinese Mainland projects under development is calculated in accordance with LEED requirements. Flexibility will be allowed for projects not wholly-owned by the Company, and for projects with major contractor(s) already on board. |
Water Reduction
2025 KPI
Hong Kong
- 10% reduction in water intensity (m3/m2)48
Chinese Mainland
- 20% reduction in water intensity (m3/m2)48
Hotels
- 8% reduction in water intensity (m3/guest night)48
48 | For our Hong Kong portfolio and Chinese Mainland portfolio, the water intensity reduction targets are compared to a 2016 BAU baseline year. For Hotels, the water intensity reduction targets set is compared to a 2018/2019 baseline year. |
Indoor Air Quality Management
2025 KPI
- For common areas, 90% of buildings achieve IAQ Excellent Class in the Hong Kong portfolio45 or the local IAQ standard in the Chinese Mainland portfolio46
45 | Our Hong Kong portfolio refers to our office and retail portfolio and hotels in Hong Kong. |
46 | Our Chinese Mainland portfolio refers to our office and retail portfolio and hotels in the Chinese Mainland. |
Environmental Building Assessment Schemes49
2025 KPI
- 100% of wholly-owned new development projects50 to achieve the highest environmental building assessment scheme rating
- 90% of all wholly-owned existing developments50 to achieve the highest environmental building assessment scheme rating
2030 KPI
- 100% wholly-owned new and existing developments50 to achieve the highest environmental building assessment scheme rating
49 | BEAM Plus/LEED/China Green Building Label/WELL Certification; the most suitable environmental building assessment scheme is selected based on the project location. |
50 | Excluding trading properties. |
Anti-bribery & Anti-corruption
2025 KPI
- Annual bribery and corruption risk review by Executive Committee
Executive Compensation
2025 KPI
- Establish corporate SD performance metrics and goals that are linked to the Chief Executive and senior executive’s variable compensation
Board Diversity
2025 KPI
- Maintain no less than 30% of female representation on the Board
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