Reporting Boundary

GRI 2-2, 2-3, 2-6
HKEX Mandatory Disclosure Requirement

For the purposes of this report, our portfolio in Hong Kong comprises primarily Grade A office, retail, hotel⁵¹, and residential properties located throughout our portfolio. These include Citygate, Cityplaza, Pacific Place, and Taikoo Place. Our Chinese Mainland portfolio comprises major commercial mixed-use developments in prime locations in Beijing, Chengdu, Guangzhou, and Shanghai. Also within the reporting boundary is Brickell City Centre in Miami, U.S.A., except for the development’s office towers, Two Brickell City Centre and Three Brickell City Centre, which were sold in July 2020. Please refer to the summary table.

Our approach to sustainability reporting reflects the scale of our operations, the complexity of our business and the significance of our various economic, environmental and social impacts.

In the Performance (Economic) Pillar, the scope of disclosures aligns with the Company’s financial reporting. We have extracted selected corporate governance and financial performance information from the Swire Properties Annual Report 2023 to help us illustrate our progress on relevant focus areas of our SD 2030 Strategy. More information is available in the Swire Properties Annual Report 2023.

The Places, People, Partners, and Performance (Environment) Pillars cover our management approaches to material issues arising from our businesses, joint ventures and subsidiaries in property investment, property trading and hotel investment. The scope of disclosures in these sections reflects the boundaries of our operational control.

⁵¹	In this report, hotel operations refer to hotels that we own and are managed by Swire Properties Hotel Management Limited (“Swire Hotels”), including The House Collective in Hong Kong, Beijing, Chengdu and Shanghai, and EAST in Hong Kong, Beijing and Miami, U.S.A.

SD Data Reporting Boundary

Unless stated otherwise, for the purposes of disclosing quantitative data on our SD performance, we collect and report KPIs on a 100% basis for our Hong Kong, Chinese Mainland and U.S.A. portfolios, as well as our hotel operations. Notes accompanying our Performance Data Summary provide additional information about the calculation basis for specific KPIs.

Our Performance (Environment) Pillar includes performance data for portfolios where Swire Properties has the full authority to introduce and implement its operating policies at the operational level. The reporting boundary of some KPIs, for example Scope 3 emissions, waste diversion and material procurement includes investment and trading properties that are under development.

Under the People Pillar, performance data includes portfolios where Swire Properties has full influence over the employee employment contract. Since 2022, we have expanded the boundary of our health and safety data to include contractor-related fatalities and lost-time injury rates.

For the Partners Pillar, sustainable procurement covers all investment properties and hotels.

In the Performance (Economic) Pillar, the scope of disclosures aligns with the Company’s financial reporting.

It is our practice not to report KPIs for new developments until operational performance data is available for at least one full calendar year after each development has been opened and reached a significant level of occupancy.

When compared to our SD Report 2022, the KPI reporting boundary of this report has been expanded to include ZHANGYUAN's social data. The reporting boundary for KPIs excludes completed developments for sale.

2023 SD Data Assurance Boundaries

The table below shows Swire Properties’ Hong Kong, Chinese Mainland and U.S.A portfolio, as well as our hotel operations which have provided sustainable development data for Deloitte to perform a limited assurance engagement.

Hong Kong portfolio^

Pacific Place (four office towers, shopping mall and STAR STUDIOS)
Cityplaza (shopping mall)
Taikoo Place (nine office towers, including One Island East and One Taikoo Place)
Citygate (office and outlets including extension)
Other offices and shopping malls (South Island Place, SPACES. 8QRE and Island Place)

Chinese Mainland portfolio^

Taikoo Hui, Guangzhou
Hui Fang, Guangzhou
Taikoo Li Sanlitun, Beijing
INDIGO, Beijing
Taikoo Li Chengdu
HKRI Taikoo Hui, Shanghai
Taikoo Li Qiantan, Shanghai
ZHANGYUAN*

U.S.A. portfolio^

Brickell City Centre, Miami

Hotels

Swire Hotels (The Upper House, EAST Hong Kong, The Opposite House, EAST Beijing, The Temple House, The Middle House and EAST Miami^#)
Serviced Apartments (Pacific Place Apartments and EAST Residences)
Restaurants (PUBLIC, Mr & Mrs Fox and The Continental)

^{^}	Includes management offices and head offices.
^*	Added to the reporting boundary of social data collection and reporting in 2023. Includes Shanghai Kaiye Commercial Management Company Limited only, a joint venture management company between Swire Properties and Shanghai Jing'an Real Estate (Group) Co., Ltd. The environmental related data for ZHANGYUAN is excluded from the assurance.
^#	The sale of EAST Miami was completed in November 2021, and the environmental data from the sale date onward has been removed from the reporting boundary.

External Assurance

GRI 2-5

We obtain external independent assurance for the content of our sustainability reports. Deloitte Touche Tohmatsu (“Deloitte”) was engaged to provide limited assurance on selected sustainability information contained in this report in accordance with the International Standard on Assurance Engagements 3000 (Revised) “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information” (“ISAE 3000”) and, with respect to greenhouse gas emissions, the International Standard on Assurance Engagements 3410 “Assurance Engagements on Greenhouse Gas Statements” (“ISAE 3410”). The scope of work carried out by Deloitte is set out in their assurance report.