Swire Properties recognises that climate change poses significant risks and presents significant opportunities to our business. We are committed to reducing climate impacts and optimising resource efficiency in all our operations. Throughout the year, we continued to adopt innovative low-carbon technologies and management practices and invest in energy efficiency research and development, and made steady progress towards meeting our science-based targets.

Our comprehensive climate risk assessment process identifies the key risks posed by climate change to our business operations, and the business opportunities that may arise from new climatic conditions. The most recent assessment identified that, overall, there are low to moderate levels of risk for flooding, heat stress, water stress, and extreme wind for our global portfolio in all assessed climate scenarios. These risk levels are attributed to the relatively robust adaptive capacity and mitigation measures we have integrated into our buildings.