SD Awards | SD 2030 Strategy | Swire Properties Sustainability Report 2024

SD Awards

Swire Properties’ continued commitment to SD received further global recognition in 2024. Once again, we were ranked highly on several major SD-related benchmarks and indices.

Dow Jones Best-in-Class World Index (formerly known as Dow Jones Sustainability World Index) – Ranked first globally

Listed as a Dow Jones Best-in-Class World Index (formerly known as DJSI World Index) constituent company since 2017
Listed as a Dow Jones Best-in-Class Asia Pacific Index (formerly known as DJSI Asia Pacific Index) constituent company since 2015

Swire Properties was ranked first in the world in the Dow Jones Best-in-Class World Index 2024 in the Real Estate Management & Development Industry category, rising from second place in 2023. Swire Properties was also ranked first globally in the Environmental Dimension score for the second consecutive year. Swire Properties has been a Dow Jones Best-in-Class World Index constituent for eight consecutive years.

Included in the S&P Global Sustainability Yearbook since 2017

S&P Sustainability Yearbook

Included in the S&P Global Sustainability Yearbook since 2017
Included in the S&P Global Sustainability Yearbook (China) since 2023

Attained Top 1% S&P Global CSA Score in the S&P Sustainability Yearbook 2025 and included as the Top 1% in the S&P Global ESG Score (China) in the first edition of the S&P Sustainability Yearbook (China) - the only company in the Real Estate Management and Development industry to attain this distinction in both the global and China-specific editions of the Yearbook.

Global Real Estate Sustainability Benchmark (“GRESB”) – Global Sector Leader and Global Development Sector Leader for Mixed Use Developments

Since 2017

In 2024, Swire Properties was named “Global Sector Leader – Listed” under the Mixed Use sector for the eighth consecutive year. We also maintained our “Global Development Sector Leader” title under the Mixed Use sector for the fifth year in a row. In addition to our five-star rating on the benchmark, we also obtained the highest five-star rating and an “A” rating in public disclosure for the eighth consecutive year.

Hang Seng Corporate Sustainability Index

Constituent of the Hang Seng Corporate Sustainability Index since 2015
Highest total score and maintained an “AAA” rating since 2018

In Hong Kong, we were ranked number one in the Hang Seng Corporate Sustainability Index for the seventh consecutive year, receiving the highest total score among all index constituents while maintaining an “AAA” sustainability rating – the highest rating possible. We were one of only three companies to receive this rating among more than 500 assessed stocks.

We also achieved the highest score in the index’s “Social” category, relating to human rights, labour practices, fair operating practices, consumer issues, and community involvement and development; and a top score in the “Environment” category within the real estate sector.

Swire Properties was also listed on the Hang Seng Environmental, Social and Governance (“ESG”) 50 Index for the fifth consecutive year.

2024 HKMA Best Annual Reports Awards

Our sustainability reporting continued to receive awards in 2024, with our Sustainability Report 2023 winning the Hong Kong Management Association’s (“HKMA”) Best ESG Reporting Award for our industry. This is the third year in a row that our sustainability report has received the HKMA’s top award “Best Environmental, Social and Governance Reporting Award”.

Meanwhile, our Annual Report 2023 won a Gold Award at the HKMA’s Best Annual Report Awards. This win comes after several years of obtaining the Silver Award, reflecting continuous improvements in our reporting.

HKICPA Best Corporate Governance and ESG Awards 2024

Swire Properties won the Environmental, Social and Governance Award in the Non-Hang Seng Index (Large Market Capitalisation) category at the Hong Kong Institute of Certified Public Accountants' Best Corporate Governance and ESG Awards 2024 for the fourth consecutive year. The award’s judges cited that, “the company articulates a company-wide approach to sustainability, including a high-level ESG Steering Committee formulating strategy, approving targets and reviewing risk and opportunities and an SD Working Group integrating climate-related issues into daily operations.”

Expanding our LEED Certifications

Taikoo Place – The first and only development in Hong Kong and the Greater Bay Area to receive Platinum Certification under LEED v4.1 for Communities: Existing (as at 31 Dec 2024)

Our pioneering placemaking and sustainability efforts were recognised at the highest level with Taikoo Place, our Global Business District, becoming the first and only development in Hong Kong and the Greater Bay Area to receive a Final Platinum certification in the Leadership in Energy and Environmental Design (“LEED”) v4.1 for Communities: Existing (as at 31 Dec 2024).

This certification is particularly significant as it showcases our sustainability work beyond individual buildings. According to the certification, Taikoo Place excelled in integrative planning, green spaces, conservation, transportation connectivity, and accessibility.

Taikoo Hui Guangzhou (Tower 2) awarded Double LEED Zero Certifications

Taikoo Hui, Guangzhou (Tower 2), occupied in its entirety by HSBC, achieved both LEED Zero Carbon and LEED Zero Energy certifications in 2024. Taikoo Hui Guangzhou is the second and largest office in a mixed-use project in the world (in terms of office building gross floor area) and the first mixed-use development in the Chinese Mainland to achieve these certifications.

INDIGO achieved LEED Zero Water Certification

In November 2024, INDIGO became the first development in the Chinese Mainland to receive LEED Zero Water certification. The certification was given due to upgrades made to the reclaimed water treatment system that have transformed it into a wastewater treatment station, yielding 92% reclaimed water usage from toilet flushing, cleaning and landscaping, and a 99% reclaimed water for the air conditioning cooling towers. These upgrades are expected to save 114,000 m³ of tap water annually.

RICS Hong Kong Awards 2024

Swire Properties won two accolades at this year’s RICS Hong Kong Awards 2024. We won the Environmental Impact Award for the Creative Transformation of Taikoo Place into a Global Business District, due to our leadership in three competencies – Placemaking, People and Environment. The highlights cited included landscape design to promote urban biodiversity, pioneering tenant engagement programmes such as our Green Performance Pledge and our Smart Reusable Programme, as well as the development’s many climate-resilient features.

We also won the Construction Project Management Team of the Year for Two Taikoo Place for our successful use of cutting-edge technologies and the strong collaboration between various teams and partners that has created an industry-redefining and benchmark-setting building for Hong Kong.

Two Taikoo Place wins 2024 ULI Asia Pacific Award for Excellence

Our newest triple Grade-A office tower, Two Taikoo Place, was one of 12 winners of the Urban Land Institute (“ULI”) 2024 Asia Pacific Awards for Excellence, with Swire Properties being the only Hong Kong company among the winners. One of the real estate industry’s most prestigious accolades, these awards recognise exceptional real estate projects and programmes from around Asia Pacific that go beyond architectural and design excellence to consider the full development process.

The award citation mentioned that, “Beyond design excellence, the key objectives for Two Taikoo Place were to achieve the highest levels of quality, sustainability, technology, and occupant health and wellness. The building has been recognised through platinum ratings from LEED, WELL, and BEAM Plus, and is the first in Hong Kong to achieve WiredScore and SmartScore platinum ratings for its best-in-class smart infrastructure and advanced connectivity”.

Winner of the CIBSE Building Performance Awards 2025 – Leadership

Swire Properties has been recognised for its global leadership in sustainability, particularly for its initiatives in energy reduction, embodied carbon, and whole-life carbon metrics, by winning the Leadership category at the CIBSE Building Performance Awards 2025. The company’s dedication to research has demonstrated rigour, and the judges commended its commitment to sustainability, as evidenced by its involvement in global standards and benchmarks. They also noted that effective leadership focuses on influencing and guiding the wider sector.

This award is a culmination of our efforts in recent years, which include establishing our SD 2030 Strategy and Science-Based Targets, achieving significant reductions in energy and carbon emissions, driving the adoption of innovative technologies, addressing our embodied carbon, engaging with our tenants, and making continuous contributions to the industry.

Our progress is further evidenced by our successes at the CIBSE Building Performance Awards, beginning in 2017 when we first received the Energy Management Initiative Award, highlighting our robust knowledge-based energy management system. In 2023, we were honoured with the Best Digital Innovation Award for our Cloud-Based Smart Energy Management Platform, which has enabled us to identify and monitor energy-saving opportunities and performance more effectively.

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Continuously Progressing Towards our Science-based Targets

Swire Properties is committed to net-zero carbon future by adhering to and exceeding our ambitious science-based carbon reduction targets.

Thought Leadership

Swire Properties provides sustainability guidance and leadership for the industry in Hong Kong, Asia Pacific and the world by sharing our experience and expertise.

Chief Executive's Message

Swire Properties' Chief Executive Tim Blackburn celebrates our many 2024 Sustainable Development achievements and his aspirations for the future.