ABOUT THIS REPORT
GRI 2-1, 2-3, 2-6
This report is the 17th Sustainability Report of Swire Properties Limited (“Swire Properties” or “the Company”). The report covers the period from 1 January 2024 to 31 December 2024 and focuses on Swire Properties’ businesses, joint ventures and subsidiaries in property investment, property trading and hotel investment and management where the Company has operational control. The report includes details of our sustainable development (“SD”) vision and progress on the implementation of our SD 2030 Strategy during the past year. This report was published online in April 2025 and can be found on Swire Properties’ Sustainability Report website. A link to this report, and SD reports from previous years, can also be found in the Sustainable Development section of the Swire Properties corporate website.
Materiality
We performed our stakeholder engagement exercise based on the “double materiality” concept, which considers both financial and impact materiality, to identify the material sustainability topics that have a present or future impact on the ability to realising our SD vision.
Reporting Boundary
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.
ESG Reporting Standards and Principles
GRI 2-2, 2-3, 2-6
HKEX Mandatory Disclosure Requirement
HKEX Mandatory Disclosure Requirement
This report has been prepared in accordance with the GRI Standards: Core option and with reference to the GRI G4 Construction and Real Estate Sector Disclosures. We have been reporting our SD performance annually using GRI since 2007.
For the year covered by the sustainability report, the Company has complied with all the applicable provisions set out in Part C of the Environmental, Social and Governance Reporting Guide contained in Appendix C2 to the Listing Rules, which is applicable for the year ended 31st December 2024. The Company has also referenced the climate-related disclosures set out in Part D of the revised Environmental, Social and Governance Reporting Code contained in Appendix C2, which became effective for financial years commencing on or after 1st January 2025.
We published our first integrated Climate- and Nature-related Financial Disclosures as per Part D: Climate-related Disclosures of the HKEX ESG Code, ISSB IFRS S2 Climate-related Disclosures and TNFD recommendations. We have incorporated a content index based on the International Sustainability Standards Board’s (“ISSB”) IFRS S2 on Climate-related Disclosures published in June 2023, which is adopted by the HKEX ESG Code.
To define the content of this report and to ensure the quality of the information presented therein, we have made reference to the GRI’s Reporting Principles and followed the HKEX ESG Reporting Guide. These include:
Materiality
Conduct regular materiality assessments and stakeholder engagements to identify material issues related to sustainability, and to ensure these issues are properly addressed by our SD 2030 Strategy.
Please refer to Materiality for more information.
Please refer to Materiality for more information.
Quantitative
Include notes accompanying our Performance Data Summary to provide information about the standards and methodologies used to calculate data, where appropriate.
Balance
Report both the positive and negative impacts of our performance in a transparent manner to enable a reasoned and unbiased assessment of our overall performance.
Consistency
To facilitate comparability over time, we maintain consistency in the use of reporting standards and principles, the methods used to calculate data, structure of the report, and the explanations of methods and assumptions used to prepare information. We will also provide explanations to facilitate information interpretation when changes occur.
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