Reporting Boundary
GRI 2-2, 2-3, 2-6
HKEX Mandatory Disclosure Requirement
HKEX Mandatory Disclosure Requirement
Reporting Boundary
GRI 2-2, 2-3, 2-6
HKEX Mandatory Disclosure Requirement
HKEX Mandatory Disclosure Requirement
For the purposes of this report, our operating portfolio in Hong Kong comprises primarily Grade A office, retail, hotel73 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. Please refer to the summary table.
Our approach to SD 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 2024.
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.
73 | 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. We also include contractor-related health and safety data for new development projects under direct employment by the Company.
For the Partners Pillar, sustainable procurement covers all investment properties.
In the Performance (Economic) Pillar, the scope of disclosures aligns with the Company’s financial reporting.
It is our practice not to report environmental 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 Sustainability Report 2023, the KPI reporting boundary of this report has been expanded to include Two Taikoo Place and Tong Chong Kitchen, exclude The Opposite House and PUBLIC until the last full month of operation. The reporting boundary for KPIs excludes completed developments for sale.
2024 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 Portfolio74
- Pacific Place (five office towers, shopping mall and STAR STUDIOS)
- Cityplaza (shopping mall)
- Taikoo Place (ten office towers, including Two Taikoo Place75)
- Citygate (office and outlets including extension)
- Other offices and shopping malls (South Island Place and Island Place)
Chinese Mainland Portfolio74
- Taikoo Hui, Guangzhou
- Hui Fang, Guangzhou
- Taikoo Li Sanlitun, Beijing
- INDIGO, Beijing
- Taikoo Li Chengdu
- HKRI Taikoo Hui, Shanghai
- Taikoo Li Qiantan, Shanghai
- ZHANGYUAN76
U.S.A. Portfolio74
- Brickell City Centre, Miami
Hotels74
- Swire Hotels (The Upper House, EAST Hong Kong, The Opposite House77, EAST Beijing, The Temple House, The Middle House and EAST Miami78)
- Serviced Apartments (Pacific Place Apartments and EAST Residences)
- Restaurants (PUBLIC79, Mr & Mrs Fox, Tong Chong Kitchen75 and The Continental)
74 | Includes management offices and head offices. |
75 | Added to the reporting boundary for KPI data collection and reporting in 2024. |
76 | Only includes social data. 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. |
77 | The Opposite House was closed in June 2024, and the data from the closing date onward has been removed from the reporting boundary. |
78 | 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. |
79 | PUBLIC was closed in May 2024, and the data from the closing 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” 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.
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