Swire Pacific Updates its Latest Sustainable Development Progress

Swire Pacific disclosed its ambitious targets for its sustainability strategy, SwireTHRIVE in Swire Pacific’s Sustainable Development Report 2020: to achieve net zero carbon emissions, water neutrality and zero waste to landfill by 2050. The latest performance and progress in delivering the SwireTHRIVE targets can be found in its Sustainable Development Report 2021 published on 27th May 2022.

2021 Highlights:
• Converted two additional revolving credit facilities totalling HK$2.2 billion into sustainability-linked loans. Sustainable finance constituted 18% of the Group’s total financing in 2021.
• Approved HK$8 million to fund trials of cleantech solutions that reduce carbon and waste at four operating companies via the Swire Pacific Sustainable Development Fund.
• Strengthened our Task Force on Climate-related Disclosures (TCFD) reporting, incorporating initial findings from our assessment of the physical climate risks to 850+ of our top value assets by insured value.

In 2021, Swire Pacific was included in the S&P Global Sustainability Yearbook 2022, which recognises top performers in corporate sustainability based on assessments of over 7,500 companies across 61 sectors. Companies must be within the top 15% of their industry to be included. Swire Pacific was also included in the 2022 Bloomberg Gender-Equality Index, acknowledging the company’s commitment to creating an inclusive and supportive workplace. Swire Pacific is the only Hong Kong-headquartered company to be included.

Swire Pacific will continue to report its latest sustainable development progress through its Sustainable Development Report and other communication channels.

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