IN THE SPOTLIGHT INABLE DEVELOPMENT (SD) 2030 STRATEGY: 2019 HIGHLIGHTS People
vironment where our r, happier and more mployees and to provide o develop a diverse and
ntion
vered year
d Wellbeing
019 Progress R: 1.63
Our SD Vision:
To be the leading sustainable development performer in our industry globally by 2030.
To achieve this vision, we have formulated our SD 2030 Strategy, which is built on f ive strategic pillars and embraces the spirit of Creative Transformation. It is underpinned by our creative mindset of innovation and experimentation, and promoted through communication and engagement.
on (“D&I”)
019 Progress nder remuneration ratio male to male): 1 to 1
omen hold 51% of anagement positions
hieved and launched a
exible working olicy and uidelines
ing
mme contributed rs, supporting 98
This document highlights our SD performance in 2019. For the scope and more details, please refer to our Sustainable Development Report 2019.
Find out more about
The only Hong Kong and Mainland China developer listed
@
swireproperties.com
baseline ng hotels.
5 Task Force on Climate-related Financial Disclosures. 6 Energy consumption refers to purchased electricity for the provision of shared services for and in the common parts of our buildings, when compared to the BAU baseline year of 2008 for our Hong Kong portfolio and the first BAU baseline year for which a complete calendar year of data was available for projects in our Mainland China portfolio.
7 Hong Kong portfolio refers to our office and retail portfolios and hotels in Hong Kong. Places
Through effective placemaking and long-term placekeeping, we aim to continue to transform the places in which we invest so as to create value, whilst retaining their character, supporting communities and enhancing people’s lives.
Impact Reporting Published our first Places Impact Report for Taikoo Place
Developed a methodology for assessing, measuring and reporting on the impacts of our developments
Performance (Economic)
Partners
We aim to deliver sustainable economic performance coupled with good corporate governance and high ethical standards.
We aim to continue to develop long-term, mutually benef icial relationships with our business partners and other key parties so as to improve our environmental, social and economic performance.
Financial Performance Suppliers
2020 KPI Long-term sustainable growth in shareholder value
2020 KPI Develop programmes for supply chain improvements
2019 Progress 2019 Progress HK$24,130 million
underlyin g pro fi t attributabl e to shareholders
Organise d ou r firs t sustainability
Green Financing
2020 KPI Review, develop and issue green bond
2019 Progress
engagement events for suppliers and business partners in Hong Kong and Mainland China
HK$48 million of Green Procurement spending2
100% of the net proceeds fro mou r firs t gree n bon d o f
Tenants
Launche d ou r firs t sustainability-linked loan of HK$500 million, with the interest rate indexed against the Company’s year-on-year ESG performance improvement
2020 KPI Introduce sustainability guidelines for commercial tenants undertaking new f it-outs and renovations
Disclosure and Reporting
US$500 million allocated to green projects
Green Bond Report 2019 published
2019 Progress
Launched sustainability fit-ou t an d renovatio n guidelines for office and retail tenants
2019 Progress 2020 KPI
Carbon intensity3 Hong Kong Portfolio4 27%
SUSTAINABLE DEVELOPMENT (
Performance (Environment)
People
We aim to create an environment where our employees will be healthier, happier and more productive, to invest in our employees and to provide rewarding career paths so as to develop a diverse and industry-leading team.
Talent RetentionClimate Change 2019 Progress
>169,000 training hours delivered 26.2 training hours/employee/year
2020 KPI Maintain Lost Time Injury Rate (“LTIR”) below 2.0
Mainland China Portfolio4 21%
Hong Kong Portfolio4 28%
Safety, Health and Wellbeing
First approved Science-based Target set by a Hong Kong and Mainland China developer to drive long-term decarbonisation
2019 Progress LTIR: 1.63
Diversity & Inclusion (“D&I”)
2020 KPI Public disclosure of data on gender, age, job level, pay, and ethnicity
2020 KPI Energy consumption6
2020 KPI Disclose SD information in accordance with the requirements of relevant major global sustainability benchmarks
2019 Progress
Recognised 8 F&B tenants in Hong Kong and Mainland China with Green Kitchen Awards
Develop a flexible working policy and guidelines
20%
9 million kWh potential annual energy savings from free energy audits for Hong Kong and Mainland China tenants (since 2008)
2019 Progress Community Ambassador Programme contributed
>7,000 volunteer service hours, supporting 98 activities
2020 KPI Commercial waste diversion rate8 25%
Top ten globally, No.1 in Asia; Member of the World Index
Global Sector Leader 1
Highest total score among constituents; “AAA” rating
“AAA” rating
2020 KPI Target the highest environmental building assessment scheme10
for all projects under development11
Building/Asset Investment 2019 Progress
rating
100% of projects under development achieved the highest ratings
97% of all existing buildings12
are certif ied green buildings, of which
84% achieved the highest ratings
Swire Properties' Sustainable Development (SD) 2030 Strategy on Economic and Environment performance
1 Disclaimer:
www.swireproperties.com/sd/awards/
mscidisclaimer.html 2 Products that meet specific environmental criteria such as green certification or accreditation by reputable, independent third parties. 3 Carbon intensity reduction targets reference the business-as-usual (“BAU”) baseline year of 2008 for our Hong Kong portfolio and the first BAU baseline year for which a complete calendar year of data was available for projects in our Mainland China portfolio.
Transactions is available in the Green Finance Report, our corporate website and Sustainable Development Report.
4 Hong Kong portfolio and Mainland China portfolio refer to our office and retail portfolios in Hong Kong and Mainland China respectively, excluding hotels.
8 For Mainland China portfolio, this refers to the commercial waste recycling rate. 9 Hong Kong portfolio and Mainland China portfolio refer to our office and retail portfolios and hotels in Hong Kong and Mainland China respectively. 10 BEAM Plus/LEED/China Green Building Design Label/WELL certification. 11 Projects under development refers to projects that are under construction or at the precertification stage. This includes non-joint venture projects only. 12 Measured as the percentage of total gross floor area.
@swireprope
5 Task Force on Climate-related Financial Disclosures. 6 Energy consumption refers to purchased electricity for the the BAU baseline year of 2008 for our Hong Kong portfolio a projects in our Mainland China portfolio.
renewable energy generated and certified Green buildings.
© 2020 Swire Properties Limited
Where possible, we also provide qualitative and quantitative environmental performance indicators from the Green projects. These include reductions in energy consumption, carbon emissions and water consumption, as well as
28 7 Hong Kong portfolio refers to our office and retail portfolio
Hong Kong Portfolio7 64 million kWh/year 26%
Continued to publish climate-related financial disclosures as per TCFD5
recommendations Energy
2019 Progress
2019 Progress Gender remuneration ratio (female to male): 1 to 1
Women hold 51% of management positions
Mainland China Portfolio4 23 million kWh/year
Achieved and launched a flexible working policy and guidelines
19.4% Volunteering Waste
2019 Progress Hong Kong Portfolio9 21.7% Mainland China Portfolio9 32.5%
Hong Kong Portfolio7 62.7 million kWh/year 26.9%
Mainland China Portfolio4 23.2 million kWh/year
Published our first P
Developed a metho reporting on the im
Through effecti placekeeping, we places in which w retaining their ch enhancing people
Mainland China Portfolio4 19.9%
To achieve this SD 2030 Strateg pillars and emb Transformation creative mindse experimentatio communication
We aim to continue to design, construct and manage high quality developments that contribute positively to the communities in which we operate and the environment.
Ou
To be the le developme industry glo
This document h 2019. For the sco refer to our Susta 2019.
Find out mor
What are some challenges on implementing such a financing system? We have been very fortunate and have not come across any major challenges in this regard so far.
However, when we first launched our
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