The Swire Pacific Sustainability Report 2017 was launched as an interactive website on 4th July 2018. The report relates to Swire Pacific's sustainability performance during the year ending 31st December 2017. It sets out Swire Pacific and its operating companies' approach to sustainability, ethics and good governance and showcases ongoing efforts to make Swire Pacific more sustainable in its everyday operations, for the people with whom we work and the communities in which we operate.

We regard sustainable development as a strategic imperative for our businesses and essential to creating long-term value for our shareholders. Consistent, clear and accurate sustainability reporting is integral to the group's commitment to facilitating an open and honest dialogue with all our stakeholders, enabling us all to thrive together.

In 2017, we continued to implement SwireTHRIVE, our environmental sustainability strategy introduced in 2016. We established working groups dealing directly with environmental issues and set near- and long-term targets for carbon and waste reduction. Some highlights include:

• 6% reduction in energy consumption by the Property Division.
• 22% reduction in waste by the Beverages Division.
• 9% reduction in electricity consumption by Swire Resources.

The Swire Pacific Sustainability Report 2017 features a number of case studies that illustrate how our businesses are working towards achieving our 2020 goals. The report quantifies the group's sustainability efforts through materiality assessments and financial and operational performance data. It describes Swire's corporate governance relevant to sustainability and how we integrate sustainability into identifying and managing risks and opportunities. See www.swirepacific.com for further details.