A quick walk-through of the Swire Pacific SD Report 2021.
Swire Pacific's Sustainable Development Report 2021 has reported the Group's progress against the ambitious targets set by its sustainability strategy, SwireTHRIVE: to achieve net zero carbon emissions, water neutrality and zero waste to landfill by 2050.
Highlights of the 2021 report include:
Converting 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.
Approving 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.
Strengthening the Task Force on Climate-related Disclosures reporting, incorporating initial findings from its assessment of the physical climate risks to 850+ of its top value assets by insured value.
Swire Pacific has made good progress towards achieving its interim and long-term environmental and social goals, especially in the areas of carbon reduction, waste management, workplace diversity, and communities. By the end of 2021, Swire Pacific achieved an 18% reduction in carbon emissions, while aiming towards 50% reduction by 2030, and diverted 51% of waste from landfill out of its target of 65% by 2030. Women hold 24% of the company's senior management roles, meaning it is on track to achieve its 2024 target of 30%. In 2021, the Swire Group Charitable Trust (Swire Trust) donated HK$63 million through its TrustTomorrow community initiative, benefitting over 500,000 people.
Swire Pacific's 2021 Sustainable Development Report can be viewed here.
The latest sustainability reports from other Swire group companies can be viewed here.
