Swire Pacific's Sustainable Development Policy commits the Group to working on the environmental, health and safety, employment, supply chain and community issues that our operations affect, and to working with other parties to promote sustainable development in the industries in which we operate.
Given the diversity of the Group's business portfolio, implementation of the policy is handled on a company-by-company basis and is overseen by the Directors appointed to the company by Swire Pacific; this is a core responsibility of each company's management team.
Sustainable Development is defined as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs"1. Swire Pacific's aim is to create long term value for its shareholders. Achieving this depends on the sustainable development of its businesses and the communities in which it operates.
The executive management of each company in which Swire Pacific has a controlling interest should apply this policy in a way which is relevant to their business. Associated and joint venture companies are encouraged to follow this policy, as are our suppliers.