Swire Properties Unveils New Sustainable Development 2050 Vision and Strategy

A vision to build the World’s most sustainable communities

Swire Properties today announced the launch of its Sustainable Development (SD) 2050 Vision and Strategy, advancing the Company’s long-term commitment to putting sustainability at the heart of its operations. Guided by a new vision, “Building the World’s Most Sustainable Communities”, the new strategy aims to lead transformative changes in the built environment by harmonising business, people and nature, while also supporting the Company’s ambitious business growth plans in Hong Kong, the Chinese Mainland and Southeast Asia.

Having achieved its SD 2030 Vision of becoming a global leader in sustainability performance in the real estate industry six years ahead of schedule, Swire Properties’ SD 2050 Strategy addresses the consideration “Where Next”, with a focus on creating long-term value for key stakeholders, including investors, employees, tenants, customers, residents, business partners, guests and the wider community

“We are proud to set out a clear vision for sustainability, and to commit to a strategy which will set us apart by embedding sustainability as a core driver of business for our long-term success. Our SD 2050 Strategy has been developed in response to the ever-changing global environment, evolving stakeholder expectations and increasingly frequent extreme climate events, building on our past achievements to provide a framework for defining the next chapter of our sustainability journey,” said Tim Blackburn, Chief Executive of Swire Properties.

“Placemaking will remain central to everything we do, and the new strategy will motivate us to continue innovating across all facets of our business, deepening our collaborations with partners to shape a more sustainable future for our communities.”

SD 2050 Strategy – Building the World’s Most Sustainable Communities
Focused on four long-term commitments – Zero Harm, Net-Zero Carbon, Zero Waste to Landfill and Water Neutrality – the new Strategy will continue to drive impactful change through a total of 140 ambitious targets over the next decade, with innovative strategies across five strategic pillars: Places, People, Partners, Planet and Performance.

Key strategic targets include: 

• Climate Transition: Deliver on near term, long term and net zero emissions targets validated under the Science Based Targets initiative (SBTi) Buildings Criteria, as the first real estate company in Hong Kong and the Chinese Mainland to have such targets validated;
• Nature and Biodiversity: As part of a new Nature Transition Plan, the Company targets to deliver nature-positive outcomes across the whole building lifecycle, from land acquisition and procurement to integrating nature-positive solutions into new development projects during the planning and design stages;
• Tenant Engagement Programmes: Scale up the Company’s proprietary tenant engagement programmes by committing to engage 70% of office tenants in the Green Performance Pledge, 100 of retail tenants in the Green Retail Partnership and 35% of food and beverage tenants in the Green Kitchen Initiative by 2030;
• Supplier Engagement: Strengthen the current proactive, strategic partnership approach to engage 100% of suppliers in sustainability/ESG risk screening to raise the supply-chain ESG performance, and expand sustainable procurement targets across new development projects, existing portfolios and hotels;
• Investment in People: Alongside a focus on health and safety to achieve zero harm, Swire Properties will refresh its priority to enhance the candidate and employee experience, diversity, equity, inclusion and belonging (DEIB), employee wellbeing, and Swire Properties’ culture and values – ensuring that employees feel supported and engaged in working to realise their full potential;
• Social Value Creation: Refresh the Company’s Community Investment Strategy and introduce a new Social Value Creation Framework, pioneering a more structured and measurable approach to social value creation and impact assessment;
• Green Finance: Commit to having more than 90% of bond and loan facilities from green financing by 2035.

For more information about Swire Properties’ SD 2050 Vision and Strategy, please visit https://sd.swireproperties.com/sd2050

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About Swire Properties
Swire Properties develops and manages commercial, retail, hotel, and residential properties, with a particular focus on mixed-use developments in prime locations at major mass transportation intersections. Swire Properties is listed on the Main Board of the Stock Exchange of Hong Kong and its investment portfolio in Hong Kong comprises Taikoo Place, Pacific Place, Cityplaza and Citygate. The Company’s completed portfolio in Hong Kong comprises approximately 1.51 million sqm (approximately 16.3 million sq ft) of space.

In the Chinese Mainland, Swire Properties has six completed mixed-use developments. They include Taikoo Li Sanlitun and INDIGO^ in Beijing, HKRI Taikoo Hui and Taikoo Li Qiantan in Shanghai, Taikoo Hui Guangzhou and Taikoo Li Chengdu. Taikoo Place Beijing^{^}, Taikoo Li Xi’an, Taikoo Li Sanya*, the expansion of Taikoo Li Qiantan, Lujiazui Taikoo Yuan in Shanghai and Taikoo Li Julong Wan Guangzhou are currently under development. The Company’s completed portfolio in the Chinese Mainland comprises approximately 1.3 million sqm (14.4 million sq ft) of space.

In addition to Hong Kong and the Chinese Mainland, the Company has a presence in Indonesia, Vietnam, Singapore, Thailand and Miami, U.S.A.

Swire Properties has achieved global leadership in sustainable development with its No. 1 ranking in the Dow Jones Best-in-Class World Index 2024 (formerly known as Dow Jones Sustainability World Index), in the Real Estate Management & Development Industry category.

Visit Swire Properties’ website at www.swireproperties.com

^Taikoo Place Beijing will include the existing INDIGO upon completion.
*Project name to be confirmed.