Source materials sustainably
We rely on a range of natural materials to create our products and services. Our aim is that, by 2030, all the key materials which we use should be sourced responsibly and sustainably. Our operating companies will continue to be responsible for managing their own supply chains. They have identified their key materials. Specific plans and targets are being developed with a view to meeting our 2030 aim.
Our operating companies are supported by our supply chain sustainability working group, which shares best practices and develops sustainability policies and guidelines for suppliers.
Our supplier corporate social responsibility code of conduct has been adopted by all our operating companies. It sets out standards with respect to regulatory compliance, forced labour, child labour, health and safety, environmental issues, compensation and working hours, human rights, subcontractor management, ethics and reporting. Suppliers’ compliance with the code is assessed.
Our operating companies use a risk matrix based on the above supplier code of conduct, with a view to managing and mitigating risks. Attention is focused on high risk suppliers and suppliers. The results determine which suppliers need to be audited in order to ensure compliance.
Under our sustainable procurement policy, our operating companies are required to purchase where possible products which do not adversely affect the environment:
- Minimal use of virgin material in the product
- Replacement of disposables with reusables or recyclables
- Minimal environmental impact over the life of the relevant product or service
- Minimal packaging or elimination of packaging
- Reduced energy or water consumption
- Toxicity reduction or elimination
Our guidelines reflect international standards. We include sustainability criteria in procurement decisions where possible.
At Swire Properties over HK$280 million worth of green products were procured in 2016. At the WHITESANDS residential development, pavers containing recycled material were used.
Cathay Pacific uses carpets made from regenerated nylon waste in its economy class cabins. Its economy class blankets are made from recycled plastic bottles and its napkins are made from sugar cane residue.