Emerging Issues

Looking Ahead

Sustainable sourcing, biodiversity and climate resilience are of major importance to the future sustainability of our businesses.

We are developing our understanding of the ways in which these three matters affect our different businesses. The intention is to put in place plans and targets with a view to sourcing materials responsibly, enhancing biodiversity and building lasting climate resilience.

 

 

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.

CASE STUDY

Sustainable inflight catering

Sustainable inflight catering

Cathay Pacific is increasing the amount of sustainably sourced seafood which it uses. It aims to buy more products which comply with the requirements of the Fairtrade Foundation, the Forestry Stewardship Council (FSC) and the Marine Stewardship Council (MSC).

 

Protect and enhance biodiversity

We operate in a wide range of locations, from highly urbanised environments to coastlines and rural landscapes. Biodiversity is the cornerstone of a resilient natural environment on which our business and local communities rely. We want to ensure it is protected and even enhanced, wherever we operate. Whether it is thinking carefully about how to design buildings to better support wildlife, or taking clear action to help combat the trade in endangered species, we can make a difference.

Our operating companies are developing plans accordingly, so as to identify risks to biodiversity and the steps needed to be taken to protect and enhance it.

Our sustainable food policy gives guidance about foods that should not be served at our own events or to customers. The policy reflects the provisions of the WWF Seafood Guide and the Convention on International Trade in Endangered Species of Wild Fauna and Flora.

In 2016, Cathay Pacific signed the United for Wildlife Transport Taskforce Buckingham Palace Declaration, which aims to reduce the illegal trafficking of wildlife with the support of aviation and shipping industry companies and organisations. Cathay Pacific’s cargo policy adheres to the Convention on International Trade and Endangered Species (CITES) requirements for the transport of endangered plants and animals. In 2015, Cathay Pacific stopped carrying hunting trophies and racing greyhounds. In 2016, it stopped carrying ivory, ivory products and shark fin.

CASE STUDY

Partnership with Endangered Species International to protect critically endangered Philippine forest turtles

Partnership with Endangered Species International to protect critically endangered Philippine forest turtles

Swire Pacific Offshore (SPO) is working with Endangered Species International to protect critically endangered Philippine forest turtles on Mount Matutum in South Mindanao in the Philippines. SPO supports mangrove and coastal reef conservation, management and rehabilitation activities in the Sarangani Bay area, also in South Mindanao.  SPO sponsors its Filipino seafarers to do volunteer work on the rehabilitation of forests and mangroves.

 

Build lasting climate resilience

From designing buildings to withstand extreme weather events to addressing rising sea levels at ports and airports, lasting climate resilience is essential to the long-term health of our businesses. Our operating companies are developing long-term strategies accordingly. We will start with identifying the risks and for each of our businesses by 2020 and then we will define the best strategies to mitigate those risks.

As part of its SD 2030 strategy, Swire Properties plans to conduct climate risk assessments for all its portfolios by 2020.

Swire beverages bottling plants prepare water source vulnerability assessments in order to understand better the quality of their water sources and to build good relationships with local governments and communities in the areas in which they operate. On the basis of these assessments, the bottling plants develop water source protection plans, which are reviewed every five years.

GALLERY

Swire Pacific Offshore’ s Ice Breaking Supply Vessels which operate off the coast of Sakhalin Island in the Russian Far East, carry dedicated whale / Marine Mammal Observers during the Gray Whale feeding season.

GALLERY

Swire Properties Community Ambassador Programme marked its 15th anniversary in 2016. In celebration, Swire Properties joined with 15 NGOs to host the LOVE’S TEAM charity bazaar, which ran under the theme of social inclusion.

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