Sustainability Governance

Responsible governance for future success

Sound corporate governance is essential to long term success. Our Board is responsible for establishing and maintaining our governance structures and systems. Our approach to governance can be seen in the following links.

We comply with the Corporate Governance Code in Appendix 14 to The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Our governance practices are described in the Corporate Governance Report section of our 2016 Annual Report.

The governance of sustainability matters is an important element of our corporate governance. Our aim is to identify and benefit from sustainability opportunities and to manage sustainability risks, through appropriate policies, standards and systems.

Swire Values

The Swire motto is “Esse quam videri – to be, rather than seem (to be)”. We value integrity, humility, endeavour, excellence and continuity. We believe this motto and these values to be central to the long term success of our businesses and that operating our businesses in a socially and environmentally responsible way is fully consistent with them and with such long term success.

Our Corporate Code of Conduct requires employees to maintain high standards of business ethics and to deal appropriately with each other, with those with whom we do business and with the communities in which we operate. The Code includes provisions dealing with business ethics, conflicts of interest, bribery, procurement, record keeping, whistleblowing, health and safety and the environment, equal opportunities, diversity and respect in the workforce, and privacy. All employees receive training on our Code of Conduct, which is incorporated in the conditions of their employment.

We work closely with our own businesses and with those with whom we do business with a view to maintaining an appropriate level of oversight and control over sustainability matters.

It is our policy to comply in full with all applicable laws and regulations, including those governing the environment, employment (including laws prohibiting child or forced labour), health and safety, products (including their advertising and labelling), bribery, privacy, and discrimination.

Sustainable development and our corporate policies

The 1987 Brundtland Commission defined sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs”. Our sustainable development policy and aims are intended to be consistent with this definition.

OUR AIMS
  • We aim to create long term value for our shareholders. Achieving this depends on the sustainable development of our businesses and the communities in which we operate.
  • To achieve sustainable development, we aim:
     
    • To minimise our impact on the environment;
    • To cause zero harm; and
    • To excel as corporate citizens
OUR POLICY
  • Industry leadership: We aim to be leaders in sustainable development in the industries in which we operate.
  • In our operations, we aim to:
     
    • Be a good steward of the natural resources and biodiversity under our influence and to identify and manage appropriately the adverse impact of our operations on the environment
    • Do our best to safeguard the health and safety of our employees, those with whom we do business and our visitors
    • Provide an environment in which all employees are treated fairly and with respect and can realise their full potential
    • Encourage our suppliers and contractors to promote sustainable development
    • Encourage the responsible use of our products and services by our customers and consumers
    • Bring value to the communities in which we operate, enhance their capabilities and respect their culture and heritage.
MAKING IT HAPPEN
  • All operating companies (Opcos) in which Swire Pacific has a controlling interest have plans for applying our policy and aims in a way which is relevant to their businesses. We encourage other companies in which we are interested as shareholders and our suppliers and contractors to have similar plans
  • We encourage our staff to be active in sustainable development matters at work and outside work
  • We monitor our performance and intend to report on it
  • We will review this policy periodically, having regard in particular to discussions with those with whom we engage on sustainability matters

Other policies covering sustainable supply chains, green buildings and health and safety are covered in the appropriate sections of this report.

Our sustainable development governance structure

Swire Pacific’s highest governance body is its Board, which is led by an Executive Chairman. Our corporate governance (including the operations of the Board and its committees, audit and communication with shareholders and investors) is reported on in the Corporate Governance Report in our 2016 Annual Report.

Our Board, led by its Chairman, is ultimately accountable for sustainability matters. Information on sustainability risks and performance is reported to the Board via the Group Risk Management Committee (GRMC), which has five members and is chaired by the Corporate Development and Finance Director. The GRMC is advised by the Swire Group Sustainability Committee and by working groups which include an Environmental Best Practice Working Group.

Our Sustainable Development Office, which reports directly to the Chairman, is responsible for setting policy, for monitoring the implementation of policy and for the implementation of our new Group sustainability strategy, Thrive.

The management of each operating company is responsible for managing its own sustainability matters. Each operating company is responsible for:

  • Assessing the sustainability issues faced by the company
  • Formulating strategy based on this assessment
  • Implementing this strategy through an appropriate organisational structure
  • Monitoring compliance (in order to confirm that appropriate action has been taken) and reporting on performance

 

External Commitments

Swire Pacific

  • WWF HK – Member of the Conservation Advisory Committee
  • Hong Kong Business Environment Council – Board member
     
    • Member of the Energy Advisory Group
    • Member of the Environmental Social and Governance (ESG) Advisory Group
    • Member of Climate Change Business Forum (CCBF) Advisory Group
  • Hong Kong Management Association Sustainability Committee
  • City University Advisory Committee of the School of Energy and Environment

External commitments of our businesses are below:

01

Property

  • BEAM Society - Founding Member
  • Business Environment Council – Board of Director and Council Member
  • Green Cross - Occupational Safety & Health Council - Group Member
  • Harbour Business Forum - Patron Member (through the Swire Group)
  • Hong Kong General Chamber of Commerce – Member
  • Hong Kong Green Building Council – Patron Member
  • The Hong Kong Management Association - Charter Member
  • The Lighthouse Club Hong Kong – Corporate Member
  • The Real Estate Developers Association of Hong Kong - Corporate Member
  • Urban Land Institute (ULI) - Regional Corporate Sustaining Member
  • WWF- Gold Member
  • Business Environment Council (Climate Change) and Business Forum Advisory Group - Building Energy Pledge
  • Environmental Protection Department, Hong Kong Special Administrative Region (SAR) Government - Carbon Reduction Charter
  • Environment Bureau, Hong Kong SAR Government - Charter on External Lighting
  • Hong Kong General Chamber of Commerce and Hong Kong Business Coalition on the Environment - Clean Air Charter
  • Friends of the Earth (Hong Kong) - Dim It Charter
  • Environment Bureau and Electrical and Mechanical Services Department, Hong Kong SAR Government - Energy Saving Charter
  • Environment Bureau and Electrical and Mechanical Services Department, Hong Kong SAR Government - Energy Saving Charter on “No ILB”
  • Environment Bureau, Hong Kong SAR Government - Food Wise Charter
  • Environmental Protection Department, Hong Kong SAR Government - Friends of EcoPark
  • Development Bureau, Hong Kong SAR Government - Greening Partner Charter
  • Green Council - Hong Kong Green Purchasing Charter
  • World Business Council for Sustainable Development - Manifesto for Energy Efficiency in Buildings
  • Environmental Protection Department, Hong Kong SAR Government - Waste Check Charter
02

Aviation

  • IATA – International Air Transport Association Environment Committee - Member
  • IATA Airline Cabin Waste Working Group - Member
  • IATA Wildlife Task Force - Member
  • IATA CORSIA Working Group - Member
  • WWF HK – Corporate member Pearl
  • Global Market-Based Measure Technical Task Force (GMTF) – Member
  • Oneworld Procurement Best Practices Working Group - CSR – Member
  • SEDEX - Member
  • SAFUG - Sustainable Aviation Fuel Users Group
  • RSB – Roundtable on Sustainable Biomaterials
  • CAAFI - The Commercial Aviation Alternative Fuels Initiative
  • AAPA - Association of Asia Pacific Airlines Environmental Working Group – Member
  • United for Wildlife Transport Taskforce Buckingham Palace Declaration - Signatory
  • HK EPD Food Wise Charter
  • HK EMSD Energy Saving Charter
  • Airport Authority Hong Kong Carbon Pledge

HAECO Hong Kong and HAECO Xiamen

  • IATP - member

HAECO Americas

  • ARSA - Corporate member
  • North Carolina Chamber of Commerce
  • Columbia County Chamber of Commerce
  • Greensboro Partnership
03

Beverages

  • Swire Coca-Cola Beverages Zhengzhou
     
    • Henan Provincial Foreign Investors Association (Vice Chairman)
    • Henan Provincial Enterprise Federations (Vice Chairman)
    • Zhengzhou Municipal Food Industry Association (Vice Chairman)
  • Swire Guangdong Coca-Cola
     
    • Guangdong Provincial Quality Inspection Association (member)
    • Guangdong Provincial Food Safety Association (member)
    • Guangdong British Chamber of Commerce (member)
  • Swire Coca-Cola Beverages Xiamen
     
    • Fujian Provincial Science & Technology Association (member)
  • Swire Coca-Cola Beverages Zhejiang
     
    • Zhejiang Provincial Beverages Association (Vice Chairman)
    • Zhejiang Provincial Foreign Investors Association (member)
    • Hangzhou Food Industry Association (member)
  • Swire Coca-Cola Beverages Jiangsu
     
    • Nanjing Foreign Investors Association (Vice Chairman)
    • Nanjing City Food Industry Association (Vice Chairman)
    • Nanjing Food Chamber of Commerce (Vice Chairman)
  • Swire Coca-Cola Beverages Hefei
     
    • Anhui Provincial Foreign Investor Association (member)

Hong Kong

  • The Hong Kong Beverages Association Limited (Chairman)

USA

  • American Beverage Association
  • State Beverage Associations
  • Coca-Cola Bottling Association
  • Dr. Pepper Association
  • Bonneville Environmental Foundation
  • Business for Water Stewardship
  • Change the Course – water conservation program
  • Trout Unlimited
  • River Network
  • Colorado Water Trust
  • Utah Clean Air Partners (UCAIR)
  • Clean Utah, a program of Utah DEQ for air quality

Taiwan

  • Taiwan Beverage Industry Association
  • Taiwan Food Industry Development Association
  • American Chamber of Commerce in Taipei
  • European Chamber of Commerce Taiwan (Joined under the name Swire Beverages)
04

Marine Services

  • AMMA – Australian Mines & Metals Association
  • British Chamber of Commerce (Denmark)
  • British Chamber of Commerce (Singapore)
  • Danish Wind Energy Association
  • EWEA – European Wind Energy Association
  • IFAP (Perth, WA) – Industrial Foundation for Accident Prevention
  • IMCA – International Marine Contractor Association
  • IMEC – International Maritime Employers' Council (Director)
  • IMSF – International Marine Simulator Forum
  • ISCO – International Spill Control Organisation
  • ISOA – International Support Vessel Owners' Association
  • ISU – International Salvage Union
  • MarineSafe (Western Australia)
  • MIAL – Maritime Industry Australia Limited
  • NPF – Norwegian Petroleum Association
  • NRF – Norwegian Shipowners Association
  • RenewableUK
  • RTP Asia - Nautical Institute Regional Training Providers’ forum
  • Global Compact Network Singapore
  • SSA – Singapore Shipping Association
  • Brasil ABEAM (Associação Brasileira das Empresas de Apoio Marítimo)
05

Trading & industrial

  • HKRMA (Hong Kong Retail Management Association)
  • HKMA (Hong Kong Management Association)
  • iHRM (Hong Kong Institute of Human Resource Management)
  • HKGCC (Hong Kong General Chamber of Commerce)
  • Hong Kong Waste Management Association
  • Hong Kong Suppliers Association
  • Federation of Hong Kong Industries
  • Hong Kong Brand Development Council
  • Taipei Automobile Distributors Association
  • Taiwan Transportation Vehicle Manufacturers Association
  • Kaoshiung Automobile Dealers Association
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