2017 Sustainability Report

Governance

Success through responsibility

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 approach to governance

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

Corporate Governance Code
Memorandum and Articles of Association
Board Diversity Policy

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 2017 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.

We need to build the resilience of our businesses to shocks and be ready to take advantage of new opportunities. Sustainable development must be integral to what we do if we are to create long term value for our shareholders.

Merlin Swire, Chairman Swire Pacific Limited

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 2017 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 eight members and is chaired by the Finance Director. The GRMC is advised by the Swire Group Sustainability Committee and by working groups which include one on environmental best practices.

We are replacing the energy, supply chain, and environmental best practice working groups with working groups focused on the six SwireTHRIVE key issue areas. Division heads will meet twice a year on sustainability matters under the chairmanship of the Chairman of the Board.

Our Sustainable Development Office, which reports directly to a member of the Board, is responsible for setting policy, for monitoring the implementation of policy and for the implementation of our Group sustainability strategy, SwireTHRIVE. Policies are intended to reflect key sustainability trends and to address major risks and opportunities in sustainability. The Sustainable Development Office coordinates the sustainable development committees and working groups. These committees and groups enable operating companies to exchange information and best practices with a view to developing specific policy recommendations, improving efficiency, reducing costs and engaging with staff.

We work together with our operating companies and with those with whom we do business with a view to maintaining an appropriate level of oversight and control over sustainability matters. The management of each operating company is responsible for 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

Climate related governance

The GRMC considers climate related risks and informs the Board about them through the Audit Committee. The GRMC uses the skills and experience available within the group to help identify material climate related risks and to propose sustainable mitigants. A Carbon Working Group will develop climate related targets with reference to the carbon emissions of our operating companies. A Climate Resilience Working Group will assess our exposure to physical and transitional climate risks and will develop practicable adaptation proposals. The working groups’ membership is representative of the sustainability expertise within the Swire Pacific group. We believe that combining people in these working groups will improve our ability to help our businesses to thrive together for the long term.

External commitments

Swire Pacific

  • WWF HK – Member of the Conservation Advisory Committee
  • Hong Kong Business Environment Council – Board member
  • Hong Kong Business Environment Council – Member of the Energy Advisory Group
  • Hong Kong Business Environment Council – Member of the Environmental Social and Governance (ESG) Advisory Group
  • Hong Kong Business Environment Council – 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

Properties

  • 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 – Board of Director and Corporate Member
  • Urban Land Institute (ULI) – Regional Corporate Sustaining Member
  • WWF – Pearl 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

Aviation

  • International Air Transport Association (IATA) Environment Committee – Member
  • IATA Airline Cabin Waste Working Group – Member
  • IATA Wildlife Task Force – Member
  • IATA CORSIA Working Group – Member
  • Global Market-Based Measure Technical Task Force (GMTF) – Member
  • oneworld Procurement Best Practices Working Group – CSR
  • WWF-Hong Kong – Corporate Member Pearl
  • Association of Asia Pacific Airlines Environmental Working Group – Member
  • Environmental Protection Department, HKSAR Government- Food Wise Charter – Signatory
  • Electrical and Mechanical Services Department, HKSAR Government- Energy Saving Charter – Signatory
  • Airport Authority Hong Kong – Carbon Pledge

HAECO Hong Kong and HAECO Xiamen

  • IATP – Member

HAECO Americas

  • ARSA – Corporate member
  • North Carolina Chamber of Commerce – Member
  • Columbia County Chamber of Commerce – Member
  • Greensboro Chamber of Commerce – Member
  • Piedmont Triad Partnership – Member

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 – Executive Committee Member

USA

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

Taiwan

  • Taiwan Beverage Industry Association – Director
  • Taiwan Food Industry Development Association – Executive Director
  • American Chamber of Commerce in Taipei – Member
  • European Chamber of Commerce Taiwan (joined under the name Swire Beverages) – Member

Marine Services

Photo courtesy of Swire Pacific Offshore
  • 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
  • Renewable UK
  • 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)

Trading & Industrial

Swire Resources Limited

  • HKRMA (Hong Kong Retail Management Association) – Full Member
  • HKRMA (Hong Kong Retail Management Association) – No Fake Pledge Scheme
  • iHRM (Hong Kong Institute of Human Resource Management) – Mentorship Programme

Columbia

  • HKRMA (Hong Kong Retail Management Association) – Quality E-Shop Recognition Scheme

Cath Kidston

  • HKRMA (Hong Kong Retail Management Association) – Quality E-Shop Recognition Scheme

Taikoo Motors Limited

  • Taipei Automobile Distributors Association
  • Taiwan Transportation Vehicle Manufacturers Association
  • Kaohsiung Automobile Dealers Association

Swire Waste Management Limited

  • Hong Kong Waste Management Association – Organisational Member
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