2018 Sustainability Report


Aligning with the Global Reporting Initiative

The coverage of our annual sustainable development report is determined by reference to a detailed materiality assessment. The assessment identifies and evaluates the sustainability issues most important to our businesses and stakeholders for the year under review and in the near-term future.

We define a material issue as an issue that reflects the significant economic, environmental and social impact of our businesses or that substantively influences the assessments and decisions of stakeholders. We follow guidance from and report with reference to the GRI, including the requirement to report by reference to the GRI Standards and to identify and assess material issues.

The objectives of the materiality assessment are to meet external reporting requirements (GRI Standards and the HKEx ESG Guide) and to evaluate our sustainability performance in light of the expectations of those inside and outside our businesses with whom we engage.

In-depth assessment

Our materiality assessment has three steps: identification, prioritisation and validation

assessment map

Importance of sustainability factors to the business and external stakeholders

In the interactive materiality assessment map, you can filter material issues by the category of the issue or by business and stakeholder priority. The size of the issue displayed corresponds with its importance.

Select sustainability factors

Select importance to business and external stakeholders

LOW - Business
LOW - External stakeholders

LOW - Business
HIGH - External stakeholders

HIGH - Business
LOW - External stakeholders

HIGH - Business
HIGH - External stakeholders

Materiality assessment results

Material issues and aspects

The table below shows:

  1. the GRI indicators which correspond to the material issues which we identified for 2018
  2. whether they have an impact inside our organisation, outside our organisation or both
  3. the Swire Group businesses where they have a material impact

For each of the 22 material topics, we have provided a section in this report which indicates why the topic was material in 2018, our approach to managing the risks and opportunities associated with the topic, and our performance in relation to the topic.

Material issue GRI indicator Boundary Swire Group business
Impact inside Impact outside
Economic Performance GRI 201
Indirect Economic Impact GRI 203
Procurement Practices GRI 204
Anti-corruption GRI 205
Anti-competitive Behaviour GRI 206
Materials GRI 301
Swire Properties and Swire Coca-Cola
Energy GRI 302
Cathay Pacific, Swire Properties and Swire Coca-Cola
Water GRI 303
Swire Coca-Cola
Biodiversity GRI 304
Cathay Pacific and Swire Properties
Emissions GRI 305
Cathay Pacific
Effluents and Waste GRI 306
Swire Properties, Cathay Pacific and Swire Coca-Cola
Employment GRI 401
Occupational Health and Safety GRI 403
Training and Education GRI 404
Diversity and Equal Opportunity GRI 405
Non-discrimination GRI 406
Freedom of Association and Collective Bargaining GRI 407
Human Rights Assessment GRI 412
Local Community GRI 413
Supplier Social Assessment GRI 414
Customer Privacy GRI 418
Socio-economic Compliance GRI 419

Cyber-security, data protection and packaging waste (plastics) were identified as new material issues in 2018.

Our stakeholders did not rank the materiality of talent recruitment and retention or diversity and inclusion as highly as in previous years. However, we consider it important to report on these matters in order to demonstrate our commitment to remaining an employer of choice to our around 93,000 employees.

Our stakeholders did not consider human rights, biodiversity and our procurement practices of material importance for disclosure. However, they are disclosed as these are viewed as emerging issues of major importance to the future sustainability of our businesses.

Scope of our reporting

Lists of companies and parts of companies which have and have not provided information for this report can be found here.

Performance indicators are reported on a 100% basis and therefore do not make reference to Swire Pacific’s shareholdings in operating companies.