Sustainable Development Report 2020
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Our business

Our business

Swire Pacific is a Hong Kong headquartered international conglomerate with a diversified portfolio of market leading businesses. The Company has a long history in Greater China where the name Swire or 太古 has been established for over 150 years.

Our aims are to deliver sustainable growth in shareholder value, achieved through sound returns on equity over the long term, and to return value to shareholders through sustainable growth in ordinary dividends.

Swire Pacific is listed on the Stock Exchange of Hong Kong (HKSE: 00019/00087). Operating with five divisions (Property, Aviation, Beverages, Marine Services and Trading & Industrial), Swire Pacific undertakes a wide range of commercial activities. It has interests in two listed companies, Swire Properties Limited (Swire Properties, HKSE:1972) and Cathay Pacific Airways Limited (Cathay Pacific, HKSE: 293)1.

Property

Swire Properties is a leading developer, owner and operator of mixed-use, principally commercial, properties in Hong Kong and the Chinese mainland (Beijing, Shanghai, Guangzhou and Chengdu), and the US (Miami).

Aviation

Cathay Pacific, with its subsidiaries HK Express and Air Hong Kong, had 239 aircraft at the end of 2020. Before the onset of COVID-19, the airlines directly connected Hong Kong to 119 destinations worldwide. It has an 18.13% interest in Air China and interests in companies providing flight catering, laundry, and passenger and ramp handling services, and owns and operates a cargo terminal at Hong Kong International Airport.

Hong Kong Aircraft Engineering Company (HAECO) is a leading provider of international aircraft maintenance and repair services, operating from bases in Hong Kong, the Chinese mainland and the US.

Beverages

Swire Coca-Cola has the exclusive right to manufacture and distribute products of The Coca-Cola Company in 11 provinces and the Shanghai municipality in the Chinese mainland and in Hong Kong, Taiwan and an extensive area of the western US. It is the fifth largest bottler for The Coca-Cola Company by sales volume.

Marine Services

Swire Pacific Offshore owns and operates a fleet of vessels supporting the offshore energy industry in every major offshore production and exploration region outside the US.

Trading & Industrial

Swire Resources retails and distributes footwear, apparel and related accessories in Hong Kong, Macau and the Chinese mainland. It operated over 180 retail outlets at the end of 2020.

Taikoo Motors sells passenger cars, commercial vehicles, motorcycles and scooters, almost all of them in Taiwan.

Qinyuan Bakery is a leading bakery chain in southwest China, with 546 stores at the end of 2020.

Taikoo Sugar packages and sells sugar in Hong Kong and the Chinese mainland.

Swire Waste Management Services has waste management contracts in Hong Kong.

Swire Pacific is one of Hong Kong’s largest and oldest employers, where we have over 34,000 employees. In the Chinese mainland, we also have over 34,000 employees. Globally, we employ over 86,000 people.

For further information about our group structure and financial performance, please refer to the Swire Pacific Annual Report 2020.

Swire Pacific Group overview 2020

Financials Employees Emissions Water withdrawal Waste generated

Financials

Property Aviation Beverages Marine Services Trading & Industrial
Total revenue2 (HK$M) 13,308 11,483 45,082 1,890 8,367
Recurring profit/ (loss) (HK$M) 5,834 (6,033) 2,076 (1,019) 12
Tax paid (HK$M) 1,589 175 476 21 52

Financials

Total revenue2 (HK$M)

Property
13,308

Aviation
11,483

Beverages
45,082

Marine Services
1,890

Trading & Industrial
8,367

Recurring profit/ (loss) (HK$M)

Property
5,834

Aviation
(6,033)

Beverages
2,076

Marine Services
(1,019)

Trading & Industrial
12

Tax paid (HK$M)

Property
1,589

Aviation
175

Beverages
476

Marine Services
21

Trading & Industrial
52

Employees

Emissions

Water withdrawal

Waste generated


1 Cathay Pacific (in which Swire Pacific holds less than half (45%) of the voting rights) is accounted for as an associated company of Swire Pacific. However, the sustainability performance data of Cathay Pacific is reported on a 100% basis.
2 Revenue figures exclude the revenues of associate companies (e.g. Cathay Pacific and Hongkong United Dockyards).
3 Total employees are those at 31st December 2020 and include staff of all employment types (permanent full time staff, permanent part time staff and, in the Chinese mainland, fixed contract staff, fixed term and temporary contract staff). On the same date, there were 41 employees directly employed by Swire Pacific (Head office).
4 For the Cathay Pacific Group, only CO2 emissions for aviation turbine fuel are reported as there is no scientific consensus on the global warming effect of other emissions. Cathay Pacific monitors developments in these areas of atmospheric science, including studies from the UK’s OMEGA aviation and environment project and the Institute of Atmospheric Physics at the German Aerospace Centre.
5 Total water withdrawal refers to the sum of water drawn from municipal water and groundwater. Virtually all water withdrawal by the Swire Pacific group is from municipal water supplies provided by local water supply authorities.

Our approach