The SDO, led by the Group Head of Sustainability, advises senior management of key developments and emerging risks related to sustainable development, and is responsible for setting group environmental policies and targets, monitoring the implementation of SwireTHRIVE and our ESG policies, and internal and external reporting on ESG matters. The SDO reports to an Executive Director of Swire Pacific.
The SDO coordinates the SGEC and five working groups responsible for defining our climate, waste, water and sustainable supply chain approaches and our response to the Task Force on Climate-related Financial Disclosures (TCFD).
In 2021, Swire Pacific formally adopted the three lines of defence risk governance model, which resulted in the establishment of four new risk forums to support the GRMC and a separate Swire Pacific Risk Management Committee, which identifies risks that have a Group dimension (see Risk management).
The management of risks and the implementation of ESG policies are subject to scrutiny by our internal audit department, with support from specialist external consultants where necessary.