Sustainable Development Report 2021

About Swire Pacific


Swire Pacific is a Hong Kong-based 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 three core divisions (Property, Beverages and Aviation), Swire Pacific undertakes a wide range of commercial activities. It is the largest shareholder in two other listed companies in Hong Kong: Swire Properties Limited (Swire Properties, HKSE: 1972) and Cathay Pacific Airways Limited (Cathay Pacific, HKSE: 293).

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

Swire Coca-Cola has the exclusive right to manufacture and distribute products of The Coca-Cola Company (TCCC) 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 TCCC by sales volume.

The Aviation Division comprises the wholly-owned Hong Kong Aircraft Engineering Company (HAECO) group and an associate interest in the Cathay Pacific group1.

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.

Cathay Pacific, with its subsidiaries HK Express and Air Hong Kong, had 234 aircraft at the end of 2021. 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.

Swire Resources retails and distributes footwear, apparel and related accessories in Hong Kong, Macau and the Chinese Mainland. It operated 170 retail outlets at the end of 2021.

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 538 stores at the end of 2021.

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

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

The Marine Services Division comprised investments in Swire Pacific Offshore and Hongkong United Dockyards (HUD) group.

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

With the disposal of its interest in Swire Pacific Offshore in April 2022 and the sale of its 50% interest in the HUD group in September 2021, the Group will no longer operate any marine services business.

Swire Pacific is one of Hong Kong’s largest and oldest employers, where we have over 30,000 employees. In the Chinese Mainland, we also have over 34,000 employees. Globally, we employ over 80,000 people².

For further information about our group structure and financial performance, please refer to the Swire Pacific Annual Report 2021.

Property Beverages Aviation Trading & Industrial Marine Services
Total revenue3 (HK$M) 15,848 53,925 11,464 9,553 1,601
Recurring profit/ (loss) (HK$M) 5,824 2,549 (1,852) 88 (176)
Tax paid (HK$M) 1,635 735 42 43 14


Total revenue2 (HK$M)




Marine Services

Trading & Industrial

Recurring profit/ (loss) (HK$M)




Marine Services

Trading & Industrial

Tax paid (HK$M)




Marine Services

Trading & Industrial



Water withdrawal

Waste generated

1Swire Pacific holds less than half (45%) of the voting rights of Cathay Pacific. It is accounted for as an associated company and therefore excluded from this report (except under scope 3 emissions). Cathay Pacific produces its own standalone sustainable development report which is available on its corporate website.
2Includes associate companies not covered by this sustainable development report (e.g. Cathay Pacific and Hong Kong Aero Engine Services Limited (HAESL)).
3Revenue figures exclude the revenues of associate companies (e.g. Cathay Pacific and Hongkong United Dockyards).
4Total employees are those at 31st December 2021 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 48 employees directly employed by Swire Pacific (head office). Employee figures exclude Cathay Pacific group and HAESL.
5Following a review of our reporting boundary in 2021, emissions from the Cathay Pacific group have been reclassified under the Group’s scope 3 emissions and emissions from HAESL have been excluded.
6Total 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.
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