Reporting Boundary
GRI 2-2, 2-3, 2-6
HKEX Mandatory Disclosure Requirement
HKEX Mandatory Disclosure Requirement
Reporting Boundary
GRI 2-2, 2-3, 2-6
HKEX Mandatory Disclosure Requirement
HKEX Mandatory Disclosure Requirement
For the purposes of this report, our operating portfolio in Hong Kong comprises primarily Grade A office, retail, hotel56 and residential properties located throughout our portfolio. These include Citygate, Cityplaza, Pacific Place and Taikoo Place. Our Chinese Mainland portfolio comprises major commercial mixed-use developments in prime locations in Beijing, Chengdu, Guangzhou and Shanghai. Also within the reporting boundary is Brickell City Centre in Miami, U.S.A., up until its disposal. Please refer to the summary table.
Our approach to sustainability reporting reflects the scale of our operations, the complexity of our business and the significance of our various economic, environmental and social impacts.
In the Performance (Economic) Pillar, the scope of disclosures aligns with the Company’s financial reporting. We have extracted selected corporate governance and financial performance information from the Swire Properties Annual Report 2025 to help us illustrate our progress on relevant focus areas of our SD 2030 Strategy. More information is available in the Swire Properties Annual Report 2025.
The Places, People, Partners, and Performance (Environment) Pillars cover our management approaches to priority topics arising from our businesses, joint ventures and subsidiaries in property investment, property trading and hotel investment. The scope of disclosures in these sections reflects the boundaries of our operational control.
SD Data Reporting Boundary
Unless stated otherwise, for the purposes of disclosing quantitative data on our SD performance, we collect and report KPIs on a 100% basis for our Hong Kong, Chinese Mainland and U.S.A. portfolios, as well as our hotel operations. Notes accompanying our Performance Data Summary provide additional information about the calculation basis for specific KPIs.
Our Performance (Environment) Pillar includes performance data for portfolios where Swire Properties has the full authority to introduce and implement its operating policies at the operational level. The reporting boundary of some KPIs, for example Scope 3 emissions, waste diversion and material procurement, includes investment and trading properties that are under development.
Under the People Pillar, performance data includes portfolios where Swire Properties has full influence over the employee employment contract. We also include contractor-related health and safety data for new development projects under direct employment by the Company.
For the Partners Pillar, sustainable procurement covers all investment properties.
In the Performance (Economic) Pillar, the scope of disclosures aligns with the Company’s financial reporting.
It is our practice not to report environmental KPIs for new developments until operational performance data is available for at least one full calendar year after each development has been opened and reached a significant level of occupancy. When compared to our Sustainability Report 2024, the KPI reporting boundary of this report has been expanded to include Six Pacific Place, Té Bo, Palate, Domain at Two Taikoo Place, and exclude Mr & Mrs Fox and Brickell City Centre in Miami after the last full month of operation. The reporting boundary for KPIs excludes completed developments for sale.
2025 SD Data Assurance Boundaries
The table below shows Swire Properties’ Hong Kong, Chinese Mainland and U.S.A portfolios, as well as our hotel operations which have provided sustainable development data with which PricewaterhouseCoopers (“PwC”) has performed a limited assurance engagement.
Hong Kong Portfolio57
- Pacific Place (Six office towers, shopping mall and STAR STUDIOS, including Six Pacific Place)
- Cityplaza (shopping mall)
- Taikoo Place (10 office towers, including Two Taikoo Place)
- Citygate (office and outlets including extension)
- Other offices and shopping malls (South Island Place and Island Place)
Chinese Mainland Portfolio57
- Taikoo Hui, Guangzhou
- Hui Fang, Guangzhou
- Taikoo Li Sanlitun, Beijing
- INDIGO, Beijing
- Taikoo Li Chengdu
- HKRI Taikoo Hui, Shanghai
- Taikoo Li Qiantan, Shanghai
- ZHANGYUAN58
U.S.A. Portfolio57
- Brickell City Centre, Miami59
Hotels57
- Swire Hotels (Upper House Hong Kong, EAST Hong Kong, EAST Beijing, Upper House Chengdu, Upper House Shanghai and EAST Miami60)
- Serviced Apartments (PACIFIC PLACE APARTMENTS and EAST Apartments)
- Restaurants (Mr & Mrs Fox61, Tong Chong Kitchen, The Continental, Domain62, Té Bo63 and PALATE64)
External Assurance
GRI 2-5
We obtain external independent assurance for the content of our Sustainability Reports. PricewaterhouseCoopers was engaged to provide limited assurance on selected sustainability information contained in this report in accordance with the International Standard on Assurance Engagements 3000 (Revised) Assurance Engagements Other Than Audits or Reviews of Historical Financial Information and, with respect to greenhouse gas emissions, the International Standard on Assurance Engagements 3410 Assurance Engagements on Greenhouse Gas Statements (“ISAE 3410”). The scope of work carried out by PWC is set out in their assurance report.
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