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Swire Properties, established in 1972 and headquartered in Hong Kong, is a leading real estate developer known for its mixed-use developments. It specialises in the development and management of commercial, hotel, residential and retail properties. Swire Properties has a diverse portfolio that spans across China, Hong Kong, Southeast Asia and the US, including eight megacities. In 2022, the company completed properties totalling 3.4 million square meters of gross floor area (GFA) in Hong Kong and 1.9 million square meters of GFA in China.
Summary
Swire Properties reports transparently on numerous sustainability topics. However, there is clear potential for the company to strengthen its performance in many areas. The company discloses its materiality assessment to identify its material topics and set measurable targets covering its most significant impacts. However, it should assign responsibility to its highest governance body to oversee the implementation of its sustainability strategy. Swire Properties can also increase transparency regarding its stakeholder engagement by disclosing the frequency of interactions with each stakeholder group and providing clarity on stakeholders’ concerns and how they are addressed. Additionally, the company should disclose its process for identifying and mitigating salient human rights risks to strengthen its overall commitment to human rights.
From an environmental standpoint, Swire Properties regularly reports its water consumption. However, the company should ensure consistent annual reductions in water consumption across its operations. Additionally, while the company has set time-bound targets to reduce greenhouse gas emissions, it should strengthen its climate action by setting long-term emissions targets aligned with the 1.5°C pathway and validated by the Science Based Targets initiative (SBTi).
Ranking position
#49
/300
Total score
22.7
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
8.3
/100
Rank (0-300)
#128
Measurement area
Inclusive Cities
Score
# 1
30.0
/100
Rank (0-300)
#64
Measurement area
Healthy Cities
Score
# 1
18.1
/100
Rank (0-300)
#32
Measurement area
Climate Proof & Resilient Cities
Score
# 1
26.7
/100
Rank (0-300)
#22
Measurement area
Core Social Indicators
Score
# 1
30.6
/100
Rank (0-300)
#50
Industries
Industries
Real estate
#15
More about the company
Headquarters
Hong Kong
Ownership structure
Public
Revenue
USD 1,766 billion (2022)
Number of employees
6407 (2022)
Website
https://www.swireproperties.com/en/
63716
