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Swire Properties is celebrating its latest, significant sustainability milestone, as the Company advances to the number two position in the Dow Jones Sustainability Index (DJSI) - Real Estate Management and Development industry. The Company ranked fourth place globally in the Real Estate Industry of DJSI in 2022.
From over 260 companies from around the world who were assessed in the category, Swire Properties ranked No. 1 globally in the Environmental Dimension score and fifth in the Governance & Economic Dimension score for its exceptional environment, social and corporate governance (ESG) performance.
Swire Properties has been a DJSI World constituent company for seven years in a row and is the only Hong Kong constituent company listed in DJSI World in the Real Estate Management and Development industry.
“We’re extremely proud of our achievements in the DJSI 2023. The No. 2 ranking confirms that all our efforts to integrate sustainability into every facet of our business are making a difference. With this milestone achievement, we are a few steps closer to realising our Sustainable Development (SD) 2030 vision, to become a global sustainability leader in our industry,” said Tim Blackburn, Chief Executive of Swire Properties.
“Our sustainability achievements wouldn’t be possible without the dedication of all our colleagues who champion the cause. We are grateful for the close collaboration we enjoy with our tenants, partners and suppliers collectively to improve our ESG performance. Moving forward, we’ll continue to expand our capabilities, to innovate and experiment, and to pioneer new ground in the sustainability space. We are excited to see that sustainability has become a key focus for many organisations and we look forward to working closely with all our stakeholders to create vibrant and sustainable communities.”
Significant SD Achievements
The Company’s sustainability work has produced a host of technological advancements and game-changing initiatives that have set new standards for the industry, and beyond. These include: the 15-year partnership with Tsinghua University to spearhead research on state-of-the-art energy efficiency solutions for buildings; and tenant-engagement programmes such as the Green Performance Pledge and Green Kitchen Initiative that harness the collective power of tenant-landlord collaborations to drive positive ESG impact.
In terms of decarbonisation, Swire Properties has also kicked off an Internal Carbon Pricing (ICP) pilot as a strategic planning tool – linking each unit of carbon emissions to a fixed cost. This effectively incentivises low-carbon operations and decision-making through better accountability of the Company’s carbon emissions, which facilitates the transition to a low-carbon economy. To support its science-based targets, the Company has created a dedicated fund from the ICP mechanism to invest in decarbonisation projects.
Swire Properties is also taking the lead in an emerging area of sustainability – nature and biodiversity; and is a member of the Taskforce on Nature-related Financial Disclosures (TNFD). The Company actively participated in the formulation of the TNFD’s framework and will publish its nature-related impacts, dependencies, risks and opportunities in its Sustainable Development Report 2023, in line with the TNFD.
Leading Positions – Global & Local SD Indices
Swire Properties’ sustainability achievements continue to be recognised at both the international and local levels this year. Aside from the DJSI, the Company was named Global Sector Leader (Mixed Use Sector) for the seventh consecutive year in the Global Real Estate Sustainability Benchmark (GRESB)and retained its Global Development Sector Leader (Mixed Use Sector) title for the fourth year in a row.
Locally, the Company ranked No. 1 for the sixth year in a row in the Hang Seng Corporate Sustainability Index (HSSUS), obtaining the highest score among all assessed Hong Kong-listed companies, and maintained the highest “AAA” rating which was only awarded to two companies in 2023.
About Swire Properties
Swire Properties develops and manages commercial, retail, hotel, and residential properties, with a particular focus on mixed-use developments in prime locations at major mass transportation intersections. Swire Properties is listed on the Main Board of the Stock Exchange of Hong Kong and its investment portfolio in Hong Kong comprises Taikoo Place, Pacific Place, Cityplaza, Citygate Outlets. The Company’s completed portfolio in Hong Kong comprises approximately 16.6 million sq ft (approximately 1.54 million sqm) of space.
In the Chinese Mainland, Swire Properties has six completed mixed-use developments in Beijing, Shanghai, Guangzhou and Chengdu. They include Taikoo Li Sanlitun and INDIGO in Beijing, HKRI Taikoo Hui and Taikoo Li Qiantan in Shanghai, Taikoo Hui Guangzhou and Taikoo Li Chengdu. INDIGO II in Beijing, Taikoo Li Xi'an, two new mixed-use projects in Shanghai and a new retail-led project in Sanya are currently under development. The Company’s completed portfolio in the Chinese Mainland comprises approximately 14.1 million sq ft (approximately 1.31 million sqm) of space.
In addition to Hong Kong and the Chinese Mainland, the Company has investments in the United States, Indonesia, Vietnam and Thailand.
Visit Swire Properties’ website at www.swireproperties.com