Sustainability | Swire Pacific Limited

While every Swire Pacific business unit addresses its own sustainability issues, the principles governing the way in which this is done are formulated at Group level. Through its Sustainable Development Office, Swire Pacific sets policy and monitors its implementation by individual business units. The Sustainable Development Office also assists business units with planning, risk management and with the measurement of results. Policy is set in light of global sustainability trends and after consideration of the risks and opportunities for the Group as a whole.

A three-line of defence risk governance model has been established.
1. The Group Risk Management Committee (“GRMC”) is supported by four risk forums and a separate Swire Pacific Risk Management Committee, which identifies risks that have a Group dimension.
2. The Environmental, Social and Governance Risk Forum provides updates to the GRMC and the Audit Committee.
3. Group level strategic committees address key sustainability issues, such as Human Resources, Health & Safety, Data & Technology, and the Environment. A Group level Diversity and Inclusion Steering Committee is also in place.

Through the Enterprise Risk Management system, Swire Pacific identifies the principal risks that need to be managed. The Group engages with its business partners and other third parties, and benchmarks its sustainability performance against its industry peers. The Group also regularly reviews its own performance and reports annually to investors and stakeholders.