Overview

We have restated past data so as to exclude data relating to Cathay Pacific and HAESL for comparative purposes. As recommended in the GHG Protocol’s Corporate Value Chain (Scope 3) Accounting & Reporting Standard, we have included a proportion of Cathay Pacific’s carbon emissions under the Group’s scope 3 (category 15) emissions given their materiality and their interest to readers of this report. The proportion is 45%, which is the same as our percentage ordinary shareholding interest in Cathay Pacific.

The report continues to cover subsidiaries of Swire Pacific. Performance data (except as indicated above in respect of Cathay Pacific’s carbon emissions) is reported on a 100% basis and has not been proportioned to reflect Swire Pacific’s shareholdings in subsidiaries. We do not include newly acquired entities until we have a full calendar year’s data from them.

In 2022, Swire Pacific exited the marine services industry. Performance data for Swire Pacific Offshore business is included in this report up to the date of sale. The scope, boundary and calculation methodology for specific data points are disclosed in a separate reporting methodology document.

We refer to the Task Force on Climate-related Financial Disclosures (TCFD) and the GHG Protocol.

We respond to enquiries from investors and provide information to the CDP (Climate and Water), the DJSI, FTSE4Good, MSCI, Hang Seng Sustainability Indices and other organisations which assess the economic, environmental and social performance of companies.