Swire Properties

Swire Properties, headquartered in Hong Kong, is a real estate services company. In 2025, Swire Properties' total reported emissions are approximately 388,438,000 kg CO2e, with Scope 1 emissions at 8,594,000 kg CO2e, Scope 2 market-based emissions at 102,498,000 kg CO2e, and various Scope 3 emissions including purchased goods and services (148,383,000 kg CO2e), downstream leased assets (84,988,000 kg CO2e), and waste generated in operations (32,011,000 kg CO2e).

The company has set several ambitious climate commitments, with Science Based Targets initiative (SBTi) approved goals. Swire Properties commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 25% by 2025 from a 2019 base year, and by 46% by 2030 from the same base year. Additionally, Swire Properties aims to reduce Scope 3 GHG emissions from downstream leased assets by 28% per square metre by 2030 from a 2018 base year, and Scope 3 GHG emissions from capital goods by 25% per square metre by 2030 from a 2016-2018 base year. More recent SBTi commitments from 2026 show a pledge to reduce Scope 1, 2, and 3 in-use operational GHG emissions of owned and leased buildings by 75.7% per m² by 2034 from a 2022 base year. The company also commits to reducing upfront embodied Scope 3 GHG emissions of new buildings (capital goods) by 69.5% per m² within the same timeframe, and absolute Scope 3 GHG emissions from fuel and energy-related activities by 35% by 2034. Long-term targets aim for a 98.8% reduction in Scope 1, 2, and 3 in-use operational GHG emissions of owned and leased buildings per m² by 2050 from a 2022 base year, and a 98.5% reduction in upfront embodied Scope 3 GHG emissions of new buildings per m² by 2050.

In 2023, Swire Properties achieved a 29% absolute Scope 1 and 2 carbon reduction compared to its 2019 baseline. Notably, the company is also committed to installing no new fossil fuel equipment in its building portfolios from 1 January 2030. Swire Properties Limited's SBTi targets are sourced directly from the organization.