Swire Properties Limited, a prominent player in the real estate industry, is headquartered in Hong Kong (HK) and has established a significant presence in mainland China and the United Kingdom. Founded in 1972, the company has achieved notable milestones, including the development of iconic mixed-use projects that blend residential, commercial, and retail spaces. Specialising in premium property development and investment, Swire Properties is recognised for its commitment to sustainability and innovative design. Its core offerings include luxury residential developments, high-end office spaces, and vibrant retail environments, all distinguished by their architectural excellence and strategic locations. With a strong market position, Swire Properties has garnered numerous awards for its projects, reflecting its dedication to quality and community enhancement. The company continues to shape urban landscapes, making it a leader in the competitive real estate sector.
How does Swire Properties's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Swire Properties's score of 75 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Swire Properties Limited reported total carbon emissions of approximately 329,463,000 kg CO2e, comprising 9,039,000 kg CO2e from Scope 1, 129,596,000 kg CO2e from Scope 2, and 190,828,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its carbon footprint, aiming for a 25% reduction in absolute Scope 1 and 2 emissions by 2025, using a 2019 baseline. Additionally, it has committed to achieving net-zero emissions by 2050, with science-based targets aligned with a 1.5°C pathway. In 2023, Swire Properties achieved a 29% reduction in absolute Scope 1 and 2 emissions compared to the 2019 baseline, demonstrating significant progress towards its near-term goals. The company also aims to reduce Scope 3 emissions from capital goods by 25% per square metre by 2030, compared to a 2016-2018 baseline, and has set a target to reduce emissions from downstream leased assets by 28% per square metre by 2030. Swire Properties operates under the umbrella of Swire Pacific Limited, which influences its sustainability initiatives. The emissions data and reduction targets are cascaded from Swire Properties Limited, reflecting its commitment to environmental stewardship and climate action within the real estate sector.
Access structured emissions data, company-specific emission factors, and source documents
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 943,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | - | - | - | - | 0,000,000 |
| Scope 2 | 146,731,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - | - | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Swire Properties's Scope 3 emissions, which decreased by 26% last year and decreased by approximately 46% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 58% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 56% of Scope 3 emissions.
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Swire Properties has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Common questions about Swire Properties's sustainability data and climate commitments