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Swire Properties
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Swire Properties's score of 66 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Swire Properties's reported carbon emissions
In 2023, Swire Properties, headquartered in Hong Kong (HK), reported total greenhouse gas emissions of approximately 103,690,000 kg CO2e for Scope 1 and about 152,781,000 kg CO2e for Scope 2. The company also disclosed Scope 3 emissions amounting to approximately 257,874,000 kg CO2e, with significant contributions from downstream leased assets (about 133,695,000 kg CO2e) and purchased goods and services (approximately 69,605,000 kg CO2e). Swire Properties has set ambitious climate commitments, aiming to achieve net-zero emissions by 2050. The company has established science-based targets aligned with a 1.5°C pathway, which include a 25% reduction in absolute Scope 1 and 2 emissions by 2025, using 2019 as the baseline. Additionally, they aim for a 46% reduction by 2030. For Scope 3 emissions, the targets include a 25% reduction in emissions from capital goods per square metre by 2030, compared to a 2016-2018 baseline, and a 28% reduction in emissions from downstream leased assets per square metre by 2030, based on a 2018 baseline. In 2023, Swire Properties achieved a notable 29% reduction in absolute Scope 1 and 2 emissions compared to the 2019 baseline, demonstrating progress towards their near-term targets. The company’s initiatives are part of a broader commitment to sustainability and reducing carbon intensity across their operations, including a focus on embodied carbon in construction projects. This emissions data and climate commitments are cascaded from Swire Properties Limited, reflecting their corporate family relationship with Swire Pacific Limited, which also influences their sustainability strategies.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 00,000,000 |
| Scope 2 | - | - | - | - | 000,000,000 |
| Scope 3 | 354,367,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Swire Properties is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
