Swire Properties

Swire Properties, headquartered in Hong Kong and operating in real estate services, reported its 2025 Scope 1 emissions as approximately 8.59 million kg CO2e, Scope 2 (market-based) emissions as approximately 102.50 million kg CO2e, and various Scope 3 emissions. The largest contributors to its 2025 Scope 3 emissions were purchased goods and services, at approximately 148.38 million kg CO2e, and waste generated in operations, at approximately 32.01 million kg CO2e.

Looking back, in 2024, the company's Scope 1 emissions were around 9.04 million kg CO2e, and Scope 2 (location-based) emissions were about 177.58 million kg CO2e. Key Scope 3 categories included purchased goods and services (approximately 93.93 million kg CO2e) and waste generated in operations (approximately 29.80 million kg CO2e).

Swire Properties is committed to ambitious climate action, with Science Based Targets initiative (SBTi) approved targets. It aims to achieve net-zero greenhouse gas emissions across its value chain by 2050. Near-term, the company commits to 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.

Further near-term commitments include reducing 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. The company also aims to reduce Scope 3 GHG emissions from fuel and energy-related activities by 35% by 2034 from a 2022 base year, and from the use of sold products by 63.8% per square metre of sold buildings within the same timeframe.

Long-term, by 2050, Swire Properties commits to reducing Scope 1, 2, and 3 in-use operational GHG emissions of owned and leased buildings (covering downstream leased assets) by 98.8% per square metre from a 2022 base year. It also targets a 98.5% reduction per square metre in upfront embodied Scope 3 GHG emissions of new buildings (covering capital goods) within the same timeframe, and a 90% reduction in all other absolute Scope 3 GHG emissions. Additionally, Swire Properties pledges to install no new fossil fuel equipment owned or financially controlled by the company in its building portfolios from 1 January 2030.