Swire Properties

Swire Properties, a real estate services company headquartered in Hong Kong, has reported significant carbon emissions across its operations. For the reporting year 2025, the company's total absolute emissions amounted to approximately 238,667,000 kg CO2e. This figure is comprised of about 8,594,000 kg CO2e for Scope 1 emissions, and approximately 102,498,000 kg CO2e for Scope 2 emissions (market-based). Scope 3 emissions were substantial, with purchased goods and services accounting for around 148,383,000 kg CO2e, and downstream leased assets contributing approximately 84,988,000 kg CO2e.

In 2024, Swire Properties reported total absolute emissions of approximately 346,614,000 kg CO2e, with Scope 1 at about 9,039,000 kg CO2e and Scope 2 (market-based) at approximately 129,596,000 kg CO2e. Scope 3 emissions in 2024 included downstream leased assets at approximately 106,501,000 kg CO2e and purchased goods and services at about 3,930,000 kg CO2e.

Swire Properties is committed to significant climate action, with an overarching goal of reaching net-zero emissions by 2050. The company has established approved 1.5°C-aligned science-based targets to support this ambition. Near-term, Swire Properties aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 25% by 2025, compared to a 2019 baseline. In 2023, the company reported achieving a 29% absolute Scope 1 and 2 carbon reduction against this baseline, surpassing its near-term target for that year. Further targets include a commitment to reduce Scope 3 GHG emissions from downstream leased assets by 28% per square meter by 2030, and Scope 3 emissions from capital goods by 25% per square meter by 2030, both against their respective baselines.

Additional 2030 targets include a 46% reduction in absolute Scope 1 and 2 emissions from the 2019 baseline. Swire Properties is also working towards reducing embodied Scope 3 GHG emissions of new buildings by 98.5% per square meter by 2050, and in-use operational GHG emissions of owned and leased buildings (including downstream leased assets) by 98.8% per square meter by 2050, both from a 2022 base year. The company has also committed to reducing all other absolute Scope 3 GHG emissions by 90% within this timeframe.