Swire Properties

Swire Properties, headquartered in Hong Kong and operating in real estate services, is committed to reducing its carbon emissions.

In 2025, Swire Properties's reported emissions included Scope 1 at 8,594,000 kg CO2e, Scope 2 (market-based) at 102,498,000 kg CO2e, and various Scope 3 categories: business travel at 3,907,000 kg CO2e, employee commute at 833,000 kg CO2e, use of sold products at 3,387,000 kg CO2e, purchased goods and services at 148,383,000 kg CO2e, waste generated in operations at 32,011,000 kg CO2e, fuel and energy-related activities at 3,151,000 kg CO2e, and upstream transportation and distribution at 316,000 kg CO2e.

Looking back, in 2024, the company reported Scope 1 emissions of 9,039,000 kg CO2e and Scope 2 (location-based) emissions of 177,576,000 kg CO2e. Key Scope 3 categories included capital goods at 19,601,000 kg CO2e, business travel at 6,441,000 kg CO2e, employee commute at 12,750,000 kg CO2e, purchased goods and services at 93,930,000 kg CO2e, waste generated in operations at 29,800,000 kg CO2e, fuel and energy-related activities at 5,765,000 kg CO2e, and upstream transportation and distribution at 6,040,000 kg CO2e.

For 2023, Swire Properties's Scope 1 emissions were 10,369,000 kg CO2e, and Scope 2 (location-based) emissions were 182,773,000 kg CO2e. Scope 3 emissions included business travel at 7,476,000 kg CO2e, employee commute at 12,750,000 kg CO2e, purchased goods and services at 69,605,000 kg CO2e, waste generated in operations at 21,991,000 kg CO2e, fuel and energy-related activities at 5,763,000 kg CO2e, and upstream transportation and distribution at 6,141,000 kg CO2e.

Swire Properties has set several ambitious climate commitments, with Science Based Targets initiative (SBTi) approved targets. The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050. Near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 25% by 2025 and 46% by 2030, both from a 2019 base year. Additionally, they commit to 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 all other absolute Scope 3 GHG emissions by 90% by 2050 (from a 2022 base year). Furthermore, Swire Properties plans to install no new fossil fuel equipment in its building portfolios from 1 January 2030.