GlobalData offers a comprehensive analysis of Swire Pacific, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Swire Pacific‘s ESG performance. GlobalData’s company profile on Swire Pacific offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Swire Pacific, a Hong Kong-based conglomerate, has set ambitious has set target for net zero by 2050 as part of its sustainability efforts. The company is actively working towards reducing its carbon emissions. The company is striving to achieve a 25% reduction in absolute scope 1 and 2 greenhouse gas (GHG) emissions by 2025, in comparison to the 2019 baseline. Additionally, by 2030, the company aims to achieve a 30% reduction in carbon emissions across its value chain (scope 1, 2, and 3) compared to the 2018 baseline. In 2022, Swire Properties successfully reduced scope 1 and 2 emissions by 28% compared to its 2019 baseline. The company reported a total of 569,000 tons of CO2e emissions in (scope 1 and 2)- market-based, 7,381,000 tons of CO2e emissions in scope 3.
To reduce its emissions, Swire Pacific has taken several steps. The company has implemented waste diversion measures to reduce the proportion of waste generated in its operations that goes to landfills or incineration without energy recovery. Additionally, Swire Pacific is investing in renewable electricity use to lower its carbon footprint. The company is also actively involved in external initiatives and memberships related to sustainability, such as the Hong Kong Green Building Council's Advancing Net Zero program.
Swire Pacific places significant importance on emissions reduction and has set clear targets in this regard. The company is strongly committed to taking decisive actions to meet these targets, having implemented measures to enhance data collection and reporting practices. Their dedication extends to achieving net-zero objectives and reducing carbon emissions, with a particular focus on addressing scope 1, scope 2, and scope 3 emissions. Additionally, Swire Pacific actively invests in renewable energy sources and actively engages in external initiatives, demonstrating its steadfast commitment to sustainability and environmental stewardship.
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