Chairman’s Statement Leadership in Sustainable Conclusion Development As we plan ahead for the next decade of growth, it is As a responsible developer, we are increasingly looking to increasingly important that we accelerate our leadership demonstrate leadership in sustainability. This year, we in ESG and the digital transformation of our business. will pilot the adoption of internal carbon pricing to The world is changing at a rapid pace, and as new trends determine the potential impact of carbon emissions from emerge across our key markets, we need to remain agile our investments, and quantify carbon risks to our and ready to respond to this evolving landscape. business operations. This will take the form of an internal Looking ahead to the next six months, we expect to see carbon fee, which links each unit of carbon emissions to a continued recovery trends. The reopening of Hong Kong fixed cost, allowing us to reallocate capital towards and the border with the Chinese Mainland has marked a low-carbon investments. significant turning point in the region’s post-pandemic We are also the only company from Hong Kong and the recovery, and we are determined to play our part in Chinese Mainland to actively participate in the Taskforce helping to raise Hong Kong’s profile and competitiveness on Nature-related Financial Disclosures (TNFD). as a global financial centre and travel and tourism This global taskforce is developing a corporate risk destination. management and disclosure framework to help I should like to thank our shareholders, our partners and businesses identify and mitigate nature-related impacts the wider community for your continued support and and opportunities. We believe TNFD’s new draft engagement. My appreciation must also go to our framework is a pioneering tool to help address the employees for their creativity, hard work and dedication. challenges of global biodiversity loss, and we are pleased to play a role in spearheading this important new global initiative. Aside from our environmental initiatives, we remain committed to community care. We continue to focus on fostering arts and culture and youth development, and our staff volunteer programme – the Community Guy Bradley Ambassadors – are the pride of Swire Properties, with Chairman over 20 years of supporting our placemaking efforts and Hong Kong, 10th August 2023 caring for our communities. We will continue to leverage our experience and expertise to contribute positively to our local neighbourhoods. 12 Swire Properties Limited Interim Report 2023