SWIRE PROPERTIES ANNUAL REPORT 2023 pipeline in Hong Kong. In 2023, in conjunction with our joint Youth empowerment is also a core focus of our community venture partners, we launched LA MONTAGNE, a new care, and we have been active in developing and luxury residential development at The Southside in Wong sponsoring various initiatives to provide opportunities Chuk Hang. for young people in Hong Kong. In South East Asia, we announced our first investment in As Hong Kong recovers in the wake of the pandemic, the residential market in Bangkok in early 2023, to develop we are working closely with the HKSAR Government and a prime site at one of the city’s most prestigious addresses. our partners to boost the local economy with special In addition to three projects currently under development community initiatives. In 2023, these included the in Ho Chi Minh City, Vietnam and in Jakarta, Indonesia, we Summer Festival at the new Quarryside community space, are exploring new residential opportunities in Singapore. as well as our annual White Christmas Street Fair, which was extended over two weekends with longer opening Leadership in ESG & hours for the public. We hope these efforts will continue to Community Investment provide a platform for homegrown businesses whilst supporting the city’s economic recovery. ESG and sustainable development remain at the top of our agenda, and we are collaborating closely with our Outlook stakeholders and setting ambitious targets across the business. We have received international recognition for We are encouraged by the post-pandemic recovery that we our achievements, and we continue to explore new are seeing across the majority of our key markets. Whilst solutions to improve our business and to support the there are challenges ahead, we remain optimistic and see wider industry. potential for sustainable growth in 2024 and beyond. In 2023, we became the first Hong Kong corporate to issue We will continue to focus on realising our HK$100 billion a public “dim sum” green bond of RMB3.2 billion to fund investment plan and on delivering our pipeline of mixed- eligible projects. The proceeds from these bonds will use and residential projects across our core markets in enable us to develop projects with the highest green Hong Kong, the Chinese Mainland and South East Asia. credentials, and in the long term, pave the way for Swire We see long-term potential for these markets, and we Properties to pioneer new ground in sustainability. will continue to seek new investment opportunities in Over the past year, we have also piloted the adoption of an the future. internal carbon pricing (“ICP”) mechanism. This innovative I should like to express my appreciation to our approach will help determine the potential impact of shareholders, our valued partners and to the wider carbon emissions from our investments and quantify community for your continued support. Most of all, carbon risks to our operations, allowing us to reallocate thanks must go to the team at Swire Properties for their capital to low-carbon investments. exceptional work and dedication this past year. We remain fully invested in working with local communities. Our colleagues, their friends and families are at the heart of Guy Bradley Swire Properties’ Community Ambassador Programme, and Chairman they continue to demonstrate commitment and passion for Hong Kong, 14th March 2024 giving back to our communities. 19