MENU PLACES PEOPLE PARTNERS PERFORMANCE PERFORMANCE (ENVIRONMENT) (ECONOMIC) Carbon Emissions - Scope 3 Emissions Inventory and Reporting Methodology Scope 3 category Description Applicability Methodology(1) / Justification for exclusion Source of activity data Source of emission factor 2022 2021 2020 2019 2018 (Tonnes of CO e) (Tonnes of CO e) (Tonnes of CO e) (Tonnes of CO e) (Tonnes of CO e) 2 2 2 2 2 The primary data of the key inputs identified are For 2022 Data: For 2022 Data: multiplied by the appropriate emission factors to calculate (i) Primary procurement spend • “Supply Chain GHG Emission Factors for US emissions in this category. data from Swire Properties Commodities and Industries” published by United (ii) Primary water - municipal data States Environmental Protection Agency Upstream emissions from Emissions in this category are calculated using from Swire Properties • Hong Kong Water Supplies Department (WSD) Annual extraction, production and (i) spend-based method for carbon emissions from Report transportation processes procurement spend (except for trading properties); For 2018 - 2021 Data: • Hong Kong Drainage Services Department (DSD) associated with Swire Properties’ (ii) supplier-specific method for carbon emissions due to • Primary procurement spend Sustainability Report purchased goods and services electricity used for processing fresh water and sewage by data from Swire Properties government departments. For 2018 - 2021 Data: Purchased goods and • Country-specific factors from Comprehensive 1 services Yes Environmental Data Archive (CEDA) U.S. version 5 97,752 131,214 90,124 113,849 75,229 New Trading Properties: For 2022 Data: Refer to emission factors listed in Scope 3 Category 2 Emissions in this category are calculated using (i) Primary consumption data capital goods (for new development projects) Upfront embodied carbon (i) supplier-specific method for residential buildings in of construction materials and emissions of new trading Hong Kong; construction activities in the properties (e.g. residential (ii) average-data method for residential buildings development of residential (2) buildings) developed by Swire overseas. buildings Properties (ii) Gross floor area (GFA) of (3) residential buildings overseas New Investment Properties: New Investment Properties: New Investment Properties: With technical support from a research team at the Hong Primary consumption data of • Swire Properties and HKUST jointly published Kong University of Science and Technology (HKUST)’s construction materials and academic paper at the 8th International Conference Department of Civil and Environmental Engineering, construction activities from main on Innovative Production and Construction (4) Swire Properties has developed a carbon accounting contractor • CIC Green Product Certification in Hong Kong tool to calculate the cradle-to-site carbon footprint for • Institution of Civil Engineers (ICE) Database new development projects. For reporting purpose, the • Sustainability reports of the local utility companies (for emissions are allocated to the year of project completion. electricity and town gas in Hong Kong) • “Guidelines to Account for and Report on Greenhouse Upfront embodied carbon Gas Emissions and Removals for Buildings 2 Capital goods emissions of new investment Yes (Commercial, Residential or Institutional Purposes) in 76,783 N/A N/A N/A 174,214 properties developed by Swire Hong Kong” published by the EPD and EMSD Properties. Existing Portfolio: Existing Portfolio: Existing Portfolio: Embodied carbon from refurbishment and replacement Primary procurement spend data • For 2022 Data: “Supply Chain GHG Emission Factors for of existing portfolios are reported under category 1 from Swire Properties US Commodities and Industries” published by United purchased goods and services. States Environmental Protection Agency • For 2018 - 2021 Data: Country-specific factors from Comprehensive Environmental Data Archive (CEDA) U.S. version 5 Third party provided emission factors are applied to the Primary energy data from • Country-specific GHG emission factors from electricity Emissions related to (i) primary data on amounts of electricity, gasoline, diesel, properties managed by Swire by the International Energy Agency (IEA) extraction, production, natural gas, and other fuels used by Swire Properties Properties • Country-specific GHG emission factors from Ecoinvent transportation of fuels and or supplied to end users to calculate emissions in this version 3 Fuel- and energy- energy purchased by Swire category. • Country-specific GHG emission factors from related activities (not Properties, not already Comprehensive Environmental Data Archive (CEDA) 3 included in scope 1 or Yes U.S. version 5 5,729(5) 2,117 2,063 1,922 2,038 accounted for in scope 1 or scope • Country-specific energy and fuel price data scope 2) 2 and (ii) electricity supplied to end users for electric vehicle • Country-specific transmission and distribution losses charging in Hong Kong and from the World Bank database library Chinese Mainland portfolios • Sustainability reports of the local utility companies (for electricity in Hong Kong) - for 2022 data only Upstream Emissions from transportation The primary data related to transportation and 4 transportation and and distribution of goods and Yes distribution of good and services are multiplied by the Primary data from Swire Factors from Comprehensive Environmental Data Archive 5,788 6,652 5,571 5,953 6,161 distribution services purchased by Swire appropriate CEDA factors to calculate emissions in this Properties (CEDA) U.S. version 5 Properties category. 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