MENU PLACES PEOPLE PARTNERS PERFORMANCE PERFORMANCE (ENVIRONMENT) (ECONOMIC) New Ventures Working closely with technology companies, investors, accelerators and start-ups, Swire Properties’ New Ventures is a specialised department that identifies emerging trends and accelerates the adoption of best-in-class emerging technologies at scale for the Company. New Ventures does this in two ways – by identifying and trialling technologies that can help grow our businesses, and by actively investing in companies. This allows Swire Properties to flexibly adapt its strategy in light of emerging technology trends. In addition to managing a USD50 million venture fund to invest in Series A to Series C technology start-ups globally, New Ventures also manages a Tech Experimentation Fund that sponsors tech trials across the Company to accelerate innovation internally. 2022 saw New Ventures continue to source, trial and scale best practice technologies to drive strategic business impacts. Some examples include: • Robotics software technology that enables sophisticated architectural design to be executed with precision and speed; • A construction site capture tool and project management platform that reduces the risk of time and cost overruns; and • Frontline optimisation software to improve our retail operations and the customer experience. We also expanded our innovation partnership with Hong Kong Science and Technology Parks Corporation (“HKSTP”). Over the course of three years, HKSTP will introduce technology companies and smart solutions to Swire Properties for trial and adoption, make investment referrals, and explore potential investment collaborations in emerging technology start-ups. The department has been recognised as one of the most innovative organisations by 36Kr, a prominent Chinese Mainland-based media platform and thought leader on technology and innovation. New Ventures will continue to actively explore and adopt exciting technologies that will enhance and innovate Swire Properties’ business. The Next Generation Committee As part of our 50th anniversary celebrations, we launched the Swire Properties Next Generation Committee (“NextCom”), assembled to empower and learn from the Company’s many talented young people upon whom the future success of our business relies. NextCom is an in-house programme designed to give future leaders a platform to share their ideas and create meaningful change within the Company. Inaugurated in November 2022, NextCom is made up of 12 young people from different departments, regions and backgrounds who will form a diverse advisory team that will work closely with the Executive Committee. NextCom will provide key insights on business, strategy and community issues, gather and share opinions from young and junior colleagues, and drive action on topics that create significant business impacts. SUSTAINABLE DEVELOPMENT REPORT 2022 26