Introduction Our business SwireTHRIVE About our report Other ESG disclosures Appendices Overview Governance Supply chain Talent management Customers BBiioodidivveerrsisittyy Our actions Swire Properties has conducted assessments at all its existing properties and projects under development to determine the status of biodiversity, and its importance to the places that it develops, and to the surrounding natural environment. None of its existing properties contain, or are located adjacent to, areas of globally or nationally important biodiversity. It has guidelines to The Carbon Reduction Alliance Programme has bene昀椀ts for local communities and nature. integrate biodiversity considerations into new developments and targets a minimum Case study 20% site coverage of greenery. Swire Coca-Cola – Collective action on biodiversity and climate It enacted several transformational action in the Wild Elephant Valley, China strategies to reach its 2030 SBTs, including adopting nature-based solutions that Swire Coca-Cola’s Carbon Reduction The project aims to reduce human- capture carbon emissions, bene昀椀t local Alliance Programme in the Wild elephant encounters and incorporate communities and improve biodiversity. Elephant Valley of Yunnan Province sustainability into the local agricultural An urban biodiversity study was carried involves collaborating with value chain industry through reforestation and out in partnership with a professor partners to reduce carbon emissions the introduction of beekeeping. Over at the University of Hong Kong for its and create an eco-friendly community 230 acres of agricultural land has been Taikoo Place redevelopment project. where biodiversity can be sustained. cultivated with eco-friendly planting Results have emphasised the importance It is hoped the project will become a and 300 bee colonies have been of protecting local species and green development role model for low- established. corridors that support the movement carbon communities. of birds and butter昀氀ies between parks. These suggestions will be integrated into future planning and operations across Swire Properties’ Hong Kong Case study portfolio. They will also inform the uses Paraguay Forest Conservation Project of the Biodiversity Guidelines to de昀椀ne the importance of, and the company’s approach to, protecting biodiversity The Chaco-Pantanal and San 4,750-hectare parcel of land in the across its developments. Rafael regions in Paraguay are rich Chaco-Pantanal region from the in biodiversity and o昀昀er critical high risk of being cleared for cattle In 2022, Swire Properties’ Deputy Head livelihoods to local communities. ranching and provides 昀椀nancial of Sustainable Development joined the These biodiverse landscapes and their incentive to individual landowners Taskforce on Nature-related Financial resources are threatened by climate in San Rafael to leave their land as Disclosures (TNFD) as a member, providing change and activities such as intensive untouched high conservation value inputs to the Taskforce to develop the agriculture. forest. As a result, areas identi昀椀ed as framework. It also partnered with the refuges for endangered or vulnerable World Business Council for Sustainable In 2022, Swire Paci昀椀c took ownership species, will be safeguarded. of a REDD+ project previously Development (WBCSD) to pilot the TNFD beta framework. established by Swire Paci昀椀c O昀昀shore. The project aligns with our The Paraguay Forest Conservation objectives to prioritise nature-based Swire Coca-Cola returns a litre of clean Project protects the forests in a environmental solutions. It generates water to natural water systems for every third party veri昀椀ed carbon o昀昀set litre of water used in its beverages. It credits that are dual accredited collaborates with The Coca-Cola Company under the Climate, Community, and on community and watershed protection Biodiversity Standard (CCB). Read projects to replenish water in the Chinese more in the Climate section. Mainland and the US. It has been investing in optimising the water use e昀케ciency of its facilities, all of which meet the water quality requirements of TCCC and the World Health Organisation. SWIRE PACIFIC — SUSTAINABLE DEVELOPMENT REPORT 2022 — 86