Introduction Our business SwireTHRIVE About our report Other ESG disclosures Appendices OvOveerrvivieeww Assessing materiality Stakeholder engagement ABOUT OUR REPORT Overview This is our 16th annual sustainable Engine Services Limited (HAESL), a joint Reporting frameworks development report. It was published venture between RollsRoyce plc (50%) This report complies with the in April 2023 and covers the 昀椀nancial and HAECO (50%) is also excluded, as Environmental, Social and Governance year from 1st January to 31st December shareholders have joint control. Cathay Reporting Guide in Appendix 27 to The 2022. We aim to provide an accurate Paci昀椀c and HAESL publish their own and balanced account of the Group’s sustainable development reports, which Rules Governing the Listing of Securities performance and progress in material can be accessed via their corporate on the Stock Exchange of Hong Kong areas of sustainability. websites. under Hong Kong Exchanges and Clearing Limited (HKEX). It has been prepared with reference to the Global Reporting This report focuses on the 昀椀ve areas of We have restated past data to exclude Initiative (GRI) Standards. GRI and HKEX SwireTHRIVE – Climate, Waste, Water, data relating to Cathay Paci昀椀c and content indices are provided. People and Communities – as these HAESL for comparative purposes. As are the Group’s strategic sustainability recommended in the GHG Protocol’s We refer to the Task Force on Climate- priorities. We also deal with matters which Corporate Value Chain (scope 3) are important to stakeholders, required Accounting & Reporting Standard, we have related Financial Disclosures (TCFD) and for compliance with regulations or which the GHG Protocol. included a proportion of Cathay Paci昀椀c’s rating agencies expect us to address (see carbon emissions under the Group’s scope Other ESG disclosures section). 3 (category 15) emissions given their Explore more This report deals with the Group as a materiality and their interest to readers of this report. The proportion is 45%, which whole. We also highlight information is the same as our percentage ordinary About Swire Paci昀椀c about individual subsidiaries. Some subsidiaries produce their own shareholding interest in Cathay Paci昀椀c. SwireTHRIVE sustainability reports. They can be found The report continues to cover subsidiaries Other ESG disclosures on our corporate website. The report is of Swire Paci昀椀c. Performance data (except in English and traditional Chinese. It can as indicated above in respect of Cathay Assessing materiality be viewed online or downloaded as a PDF Paci昀椀c’s carbon emissions) is reported on a Performance data from the report website. Performance 100% basis and has not been proportioned data can be downloaded as a CSV 昀椀le. to re昀氀ect Swire Paci昀椀c’s shareholdings GRI/HKEX Index This report has been approved by in subsidiaries. We do not include newly our Board. acquired entities until we have a full TCFD calendar year’s data from them. In 2022, Swire Paci昀椀c exited the marine Report boundary services industry. Performance data We exclude companies from our report for Swire Paci昀椀c O昀昀shore business is boundary which we do not control. The included in this report up to the date of sale. The scope, boundary and calculation principal e昀昀ect of this is to exclude Cathay methodology for speci昀椀c data points Paci昀椀c, which we do not control because it are disclosed in a separate reporting is an associate. Cathay Paci昀椀c has its own board of directors, who are responsible methodology document. for ESG related matters. Hong Kong Aero SWIRE PACIFIC — SUSTAINABLE DEVELOPMENT REPORT 2022 — 68