Introduction Our business SwireTHRIVE About our report Other ESG disclosures Appendices Overview Our approach ESG risk management TCTCFFDD Disclose scope 1, scope 2, and, if • Swire Properties and Swire Coca-Cola appropriate, scope 3 GHG emissions, have signed up to Business Ambition and the related risks. for 1.5°C. • We measure and report our energy • We encourage the use of renewable consumption and the scope 1, 2 and energy. Our Beverages Division have some scope 3 carbon emissions from committed by 2026 to have transitioned our operations in accordance with the to electricity derived from 100% listing rules of The Stock Exchange of renewable energy for core operations. Hong Kong Limited and in line with the Renewable electricity accounted for GHG Protocol. 16.8% of the Group’s total electricity Describe the targets used by the usage in 2022. organisation to manage climate- • In 2022, we conducted a scope 3 related risks and opportunities and mapping exercise to identify the performance against targets. material scope 3 emission categories • Our operating companies’ targets are for inclusion in our scope 3 emissions science-based targets or are set by inventory. We calculated our scope 3 emissions in alignment with the GHG reference to Nationally Determined Protocol Corporate Value Chain (Scope Contributions (NDCs) or, in the case of 3) Standard. Please refer to the climate our aviation businesses, international change section for more details. industry commitments. • Swire Properties was the 昀椀rst real • Cathay Paci昀椀c (our investment in estate developer in Hong Kong and the the aviation sector) has set emission Chinese Mainland to set science-based reduction targets for 2030 and has the goal of achieving net zero targets. The targets are these: carbon emissions by 2050. It targets – Reduce absolute scope 1 and 2 GHG for sustainable aviation fuel (SAF) emissions by 25% by 2025 (compared to constitute 10% of its total fuel to a 2019 baseline) consumption by 2030. – Reduce scope 3 GHG emissions from downstream leased assets by 28% Further reading per sqm by 2030 (compared to a 2018 baseline) Reporting Methodology – Reduce scope 3 GHG emissions from Sustainable development reports capital goods by 25% per sqm by 2030 of our operating companies (compared to a 2016-2018 baseline) • Swire Coca-Cola’s science-based targets (approved by SBTi in 2020) are: Explore more – By 2030, reduce carbon emissions by 70% in its core operations (scope 1 Climate and 2) from a 2018 baseline – By 2030, reduce carbon emissions by 30% from its value chain (scope 1, 2 and 3) from a 2018 baseline SWIRE PACIFIC — SUSTAINABLE DEVELOPMENT REPORT 2022 — 23