Contents 2 Introduction 3 Chairman’s statement 4 From our Department Heads 6 Our business 8 Our approach to sustainable development 12 ESG risk management 15 Task Force on Climate-Related Financial Disclosures 24 SwireTHRIVE 25 Climate 33 Waste 39 Water 44 People 54 Communities 68 About our report 70 Assessing materiality 74 Stakeholder engagement 76 Other ESG disclosures 77 Governance 79 Supply chain 81 Talent management 83 Customers 85 Biodiversity 87 Appendices 87 Performance data 98 External initiatives, charters and memberships 101 GRI and HKEX content index 113 Glossary SWIRE PACIFIC — SUSTAINABLE DEVELOPMENT REPORT 2022 — 1