In 2024, Swire Pacific completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Swire Pacific has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 79,000a | 110,000a | 120,000b | |
Total Scope 2 | ||||
Market-Based | 394,000a | 487,000a | 449,000b | |
Location-Based | 565,000a | 613,000a | 529,000b | |
Total Scope 3 | 12,674,000a | 10,468,000a | 7,382,000b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 7.4849a | 9.0588a | 10.2713b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Swire Pacific amounted to 644,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Swire Pacific decreased by 10.93%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Swire Pacific were 79,000 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Swire Pacific's Scope 1 emissions decreased by 28.18%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Swire Pacific reported Scope 2 greenhouse gas (GHG) emissions of 394,000 tCO₂e using the market-based method and 565,000 tCO₂e using the location-based method.a
Since 2019, Swire Pacific's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Swire Pacific's emissions have plateaued with no significant change in its energy consumption footprint.ac
Compared to the previous year (2023), Swire Pacific's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Swire Pacific's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Swire Pacific reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Swire Pacific reported 12,674,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Swire Pacific includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Swire Pacific reported total Scope 3 emissions of 12,674,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Swire Pacific's Scope 3 emissions increased by 21.07%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Swire Pacific reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Swire Pacific's Scope 3 emissions were:a
In 2024, Swire Pacific reported Scope 1 greenhouse gas (GHG) emissions of 79,000 tCO₂e and total revenues of USD 10,555 millions. This translates into an emissions intensity of 7.48 tCO₂e per millions USD.a
In 2024, Swire Pacific reported a Scope 1 emissions intensity of 7.48 tCO₂e per millions USD. Compared to the peer group median of 34.33, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Swire Pacific ranked 4 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Swire Pacific among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Swire Pacific reported a total carbon footprint of 13,318,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 19.01% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Swire Pacific's total carbon footprint was Scope 3 emissions, accounting for 95.16% of the company's total carbon footprint, followed by Scope 2 emissions at 4.24%.a