In 2024, Swire Properties 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 Properties has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of Swire Properties amounted to 186,615 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 Properties decreased by 3.38%, 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 Properties were 9,039 metric tons of CO₂ equivalent (tCO₂e). a
Since 2018, Swire Properties's Scope 1 emissions have decreased by 11.98%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Swire Properties's Scope 1 emissions decreased by 12.83%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
In 2024, Swire Properties reported Scope 2 greenhouse gas (GHG) emissions of 129,596 tCO₂e using the market-based method and 177,576 tCO₂e using the location-based method. a
Since 2018, Swire Properties's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 13.33%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), Swire Properties's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Swire Properties 's emissions have plateaued with no significant change in its energy consumption footprint. a
In 2024, Swire Properties reported its Scope 2 emissions using the market-based method and using the location-based method. a
In 2024, Swire Properties reported 280,828 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 Properties includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 7 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
In 2024, Swire Properties reported total Scope 3 emissions of 280,828 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 62.08% of these emissions originated from upstream activities such as purchased goods and capital goods, while 37.92% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2018, Swire Properties's Scope 3 emissions have decreased by 40.62%, reflecting a declining long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), Swire Properties's Scope 3 emissions remained relatively stable, indicating that Swire Properties 's emissions have plateaued with no significant change in its value chain footprint. a
In 2024, Swire Properties reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Swire Properties's Scope 3 emissions were: a
In 2024, Swire Properties reported Scope 1 greenhouse gas (GHG) emissions of 9,039 tCO₂e and total revenues of USD 1,858 millions. This translates into an emissions intensity of 4.87 tCO₂e per millions USD. a
In 2024, Swire Properties reported a Scope 1 emissions intensity of 4.87 tCO₂e per millions USD. Compared to the peer group median of 2.93 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
In 2024, Swire Properties ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Swire Properties among the least efficient performers, with one of the highest emissions intensities in its sector. a
In 2024, Swire Properties reported a total carbon footprint of 467,443 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.75% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Swire Properties's total carbon footprint was Scope 3 emissions, accounting for 60.08% of the company's total carbon footprint, followed by Scope 2 emissions at 37.99%. a