Our business

About Swire Pacific

Swire Pacific is a Hong Kong-based international conglomerate with a diversified portfolio of market leading businesses. The Company has a long history in Greater China where the name Swire or 太古 has been established for over 150 years.

Our aims are to deliver sustainable growth in shareholder value, achieved through sound returns on equity over the long term, and to return value to shareholders through sustainable growth in ordinary dividends.

Swire Pacific is listed on Hong Kong Exchanges and Clearing Limited (HKSE: 00019/00087). Operating with three core divisions (Property, Beverages, and Aviation), Swire Pacific undertakes a wide range of commercial activities. It is the largest shareholder in two other listed companies in Hong Kong: Swire Properties Limited (Swire Properties, HKSE: 1972) and Cathay Pacific Airways Limited (Cathay Pacific, HKSE: 293).

We are one of Hong Kong’s largest and oldest employers, where we have approximately 14,000 employees. In the Chinese Mainland, we also have almost 36,000 employees. Globally, we employ over 84,000 people¹.

^{1. Includes companies not covered by this sustainability report (e.g. Cathay Pacific and Hong Kong Aero Engine Services Limited (HAESL)).}

Property Division

The Property Division comes under Swire Properties Limited, which is one of Hong Kong’s largest commercial landlords and operators of retail space, principally through the ownership and management of its landmark Pacific Place and Taikoo Place developments. The company also has major mixed-use commercial developments on the Chinese Mainland, in Beijing, Guangzhou, Chengdu, Shanghai, Xi’an, and Sanya. In the USA, it has a mixed-use development in Miami.

Beverages Division

The Beverages Division comes under Swire Coca-Cola, one of the largest Coca-Cola bottlers in the world. Swire Coca-Cola has the exclusive right to manufacture, market, and distribute products of The Coca-Cola Company (TCCC) in 11 provinces and the Shanghai Municipality of the Chinese Mainland, and in Hong Kong, Taiwan, Vietnam, and Cambodia. In February 2024, Swire Coca-Cola’s footprint expanded further to include operations in Thailand and Laos.¹

^{1. The disposal of 100% equity interests in the franchise business in the USA (doing business as Swire Coca-Cola, USA (SCCU)) was completed on 7th September 2023. Swire Coca-Cola continues to provide management and administrative support services to SCCU at an agreed annual management fee under a Management Services Agreement. Information in this report relating to SCCU represents data up to completion of the disposal.}

Aviation Division

The Aviation Division comprises the wholly owned Hong Kong Aircraft Engineering Company (HAECO) Group and an associate interest in the Cathay Group¹.

Hong Kong Aircraft Engineering Company (HAECO) is a leading provider of international aircraft maintenance and repair services, operating from bases in Hong Kong, the Chinese Mainland, and the US.

Cathay Group includes Cathay Pacific, two wholly owned airline subsidiaries, and an associate interest in Air China. Business interests also include catering, laundry, ground-handling, and cargo terminal operations.

^{1. Swire Pacific holds less than half (44.985%) of the voting rights of Cathay Pacific. It is accounted for as an associated company and therefore excluded from this report (except under scope 3 emissions). Cathay Pacific produces its own standalone sustainability report which is available on its corporate website.}

Trading & Industrial

The Trading & Industrial businesses comprise Swire Resources, Taikoo Motors, Swire Foods, and Swire Environmental Services.

Swire Resources is a major distributor and retailer of sports and lifestyle shoes, apparel, and accessories in Hong Kong, the Chinese Mainland, and Macau. Taikoo Motors distributes and retails international brands of passenger cars, commercial vehicles, motorcycles, and scooters, principally in Taiwan.

Swire Foods invests in and manages the development of a range of food manufacturing and distribution businesses. Chongqing New Qinyuan Bakery is a leading bakery chain in southwest China. Taikoo Sugar packages and sells premium sugar products, and branded and private label single-serve sachets of sugar, salt, pepper, and tea to the retail and catering sectors in Hong Kong and the Chinese Mainland.

Swire Environmental Services engages in the provision of waste management services and investment in clean and early-stage sustainable technology companies in Hong Kong. Swire Waste Management Limited has waste management contracts in Hong Kong.

In 2024, Swire Pacific became the major shareholder of the healthcare business DeltaHealth China Limited (DeltaHealth). In line with our Reporting Methodology, it is our practice not to report on indicators for new acquisitions/developments until operational performance data is available for at least one full calendar year and a review of internal controls is completed. Swire Pacific will include DeltaHealth in its 2025 Sustainability Report.

For further information about our Group structure and financial performance, please refer to the Swire Pacific Annual Report 2024 and our company website.

Swire Pacific Group overview 2024

	Property	Beverages	Aviation	Trading & Industrial
Total revenue (HK$M)¹	14,379	36,607	21,662	9,032
Recurring profit (HK$M)²	5,272	1,388	654	211
Tax expense (HK$M)¹	2,137	723	163	60
Total employees³	6,938	29,790	14,634	5,520
Total scope 1 & 2 GHG emissions (thousand tonnes CO₂e)	139	253	57	25
Total water withdrawal (thousand cbm)⁴	1,730	16,583	321	241
Total waste generated (tonnes)	38,436	29,477	5,318	1,084

^{1. Revenue and tax expense figures are on a consolidated basis and exclude those of joint venture and associated companies.}
^{2. Recurring profit figure for Aviation excludes Cathay Pacific and includes HAESL.}
^{3. Total employees are those at 31st December 2024 and include staff of all employment types (permanent full time staff, permanent part time staff and, in the Chinese Mainland, fixed contract staff, fixed term, and temporary contract staff). On the same date, there were 58 employees directly employed by Swire Pacific (head office). Employee figures exclude Cathay Pacific Group and HAESL.}
^{4. Total water withdrawal refers to the sum of water drawn from municipal water and groundwater. Virtually all water withdrawal by Swire Pacific is from municipal water supplies provided by local water supply authorities.}

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