Sustainability Report 2025
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About Swire Pacific

Our Businesses

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 the Hong Kong Stock Exchange. 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 and Cathay Pacific Airways Limited.

We are one of Hong Kong’s largest and oldest employers, where we have over 42,000 employees1. In the Chinese Mainland, we have over 33,000 employees. Globally, we employ over 92,000 people.1

1. Includes operations and companies not covered by this sustainability report (e.g. Swire Coca-Cola's operations in Laos and Thailand, Cathay group and Hong Kong Aero Engine Services Limited (HAESL)).

Property Division

The Property Division comprises Swire Pacific's interest in Swire Properties Limited, which has been quoted on the Hong Kong Stock Exchange since 2012. Established in 1972, Swire Properties is one of Hong Kong’s largest commercial landlords and operators of retail space, principally through the ownership and management of its core centres at Pacific Place and Taikoo Place. The company also has major mixed-use commercial developments in the Chinese Mainland, in Beijing, Guangzhou, Chengdu, Shanghai, Xi’an and Sanya. Swire Properties' business comprises three main areas: Investment Properties, Hotel Investment and Management, and Property Trading.

Beverages Division

The Beverages Division comprises 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 Shanghai in the Chinese Mainland, and in Hong Kong, Taiwan, Vietnam, Cambodia, Laos and most of Thailand1.

In Laos and the northern and central regions of Thailand, Swire Coca-Cola does business through its majority shareholding in ThaiNamthip Corporation Public Company Limited (TNCC).

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. In this report, environmental information relating to SCCU is included up to the date of disposal. Swire Coca-Cola's operations in Laos and Thailand are not yet included in our reporting boundary due to ongoing integration of data collection and control processes.

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) group

HAECO is one of the world’s leading aircraft engineering and maintenance service providers. It operates state-of-the-art facilities principally in Hong Kong and the Chinese Mainland. In addition to base and line maintenance and modification work, the HAECO group's operating companies provide a comprehensive range of products and services in the airframe, component and engine segments.

Cathay group

The 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. Cathay group is accounted for as an associated company and therefore excluded from this report (except under scope 3 emissions).

Other Businesses

Swire Pacific's healthcare investments are located in the Yangtze River Delta and Greater Bay Area in the Chinese Mainland, as well as in Indonesia. Swire Pacific has a controlling stake in DeltaHealth, a healthcare provider in the Chinese Mainland which owns and operates Shanghai DeltaHealth Cardiovascular Hospital and DeltaWest Clinic. Shanghai DeltaHealth Cardiovascular Hospital is the first wholly foreign-owned cardiovascular speciality hospital in the Chinese Mainland. DeltaWest Clinic is an outpatient clinic in the Changning district of Shanghai.

The non-core Trading & Industrial businesses comprise a range of business interests from apparel to automotive trading. They include Swire Resources, Taikoo Motors, Swire Foods, and Swire Environmental Services.

For further information about our group structure and financial performance, please refer to the Swire Pacific Annual Report 2025 and our company website. Refer to our Reporting Methodology for information on the companies included within the reporting boundary for this report.

Core Division Overview 2025

In this report we focus on the operating companies that represent the largest share of Swire Pacific's workforce and environmental footprint: Swire Properties, Swire Coca-Cola and HAECO group. We disclose the performance of other businesses for which we have operational control in aggregate. Cathay group is accounted for as an associated company and is excluded from data points except scope 3 emissions. It produces its own stand-alone sustainability report which is available on the Cathay Pacific corporate website.

Further reading
Swire Pacific Annual Report 2025Swire Pacific Reporting Methodology 2025Cathay Pacific corporate website
Overview

Employees
(number)GHG Emissions
(kt CO₂e)Water withdrawal
(million cbm)Waste generated
(thousand tonnes)

Property

Beverages

HAECO group

Total employees1

7,154

27,103

12,054

Total scope 1 & 2 GHG emissions (thousand tonnes CO2e)

111

230

50

Total water withdrawal (million cbm)2

2

16

0.3

Total waste generated (thousand tonnes)

34

26

5

1. Total employees are those at 31st December 2025 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).
2. 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.

Overview

Total employees1
Property
7,154
Beverages
27,103
HAECO group
12,054
Total scope 1 & 2 GHG emissions (thousand tonnes CO2e)
Property
111
Beverages
230
HAECO group
50
Total water withdrawal (million cbm)2
Property
2
Beverages
16
HAECO group
0.3
Total waste generated (thousand tonnes)
Property
34
Beverages
26
HAECO group
5

1. Total employees are those at 31st December 2025 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).
2. 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.

Employees
(number)

GHG Emissions
(kt CO₂e)

Water withdrawal
(million cbm)

Waste generated
(thousand tonnes)

Our Approach

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