GRI 2: General Disclosures 2021 | GRI Standards description | References and remarks | UNGC Principle |
|---|---|---|---|
Organisational Details and Reporting Practices | |||
2-1 | Organisational details | ||
2-2 | Entities included in the organisation’s sustainability reporting | ||
2-3 | Reporting period, frequency and contact point | ||
2-4 | Restatements of information | No historical data has been restated in this report | |
2-5 | External assurance | Appendices - Independent Practitioner's Limited Assurance Report | |
Activities and workers | |||
2-6 | Activities, value chain and other business relationships | About Swire Pacific Swire Pacific does not have a centralised Procurement function. Each operating company is responsible for its own procurement, so we do not have Group-level supplier data. See our operating companies' sustainability reports for details. | |
2-7 | Employees | ||
Governance | |||
2-9 | Governance structure and composition | About Swire Pacific – Our Approach This report has been reviewed and approved by our Board. | |
2-11 | Chair of the highest governance body | ||
2-12 | Role of the highest governance body in overseeing the management of impacts | ||
2-13 | Delegation of responsibility for managing impacts | ||
2-14 | Role of the highest governance body in sustainability reporting | ||
Strategy, policies and practices | |||
2-22 | Statement on sustainable development strategy | ||
2-23 | Policy commitments | About Swire Pacific – Our Approach | 1 |
2-26 | Mechanisms for seeking advice and raising concerns | About Swire Pacific - Our Approach | |
2-27 | Compliance with laws and regulations | It is not considered that any individual social or environmental laws or regulations have a significant impact on the Swire Pacific Group. In 2025, we were not subject to significant fines or non-monetary sanctions for non-compliance with laws or regulations. | |
2-28 | Membership associations | ||
Stakeholder engagement | |||
2-29 | Approach to stakeholder engagement | About this Report – Assessing Priority Sustainability Topics | |
2-30 | Collective bargaining agreements | About Swire Pacific – Our Approach In Hong Kong there is no legal framework for collective bargaining arrangements with trade unions. In the Chinese Mainland, our operating companies are normally required to liaise with official trade unions. Employees can present grievances and report improprieties and breaches of the Code of Conduct through established channels. See our operating companies' sustainability reports for details. | 3 |
Material topics | |||
3-1 | Process to determine material topics | About this Report – Assessing Priority Sustainability Topics | |
3-2 | List of material topics | ||
GRI & HKEX Content Indexes
Unless otherwise specified, references are made to sections of the Sustainability Report 2025, and are included in order of where they appear in this report. Data is included in Performance Data tables as standard, and may also appear in other report sections in charts, tables and performance discussion.
Statement of Use | Swire Pacific Limited has reported the information cited in this GRI content index for the period 1 January - 31 December 2025 with reference to the GRI Standards. |
GRI 1 version | GRI 1: Foundation 2021 |
GRI Standards General Disclosures
GRI Standards Topic Index
GRI Topic Standards | Description | References and remarks | UNGC Principle |
|---|---|---|---|
GRI 201: Economic Performance 2017 | |||
3-3 | The management approach and its components | ||
201-1 | Direct economic value generated and distributed | ||
201-2 | Financial implications and other risks and opportunities due to climate change | ||
GRI 205: Anti-corruption 2016 | |||
3-3 | The management approach and its components | About Swire Pacific - Our Approach | 10 |
205-2 | Communication and training about anti-corruption policies and procedures | ||
205-3 | Confirmed incidents of corruption and actions taken | ||
GRI 206: Anti-competitive Behaviour 2016 | |||
3-3 | The management approach and its components | ||
206-1 | Legal actions for anti-competitive behaviour, anti-trust, and monopoly practices | ||
GRI 301: Materials 2016 | |||
3-3 | The management approach and its components | SD 2050 - Waste | 7, 8 |
301-1 | Materials used by weight or volume | ||
GRI 302: Energy 2016 | |||
3-3 | The management approach and its components | SD 2050 - Climate | |
302-1 | Energy consumption within the organisation | ||
302-4 | Reduction of energy consumption | ||
GRI 303: Water and Effluents 2018 | |||
3-3 | The management approach and its components | SD 2050 - Water | |
303-1 | Interactions with water as a shared resource | ||
303-2 | Management of water discharge-related impacts | ||
303-3 | Water withdrawal | ||
303-5 | Water consumption | ||
GRI 101: Biodiversity 2024 | |||
3-3 | The management approach and its components | About Swire Pacific - ESG Risk Management | |
101-1 | Policies to halt and reverse biodiversity loss | Swire Pacific Biodiversity Policy | |
101-2 | Management of biodiversity impacts | ||
101-4 | Identification of biodiversity impacts | About Swire Pacific - ESG Risk Management | |
101-8 | Ecosystem services | ||
GRI 305: Emissions 2016 | |||
3-3 | The management approach and its components | SD 2050 - Climate | |
305-1 | Direct (scope 1) GHG emissions | ||
305-2 | Energy indirect (scope 2) GHG emissions | ||
305-3 | Other indirect (scope 3)GHG emissions | ||
305-5 | Reduction of GHG emissions | ||
GRI 306: Waste 2020 | |||
3-3 | The management approach and its components | ||
306-1 | Waste generation and significant waste-related impacts | ||
306-2 | Management of significant waste-related impacts | ||
306-3 | Waste generated | ||
GRI 308: Supplier Environmental Assessment 2016 | |||
3-3 | The management approach and its components | Other ESG Disclosures - Supply Chain | |
308-1 | New suppliers that were screened using environmental criteria | Other ESG Disclosures - Supply Chain Swire Pacific does not have a centralised procurement function. Each operating company is responsible for its own procurement. See our operating companies' sustainability reports for details. | |
GRI 401: Employment 2016 | |||
3-3 | The management approach and its components | ||
401-1 | New employee hires and employee turnover | ||
GRI 403: Occupational Health and Safety 2018 | |||
3-3 | The management approach and its components | ||
403-9 | Work-related injuries | SD 2050 - People Swire Pacific only reports on the lost day rate, lost time injury rate and fatalities of our employees. We do not disclose occupational health & safety data by gender and region. Our historical performance data is included in our archived Sustainability Reports. Refer to our company website. | |
GRI 404: Training and Education 2016 | |||
3-3 | The management approach and its components | ||
401-1 | Average hours of training per year per employee | ||
GRI 405: Diversity and Equal Opportunity 2016 | |||
3-3 | The management approach and its components | ||
405-1 | Diversity of governance bodies and employees | Appendices - Performance Data We do not have a definition for minority status in our workforce. | |
405-2 | Ratio of basic salary and remuneration of women to men | ||
GRI 406: Non-discrimination 2016 | |||
3-3 | The management approach and its components | ||
406-1 | Incidents of discrimination and corrective actions taken | ||
GRI 408: Child Labour 2016 | |||
3-3 | The management approach and its components | About Swire Pacific - Our Approach | |
GRI 409: Forced or Compulsory Labour 2016 | |||
3-3 | The management approach and its components | About Swire Pacific - Our Approach | |
GRI 413: Local Communities 2016 | |||
3-3 | The management approach and its components | ||
413-1 | Operations with local community engagement, impact assessments, and development programmes | ||
GRI 414: Supplier Social Assessment 2016 | |||
3-3 | The management approach and its components | Other ESG Disclosures -Supply Chain | |
414-1 | New suppliers that were screened using social criteria | Other ESG Disclosures - Supply Chain Swire Pacific does not have a centralised procurement function. Each operating company is responsible for its own procurement. See our operating companies' sustainability reports for details. | |
GRI 415: Public Policy 2016 | |||
3-3 | The management approach and its components | ||
GRI 418: Customer Privacy 2016 | |||
3-3 | The management approach and its components | ||
418-1 | Substantiated complaints concerning breaches of customer privacy and losses of customer data | ||
HKEX ESG Code - Part B and C Disclosures
Mandatory Disclosure Requirements, Aspects, General Disclosure, KPIs | Description | References and remarks |
|---|---|---|
Part B: Mandatory Disclosure Requirement | ||
HKEX C2 B-13 | A statement from the board containing its oversight of ESG issues, the board's ESG management approach and strategy, and how the board reviews progress against ESG-related goals and targets. | About Swire Pacific - Our Approach |
HKEX C2 B-14 | Materiality | About this Report - Assessing priority sustainability topics |
Quantitative | Appendices - Performance Data | |
Consistency | ||
HKEX C2 B-15 | A narrative explaining the reporting boundaries of the ESG report and describing the process used to identify which entities or operations are included. | |
Part C: “Comply or explain” Provisions | ||
A1 Emissions | ||
General disclosure | Information on the policies relating to air and greenhouse gas emissions, discharges into water and land, and generation of hazardous and non-hazardous waste. | SD 2050 - Climate |
KPI A1.1 | The types of emissions and respective emissions data. | |
KPI A1.3 | Total hazardous waste produced (in tonnes) and intensity. | |
KPI A1.4 | Total non-hazardous waste produced (in tonnes) and intensity. | |
KPI A1.5 | Description of measures to mitigate emissions and results achieved. | |
KPI A1.6 | Description of how hazardous and non-hazardous wastes are handled, reduction initiatives and results achieved. | |
A2 Use of Resources | ||
General disclosure | Policies on the efficient use of resources, including energy, water and other raw materials. | |
KPI A2.1 | Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total and intensity. | |
KPI A2.2 | Water consumption in total and intensity. | |
KPI A2.3 | Description of energy use efficiency initiatives and results achieved. | |
KPI A2.4 | Description of whether there is any issue in sourcing water that is fit for purpose, water efficiency initiatives and results achieved. | |
KPI A2.5 | Total packaging material used for finished products and with reference to per unit produced. | As a diversified conglomerate with operating companies in distinct industries, consolidated data on total packaging material for finished products is not currently available, as many businesses do not produce finished goods or use packaging in a manner that allows for consistent group‑level reporting. |
A3 Environment and Natural Resources | ||
General disclosure | Policies on minimising the issuer's significant impact on the environment and natural resources. | Swire Pacific website - Environmental, Social and Governance (ESG) Policies |
KPI A3.1 | Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them. | |
B1 Employment | ||
General disclosure | Policies on employment and compliance with relevant laws and regulations that have a significant impact on the issuer. | |
KPI B1.1 | Total workforce by gender, employment type, age group and geographical region. | |
KPI B1.2 | Employee turnover rate by gender, age group and geographical region. | Other ESG Disclosures - Talent Management |
B2 Health and Safety | ||
General disclosure | Policies on providing a safe working environment and protecting employees from occupational hazards. | |
KPI B2.1 | Number and rate of work-related fatalities occurred in each of the past three years including the reporting year. | |
KPI B2.2 | Lost days due to work injury. | |
KPI B2.3 | Description of occupational health and safety measures adopted, how they are implemented and monitored. | |
B3 Development and Training | ||
General disclosure | Policies on improving employees' knowledge and skills for discharging duties at work. Description of training activities. | |
KPI B3.1 | The percentage of employees trained by gender and employee category. | |
KPI B3.2 | The average training hours completed per employee by gender and employee category. | |
B4 Labour Standards | ||
General disclosure | Policies on preventing child and forced labour. | Swire Pacific website - Environmental, Social and Governance (ESG) Policies |
KPI B4.1 | Description of measures to review employment practices to avoid child and forced labour. | |
KPI B4.2 | Description of steps taken to eliminate such practices when discovered. | |
B5 Supply Chain Management | ||
General disclosure | Policies on managing environmental and social risks of the supply chain. | |
KPI B5.1 | Number of suppliers by geographical region. | |
KPI B5.2 | Description of practices relating to engaging suppliers, number of suppliers where the practices are being implemented, how they are implemented and monitored. | |
KPI B5.3 | Description of practices used to identify environmental and social risks along the supply chain, and how they are implemented and monitored. | Other ESG Disclosures - Supply Chain |
KPI B5.4 | Description of practices used to promote environmentally preferable products and services when selecting suppliers, and how they are implemented and monitored. | |
B6 Product Responsibility | ||
General disclosure | Policies on health and safety, advertising, labelling and privacy matters relating to products and services offered and methods of redress. | |
KPI B6.1 | Percentage of total products sold or shipped subject to recalls for safety and health reasons. | The approach of our major businesses to material customer issues is described in Customers. Further information is available in our operating companies' sustainability reports. |
KPI B6.2 | Number of products and service related complaints received and how they are dealt with. | |
KPI B6.3 | Description of practices relating to observing and protecting intellectual property rights. | Other ESG Disclosures - Customers |
KPI B6.4 | Description of quality assurance process and recall procedures. | |
KPI B6.5 | Description of consumer data protection and privacy policies, how they are implemented and monitored. | |
B7 Anti-corruption | ||
General disclosure | Policies on preventing bribery, extortion, fraud and money laundering. | |
KPI B7.1 | Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases. | It is not considered that any individual laws or regulations have a significant impact on the Swire Pacific Group. |
KPI B7.2 | Description of preventive measures and whistle-blowing procedures, how they are implemented and monitored. | |
KPI B7.3 | Description of anti-corruption training provided to directors and staff. | |
B8 Community Investment | ||
General disclosure | Policies on community engagement to understand the needs of the communities where the issuer operates and to ensure its activities take into consideration the communities' interests. | |
KPI B8.1 | Focus areas of contribution (e.g. education, environmental concerns, labour needs, health, culture, sport). | |
KPI B8.2 | Resources contributed (e.g. money or time) to the focus area. | |
HKEX ESG Code - Part D Disclosures
HKEX ESG Code Part D Reference No. | Disclosure description | References and remarks |
|---|---|---|
Governance | ||
HKEX C2 D-19 | An issuer shall disclose information about: | |
HKEX C2 D-19(a) | the governance body(s) (which can include a board, committee or equivalent body charged with governance) or individual(s) responsible for oversight of climate-related risks and opportunities. Specifically, the issuer shall identify that body(s) or individual(s) and disclose information about: | |
HKEX C2 D-19(a)(i) | how the body(s) or individual(s) determines whether appropriate skills and competencies are available or will be developed to oversee strategies designed to respond to climate-related risks and opportunities; | Our Approach - Governance of Sustainable Development |
HKEX C2 D-19(a)(ii) | how and how often the body(s) or individual(s) is informed about climate-related risks and opportunities; | Our Approach - Governance of Sustainable Development |
HKEX C2 D-19(a)(iii) | how the body(s) or individual(s) takes into account climate-related risks and opportunities when overseeing the issuer’s strategy, its decisions on major transactions, and its risk management processes and related policies, including whether the body(s) or individual(s) has considered trade-offs associated with those risks and opportunities; | Our Approach - Governance of Sustainable Development |
HKEX C2 D-19(a)(iv) | how the body(s) or individual(s) oversees the setting of, and monitors progress towards, targets related to climate-related risks and opportunities (see paragraphs 37 to 40), including whether and how related performance metrics are included in remuneration policies (see paragraph 35); and | Our Approach - Governance of Sustainable Development |
HKEX C2 D-19(b) | management’s role in the governance processes, controls and procedures used to monitor, manage and oversee climate-related risks and opportunities, including information about: | |
HKEX C2 D-19(b)(i) | whether the role is delegated to a specific management-level position or management-level committee and how oversight is exercised over that position or committee; and | Our Approach - Governance of Sustainable Development |
HKEX C2 D-19(b)(ii) | whether management uses controls and procedures to support the oversight of climate-related risks and opportunities and, if so, how these controls and procedures are integrated with other internal functions. | Our Approach - Governance of Sustainable Development |
Strategy | ||
Climate-related risks and opportunities | ||
HKEX C2 D-20 | An issuer shall disclose information to enable an understanding of climate-related risks and opportunities that could reasonably be expected to affect the issuer’s cash flows, its access to finance or cost of capital over the short, medium or long term. Specifically, the issuer shall: | ESG Risk Management - Climate-related Physical and Transition Risks |
HKEX C2 D-20(a) | describe climate-related risks and opportunities that could reasonably be expected to affect the issuer’s cash flows, its access to finance or cost of capital over the short, medium or long term; | |
HKEX C2 D-20(b) | explain, for each climate-related risk the issuer has identified, whether the issuer considers the risk to be a climate-related physical risk or climate-related transition risk; | |
HKEX C2 D-20(c) | specify, for each climate-related risk and opportunity the issuer has identified, over which time horizons – short, medium or long term – the effects of each climate-related risk and opportunity could reasonably be expected to occur; and | |
HKEX C2 D-20(d) | explain how the issuer defines ‘short term’, ‘medium term’ and ‘long term’ and how these definitions are linked to the planning horizons used by the issuer for strategic decision-making. | |
Business model and value chain | ||
HKEX C2 D-21 | An issuer shall disclose information that enables an understanding of the current and anticipated effects of climate-related risks and opportunities on the issuer’s business model and value chain. Specifically, the issuer shall disclose: | |
HKEX C2 D-21(a) | a description of the current and anticipated effects of climate-related risks and opportunities on the issuer’s business model and value chain; and | ESG Risk Management - Climate-related Physical and Transition Risks |
HKEX C2 D-21(b) | a description of where in the issuer’s business model and value chain climate-related risks and opportunities are concentrated (for example, geographical areas, facilities and types of assets). | ESG Risk Management - Climate-related Physical and Transition Risks |
Strategy and decision making | ||
HKEX C2 D-22 | An issuer shall disclose information that enables an understanding of the effects of climate-related risks and opportunities on its strategy and decision-making. Specifically, the issuer shall disclose: | |
HKEX C2 D-22(a) | information about how the issuer has responded to, and plans to respond to, climate-related risks and opportunities in its strategy and decision-making, including how the issuer plans to achieve any climate-related targets it has set and any targets it is required to meet by law or regulation. Specifically, the issuer shall disclose information about: | ESG Risk Management - Climate-related Physical and Transition Risks |
HKEX C2 D-22(a)(i) | current and anticipated changes to the issuer’s business model, including its resource allocation, to address climate-related risks and opportunities; | |
HKEX C2 D-22(a)(ii) | current and anticipated adaptation and mitigation efforts (whether direct or indirect); | |
HKEX C2 D-22(a)(iii) | any climate-related transition plan the issuer has (including information about key assumptions used in developing its transition plan, and dependencies on which the issuer’s transition plan relies), or an appropriate negative statement where the issuer does not have a climate-related transition plan; and | |
HKEX C2 D-22(a)(iv) | how the issuer plans to achieve any climate-related targets (including any greenhouse gas emissions targets (if any)), described in accordance with paragraphs 37 to 40; and | |
HKEX C2 D-22(b) | information about how the issuer is resourcing, and plans to resource, the activities disclosed in accordance with paragraph 22(a). | |
HKEX C2 D-23 | An issuer shall disclose information about the progress of plans disclosed in previous reporting periods in accordance with paragraph 22(a). | |
Financial position, financial performance and cash flows | ||
HKEX C2 D-24 | An issuer shall disclose qualitative and quantitative information about: | |
HKEX C2 D-24(a) | how climate risks/opportunities have affected financial position, performance, and cash flows for the reporting period. | Given the mitigations in place, no sustainability-related risks have been identified which would have a material effect on the Group’s financial position, cash flows, or access to capital over the short- to medium-term. As data is less reliable for the long-term, we will continue to monitor and assess how our exposure to long-term sustainability-related risks may change. |
HKEX C2 D-24(b) | climate-related risks and opportunities identified in paragraph 24(a) for which there is a significant risk of a material adjustment within the next annual reporting period to the carrying amounts of assets and liabilities reported in the related financial statements. | |
HKEX C2 D-25 | The issuer shall provide qualitative and quantitative disclosures about: | |
HKEX C2 D-25(a) | how the issuer expects its financial position to change over the short, medium and long term, given its strategy to manage climate-related risks and opportunities, taking into consideration: | |
HKEX C2 D-25(a)(i) | its investment and disposal plans; and | |
HKEX C2 D-25(a)(ii) | its planned sources of funding to implement its strategy; and | |
HKEX C2 D-25(b) | how the issuer expects its financial performance and cash flows to change over the short, medium and long term, given its strategy to manage climate-related risks and opportunities. | |
Climate resilience | ||
HKEX C2 D-26 | An issuer shall disclose information that enables an understanding of the resilience of the issuer’s strategy and business model to climate-related changes, developments and uncertainties, taking into consideration the issuer’s identified climate-related risks and opportunities. An issuer shall use climate-related scenario analysis to assess its climate resilience using an approach that is commensurate with an issuer’s circumstances. In providing quantitative information, the issuer may disclose a single amount or a range. Specifically, the issuer shall disclose: | |
HKEX C2 D-26(a) | the issuer’s assessment of its climate resilience as at the reporting date, which shall enable an understanding of: | |
HKEX C2 D-26(a)(i) | the implications, if any, of the issuer’s assessment for its strategy and business model, including how the issuer would need to respond to the effects identified in the climate-related scenario analysis; | |
HKEX C2 D-26(a)(ii) | the significant areas of uncertainty considered in the issuer’s assessment of its climate resilience; and | |
HKEX C2 D-26(a)(iii) | the issuer’s capacity to adjust, or adapt its strategy and business model to climate change over the short, medium or long term; | |
HKEX C2 D-26(b) | how and when the climate-related scenario analysis was carried out, including: | |
HKEX C2 D-26(b)(i) | information about the inputs used | |
HKEX C2 D-26(b)(ii) | the key assumptions the issuer made in the analysis; and | |
HKEX C2 D-26(b)(iii) | the reporting period in which the climate-related scenario analysis was carried out. | |
Risk management | ||
HKEX C2 D-27 | An issuer shall disclose information about: | |
HKEX C2 D-27(a) | the processes and related policies it uses to identify, assess, prioritise and monitor climate-related risks, including information about: | |
HKEX C2 D-27(a)(i) | the inputs and parameters the issuer uses (for example, information about data sources and the scope of operations covered in the processes); | |
HKEX C2 D-27(a)(ii) | whether and how the issuer uses climate-related scenario analysis to inform its identification of climate-related risks; | |
HKEX C2 D-27(a)(iii) | how the issuer assesses the nature, likelihood and magnitude of the effects of those risks (for example, whether the issuer considers qualitative factors, quantitative thresholds or other criteria); | |
HKEX C2 D-27(a)(iv) | whether and how the issuer prioritises climate-related risks relative to other types of risks; | |
HKEX C2 D-27(a)(v) | how the issuer monitors climate-related risks; and | |
HKEX C2 D-27(a)(vi) | whether and how the issuer has changed the processes it uses compared with the previous reporting period; | |
HKEX C2 D-27(b) | the processes the issuer uses to identify, assess, prioritise and monitor climate-related opportunities (including information about whether and how the issuer uses climate-related scenario analysis to inform its identification of climate-related opportunities); and | |
HKEX C2 D-27(c) | the extent to which, and how, the processes for identifying, assessing, prioritising and monitoring climate-related risks and opportunities are integrated into and inform the issuer’s overall risk management process. | |
Metrics and targets | ||
Greenhouse gas emissions | ||
HKEX C2 D-28 | An issuer shall disclose its absolute gross greenhouse gas emissions generated during the reporting period, expressed as metric tons of CO2 equivalent, classified as: | Appendices - Performance Data |
HKEX C2 D-28(a) | Scope 1 greenhouse gas emissions; | |
HKEX C2 D-28(b) | Scope 2 greenhouse gas emissions; and | |
HKEX C2 D-28(c) | Scope 3 greenhouse gas emissions. | |
HKEX C2 D-29 | An issuer shall: | |
HKEX C2 D-29(a) | measure its greenhouse gas emissions in accordance with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2004) unless required by a jurisdictional authority or another exchange on which the issuer is listed to use a different method for measuring greenhouse gas emissions; | |
HKEX C2 D-29(b) | disclose the approach it uses to measure its greenhouse gas emissions including: | |
HKEX C2 D-29(b)(i) | the measurement approach, inputs and assumptions the issuer uses to measure its greenhouse gas emissions; | |
HKEX C2 D-29(b)(ii) | the reason why the issuer has chosen the measurement approach, inputs and assumptions it uses to measure its greenhouse gas emissions; and | |
HKEX C2 D-29(b)(iii) | any changes the issuer made to the measurement approach, inputs and assumptions during the reporting period and the reasons for those changes; | |
HKEX C2 D-29(c) | for Scope 2 greenhouse gas emissions disclosed in accordance with paragraph 28(b), disclose its location-based Scope 2 greenhouse gas emissions, and provide information about any contractual instruments that is necessary to enable an understanding of the issuer’s Scope 2 greenhouse gas emissions; and | |
HKEX C2 D-29(d) | for Scope 3 greenhouse gas emissions disclosed in accordance with paragraph 28(c), disclose the categories included within the issuer’s measure of Scope 3 greenhouse gas emissions, in accordance with the Scope 3 categories described in the Greenhouse Gas Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard (2011). | |
Climate-related transition risks | ||
HKEX C2 D-30 | An issuer shall disclose the amount and percentage of assets or business activities vulnerable to climate-related transition risks. | Given the mitigations in place, no sustainability-related risks have been identified which would have a material effect on the Group’s financial position, cash flows, or access to capital over the short- to medium-term. As data is less reliable for the long-term, we will continue to monitor and assess how our exposure to long-term sustainability-related risks may change. |
Climate-related physical risks | ||
HKEX C2 D-31 | An issuer shall disclose the amount and percentage of assets or business activities vulnerable to climate-related physical risks. | |
Climate-related opportunities | ||
HKEX C2 D-32 | An issuer shall disclose the amount and percentage of assets or business activities aligned with climate-related opportunities. | |
Capital deployment | ||
HKEX C2 D-33 | An issuer shall disclose the amount of capital expenditure, financing or investment deployed towards climate-related risks and opportunities. | |
Internal carbon prices | ||
HKEX C2 D-34 | An issuer shall disclose: | |
HKEX C2 D-34(a) | an explanation of whether and how the issuer is applying a carbon price in decision-making (for example, investment decisions, transfer pricing, and scenario analysis); and | |
HKEX C2 D-34(b) | the price of each metric tonne of greenhouse gas emissions the issuer uses to assess the costs of its greenhouse gas emissions; | |
Remuneration | ||
HKEX C2 D-35 | An issuer shall disclose whether and how climate-related considerations are factored into remuneration policy, or an appropriate negative statement. This may form part of the disclosure under paragraph 19(a)(iv). | |
Climate-related targets | ||
HKEX C2 D-37 | An issuer shall disclose (a) the qualitative and quantitative climate-related targets the issuer has set to monitor progress towards achieving its strategic goals; and (b) any targets the issuer is required to meet by law or regulation, including any greenhouse gas emissions targets. For each target, the issuer shall disclose: | |
HKEX C2 D-37(a) | the metric used to set the target; | |
HKEX C2 D-37(b) | the objective of the target (for example, mitigation, adaptation or conformance with science-based initiatives); | |
HKEX C2 D-37(c) | the part of the issuer to which the target applies (for example, whether the target applies to the issuer in its entirety or only a part of the issuer, such as a specific business unit or geographic region); | |
HKEX C2 D-37(d) | the period over which the target applies; | |
HKEX C2 D-37(e) | the base period from which progress is measured; | |
HKEX C2 D-37(f) | milestones or interim targets (if any); | |
HKEX C2 D-37(g) | if the target is quantitative, whether the target is an absolute target or an intensity target; and | |
HKEX C2 D-37(h) | how the latest international agreement on climate change, including jurisdictional commitments that arise from that agreement, has informed the target. | |
HKEX C2 D-38 | An issuer shall disclose information about its approach to setting and reviewing each target, and how it monitors progress against each target, including: | |
HKEX C2 D-38(a) | whether the target and the methodology for setting the target has been validated by a third party; | Appendices - Independent Practitioner's Limited Assurance Report |
HKEX C2 D-38(b) | the issuer’s processes for reviewing the target; | |
HKEX C2 D-38(c) | the metrics used to monitor progress towards reaching the target; and | |
HKEX C2 D-38(d) | any revisions to the target and an explanation for those revisions. | NA |
HKEX C2 D-39 | An issuer shall disclose information about its performance against each climate-related target and an analysis of trends or changes in the issuer’s performance. | |
HKEX C2 D-40 | For each greenhouse gas emissions target disclosed in accordance with paragraphs 37 to 39, an issuer shall disclose: | |
HKEX C2 D-40(a) | which greenhouse gases are covered by the target; | |
HKEX C2 D-40(b) | whether Scope 1, Scope 2 or Scope 3 greenhouse gas emissions are covered by the target; | |
HKEX C2 D-40(c) | whether the target is a gross greenhouse gas emissions target or a net greenhouse gas emissions target. If the issuer discloses a net greenhouse gas emissions target, the issuer is also required to separately disclose its associated gross greenhouse gas emissions target; | |
HKEX C2 D-40(d) | whether the target was derived using a sectoral decarbonisation approach; and | |
HKEX C2 D-40(e) | the issuer’s planned use of carbon credits to offset greenhouse gas emissions to achieve any net greenhouse gas emissions target. In explaining its planned use of carbon credits, the issuer shall disclose: | |
HKEX C2 D-40(e)(i) | the extent to which, and how, achieving any net greenhouse gas emissions target relies on the use of carbon credits; | |
HKEX C2 D-40(e)(ii) | which third-party scheme(s) will verify or certify the carbon credits; | |
HKEX C2 D-40(e)(iii) | the type of carbon credit, including whether the underlying offset will be nature-based or based on technological carbon removals, and whether the underlying offset is achieved through carbon reduction or removal; and | |
HKEX C2 D-40(e)(iv) | any other factors necessary to enable an understanding of the credibility and integrity of the carbon credits the issuer plans to use (for example, assumptions regarding the permanence of the carbon offset). | |