Freshwater availability and quality are crucial to our business operations. Collective action is needed as water scarcity is a systemic, cross-boundary challenge. It is important that we have sound water management plans and work with other water users to improve water security in our operating locations and protect this shared resource for the future.

Our SD 2050 ambition is to be water neutral by 2050, with an interim target to reduce freshwater withdrawal by 2030. We aim to achieve this by minimising freshwater consumption through improving efficiency, leak repairs, and maximising water reuse and recycling opportunities.

Approximately 54% of the water withdrawn by Swire Coca-Cola goes into final beverage products, and there is no substitute for this. To manage the impact of our remaining water footprint, we replenish natural water sources in strategic locations through partnerships.

Our Sustainable Water Policy sets out our commitments to use water responsibly, ensure access to clean water, safely discharge wastewater, and protect natural water sources for the future.

We have a Water Working Group, which supports the implementation of our Sustainable Water Policy and the delivery of water related commitments.

Swire Pacific and Swire Coca-Cola received a B rating in the 2025 CDP Water Security questionnaire.

Water availability is highly location-dependent. Each watershed may be exposed to different risks depending on its climatic conditions and changing demand of all water users drawing from it. Understanding location specific water risks can inform a more targeted and strategic approach to water management, allowing focus on sites with the highest risks.

We use the World Resources Institute’s (WRI) Aqueduct Water Risk Atlas to assess the baseline water stress across our global operating locations. Approximately 33% of the freshwater we use is drawn from sources that are classified as high or extremely high stress – indicating that demand from local water users is at risk of exceeding supply. Regions with high water stress in 2030 include locations in the Chinese Mainland (Beijing, Shanghai, and Chengdu). Hong Kong will also experience increasing water stress. The findings from the water risk analysis will contribute to the development of our water replenishment strategy.

Swire Coca-Cola evaluates site-specific water risks, including water quality and availability, for each bottling plant using The Coca-Cola Company’s guidelines on Source Vulnerability Assessments (SVAs). Following SVAs, plants prepare water management plans (WMPs). SVAs and WMPs provide detailed evaluations of site-specific risks, such as potential adjustments to water prices or damage to local water supply infrastructure, and also include mitigation measures. They are reviewed at least every five years. In 2025, Swire Coca-Cola achieved its target for all its manufacturing sites to have third-party validated SVAs and WMPs.

100% of Swire Coca-Cola's manufacturing sites have Source Vulnerability Assessments and Water Management Plans validated by external water experts

We monitor our water use to identify opportunities to adopt more efficient processes, repair leaks, install water flow regulators and use technologies that use less or no freshwater. Going beyond our direct operations, we seek to positively influence the behaviour of our suppliers, customers, and other water users in our local communities.

Swire Coca-Cola upgrades equipment, adopts new water-saving or water-less technologies and fixes leaks to reduce freshwater demand of its facilities. It has installed water sub-meters at all of its bottling plants in the Chinese Mainland. While Swire Coca-Cola does not have direct control of its co-packers’ operations, they contribute to the overall water footprint of the beverages it sells. It engages strategic co-packers on water issues. In 2024, Its Shanghai Shenmei Jinqiao plant achieved a Platinum certification from the Alliance for Water Stewardship (AWS) International Sustainable Water Management Standard, reflecting its commitment to water resource management. It is the first plant in the Coca-Cola China system to obtain this highest designation.

Swire Coca-Cola's Shenmei Jinqiao plant in Shanghai received the Alliance for Water Stewardship Platinum Certification

Swire Properties uses water meters, water flow regulators, automatic taps, automatic flush toilets and water-free urinals at various locations. It also encourages tenants to adopt guidelines on the use of fresh and flushing water and support compliance with the Hong Kong government’s voluntary “Quality Water Supply Scheme for Buildings”. Smart water meters were installed for office tenants throughout its premises. It has also launched a tenant portal through which tenants can track and manage their water consumption. A series of water saving workshops were organised in 2025 to inspire behavioural change.

HAECO Hong Kong has commenced a water consumption audit to understand its actual water distribution profile within the premises. The audit aims to identify water saving opportunities and help HAECO Hong Kong to achieve its 2030 water intensity target. At HAECO Xiamen, the wastewater treatment process is optimised to improve reclaimed water production efficiency. This is expected to enhance the use of recycled water and reduce freshwater consumption by 1,200 tonnes annually.

Pollution affects the quality of local water sources, so it is important to ensure that water is discharged safely in compliance with local regulations.

Swire Coca-Cola treats wastewater onsite before it is discharged at all of its bottling plants in the Chinese Mainland, Hong Kong, Taiwan, Vietnam and Cambodia. All of Swire Coca-Cola’s bottling plants comply with local water quality regulations and are required to follow the wastewater management requirements of The Coca-Cola Company. Performance is monitored. In the Chinese Mainland, an online monitoring system is used to track wastewater compliance.

Where necessary, Swire Coca-Cola bottling plants and companies in the HAECO group have onsite wastewater treatment facilities. For example, HAECO Xiamen uses heavy metal monitoring equipment and detectors to check effluents before discharge.

Our operating companies have made steady progress and are actively making investments to further reduce freshwater consumption. The Water Working Group will focus on enhancing data collection and monitoring of our water data. We will continue to explore water replenishment partnership opportunities in locations where we operate.