Swire Properties | Sustainability Performance

SBTi targets and commitments

Target details

Overall Net-Zero Target: Swire Properties Limited commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Swire Properties Limited commits to reduce scope 1, 2 and 3 in-use operational GHG emissions of owned and leased buildings, covering downstream leased assets, 75.7% per m² by 2034 from a 2022 base year.* Swire Properties Limited also commits to reduce upfront embodied scope 3 GHG emissions of new buildings, covering capital goods, 69.5% per m² within the same timeframe. Swire Properties Limited further commits to reduce absolute scope 3 GHG emissions from fuel and energy related activities 35% within the same timeframe.* Swire Properties Limited further commits to reduce scope 3 GHG emissions from use of sold products 63.8% per m² of sold buildings within the same timeframe. Swire Properties Limited finally commits to install no new fossil fuel equipment that are owned or financially controlled by the company in its buildings portfolios from January 1, 2030. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. Long-Term Targets: Swire Properties Limited commits to reduce scope 1, 2, and 3 in-use operational GHG emissions of owned and leased buildings, covering downstream leased assets, 98.8% per m² by 2050 from a 2022 base year.* Swire Properties Limited also commits to reduce upfront embodied scope 3 GHG emissions of new buildings, covering capital goods, 98.5% per m² within the same timeframe. Swire Properties Limited further commits to reduce all other absolute scope 3 GHG emissions 90% within the same timeframe.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks.