We have made reduction of greenhouse gas (GHG) emissions from human activities our priority in tackling climate change. Various activities we have taken to address the problem include the following:

The Swire Pacific Climate Change Task Force completed a GHG Emission Study in 2006 to identify the major emission sources from our operations, as well as the potential business risks and respective mitigation options.  The Study provided us with valuable guidance in formulating a GHG management strategy.

Tackling climate change requires reliable facts and figures to support strategy development and to monitor progress to meet our targets.

In 2006, we took a major step in revamping our EHS database, which includes GHG emission monitoring and reporting.  Clear definition and methods for data collection and verification were established.  A new energy database was also set up for more detailed analysis.

Both databases capture important data of direct¹ and indirect² GHG emissions from our activities.  This data allows us to track our GHG emissions and develop specific mitigation plans.

As a Swire Pacific initiative, we are, together with other Swire group companies, in the process of denoting our carbon footprint using 2006 data, and intend to publicise our emissions performance in 2007 through the Carbon Disclosure Project – a global initiative that aims to inform investors of the risks and opportunities presented by climate change.