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 1.
As a developer, owner and operator of mixed-use properties, Swire Properties Limited (the “Company”) is committed to managing climate change risks across its operations and developing strategies in line with global best practices to mitigate the impact of climate change on its operations, to adapt its operations to climate change and to increase its resilience to climate change.  
 2.
It is the policy of the Company to:

Mitigation 
 (a) reduce its carbon footprint through the establishment and implementation of long-term carbon emissions reduction targets;  
 (b) adopt industry best practices to improve energy efficiency across its operations – from development of green buildings to energy and carbon management of its buildings;
 (c) increase the use of renewable energy in its buildings through on-site energy generation, purchase of renewable energy supplied externally and other methods where applicable;
 (d) communicate with its employees, suppliers, tenants and other customers to encourage them to reduce carbon emissions in their daily operations wherever practicable;
 (e) incorporate climate change considerations in its procurement process and encourage the use of low carbon and energy efficient products and materials;

Adaptation
(f) assess climate change risks and opportunities and enhance its understanding of the impact of climate change on its operations, including any associated financial risks and opportunities; 
(g)  put in place appropriate processes and measures to prevent or minimise the damage that climate change may cause to the Company’s existing property developments and to take advantage of the opportunities that may arise;
(h)  continue to improve the design of buildings to prevent or minimise the damage that climate change may cause to the Company’s new development projects;

Resilience
 (i) address climate change risks as part of its corporate risk management process; 
 (j) have in place an appropriate crisis management plan in response to more frequent extreme weather events due to climate change;
 (k) ensure that relevant information and resources are available for building adaptive capacity for monitoring climate change impact on its operations and carbon management objectives and targets;
 (l) communicate with those with whom the Company works, including employees, suppliers, tenants, other customers and local communities, regarding climate change impacts and the Company’s climate change strategies in order to help improve their resilience against future climate change; and
 (m) disclose to the public its climate-related risks and how these risks are managed.

 3.
The Company will review this Climate Change Policy from time to time as appropriate, and in any event, once every three years.








Sustainable Development Reports