Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced direct non-renewable energy by 16% in Tea Estates Sri Lanka
• Finlay Flowers reduced total energy use by 35% since 2013 despite a 25% production increase.
• FEI reduced energy consumption per production tonne by 20% since 2013 with a 120% increase in production.
• Reduced James Finlay Kenya total water use by 23% despite a 27% increase in production.
• Finlays Extracts and Ingredients water intensity decreased by 10% since 2015.
• 73% of total waste generated was diverted from landfill (60% over target).
• Beverages operations in the UK remained on zero waste to landfill for the third year running.
• Exceeded Scope 1 emissions target by 18%.

Social Achievements

• Village empowerment program in Sri Lanka: renaming of 64 housing units as "Wasanthapuram", promoting independence and ownership.
• Increased representation of women at all levels in James Finlay (Kenya) Limited from 28% in 2014 to 31%.
• Appointment of Mrs. Catherine Kivai as the first female Finance Director in James Finlay (Kenya) Limited.
• Distributed US$1,454,127 in Fairtrade premiums to coffee farmers.
• Various community investments through Fairtrade premiums (crèche in Brazil, micro-saving program in Nicaragua, playground in Vietnam, etc.).
• Implemented a number of education programs aimed at increasing the number of women in technology-based jobs.

Governance Achievements

• Improved Occupational Health and Safety (OHS) reporting, leading to a more accurate representation of statistics.
• Developed a five-year OHS Zero Harm strategy.
• Established a cross-functional business team in Kenyan operations to define a clear energy strategy.

Climate Goals & Targets

Environmental Challenges

• Slow progress in achieving gender balance in James Finlay (Kenya) Limited.
• Declining black tea sales and oversupply of packers in the UK packing business.
• Market weakness in tea extracts in China due to economic slowdown.
• Deforestation of the Mau Forest in Kenya impacting water resources and agricultural conditions.
• Drought conditions in Sri Lanka affecting business operations.
• Continued pressure from declining black tea sales and oversupply of packers in the UK.

Mitigation Strategies

• Addressing socialisation, education, and business strategy changes to achieve gender equality.
• Announced plans to restructure the packing operation in the UK.
• Working with local stakeholders on the Integrated Sustainable Landscapes Project (ISLA) in Kenya to address deforestation.
• Implementing water efficiency actions in Kenya.
• Installing a grid-connected photovoltaic solar power system in Sri Lanka to reduce reliance on grid energy.

Supply Chain Management

Responsible Procurement

• Supporting smallholder farmers
• Providing training and expertise

Climate-Related Risks & Opportunities

Physical Risks

• Drought
• Deforestation

Transition Risks

• Changing climate and weather conditions

Opportunities

• Renewable energy development

Reporting Standards

Frameworks Used: GRI-G4 Guidelines – Core

Certifications: ISO 14001 (printer)

UN Sustainable Development Goals

• Goal 5 (Gender equality)
• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)

Environmental Metrics

ESG Focus Areas

• Water Stewardship
• Carbon Emissions
• Packaging and Waste Management
• Gender Equality
• Safety
• Community Engagement
• Product Choice and Labelling
• Procurement and Sourcing

Environmental Achievements

• Formed a partnership to develop Hong Kong’s first PET and HDPE recycling facility.
• Recycled 886.4 million liters of water in the manufacturing process across all four markets.
• Overall Water Use Ratio of 1.74 across all four markets.
• Reduced absolute diesel consumption by 8.6% in Hong Kong through route review and truck upgrades.
• Completed installation of a photovoltaic system at the Luquan bottling plant, generating 1.2 million kWh of electricity.
• Converted oil-fired and biomass boilers to natural gas at several bottling plants.

Social Achievements

• Increased the proportion of female Sales Representatives in Mainland China.
• Conducted a gender pay gap analysis across all markets.
• Provided “Unconscious Gender Bias Training” in Mainland China and Taiwan.
• Launched the “Art Machine” campaign in Hong Kong, supporting schools and NGOs.
• Supported the Coca-Cola Hope School and Little Red House projects in Mainland China.
• Participated in the Anti-bullying Campaign in Taiwan.

Governance Achievements

• Established a Gender Equality Steering Committee.
• Developed policies on packaging waste aligned with The Coca-Cola Company’s commitments.
• Aligned primary packaging goals with TCCC’s World Without Waste initiative.
• Implemented the Total Product Management (TPM) System across operations.

Climate Goals & Targets

Environmental Challenges

• High water risk in many operating locations.
• High proportion of CDE using harmful refrigerants.
• Limited recycling infrastructure and collection rates for post-consumer packaging.
• Lack of verifiable waste collection data in Mainland China.
• Increasing GHG emissions due to business growth.
• High Lost Time Injury Rates in Hong Kong and Taiwan.
• Three fatalities in 2018.

Mitigation Strategies

• Implemented water-saving technologies in bottling plants.
• Launched an Environmental Policy outlining commitments to responsible water use.
• Developed a white paper, “Vision for a Sustainable CDE Future,” to address CDE challenges.
• Partnered with ALBA and Baguio to operate a plastic recycling facility in Hong Kong.
• Engaged with local recyclers in Mainland China.
• Implemented Safety Awareness Programmes in Mainland China and the U.S.
• Introduced Pristine Condition in the U.S. to reduce ergonomic injuries.
• Launched a Two-wheel Defensive Driving Safety Training Programme in Mainland China.

Supply Chain Management

Supplier Audits: Major suppliers undergo third-party audits.

Responsible Procurement

• Follows TCCC’s Suppliers Guiding Principles (SGP) and Swire Pacific’s Supplier Corporate Social Responsibility Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks

• Abnormal weather patterns

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 9001, ISO 14001, ISO/FSSC 22000, OHSAS 18001

Third-party Assurance: Deloitte

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Coca-Cola Plus, Sprite Plus, Authentic Tea House

Awards & Recognition

• Numerous awards and recognitions listed in the report.

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• People
• Communities

Environmental Achievements

• Reduced CO2 emissions by 47,146 tCO2e through fuel efficiency improvements resulting in USD 6 million in fuel savings.
• Swire Bulk reduced single-use plastic water bottle consumption by 70%.
• Swire Shipping reduced single-use plastic water bottle consumption by 50% on several vessels, with two vessels using none for six months.
• Shipped out around 616.3 tonnes of low-value recyclable waste through the Moana Taka Partnership.

Social Achievements

• 79% increase in female officers (from 19 to 34) among seagoing employees.
• 927 seagoing employees received 22,000 hours of training (more than double the previous year).
• Overall employee retention was 87.6% for shore-based and 89.7% for seagoing employees.
• Launched the “Say No to Single-Use Plastic” campaign in offices.

Governance Achievements

• Achieved Silver-level recognition from EcoVadis.
• Established a dedicated Diversity & Inclusion Manager position.
• Implemented Safety Delta™ program for crew safety diagnosis.

Climate Goals & Targets

Environmental Challenges

• Global trade volatility due to trade disputes.
• Eight Lost Time Injuries (LTIs) throughout the year.
• Expectation of “facilitation payments” in some ports.
• Low number of female seafarers.

Mitigation Strategies

• Continued work with Green-Jakobsen on enhancing safety approach.
• Implemented Safety Delta™ program.
• Worked to eliminate facilitation payments.
• Increased efforts to promote gender balance through D&I initiatives and partnerships.

Supply Chain Management

Supplier Audits: 10 suppliers assessed

Responsible Procurement

• Supplier Code of Conduct
• Sustainable Procurement Policy
• Due diligence process for subcontractors and manning agents

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core, ISO 26000:2015

Third-party Assurance: Copeland & Partners Limited

UN Sustainable Development Goals

• SDG 1
• SDG 3
• SDG 7
• SDG 8
• SDG 10
• SDG 12
• SDG 13
• SDG 14
• SDG 15

Initiatives contribute to these goals through various programs and partnerships.

Awards & Recognition

• Blue Circle Awards
• Eco-Business’s A-List (Simon Bennett)

Environmental Metrics

ESG Focus Areas

• Safety
• Our People
• Our Partners
• Our Environment
• Governance

Environmental Achievements

• Reduced CO2 emissions by 8.3% year-on-year despite a 4.55% increase in the number of vessels.
• Achieved significant reductions in Single-Use Plastic Water Bottles (SUPWBs) consumption: Swire Bulk fleet reduced by 41.58% y-o-y, Swire Shipping fleet reduced by 99.59% y-o-y.
• USD 6.2 million in fuel savings and reduction of 38,446 tonnes of CO2 emissions through fleet fuel efficiency improvements.
• Installed 28,000 environmentally friendly LED tubes on ~40 vessels, expected to reduce CO2 emissions by 10,000 tonnes within five years.
• Successfully recycled four vessels with zero injuries and zero pollution incidents.
• Won the Environmental Innovation Award in the Seatrade Maritime Awards 2020 for the Moana Taka Partnership.

Social Achievements

• Introduced virtual global townhall meetings for shore-based and seagoing employees.
• Supported the project Delivering on seafarers’ rights, run by the Sustainable Shipping Initiative (SSI) and the Institute for Human Rights and Business (IHRB).
• Signed the Neptune Declaration on Seafarer Wellbeing and Crew Change.
• Partnered with Befrienders Worldwide to offer emotional support for employees.
• Made philanthropic donations to assist communities fight the COVID-19 pandemic.
• Continued support of the Family Support Centre in Honiara, Solomon Islands.
• Awarded a grant to Eastern Highland Family Voice (EHFV) for child protection.
• Supported Mahonia Na Dari (Guardian of the Sea) in Papua New Guinea.

Governance Achievements

• Implemented an online Corporate Governance System (CGS).
• No significant spills or releases to the environment.
• No significant corruption cases or fines and sanctions.
• No reported incidents of modern slavery.
• Introduced a Modern Slavery Policy.
• Introduced a Carriage of Coal Cargoes Policy with internal targets to phase out thermal coal carriage.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic disrupting supply chains and crew changes.
• Difficulty facilitating crew changes due to travel restrictions.
• Expectations for “facilitation payments” in some ports.
• Limited focus on reducing carbon emissions from fossil fuels (as perceived by employees).
• Management of single-use plastic needing improvement (as perceived by employees).

Mitigation Strategies

• Increased internet bandwidth on vessels.
• Implemented Contactless Port Call protocol.
• Provided cash advances to seafarers stranded at home.
• Held regular video conferences focusing on crew wellbeing.
• Signed the Neptune Declaration on Seafarer Wellbeing and Crew Change.
• Continued efforts to eliminate facilitation payments.
• Addressing employee concerns regarding carbon emissions and single-use plastics in future plans.

Supply Chain Management

Supplier Audits: 10 new suppliers assessed in 2020; wider program planned for future.

Responsible Procurement

• Supplier Code of Conduct
• Supply Chain Sustainability questionnaire
• Risk-based approach to supplier assessment.

Climate-Related Risks & Opportunities

Physical Risks

• More energetic weather systems
• Damage to coral reefs
• Changes in food production and trade routes
• Sea level rise

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards: Core option, ISO 26000:2010

Third-party Assurance: Copeland & Partners Limited

UN Sustainable Development Goals

• SDG 3 (Good Health and Well-being)
• SDG 5 (Gender Equality)
• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 10 (Reduced Inequalities)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)
• SDG 14 (Life Below Water)
• SDG 15 (Life on Land)
• SDG 17 (Partnerships for the Goals)

Initiatives contribute to these goals through various programs and partnerships.

Sustainable Products & Innovation

• Project Cerulean (sail-assisted cargo ship)

Awards & Recognition

• Environmental Innovation Award (Seatrade Maritime Awards 2020)
• Outstanding Contribution to Search and Rescue Efforts Award (2019)

Environmental Metrics

ESG Focus Areas

• Safety
• Climate Change
• Sustainability in operations
• Biodiversity
• Our people
• Community

Environmental Achievements

• Reduced single-use plastics usage by 43 million pieces from the 2018 baseline.
• Served over 22 tonnes of certified sustainable seafood (around 40% of total seafood purchased).
• Reduced ground emissions by 663 MWh (245 tonnes CO2e).
• Offset 27,280 tonnes of carbon emissions through Fly Greener program.
• Achieved a 20% drop in CO2 emissions from 2020 to 2021 (further impacted by COVID-19).

Social Achievements

• Delivered over 165 million vaccine doses globally.
• Donated over 300,000 meals to local charities.
• Upgraded Work Your Way program for flexible work schedules.
• Launched several policies addressing employee needs (vaccination leave, grievance policy).
• Committed to increasing female representation at senior positions to 30% by 2025.

Governance Achievements

• Completed IATA operational safety audit.
• Conducted climate risk scenario planning workshop.
• Updated Sustainable Food Policy and Supply Chain Sustainability Code of Conduct.
• Over 8,500 employees undertook anti-bribery training (85% completion rate).

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on operations and travel demand.
• Supply chain disruptions.
• High cost of Sustainable Aviation Fuel (SAF).
• Uncertainty around future climate regulations and their impact.
• Potential for reduced demand due to aviation's environmental impact.

Mitigation Strategies

• Developed a dedicated vaccine delivery solution.
• Implemented flexible working arrangements and support programs for employees.
• Partnered with oneworld airlines for joint SAF procurement.
• Conducted climate risk scenario planning.
• Highlighed strong climate change response as a competitive advantage.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supply Chain Sustainability Code of Conduct (CoC); supplier scorecard (CISQAS); environmentally preferable products; collaboration with suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, floods); rising sea levels; increased turbulence.

Transition Risks

• Reduced demand for air travel due to environmental concerns; increased operating costs from regulations (CORSIA, EU ETS); high cost of SAF; failure to meet climate targets.

Opportunities

• Competitive advantage from strong climate change response; attracting climate-conscious customers and partners.

Reporting Standards

Frameworks Used: GRI Standards, HKEX ESG Reporting Guide, TCFD recommendations

Certifications: IOSA, CEIV Pharma, CEIV Live Animals, ISO 14001:2015 (Cathay City & Cathay House), ISO 45001:2018 (Vogue Laundry)

Third-party Assurance: Deloitte

UN Sustainable Development Goals

• SDG 5 (Gender Equality)
• SDG 8 (Decent Work and Economic Growth)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)
• SDG 14 (Life Below Water)
• SDG 15 (Life On Land)

Initiatives mapped to SDGs throughout the report.

Sustainable Products & Innovation

• Plant-based inflight meals; recycled plastic blankets; paper snack bags; reusable cutlery; metal cutlery trial; sustainable palm oil; recycled materials in lounges.

Awards & Recognition

• Hang Seng Corporate Sustainability Benchmark Index; FTSE4Good Index; Caring Company Award; IDC Future Enterprise Awards; Asia Cargo News Best Air Cargo Carrier Award; Skytrax awards.

Environmental Metrics

ESG Focus Areas

• People
• Water
• Communities
• Waste
• Climate

Environmental Achievements

• Commenced operating independently to focus on offering integrated maintenance and service solutions to the renewables sector.
• Initiated a policy to regionalize various areas of the business and adopt a local content approach to reduce air travel.

Social Achievements

• Implemented a new performance appraisal scheme for office staff focusing on personal and professional development.
• Introduced a ‘Going the Extra Mile’ Awareness Scheme, recognizing employees who exceed expectations.
• Developed a competency matrix, pay ranges, and employment contracts for technicians.

Governance Achievements

• Provided all Senior Managers with compliance training covering Anti-Bribery and Anti-Corruption; Conflicts of Interest; Global Competition Law.
• Refreshed the whistleblowing scheme to encourage reporting of improprieties.

Climate Goals & Targets

Environmental Challenges

• Increase in recordable injuries in 2022 compared to 2021.
• Challenges in improving H&S performance in customer projects due to split roles and responsibilities.
• Significant increase in GHG emissions in 2022 due to the addition of marine services.
• Business travel, specifically air travel, is a significant contributor to overall emissions.

Mitigation Strategies

• Increased site presence and visibility in manpower services.
• Focus on using the most carbon-efficient vessels, cars, and other transportation.
• Recruiting senior commercial marine personnel.
• Reviewing the vehicle fleet to transition to electric power.
• Limiting air travel to revenue-generating activities and essential trips.
• Regionalizing the business and adopting a local content approach.
• Selecting airlines based on carbon offsetting schemes or using separate carbon offsetting schemes.

Supply Chain Management

Responsible Procurement

• Sustainable Procurement Policy and Supplier Code of Conduct (to be introduced in 2023)

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 8: Decent Work and Economic Growth
• Goal 10: Reduced Inequalities
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action

Environmental Metrics

ESG Focus Areas

• Thriving Environment
• Thriving People
• Thriving Partners

Environmental Achievements

• 21.82% year-on-year reduction of Single-Use Plastic Water Bottles on vessels
• 9.5% of electricity consumed in offices came from renewable sources
• 10,984 metric tonnes of fuel savings, avoiding 34,611 tCO2 emissions
• 100% Compliance with the Port of Long Beach’s Green Flag Programme
• Sapphire Award for the fifth consecutive year under the Blue Whales and Blue Skies Programme

Social Achievements

• 969 hours of employee volunteering
• Launched All Aboard Alliance’s Diversity@Sea programme pilot
• 20.8% female senior managers (as of 31st December 2023)
• 5.2% female seafarers (as of 31st December 2023)
• 100% of employees completed governance compliance training programme

Governance Achievements

• Established framework for identifying critical suppliers
• Executive Leaders all had at least one ESG SMART Goal
• Zero sanctions or fines for corruption

Climate Goals & Targets

Environmental Challenges

• Geopolitical conflicts and weather-related phenomena causing disruptions to global trade routes
• Ongoing crisis in the Red Sea impacting seafarer safety
• Estimating Scope 3 emissions based on spend data
• Limited supply and higher costs of sustainable biofuels

Mitigation Strategies

• Decarbonisation roadmap with a goal of 50% reduction in carbon intensity by 2030 and net zero by 2050
• Improved data collection of Scope 3 emissions via more accurate reporting from suppliers
• Engaging with suppliers on driving decarbonisation within the supply chain
• Developing carbon abatement programme (Green Voyages) using sustainable biofuels
• Engaging with alternative fuel producers and technology companies

Supply Chain Management

Supplier Audits: Annual audits of manning agencies; 48% of new supplier contracts assessed against social criteria in 2023

Responsible Procurement

• Supplier Code of Conduct, assessment of new supplier contracts against social criteria

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards (Universal Standards 2021)

UN Sustainable Development Goals

• SDG 3, 5, 8, 10, 12, 13, 14, 16, 17

Awards & Recognition

• EcoVadis Silver Medal (2022)