Swire Resources Limited
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environment
- Health & Safety
- Employees
- Business Partners
- Community
Environmental Achievements
- 3.27% reduction in electricity efficiency in retail stores compared to the previous year
- 17.88% reduction in office energy intensity
- 8.59% decrease in shopping bag consumption (1601 bags)
- Successful 'Me2You' program preventing over 1000 items from landfills
- Swapped Styrofoam packing peanuts with a water-soluble starch alternative
- Received first runner-up in the Best Green Practice in Shops (Retail Sector) in the Hong Kong Green Shop Alliance Award 2021
Social Achievements
- Launched family-friendly work from home policy
- Organized online workshops on mental stress management
- Collaborated with NGOs on online festive workshops for immigrant families and charity events
- Launched 'College Connect Program' for VTC students
- Introduced 14-week paid parental leave for primary caregiver and 4-week paid leave for secondary caregiver
- Employee Engagement and Diversity & Inclusion Pulse Survey showed an overall average score rising from 73% (2016) to 85% (2021), with survey coverage increasing from 24% to 65%
Governance Achievements
- Re-organized Health & Safety Committee with dedicated senior leadership
- Updated Occupational Health & Safety Policy
- Established a Safety Management System for core retail operations
- All 58 factories signed up to the company's code of conduct
Climate Goals & Targets
Short-term Goals:
- Reduce GHG emissions from direct operations (scope 1 and 2) by 14% from a 2019 baseline
Environmental Challenges
- COVID-19 pandemic impact on business operations and community engagement
- Product write-offs leading to solid waste disposal
- Maintaining Lost Time Injury Rate despite increased rate in 2021 compared to 2020
Mitigation Strategies
- Adjusted business model to focus on local consumption and digital channel development
- Implemented risk management measures (shortened operation hours, hybrid work mode, vaccination encouragement program)
- Organized 'Me2You' program to reuse write-off goods
- Implemented enhanced recycling services in office and warehouse
- Launched Safety Management System with monthly safety reviews and safety committee meetings
Supply Chain Management
Supplier Audits: 58 factories performed self-audit and third-party audit
Responsible Procurement
- Code of conduct signed by all 58 factories
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI G4 Sustainability Reporting Guidelines
Awards & Recognition
- First runner-up of the Best Green Practice in Shops (Retail Sector) in the Hong Kong Green Shop Alliance Award 2021