We align our internal SD strategy with the Swire parent group's Sustainability Strategy: SwireTHRIVE, which aims to mitigate operational risks and build long-term resilience by driving higher standards, greater efficiency, and increased innovation in key areas.
Swire Group refreshed the SwireTHRIVE strategy for Sustainable Development in 2020. The new SwireTHRIVE 2.0 has been expanded to include environmental and social topics which are important to the Group.
The strategy was launched during the Swire Sustainable Development Forum in November 2020 and was endorsed by Chairman of Swire Pacific Limited, Merlin Swire.
The refreshed strategy focuses on delivering ambitious targets on each of the five topics of Climate, Waste, Water, People and Communities.
Delivering this new SwireTHRIVE mission will require setting of hard targets, and a laser-like determination to deliver them. This calls for robust data collection and transparent and regular reporting.
SPO's SD Strategy (SPOTHRIVE) has three pillars, which are:
Our SD strategy is aligned with the relevant UN Sustainable Development Goals (SDGs) that the Company considers most important to our stakeholders.
We have aligned SPO's material issues to demonstrate the linkages between them. We report on how our organisational goals and actions contribute to helping achieve the wider sustainability agenda.
Our progress against these commitments and relevant SDGs is detailed here (SDGs and with Links to SPOTHRIVE strategy and Material Issues with progress). Risks and Opportunities along SPO's Value Chain are presented here.
SPO's SD strategy will be amended in 2021 and we will report against it in our next SD report.
Chairman, Swire Pacific Limited
Swire Pacific Sustainability Report 2020
Above: Photo by Vlad Hilitanu on Unsplash