Swire Pacific
Company Details
- Company Name
- Swire Pacific Limited
- No. of Employees
- Over 70,000 (worldwide) (2007)
- Revenue
- HK$46,755 million (direct economic value generated) (2007)
- Sector
- Diversified
- Country
- Hong Kong SAR
Emissions Details
- Scope 1 Emissions
- 5,992,855 tonnes attributable to Swire Pacific’s equity interests in its Group Companies (2007)
- Scope 2 Emissions
- 285,037 tonnes attributable to Swire Pacific’s equity interests in its Group Companies (2007)
Notes on Emissions
- Burning fossil fuels accounted for 5,985,347 tonnes, and refrigerants accounted for 7,508 tonnes of Scope 1 emissions respectively.
- Purchased electricity accounted for virtually all Scope 2 emissions.
Actions taken by other Group companies to improve their energy efficiency and to reduce the carbon intensity of their operations are provided in individual company reports. Please refer to page 38, Appendix 2 of the Swire Pacific's Sustainable Development Report 2007.
Emissions have been verified
Hong Kong Productivity Council
Climate Change Strategy Details
Swire Pacific's response to climate change is part of its Sustainable Development Policy.
More than 99.8% of the Group's greenhouse gas emissions derive from energy use. Its work to reduce emissions is therefore focused on reducing the energy intensity of its operations.
Each company is developing energy and carbon intensity metrics to provide a focus for ongoing work to improve energy efficiency and reduce the carbon intensity of their operations.
Swire Pacific, and its quoted associates Cathay Pacific Airways and Hong Kong Aircraft Engineering Company publicly responded to the Carbon Disclosure Project (CDP) questionnaire giving details of their greenhouse gas emissions for 2007 and the actions they are taking to minimise future emissions. This exercise has also been carried by each company within the Group as an internal exercise. The Group is committed to continuing to respond to the CDP questionnaire.
Targets
Swire Pacific has an ongoing exercise for each of its operations to look at what is "Best in Class" on carbon emissions intensity and by implication energy efficiency for its industries.Virtually all the Group's direct energy consumption comes from fossil fuels. Its consumption is dominated by its transport businesses with airlines accounting for 93% of its energy consumption and shipping a further 5.7%:
The Group's airlines, led by Cathay Pacific Airways, have a long-term programme to improve fuel efficiency by modernizing their fleets, stringent weight management and operational efficiency drives.
Swire Pacific Offshore, which accounts for 97% of the Marine Services division's emissions, is targeting to reduce its emissions by 10% per vessel by 2010.
