Swire Pacific Ltd

Swire Pacific, as a normal business activity, will lobby government entities either directly or through trade associations to promote policies that encourage business and achieve workable legislation. All our public policy work must meet the ethical standards set out in our Code of Conduct and (where relevant) reflect our public sustainability commitments.

Operating companies are encouraged to seek technical assistance from the Sustainable Development Office and the Climate Change Working Group. [...] This policy has been endorsed by the Group Risk Management Committee (GRMC), which is delegated with the responsibility to provide oversight of the Group's risks through the setting of risk management policies and strategies by the Swire Pacific Board.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The Board is ultimately accountable for sustainable development strategy and performance at Cathay Pacific. It is supported in its duties by three governance bodies that steer the Group's approach in sustainability matters under the leadership of the Chairman. They are the Sustainable Development Committee (SDC), Sustainable Development Steering Group (SDSG), and the Climate Actions Steering Group (CASG). The CASG has been set up to strengthen our governance in climate change mitigation. It is tasked with ensuring that the Group's approved climate change strategy, targets, and commitment are executed as planned.
- Cathay Pacific was the first airline investor in Sustainable Aviation Fuel (SAF) manufacturer Fulcrum BioEnergy back in 2014. Cathay Pacific has also committed to buying 1.1 million tonnes of SAF over a 10-year period, enough to cover 2% of our operations. The use of SAF can reduce life cycle carbon emissions by up to 80%. In 2021, we committed to using SAF for 10% of Cathay Pacific's jet fuel consumption by 2030. We also signed an agreement with Aemetis, a renewable fuel supplier headquartered in the United States, together with oneworld Alliance members for the joint purchase of more than 350 million gallons of blended SAF.
- Cathay Pacific constantly renews its fleet as each new-generation aircraft can improve fuel efficiency by up to 25%. From 2017 to 2021, Cathay Pacific has taken delivery of 43 brand new
Airbus A350 aircraft. The Group has ordered 53 new aircraft for delivery in the coming years.
- Cathay Pacific was the first Asian carrier to introduce a voluntary carbon-offset programme. In 2021, a total of 27,280 tonnes of carbon emission produced by our operations were offset by the programme. To date, we have purchased over 300,000 tonnes of CO2 offsets.
- Cathay Pacific has also committed to reducing our ground emissions as a Group by 32% by 2030 and 55% by 2035, from the 2018 baseline.Our 2035 target formed part of our pledge signed in 2021 with Hong Kong International Airport, which underscored our commitment to net ero operations by 2050. This is in line with the science-based target to limit global warming to 1.5°C compared to pre-industrial levels.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes