Swire Pacific sets net zero carbon emissions target by 2050

The company wants to reduce by 50% its greenhouse gas emissions by 2030.

Swire Pacific has set its targets in line with its commitment to achieve net zero carbon emission, water neutrality and zero waste to landfill by 2050.

The company plans to reduce its greenhouse gas emissions from direct operations by half by 2030. This will exclude Cathay Pacific’s jet fuel.

Moreover, it aims to reduce water withdrawal from a 2018 frozen efficiency baseline by 27% and manage 55% of waste diverted from landfill by 2030.

For 2024, the company wants to raise the inclusion of women in senior management roles by 30%.

"Avoiding the worst impacts of climate change requires the world to reach net zero carbon emissions by 2050,” Mark Watson, Group Head of Sustainability, said in a statement.

“At Swire Pacific, we have aligned our ambition with the agreed climate science.”

This is also consistent with Swire Pacific’s commitment in attaining the 1.5°C goal of the Paris Agreement.

These form part of Swire Pacific’s SwireTHRIVE 2.0 that was built on its 2016 environmental strategy SwireTHRIVE.

It will cover five key areas: Climate, Waste, Water, People and Communities.