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Issue 03 / 2021
Moving in a digital world
Technology-fuelled
logistics services
Soaper Hero
A double life as legal counsel
and social enterprise boss
“Believe in Hong Kong”
Exhibition
Celebrating a 150-year journey
Issue 03 / 2021
1
contents
CORPORATE NEWSWIRE
Moving in a digital world
Technology-fuelled
logistics services
Soaper Hero
A double life as legal counsel
and social enterprise boss
Board appointment
ISSUE 03 / 2021 “Believe in Hong Kong”
Exhibition
Celebrating a 150-year journey Xu Ying has been appointed Independent
Non-Executive Director of Swire Pacific Limited
with effect from 25th August 2021. Ms Xu, aged
57, is the president of Wumei Technology Group,
the holding company of a leading online and
offline retailing group in the Chinese Mainland.
She joined this group in 2004 and from 2010 was
president and an executive director of Wumart
Stores, Inc.
Senior management appointment
Cathay Pacific Cargo’s Ultra Track solution is just one example of how
Swire companies are using digital technology to address customer needs WesTech Engineering
and grow their businesses. More on page 22. Greg Holt has been appointed Chief Executive Officer.
01 22 27 29 30 SwireTHRIVE 2.0
Swire Pacific’s 2020 Sustainable Development Report
has outlined a refreshed and expanded sustainable
Beyond 2030, Swire Pacific will continue to reduce its
carbon emissions to achieve net zero by 2050. This level
NEWSWIRE CENTRE STAGE INSIDER PEOPLE 150TH development strategy, reflecting the need for increased of ambition is in line with the 1.5°C goal of the Paris
ANNIVERSARY ambition and action from the global business Agreement and supports national and local decarbonisation
IN HK community to help address some of the world’s most commitments. The company has also set targets to
pressing challenges. The latest iteration of SwireTHRIVE achieve water neutrality and zero waste to landfill by
builds on the company’s 2016 environmental strategy 2050. Swire continues to actively promote diversity and
and covers five priority areas: Climate (decarbonisation inclusion in the workplace and wider community.
Editor and resilience), Waste, Water, People (diversity and
Cindy Cheung inclusion and health and safety), and Communities.
The strategy is underpinned by targets to reduce carbon, Swire Pacific’s 2020 Sustainable
water and waste, and to strengthen diversity and Development Report can be found at:
Deputy Editor
Charlotte Bleasdale inclusion. As a group, Swire Pacific commits to achieving https://www.swirepacific.com/
the following targets by 2030: sdreport/2020
The Swire group is a multinational, multi-disciplined commercial group, with its principal areas of
operations in the Asia Pacific region, and centred on the Greater China area. Hong Kong is home to
publicly quoted Swire Pacific, whose core businesses are grouped under five operating divisions: Design I Production
Format Ltd. • 50% reduction in greenhouse gas emissions from
property, aviation, beverages, marine services, and trading & industrial. John Swire & Sons Limited,
headquartered in the UK, is the parent company of the group. In addition to its controlling direct operations (excluding Cathay Pacific’s jet fuel) The latest sustainability reports from
shareholding in Swire Pacific, John Swire & Sons Limited operates a range of wholly-owned from a 2018 base year. other Swire group companies can be
businesses, including deep-sea shipping, cold storage, offshore and road transport logistics services, viewed at:
waste to energy, mining services, and beverage ingredients with main areas of operation in Australia,
Papua New Guinea, East Africa, Sri Lanka, the USA and the UK. • 27% reduction in water withdrawal from a 2018 frozen https://www.swire.com/en/
efficiency baseline. sustainability/sd_overview.php#sd_
reports
is published in Hong Kong, by the Swire Group Public Affairs Department. • 55% waste diverted from landfill.
To view the digital version, please go to www.swire.com/swirenews
• 30% women in senior management roles by 2024.
Copyright©2021
ISSUE 03 / 2021 ISSUE 03 / 2021
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NEWSWIRE CORPORATE CORPORATE NEWSWIRE
2021 Interim Results
Swire Pacific Limited Swire Properties Limited
COVID-19 continues to make the business Six months ended Swire Properties recorded an increase in attributable Six months ended
environment very difficult, but our businesses have 30th June underlying profit from HK$3,753 million to HK$4,513 30th June
proven themselves to be resilient. After making HK$M Change million in the first half of 2021, which principally HK$M Change
losses in 2020, Swire Pacific made a recurring reflected the sale of car parking spaces in Hong Kong Revenue 9,068 +38%
Revenue 46,738 +20%
underlying profit of HK$786 million in the first half of earlier in the year.
2021, compared with a loss of HK$123 million in the (Loss)/profit attributable to the Profit attributable to the Company’s
same period last year. Contributing factors included Company’s shareholders Recurring underlying profit was HK$3,716 million shareholders
a significant increase in profits at Swire Coca-Cola, As reported (792) -90% in the first half of 2021, compared with HK$3,702 Underlying 4,513 +20%
a strong performance from the Property Division in million in the first half of 2020. This primarily Recurring underlying 3,716 0%
Underlying profit/(loss) 1,256 N/A
the Chinese Mainland and reduced losses from reflected higher retail rental income resulting from
Cathay Pacific. The first interim dividends for 2021 Recurring underlying profit/(loss) 786 N/A strong retail sales in the Chinese Mainland and HK$ Change
are HK$1.00 per ‘A’ share and HK$0.20 per ‘B’ share, HK$ Change reduced losses in the Company’s hotel business, Earnings per share
an increase of 43% over the first half dividends (Loss)/earnings per share largely offset by lower retail rental income in Underlying 0.77 +20%
in 2020. Hong Kong and the loss of rental income from the Recurring underlying 0.64 0%
Underlying
Cityplaza One office tower.
Commenting on the future of the Company, Merlin ‘A’ share 0.84 First interim dividend per share 0.31 +3%
N/A
Swire, outgoing Chairman of Swire Pacific said, ‘B’ share 0.17 In Hong Kong, Swire Properties’ office portfolio
“We are focusing on delivering our corporate HK$ Change remained resilient, despite the weak market, with “Our fundamentals remain strong and our
strategy, are well positioned for a recovery and have First interim dividends per share
high occupancies and stable rents. The Company saw business continues on a sound financial footing.
strong growth opportunities in Greater China. some recovery in retail sales in Hong Kong, reflecting Our successful placemaking strategy continues to
‘A’ share 1.00 greater local consumption. However, the overall underpin everything we do. We are sharply focused
+43%
“We expect Swire Properties to continue to perform ‘B’ share 0.20 market remains challenging. on growing our portfolio, and the initiatives taken
well, particularly in executing its placemaking over the past few years have paved the way for
strategy in the Chinese Mainland. We have European windfarm installation business. These Swire Properties’ Chinese Mainland malls delivered future growth. We remain deeply committed to the
announced exciting new property projects there, disposals will help us to concentrate on three core excellent results, with a strong growth in retail sales, Hong Kong and Chinese Mainland markets while
including a joint venture to revitalise the historic divisions, Property, Beverages and Aviation, all deeply robust occupancy and high footfall, reflecting strong looking for new opportunities that fit with our
Zhangyuan shikumen compound in the Jing’an embedded in Greater China. We see a bright future local demand. The Company recorded an impressive business strategy,” said Merlin Swire, outgoing
District in Shanghai, and a cooperation with for all of them, despite current problems in the 38% year-on-year increase in attributable gross Chairman of Swire Properties.
municipal authorities in Beijing in relation to the Aviation division. We are, in addition, determined to rental income generated by its Chinese Mainland
transformation into a cultural and commercial build a significant business in healthcare services.” malls in the first half of the year.
landmark of a site adjacent to our Taikoo Li Sanlitun
development. Swire Coca-Cola’s strong performance Despite COVID-19, Swire Properties achieved
is expected to continue. We will continue to invest in strong residential sales in the first half of the year.
healthcare. We are focused on the repositioning of In Hong Kong, 26 out of 37 units were sold in the
our aviation business, and whilst the short-term EIGHT STAR STREET development. All units in the
outlook is poor, Cathay Pacific has significant liquidity EDEN development in Singapore have been sold, as
and targets cash burn of less than HK$1 billion per have most of the remaining units at Reach and Rise
month for the remainder of 2021. It will be leaner in Miami. Results from the Company’s Swire Hotels
and more efficient when the recovery comes. arm also improved in the first half of 2021, due to
better performances in the Chinese Mainland and the
“Consistent with our strategy, we continue to shape USA. In the USA, retail sales are recovering strongly
our portfolio by reducing our exposure to non-core from the adverse effects of COVID-19.
businesses. This started with significant disposals in
the Trading & Industrial Division. This year, we have The Board declared a first interim dividend of
down-sized our Marine Services Division. We agreed HK$0.31 per share, representing a 3% increase from
to dispose of our interest in the HUD group and the first interim dividend paid in 2020.
reduced further the size of Swire Pacific Offshore’s
fleet. We have also reduced our interest in its
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NEWSWIRE CORPORATE CORPORATE I PROPERTY NEWSWIRE
Meeting in Fujian
Cathay Pacific Airways Limited In June, Zhang Zhuoping, Chairman of
John Swire & Sons (China), led a
COVID-19 continued to pose significant challenges Six months ended delegation to Fujian, where
for the Cathay Group in the first half of 2021 and this 30th June representatives from HAECO Xiamen,
continues to be the toughest period in our history. HK$M Change Swire Coca-Cola, and Cathay Pacific
The emergence of new virus variants led to the attended a meeting and luncheon
Revenue 15,854 -42.7%
tightening of travel restrictions and quarantine hosted by Vice Governor Guo
requirements in Hong Kong and several of our Loss attributable to the shareholders (7,565) -23.3% Ningning. Ms Guo expressed her
key markets. HK cents Change appreciation for Swire’s investments
Loss per ordinary share (122.1) -46.5% in the province to date and said that
The Cathay Group’s attributable loss was HK$7,565 the government looked forward to
HK$ Change
million in the first half of 2021 (2020 first half: loss further cooperation with the group.
of HK$9,865 million). Cathay Pacific’s loss after tax Dividend per ordinary share – –
was HK$5,031 million in the first half of 2021
(2020 first half: loss of HK$7,361 million), and the Cargo performance was limited by capacity Zhang Zhuoping, Chairman of John Swire & Sons (China) Limited
meets Vice Governor of Fujian, Ms Guo Ningning.
share of losses from subsidiaries and associates restrictions resulting from crew quarantine
was HK$2,534 million (2020 first half: loss of requirements and lower cargo capacity as a result of
HK$2,504 million). fewer passenger aircraft being flown. Available cargo
tonne kilometres (“AFTK”) decreased by 31.9%. Total
The loss for the first half of 2021 includes tonnage decreased by 17.7% to 549 thousand tonnes. Jing’an Zhangyuan urban regeneration
impairment and related charges of HK$500 million Revenues were HK$11,112 million, a decrease of project
mainly relating to 11 aircraft that are unlikely to 0.6% compared to the first half of 2020. Revenues Swire Properties and Shanghai Jing’an Real Estate floor area (above ground) of approximately 60,000
re-enter meaningful economic service before they were strong considering the circumstances, Group have formed a 60:40 joint venture management square metres, the project will include the creation of
retire or are returned to lessors and HK$403 million sustained by cargo yield increases of 24.4% to company to collaborate in the revitalisation of high-end office space, unique residential apartments,
restructuring costs. This compares to impairment HK$3.37 and record load factors of 81.4% (2020 first Shanghai’s Zhangyuan district. The project aims a boutique hotel and a wide variety of exciting retail
and related charges for 16 aircraft (HK$1,242 million) half: 69.3%). to transform the area into a unique international and dining options. The underground area of more
and certain airline service subsidiaries’ assets cultural and commercial destination in the heart of than 70,000 square metres will connect to three
(HK$1,223 million) in the first half of 2020. the city. Metro lines (2, 12 and 13) at Nanjing Road West
station, enabling seamless access from nearby
Passenger revenue was severely affected by Zhangyuan sits on four parcels of land in the Nanjing communities and neighbourhoods.
COVID-19-related travel restrictions and quarantine Road West area and is currently owned by Shanghai
requirements. It decreased by 92.8% to HK$745 Jing’an Urban Renewal Construction Development
million in the first half of 2021 compared with the Co., Limited, a subsidiary of Jing’an Real Estate
first half of 2020. Revenue passenger kilometres Group. With a rich history dating back to the 1870s,
(“RPK”) decreased by 95.8%. Passenger capacity when it was first developed as an area of garden
decreased by 85.0%. We carried 157 thousand villas, Zhangyuan later came under the ownership of
passengers in the first half, an average of 868 entrepreneur Zhang Shuhe who turned it into Located in the
passengers per day, 96.4% fewer than in the same a popular entertainment district, attracting the public Nanjing Road West
area, Zhangyuan
period in 2020. The load factor was 18.9%, compared for exhibitions, Chinese opera, magic shows, dining, provides a valuable
with 67.3% in the first half of 2020. and socialising. Today, the area comprises 43 snapshot of Shanghai’s
rich architectural
shikumen blocks of around 170 historic buildings in heritage.
28 different styles. It is the largest, best preserved,
and most architecturally diverse shikumen compound
in Shanghai, with a wide variety of styles, ranging
from garden villas with Western elements, to
shikumen with traditional Chinese interiors.
This document may contain forward-looking statements that reflect the Company’s beliefs, plans or expectations about the future or future events. These forward-looking statements are based on
a number of assumptions, estimates and projections, and are therefore subject to inherent risks, uncertainties and other factors beyond the Company’s control. The actual results or outcomes of
events may differ materially and/or adversely due to a number of factors, including the effects of COVID-19, changes in the economies and industries in which the Group operates (in particular in Hong The two companies aim to revitalise Zhangyuan into
Kong and the Chinese Mainland), macro-economic and geopolitical uncertainties, changes in the competitive environment, foreign exchange rates, interest rates and commodity prices, and the Group’s a vibrant lifestyle hub, by restoring and preserving
ability to identify and manage risks to which it is subject. Nothing contained in these forward-looking statements is, or shall be, relied upon as any assurance or representation as to the future or as
a representation or warranty otherwise. Neither the Company nor its directors, officers, employees, agents, affiliates, advisers or representatives assume any responsibility to update these
the shikumen houses, and also making full use of the
forward-looking statements or to adapt them to future events or developments or to provide supplemental information in relation thereto or to correct any inaccuracies. area below ground level. With an expected gross
ISSUE 03 / 2021 ISSUE 03 / 2021
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NEWSWIRE PROPERTY PROPERTY NEWSWIRE
Swire Properties supports new museum
Swire Properties is supporting Shanghai’s new Swire Properties and Lujiazui Group are poised to
Museum of Art Pudong (“MAP”), as Principal Patron. open a new retail development, Taikoo Li Qiantan,
The 40,000-square-metre public art museum, in the heart of the Qiantan International Business
designed by renowned French architect and Pritzker District in Pudong. Also known as “The New Bund”,
Prize winner Jean Nouvel, and developed by this area is set to become one of the city’s landmarks
Shanghai Lujiazui Group, is set to become a new for arts and culture, entertainment, business,
cultural landmark on the historic waterfront at residential, sports and leisure activities.
Pudong. MAP opened to the public in July with
exhibitions staged by Tate Britain, Chinese fireworks Swire
artist Cai Guoqiang and Spain’s Fundació Joan Miró. Properties
is now Principal
Patron of the new
Tate Britain will offer professional guidance to assist Museum of Art
Senior representatives from MAP to become a world-class museum, holding Pudong in
the Beijing Chaoyang District Shanghai.
Government, Beijing Public exhibitions there over the next three years. The first
Transport Corporation and exhibition, “Light: Works from Tate’s Collection”,
Swire Properties at the
signing ceremony in August. will run until 14th November and will feature more
than 100 pieces, including renowned works such as
Further development of Sanlitun Business Claude Monet’s “The Seine at Port-Villez”, John Martin’s
Circle “The Destruction of Pompeii and Herculaneum”,
Swire Properties has signed a framework The initiative will transform the BPTC site into an and Sir John Everett Millais’ “Ophelia” – one of the
cooperation agreement with the Chaoyang District international consumer hub for “first” and flagship Tate’s best-loved paintings. It will also feature
Government and Beijing Public Transport Corporation retail stores, as well as a cultural precinct. “We are contemporary works by artists such as Dan Flavin,
(“BPTC”) to transform a BPTC maintenance plant into honoured to be participating in the long-term James Turrell, Anish Kapoor, Tacita Dean, Olafur
a new cultural and commercial destination. The site development of Chaoyang District and excited to have Eliasson, Bridget Riley and Yayoi Kusama.
is located just to the north of Swire Properties’ Taikoo this opportunity to play our role in contributing to the
Li Sanlitun development at Xindong Road in the government’s vision for the development of Cultural
Chaoyang district of Beijing, and the company will Sanlitun,” said Tim Blackburn, Swire Properties’
collaborate in the planning, design, positioning, Chief Executive.
operational and management aspects of the project, Another Swire Properties development
drawing on its expertise in urban regeneration and achieves “net zero carbon”
creative approach to transformational placemaking. Taikoo Hui Guangzhou, Swire Properties’ flagship This milestone will allow Swire Properties to reduce
development in the Greater Bay Area, is now Taikoo Hui Guangzhou’s annual CO2 emissions by
powered by 100% renewable electricity. The over 12,000 tonnes and increase its mix of renewable
company is one of the first real estate developers in electricity on the Chinese Mainland to over 37%.
Swire Properties engages tenants in Guangdong Province to accomplish “net zero carbon” “This is a significant achievement and a highlight
sustainability challenge in its annual electricity consumption for landlord and for Taikoo Hui Guangzhou’s 10th anniversary
Swire Properties has partnered with Spare-it, Participating teams are advised on optimising the tenants’ operations. With effect from 1st July, the celebrations this year,” said Tim Blackburn, Swire
a Boston-based cleantech start-up, to introduce a design and layout of waste bins in their offices. entire development, including the premium shopping Properties’ Chief Executive. “Our work at Taikoo Hui
Smart Waste Reduction Pilot Programme, engaging Individual desk-side bins are replaced with mall, two Grade-A office towers and the Mandarin Guangzhou and across the Chinese Mainland, will
office tenants and its own staff in a challenge to centralised collection and sorting stations fitted with Oriental Hotel, has been powered by electricity contribute to the Central Government’s pledge to
reduce waste generated in the workplace. “Tenants smart scales to collect waste disposal data. Digital generated via off-site wind power or purchased achieve carbon neutrality before 2060.”
and building users account for about 90% of the dashboards enable teams to monitor and benchmark from a third party. This was possible due to a new
waste generated in our portfolios,” says Elizabeth their waste reduction progress in real time against policy introduced by the Guangdong Provincial In January 2020, Sino-Ocean Taikoo Li Chengdu
Kok, Director & Senior Advisor of Swire Properties. fellow participants – helping them visualise the Government in June, which allows businesses to became the company’s first retail mall on the
The six-month programme involves 15 teams drawn cumulative impact of their current disposal habits procure renewable electricity from a registered Chinese Mainland to be powered by 100% renewable
from tenants in seven of Swire Properties’ office and meet collective waste reduction goals. Regular energy provider. electricity, and the adjoining Swire Hotels’ The
towers in Hong Kong, as well as its own offices. forums are conducted to encourage teams to share Temple House achieved net zero for electricity
The programme is supported by the Swire Pacific ideas and overcome challenges collaboratively. consumption in January this year.
Sustainable Development Fund.
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NEWSWIRE PROPERTY AVIATION NEWSWIRE
Places Impact Report on Taikoo Li Sanlitun Life elevated
Swire Properties and Tsinghua University’s School of Cathay Pacific has launched a new premium travel Kong, while Cathay Pacific will continue to be the
Architecture have jointly published a Places Impact HK Phil musicians lifestyle brand in Hong Kong. “Cathay” aims to global brand. Over time, the airline aims to expand
Report, “The Creative Transformation of Taikoo Li performing the 1.5°C combine the best elements of travel and everyday the “Cathay” premium travel lifestyle brand to
theme song at Taikoo
Sanlitun”, which assesses the positive impact that Park, Quarry Bay. lifestyle, with a range of offers in spending, dining, other markets.
Swire Properties’ placemaking and place-keeping shopping, hotels, and wellness. By bringing
efforts have had on the neighbourhood and together Cathay Pacific, Marco Polo Club
surrounding area over the past 12 years. Designed as and Asia Miles, “Cathay” will simplify the
a low-density, open-plan retail complex, Taikoo Li way customers earn status and use
Sanlitun has become one of the capital’s most miles and make a wider range of
sought-after leisure and business hubs since its products and services available to them.
opening in 2008.
The first of these offers – a new
The Places Impact Report is a key initiative of “Cathay” co-branded credit card and an
Swire Properties’ Sustainable Development (SD) upgraded Cathay app combining
2030 Strategy and follows on from the first Impact one-stop dining and digital payments –
Report on Taikoo Place in Hong Kong, published last have been launched in Hong Kong,
year. It applies the “Places Impact Framework” and a refreshed customer relationship
exploring the four dimensions of place – Vibrancy, programme will follow soon. Initially,
Livelihood, Wellbeing and Resilience – to assess the “Cathay” will only be available in Hong
qualities of Taikoo Li Sanlitun, how they have
changed over time, and how they compare to other
commercial complexes in the city. These qualities All in to fight climate change
include investment in hardware, such as infrastructure Following the launch of its “Sustainability We The world’s most enjoyable short-haul experience
and public spaces, as well as software, such as All Count” campaign in 2020, Swire Properties
engagement with local government, the local has introduced the second phase of the
The single-aisle A321neo has 202 seats, including
community and social initiatives. In addition to the campaign under the theme “Fighting Climate
12 in Business Class and 190 in Economy Class, and
spatial, economic and environmental perspectives, Change, We’re All In” to spread the word
is the first aircraft to feature Cathay Pacific’s newly
a key element of the report is the “people” indicator amongst its staff, tenants, stakeholders and the
designed Regional Business Class seat product.
which illustrates how Taikoo Li Sanlitun is being used wider public about the importance of reducing
This next-generation, hard-shell recliner seat
and experienced and highlights the connections carbon emissions.
provides a cocoon-like environment, with divider
people build with the place. screens for maximum privacy. Economy Class seats
The latest campaign reinforces the company’s
will also feature a generous recline, comfortable
commitment to the Business Ambition for 1.5°C
seat cushions and new adjustable headrests, while
campaign, which aims to help limit global
extra-large overhead storage bins in all cabins
warming to 1.5°C through a new and more
provide space for 60% more carry-on luggage.
aggressive set of science-based targets that
are in line with the Paris Agreement goals and
With the A321neo, Cathay Pacific is the first airline in
the quest to achieve net-zero emissions by
the world to provide 4K ultra-high-definition personal
2050. Swire Properties is the first real estate The new
Regional TV screens, a 4K video-on-demand experience as
developer in Hong Kong and the Chinese Business well as Bluetooth audio streaming (being introduced
Mainland to endorse this commitment. Class seat.
progressively) across all cabins. With high-speed
Wi-Fi on board (also being introduced progressively),
To encourage staff and stakeholders to show
customers can catch up on emails or stay in touch
their commitment to the 1.5°C goal by “wearing
Cathay Pacific’s state-of-the-art Airbus A321neo with friends and family.
their hearts on their sleeves”, Swire Properties
aircraft entered commercial service on 4th August,
has produced a 1.5°C pin giveaway, and to
with its inaugural flight from Hong Kong to Shanghai In addition to superior comfort levels, the new A321neos
maximise impact, the company has also
CT Ma, General Manager, Taikoo Li Sanlitun (second from the left), (Pudong). Cathay Pacific has taken delivery of four are also more efficient, delivering a 22% reduction in
created a 1.5°C theme song and music video,
introduces the Places Impact Report, during the 2021 A321neos; two more will arrive before the end of this CO2 emissions on a per-seat basis, when compared to
China Commercial Real Estate Community Impact Forum. performed by a young a capella group and the
year and a total of 16 A321neos will be deployed on the previous A321 aircraft. They are also quieter, with
Hong Kong Philharmonic Orchestra.
regional routes by the end of 2023. an almost 15% reduction in the level of noise generated.
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NEWSWIRE AVIATION BEVERAGES & FOOD CHAIN NEWSWIRE
Vector Light Bonaqua® launches greener packaging
HAECO Cabin Solutions has obtained FAA Technical Swire Coca-Cola HK (“SCCHK”) has unveiled
Standard Order (TSO) certification for its Vector a refreshing new look for leading mineralized
Light, the latest member of the Vector seating water brand, Bonaqua®, with an expanded
family, which sets new benchmarks in terms of product range and more sustainable packaging
weight and comfort. The Vector Light weighs choices designed to inspire consumers to
just 7.9kg per fully-equipped passenger seat. embrace greener lifestyles. Bonaqua® has
The lightweight seat is optimised for single-aisle switched to clear plastic bottles to enhance
aircraft, with the option of recliner or fixed-recline recyclability and water bottle labels now carry
versions. clearer information about material components,
to ensure appropriate recycling. SCCHK is also
Matching comprehensive ergonomic design with producing its first label-less bottles for Bonaqua®
a patent pending primary structure and advanced which aid efficient recycling, by eliminating one
materials such as titanium and flexible, slotted, packaging material. Providing Hong Kong
Ultra Track launches worldwide body-contouring carbon fibre, this “design-forward” consumers with a new taste, new look and
Cathay Pacific Cargo is introducing Ultra Track seat offers industry-leading living space at a greener concept in one package, Bonaqua®
to its network, with a phased introduction at a narrow pitch. Building on HAECO’s reputation has also ventured out of the still category for
29 ports across the globe. The multidimensional for high-quality cabin products that maximise the first time, launching a lightly sparkling
Ultra Track system uses Bluetooth technology to passenger comfort and exceed reliability mineralized water that is available in aluminium
offer Cathay Pacific Cargo customers near standards, the Vector Light also helps to reduce cans, to provide consumers with yet another
real-time monitoring of shipments through the airline operating costs, by reducing aircraft recycling option.
airport-to-airport leg of the air-cargo journey. operating empty weight. The company expects to
begin delivering the new product to customers in
Ultra Track is suitable for pharmaceutical, the fourth quarter of this year.
perishable and other vulnerable shipments. Swire Coca-Cola launches new
Data-loggers record and transmit information to The new
digital production lines
The new digital
Bluetooth readers in the cargo terminal and on Vector Light Swire Coca-Cola has continued to production line at
seat.
the airside ramp area. Data includes GPS location ramp up investment and the Swire Coca-Cola’s
Jiangsu plant.
and temperature, and depending on the type of digitalisation of its businesses on the
shipment, can be expanded to include light, Chinese Mainland. Two new production
humidity (for example, for cut-flower shipments), lines came on stream at its facilities
and also vibration; this is important for sensitive, at Jiangsu and Xiamen in late May.
specialist cargo such as stepper machines, the Both production lines are fully
printing presses for microchips. digitalised and equipped with
advanced technology, enabling them
While customers can monitor their own to collect real-time data during
shipments, shipments are also monitored 24/7 by production, and undertake dynamic,
Cathay Pacific Cargo’s OCC (Operations Control multidimensional data analysis in
Centre), a dedicated team of cargo professionals terms of efficiency, energy consumption,
who are able to instruct ramp and cargo terminal safety, quality, and error forecasting;
staff to make proactive or corrective interventions, this data can be accessed in real time
if necessary. Customers can communicate with from any location and at any time,
the OCC team directly, using live chat. (More on using a mobile app. Each production
page 22.) line can produce up to 15 bottles per
second and 54,000 bottles per hour,
with a maximum production capacity
of nearly 1.3 million bottles of soft
drinks a day; total investment exceeds
RMB 250 million.
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NEWSWIRE BEVERAGES & FOOD CHAIN MARINE SERVICES NEWSWIRE
Here comes the sun Offshore wind sector investments
United States Cold Storage (“USCS”) is installing or Swire Energy Services has recently made two new
expanding solar arrays at three of its California facilities, strategic investments in the renewables sector, with
in a move that will dramatically reduce its carbon the acquisition of Danish offshore wind services
footprint at those locations by 2022. The new projects company, ALL NRG, and a majority stake in
involve its warehouses at McClellan (Sacramento), Portuguese wind technology company, BladeInsight.
Fresno, and Tulare.
ALL NRG has built up a strong reputation in the
USCS McClellan will install a microgrid generating an offshore wind service market, with a presence in
estimated 2.4 million KWh per year. This could reduce Denmark, Germany, Poland, the Netherlands,
the facility’s Scope 2 carbon footprint by around 34% the UK and Asia. The company specialises in
and eliminate 1.2 million lbs of carbon dioxide per year. providing technicians, project and full-service
USCS Tulare’s Phase 3 solar array expansion will contracts for the construction and operations phase
generate an additional 3.1 million KWh per year and of offshore wind farms. Its current customer base ALL NRG management – including CEO, Manfred Vonlanthen (fourth
eliminate 1.5 million lbs of CO2, helping Tulare reduce its includes major turbine manufacturers such as from left) and VP Offshore Wind, Sabine Weth (second from right) –
total Scope 2 carbon footprint by 46.4%. The three Siemens Gamesa Renewable Energy and Vestas, celebrate the acquisition.
phases combined will generate approximately 77.7% of as well as owners/operators like Ørsted, Vattenfall,
electricity consumption. Meanwhile, USCS Fresno plans and RWE. Brazil, and the US, and the technology has so far
to install solar panels across a 19-acre site to generate an Solar array at
been used to inspect over 20,000 blades.
estimated 13.2 million KWh per year. This could reduce USCS’s Tulare BladeInsight specialises in wind turbine blade
79% of its Scope 2 carbon footprint and eliminate 6.5 North’s facility. maintenance, combining autonomous turbine blade The combination of ALL NRG’s competence and
million lbs of carbon dioxide per year and a projected 79 inspection using drones and robotics, with advanced market position with the technology and analytical
million lbs of CO2 over the technology’s 25-year lifespan. analytics to reduce the need for manual inspections. capabilities of BladeInsight will enable Swire Energy
Through its licensees, BladeInsight currently services Services to offer innovative, sustainable, and
the wind markets in Portugal, Spain, Central Europe, cost-efficient services to the renewables sector.
Major investment for Finlays
Europe
Finlays is already a Finlays is to build a coffee extraction
major player in cold
brew coffee in the US and facility at Hull in the UK, on the same Electric forklifts
Asia, and is now site as its existing tea decaffeination Swire Energy Services (“SES”) has recently replaced
venturing into the
European market. plant. Finlays is already a global its UK diesel-powered forklift truck fleet with electric
player in the cold brew coffee market, forklifts. Replacing the diesel fleet removes the
with a major stake in the US and equivalent of 250 tonnes of CO2 from the atmosphere
a growing share in Asia. The US cold annually and makes a significant contribution to
brew coffee market has seen achieving the 2019-2021 target to reduce emissions
phenomenal growth over the last by 27% within SES’ journey to net-zero by 2030. The
decade and the European market is project is a great example of the Swire Sustainability
forecast to see similar expansion Fund supporting the reduction of Scope 1 emissions
from US$80 million in 2020 to through investment in technology.
around US$350 million by 2027 –
a compound annual growth rate of Electric forklifts have been used for lighter
over 20%. Ian Bryson, Commercial applications for several years, but only recently have
Swire Energy
Director of Finlays Europe, says: Services’ newly machines been developed that are suitable for SES’
“Finlays is ideally placed to help procured fleet of heavy lift requirements. The new fleet also boasts
ten electric forklift
European brand owners capitalise on trucks. state-of-the-art safety features that restrict access to
this opportunity. Not only does it have approved drivers only, alert pedestrians with vibrating
over 111 years of experience in coffee proximity sensors and hazard lights; provide visual
roasting and grinding, it has also and audio assistance to drivers with 360-degree
recently made a major investment in cameras and hazard alerts and maintain a record of
a new coffee roaster.” vehicle driving history and pre-use checks.
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14 15
NEWSWIRE MARINE SERVICES I TRADING & INDUSTRIAL TRADING & INDUSTRIAL NEWSWIRE
Swire Shipping takes positive action against Wuquan Volkswagen grand
climate change opening
Swire Shipping is giving its support to a proposal to implementing further technical and operational Taikoo Motors unveiled its flagship Taikoo Motors’
flagship Wuquan
establish a universal mandatory greenhouse gas levy measures, offsetting any outstanding Scope 1 and 2 Wuquan Volkswagen dealership in dealership.
on international shipping. The proposal has been emissions, and will be launching a “Sail Greener” April, marking the occasion with
submitted by the Republic of the Marshall Islands programme later this year, through which it will offer a presentation to unveil the new
and the Solomon Islands to the International Swire Shipping clients the opportunity to offset Volkswagen “People First and Digital
Maritime Organisation (IMO), the UN agency that carbon emissions on a voluntary basis. First” branding. The dealership has
regulates the safety, security and environmental enhanced customer facilities such as
impact of international shipping. Swire Shipping is a partner in Project Cerulean, a lounge, and children’s playroom, as
which will build the first of a new class of low- well as a streamlined car showroom,
Swire Shipping serves the many communities in the carbon, low-cost, sail-assisted inter-island cargo and is the first store to feature the
Pacific that are directly impacted by global warming. vessels to serve communities in the Pacific that lack new Volkswagen signature design,
It is implementing measures to reduce its own cargo handling infrastructure. The pilot vessel is providing more colour, warmth,
greenhouse gas footprint to net zero before 2050. expected to go into service next year. and light, to enhance customers’
“With many communities at risk of disappearing we experience. Taikoo Motors has been
must drive change,” said James Woodrow, Managing a leading Volkswagen retailer for
Photo credit: Initial Design © VPLP Project Cerulean prototype
Director of The China Navigation Company, Swire more than 20 years.
Shipping’s parent company. “Whilst we have already
invested US$650 million over the last seven years
to renew our fleet to be more carbon efficient,
ultimately we will not be able to sufficiently reduce Welcome back to double silver Olympian
our contribution to global warming until a Siobhán Haughey
sustainable alternative – low or zero carbon fuel – In August, Swire Resources hosted homecoming On the following afternoon, Siobhán met the public at
becomes technically and financially viable”. events for Hong Kong swimmer Siobhán Haughey, a welcome session held in Pacific Place and was
arena Swimming International’s Elite Team member, mobbed by dozens of young swimmers, who were
Swire Shipping is looking into options with the who won two silver medals at the Tokyo 2020 thrilled to meet the double silver medalist, ask her
longer-term aim of developing a low or zero carbon Swire Shipping is Olympics. The first event was a reception at The advice on training techniques, and get her autograph.
fleet, starting by at least 2030, using sustainable funding Project Upper House, where Siobhán shared her memorable A special surprise for Siobhán, was a guest
alternatives such as green ammonia, biofuel, Cerulean to promote
low-carbon shipping experiences and reflected on her Olympic journey appearance by her former coach, Michael Fasching,
hydrogen or methanol, once safety, scalability, in the Pacific. with guests who included Swire group management who first introduced her to the world of competitive
technological and training issues have been and the arena team. She also expressed her gratitude swimming.
mitigated. In the meantime, the company will be to Swire Resources for their continuing support for
local athletes and sport, as well as to arena for their
ongoing sponsorship of her swimming apparel.
Volvo Construction Equipment
Taikoo Motors Group has established a new
business, Volvo Construction Equipment
(“VCE”), which will exclusively import and
market large construction and earthmoving
equipment manufactured by leading
international brands, Volvo and SDLG. VCE will
expand on Taikoo Motors’ existing Volvo Truck
product-line and will set new standards in
construction safety by introducing innovative
new machinery to the market, such as the
Volvo EC750DL professional excavator,
which boasts a reach of 33 metres.
Siobhán shows her silver medal to youngsters. Swire Resources Managing Director, Janis Tam, presents a souvenir,
including two swimsuits designed by Siobhán.
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16 17
NEWSWIRE AWARDS & RECOGNITIONS IN THE COMMUNITY NEWSWIRE
Equal Opportunity Employer
Photo credit: Adrian Fu
Swire Pacific was one of 14 corporations in Hong Kong
to receive an Equal Opportunity Employer Gold Award
in the Equal Opportunities Commission’s (“EOC”)
annual recognition scheme, announced in May.
The company was recognised for its stance on gender,
diverse abilities, family status and race. The award
recognises Swire’s efforts in promoting diversity and
inclusion in the workplace, and also highlights the
company’s market leadership, in using its influence to
create positive impact in the Hong Kong community.
John Swire & Sons (H.K.), Cathay Pacific, HAECO,
Swire Coca-Cola and Swire Properties were also Olivia Wong, Group Head of Diversity & Inclusion, receives the award
from Mr Erick Tsang Kwok-wai, Secretary for Constitutional and The Orchestra Academy Hong Kong selects
recognised as two-year charter signatories to the Mainland Affairs (left) and Mr Ricky Chu Man-kin, Chairperson of the candidates
Racial Diversity & Inclusion Charter for Employers Equal Opportunities Commission.
The Orchestra Academy Hong Kong (“TOA”) is a the professional life of members of an orchestra.
drawn up by the EOC. This year, Swire Trust is
co-project of the Hong Kong Philharmonic Orchestra The Young Pro Platform offers a versatile
partnering with the Zubin Foundation in their inclusion. This progress would not have been
(“HK Phil”) and The Hong Kong Academy for season-long programme of full ensemble concerts
Emerging Talent Internship Project to provide ethnic possible without the collective support of all
Performing Arts (“HKAPA”), supported by the Swire with Philharmonia APA and a series of chamber
minority university students with corporate exposure operating companies within Swire Pacific, and the
Trust’s TrustTomorrow initiative. TOA, which aims to concerts. Students will be required to take an
that will give them confidence to pursue their career group as a whole will continue to demonstrate its
provide professional training for HKAPA music active role in curating specially designed concert
aspirations. HAECO has also established the first commitment to building a diverse and inclusive
graduates, and facilitate their career development in programmes, and during their audition, the
employee resources group focusing on racial work environment.
the orchestral field, recently announced that 16 players were asked to perform works from both
candidates have been selected for its Fellowship the classical and non-classical/contemporary
Programme and Young Pro Platform. repertoire. TOA Fellows and players will also have
the opportunity to “pay it forward” through skilled
RICS Awards China 2021 InnoESG Prize 2021 In the Fellowship Programme, the six Fellows will volunteering, allowing them to spend time teaching
Swire Coca-Cola HK has been recognised for innovation, undergo training with the HK Phil in its 2021/22 young people, as well as playing music to
as well as its impact and influence on society, through its season, performing a wide-ranging symphonic underprivileged groups. TrustTomorrow has pledged
development of sustainable beverage packaging in Hong repertoire. Each Fellow will be paired with a HK Phil funding of approximately HK$9 million over three
Kong. The company has won the InnoESG Prize 2021, musician as mentor, so they can gain insights into years to support TOA.
co-awarded by UNESCO HK Association Glocal Peace Centre,
SocietyNext Foundation and Rotary Action Group for Peace.
Mark Wang,
General
Swire Coca-Cola HK is continually enhancing packaging
Manager, INDIGO
Adding colour to Sunnyside School
(right) receives the design to reduce materials such as plastic and enhance
awards on behalf In June, a group of volunteers from different Swire operating
of Swire recyclability, as well as finding ways to provide more
companies helped paint a mural in the garden of Haven of Hope
Properties. refillable options and recover post-consumer packaging
Sunnyside School – a TrustTomorrow volunteering event
for recycling. Its mineralized water brand, Bonaqua®,
organised by the Swire Trust. The mural, referencing the Old
is recognised as the most sustainable and innovative
Testament story of Daniel in the lions’ den, which was requested
option on the market.
Swire Properties has received two awards at by the school, was a collaboration with ADAM, a social enterprise
the 2021 RICS Awards China for its retail-led, established by Arts with the Disabled Association Hong Kong.
mixed-use developments in Beijing. INDIGO The Haven of Hope Sunnyside School provides education for
won the “Facility Management Team of the children who are severely intellectually disabled and is a
Year” category, while Taikoo Li Sanlitun Suzanne long-term beneficiary of Cathay Pacific’s Sunnyside Club.
was commended for excellence in the Cheung, Head
“Sustainability Achievement of the Year” of Sustainability, In addition to giving long-term pleasure to the children and
Swire Coca- The nine
category. The awards are sponsored by the Cola HK (left), artistic adding vibrancy to the school’s garden area, the mural painting
Royal Institution of Chartered Surveyors (RICS), receives the volunteers event was a great opportunity for people of different abilities to
InnoESG Prize from Swire.
the leading global professional body in land, 2021. collaborate – and for the Swire volunteers to show off their
real estate, infrastructure and construction. artistic talent.
ISSUE 03 / 2021 ISSUE 03 / 202118 19
NEWSWIRE IN THE COMMUNITY IN THE COMMUNITY NEWSWIRE
My Construction Hero
The Swire Properties Community Ambassador
team recently launched a new youth-engagement
project designed to inspire the next generation of
“place-makers” by teaching 50 little Ambassadors
about what Swire Properties does best.
At the launch of Finlays
Community Trust (left
The children were able to watch construction to right): Dr Hillary
work underway at Two Taikoo Place from the Barchok, Governor of
Bomet County, Simeon
64th floor of One Island East and learned about Hutchinson, Managing
the HK$15 billion Taikoo Place redevelopment Director of James
Finlay Kenya, Rt Rev
project; they also played on-site Environment, Alfred Rotich, Chairman
Health, and Safety-themed games. The aim was of Finlays Community
Trust, Simon Chelugui,
to teach them about the importance of creating Cabinet Secretary for
vibrant, sustainable communities where people the Ministry of Labour
and Social Protection,
will want to work, live and play. At the end of the and Professor Paul
programme, the young participants created Kiprono Chepkwony,
Governor of Kericho
thank-cards for their “Construction Heroes”. County.
Swire Coca-Cola supports flood relief
On 20th July, floodwater submerged the city of Finlays Community Trust
Zhengzhou, in China’s central Henan province. James Finlay Kenya, Finlays’ Kenyan tea growing James Finlay Kenya has invested significantly
A year’s worth of rain poured down on the city operation, has recently launched the Finlays over many decades in welfare, infrastructure,
streets over three days, affecting millions of Community Trust, an independent charity that aims conservation of the environment, sustainable energy,
residents. Swire Coca-Cola Zhengzhou’s plant was to nurture sustainable growth and empower local and education for local communities through
also seriously flooded. To ensure the safety of its communities. To ensure the community has an equal a wide array of projects. Simeon Hutchinson,
more than 2,000 employees, the power supply was voice in deciding how funding is allocated to different Managing Director of James Finlay Kenya, says:
shut off, and production temporarily suspended, projects, in order to achieve the greatest impact, the “This launch marks a new chapter in Finlays’ social,
during the storm. Trust has been structured to include three Trustees environmental, and economic commitment to
nominated by the local community, and three Kericho and Bomet Counties.”
In addition to looking after its own employees, Trustees nominated by Finlays – overseen by an
Swire Coca-Cola Zhengzhou also responded swiftly independent Chair.
to carry out disaster relief operations, teaming up
with Coca-Cola China to activate its “Clean Water
24” emergency drinking water supply mechanism,
The My to deliver bottled drinking water to those in need. Empowering women through sport
Construction Hero
programme A team of 52 volunteers from the Zhengzhou plant In July, Swire Shipping donated netball
include EHS- delivered more than one million bottles of drinking equipment for the senior and intermediate
themed games.
water and Swire Coca-Cola Zhengzhou also divisions of the 2021 Moresby South
donated RMB 5 million through the Zhengzhou Motu-Koita netball tournament. Swire
Charity Federation for disaster relief and Shipping representative Emily Tau said
post-disaster reconstruction. the donation went towards creating
opportunities for women in the Moresby
South villages through sports. “We believe
in supporting events like this that create
a platform for people in Papua New
Guinea to showcase their talents.” Twenty
teams from five villages are competing in
the tournament.
Swire Shipping representatives presenting netball equipment to the Minister for
Moresby South, Hon Justin Tkatchenko, and the Motu Koitabu Netball tournament
committee.
ISSUE 03 / 2021 ISSUE 03 / 202120 21
NEWSWIRE IN THE COMMUNITY IN THE COMMUNITY NEWSWIRE
Hope for a tidal change
Swire’s investment in SWIMS over the last three showcasing Hong Kong’s marine life in all its
decades is indicative of an abiding concern for and spectacular diversity, and also the Trust’s support for
commitment to the oceans. As Tina puts it: “The the Hong Kong Maritime Museum. At the latter venue,
Swire group’s beginnings are rooted in the shipping a new Swire Marine Discovery Centre will provide a
in marine conservation business, so caring about the marine environment is
something that is encrypted in our DNA – and marine
conservation has long been one of the three pillars of
the Swire Trust’s philanthropic endeavours.”
learning space to increase public awareness around
marine conservation and biodiversity.
Another long-term partner, the World Wide Fund for
The recent expansion of the Swire Institute of Marine Science is part Nature (WWF), is being funded by the Trust to
of a growing movement, involving a range of NGO partners, The Trust’s initiatives in that space involve, in turn, develop “Sea for Future”, a project to inform local
to understand and protect Hong Kong’s ocean ecosystems. three strands: public education, scientific research, communities of the importance of revitalising marine
and advocating for change at a policy level. habitats, and to mobilise popular support for the
long-term goal of having 30% of Hong Kong waters
“Learning more about marine life through research is designated as marine protected areas.
the first step towards protecting it better,” says Tina.
“Equally, by engaging the public in appreciating the Meanwhile, coinciding with its re-opening, SWIMS
richness of our marine biodiversity we’re helping to has launched an initiative to restore the baby fin
instil a desire to protect it. And by presenting a body whale skeleton that has graced the shore beside the
of knowledge to decision-makers in government, we institute for three decades, but which suffered
can help to shape good outcomes for the future.”
Photo courtesy: Percy Thomas Partnership (HK) Ltd.
damage during Super Typhoon Mangkhut in 2018.
Besides its association with SWIMS, since 2016 the Professor Williams explains: “The whale’s original
and The Swire Institute of Marine Science Swire Trust has supported the Bloom Association bones will be preserved in our biodiversity collection,
Hong Kong, helping it to discover over 60 previously while new bones that can withstand typhoon winds,
undocumented reef fish species. It also recently salt spray and Hong Kong’s summer sun will be
renewed its commitment to supporting studies by printed on a 1:1 scale using 3D technology.”
the Hong Kong Bird Watching Society of Hong Kong
and Chinese Mainland waterbirds – studies which The public can donate funds to support the
have so far involved the participation of more than 50 restoration, and outreach activities at SWIMS, via the
Mainland bird-watching societies and the recording “Restoring Hong Kong’s Whale” page on the Faculty
Officiating guests at the opening ceremony: (left to right) Professor Gray A Williams, The Swire Institute of Marine Science (SWIMS) protects Hong of some 180 species. of Science section of the HKU website. The Swire
Director of SWIMS, Merlin Swire, outgoing Chairman of Swire Pacific Limited, Professor Kong’s unique marine habitat via scientific research and
Xiang Zhang, President and Vice-Chancellor of HKU and Professor Matthew R Evans, education. Trust will match donations dollar for dollar up to
Dean of Science, HKU. Meanwhile, public engagement activities include HK$60,000, and donors are to be given the chance to
partnering with National Geographic on the Oceans vote on a name for the whale.
“A landmark development for marine ecology in Hong Echoing Tina’s sentiments, Professor Gray A. Tomorrow initiative, a series of multimedia projects
Kong” and “the beginning of a new era in marine Williams, Director of SWIMS, believes the centre’s
research in our region”. Those are the words of Tina new facilities are truly state-of-the-art.
Chan, Group Head of Philanthropy at Swire, when
describing the expanded Swire Institute of Marine “New technology is revolutionising marine biology
Science (“SWIMS”) at Cape D’Aguilar Marine Reserve. and the new centre puts us at the forefront of these
developments,” he says. “Our growing body of staff
The Institute, which is part of the Faculty of Science and research students, as well as visiting scientists
Photo courtesy: 114°E Hong Kong Reef Fish
at The University of Hong Kong (“HKU”), has been a from around the world, will benefit enormously
leading centre for understanding coastal marine from access to an on-site molecular laboratory,
ecosystems since its inception in 1990. However, a biodiversity centre and indoor and outdoor
the newly extended SWIMS – unveiled in July in a seawater aquaria.”
ceremony attended by a diverse group of
Survey/Sam Inglis
stakeholders including outgoing Swire Pacific A key objective for the revamped institute will be
Chairman Merlin Swire and Professor Xiang Zhang, establishing physical and electronic reference
HKU’s President and Vice-Chancellor – takes both its databases of Hong Kong’s marine life – records that
research and knowledge transfer capabilities to a will be of use to scientists, government departments,
new level. environmental organisations, and NGOs. Scientific research on marine ecosystems. The whale skeleton before it was damaged.
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