CLP’s vision is to be a leading responsible energy provider, from one generation to the next. To help us deliver on this vision, we operate under a set of core values and have developed strategies and commitments that contribute to the sustainable development of the communities in which we operate.
Sustainability Approach
Our Guiding Principles
CLP's Value Framework articulates the Group's Purpose, Vision and Mission, as well as core values, commitments, policies and codes to stakeholders. It also serves as the Group’s pledge that through changing times, we will always strive for a sustainable future, and remain true to our core values of Care, Excellence and Responsibility.
These principles consist of deep-rooted and enduring values that help us navigate today’s fast-changing environment in an ethical and sustainable way, ensuring CLP’s success from one generation to the next.
Learn more about CLP's Value Framework here.
Sustainability Governance
The CLP Board has overall responsibility for CLP’s environmental, social and governance (ESG) strategy and reporting. The governance of sustainability is integrated into our corporate governance structure throughout the Group. As one of the Board Committees, the Sustainability Committee has a primary role in overseeing the management of the Group’s sustainability issues and is supported by the Sustainability Executive Committee. The Audit & Risk Committee, meanwhile, retains oversight and responsibility for material risks, as well as ensures the assurance of the sustainability data is appropriate.
Enhancing our Dialogue on Sustainability
CLP continually improves its operation by managing, monitoring and reporting its performance. Every year, we present an overview of a wide range of the Group-relevant sustainability matters, including corporate governance, safety, the environment, climate change, operations, the community, our people, our customers and our supply chain.
In recognising that long-term success requires a flexible strategy capable of evolving with time and taking into consideration broadening sustainability challenges, CLP regularly reviews its strategic priorities against sustainability-related risks and opportunities to ensure they remain fit-for-purpose.
With reference to best practice from global reporting standard setters, CLP adopts a double materiality approach which allows the Group to better reflect sustainability-related risks and opportunities in its business strategy from both a financial and an impact perspective.
- Financially material topics, which could reasonably be expected to affect the Group's prospects, are covered in CLP’s Annual Report.
- Impact material topics, which reflect significant positive or negative impacts on people, the environment and the economy, are covered in CLP’s Sustainability Report.
To navigate these different topics, please use our online interactive materiality matrix.
Engaging for Impact
CLP believes that sound public policies are essential to the balance of social, economic and environmental needs of communities and the support for the long-term development of our society. With that in mind, we strive to empower like-minded organisations and be an active member in driving collaborative changes to mitigate and adapt to climate change.
By connecting with global and local organisations via the World Business Council for Sustainable Development (WBCSD), The Climate Group, the International Emissions Trading Association (IETA), Hong Kong’s Business Environment Council (BEC) and various business chambers to advocate climate-positive policy, we want to open a dialogue for active discussion on energy market policies and participate in government and industry consultations in our operating regions and beyond.
Furthermore, we support the recommendations on international practices provided by the International Sustainability Standards Board (ISSB) and Task Force on Nature-related Financial Disclosures (TNFD), while keeping track of the standards of the Science Based Targets initiative (SBTi). These ensure our climate actions are aligned with the goals of the Paris Agreement, and that our disclosures meet the requirements of global climate-related reporting frameworks.
Our support for sustainability initiatives is provided in forms of memberships, partnerships, sponsorships, and knowledge sharing through publications, conferences, online forums, talks and visits. CLP is currently a member of the following pledges, charters and networks:
Learn more about our engagement in our Sustainability Report.
ESG Ratings & Awards
Learn more about the ESG ratings and recognitions we have received.