Download the 2019 CLP Sustainability Report – Material topics and standard disclosures
Industry, regional, demographic and social and political drivers are bringing unprecedented change to CLP and are redefining the people agenda.
There is no single solution to meet this workforce challenge: it requires a coordinated and integrated range of strategic initiatives to build an agile, inclusive and sustainable workforce.
While conventional energy needs will reduce in significance, the resourcing needs of renewable energy and new digital-based business and operating models will increase. CLP must find ways to attract and retain a more gender- and culturally-diverse, multi-generational workforce and to share talent effectively across the Group portfolio of businesses. This will support a strategy to pursue regional growth and address the demographic and labour market challenges of an ageing workforce and increased competition for science, technology, engineering and mathematics (STEM)-qualified people.
Energy transition, digital evolution and increasing social and political uncertainties and expectations in CLP’s markets will result in significant change for its people in the coming years. The digital transformation of work and growth of automation will bring great benefits, together with disruption. The composition of the workforce is changing too. In 2020, millennials will make up around 43% of CLP’s employees; this is expected to increase to 65% by 2025. This digital-native generation of employees bring different expectations of work and how CLP should engage and support them.
The changing operating environment also drives the need for greater organisational agility – the ability to adapt and succeed in a rapidly changing environment. The Value Framework provides the backbone, guiding how CLP treats its people. With this as a constant, the Company is focusing on leveraging technology to speed up decision-making, strengthening the culture and practice of innovation, and empowering its people.
As the industry evolves, CLP is committed to supporting all its people to thrive in change. This means helping everyone to embrace change, strengthening their wellbeing and resilience and developing more inclusive workplaces. The Company is investing in equipping leaders to lead transformation under increasingly complex social and political influences. It is also providing opportunities for employees to gain exposure to new technologies and business models across its regional footprint.
CLP is mindful that it operates in a social context where there is increasing concern over inclusive growth, basic rights and freedoms in the workplace and equality of income and opportunity. Consequently, employees and other stakeholders expect them to demonstrate values-based management in dealing with potentially divisive social issues. The Company is focused on ensuring they provide competitive, fair and sustainable benefits, support to employees in need, and on implementing labour standards across the extended workforce.