Download the 2019 CLP Sustainability Report – Material topics and standard disclosures
The digital and utility worlds have been progressing at vastly different speeds. As CLP transforms into a Utility of the Future, a major energy company such as CLP needs to synergise the strengths of each of these worlds to create new value propositions.
CLP’s Group presence in diverse geographies, each with a unique set of regulations, infrastructure and market needs, helps to identify project opportunities to cater for these varying energy service areas and emerging markets. CLP is connecting customers across its markets with technology companies to help define key partnership and strategic collaborations to create new services offerings. With the infrastructure needs of cities continuing to expand, there are exciting new opportunities to support urban growth in greener and smarter ways.
The momentum in this innovation journey will only continue. With a focus on the opportunity in energy management of buildings, CLP intends to expand its digital product offering under SEC to provide end-to-end solutions to the customer base. Solution areas include office spaces, schools and university campuses and commercial buildings such as large office buildings, hotels, shopping malls, to name a few. The key areas for future energy saving are mainly through data-driven services such as chiller optimisations and building health monitoring through Internet of Things (IoT)-based solutions.
CLP’s investments and venture portfolio champion cutting edge technologies and start-ups that help strengthen the Group’s core business, nurture emerging businesses, and support the Group’s contribution towards a low carbon economy. CLP’s technology-based investments to support the growth of its capabilities and new businesses opportunities will continue in a prudent manner, but driven by strong goals.
CLP’s transformation will inevitably change how the Group operates. Underlying the success is the ability to have the right talent to deliver to the Group vision. CLP will continue to develop in-house data science capabilities to develop AI assets to meet the digital transformation strategy, and attract the right external talent.