Guiding principles

Value Framework

CLP's Value Framework reflects the moral compass of the Company, articulating the Group's values, as well as its vision, mission and commitments to stakeholders.

Holding true to a set of deep-rooted and enduring values is particularly important in a fast-changing environment. It helps navigate an ethical way forward in both good and turbulent times. When making any business decision, CLP is guided by the simple idea of ‘doing the right thing’. It has helped establish mutually beneficial relationships with stakeholders, avoided the unnecessary risks that arise from short-termism, and has been proven to support CLP’s success from one generation to the next.

See CLP's Value Framework and Code of Conduct test-value-framework

SDG Alignment

CLP has prioritised four of the 17 SDGs considered most relevant, and where the Group can make a significant impact.

In 2015, inspired by the announcement of the United Nations Sustainable Development Goals (SDGs), CLP developed its set of Sustainability Principles to guide the Group’s activities and better align business objectives with value creation. These Principles cover four focus areas: community, people, environment and economic sustainability, and the prioritised SDGs are aligned with these areas.

Read the CLP Sustainability Principles

In 2019, CLP joined the WBCSD SDG Sector Roadmap working group for electric utilities. This project aims to identify key areas under the SDGs that are of the highest relevance and outlines how the utility sector can best achieve the SDGs. CLP aims to integrate key findings from this work into its operational performance and report accordingly in future cycles.

SDG 13 – Climate Action and SDG 7 – Affordable & Clean Energy

Climate Vision 2050, is the CLP Group's commitment to responding to climate change. CLP's decarbonisation and clean energy targets are in support of SDG 13 and SDG 7 respectively.

Decarbonisation targets: a set of decadal carbon intensity reduction targets spanning out to 2050;
Clean energy targets: renewable and non-carbon emitting capacity targets for 2020 and 2030.

Find out more about Climate Vision 2050 Read more on Responding to climate change

SDG 8 – Decent Work & Economic Growth

SDG 8 makes specific reference to equal pay for work of equal value, which is a target CLP has set to support internal gender diversity initiatives.

CLP has also developed a set of targets to help widen the pipeline of female employees to support the Group's future business strategy:

Women in Leadership (WIL) target: Achieve gender balance in leadership positions by 2030 against a 2016 baseline of 22%;
Women in Engineering (WIE) target: 30% of engineers to be female by 2030 compared to a 2016 baseline of 9%;
Ensuring equal pay for work of equal value is maintained in all CLP Group businesses, that any gender pay equity gap is eliminated, and that CLP meets all relevant local compliance and disclosure standards.

SDG 9 – Industry, Innovation & Infrastructure

Digitalisation is core to the CLP business strategy, underscoring commitment to Innovation under SDG 9.

As CLP’s digitalisation journey evolves and the Group Innovation function begins to capitalise on the investments made into the changing global energy industry, the Group continues to review relevant metrics and targets which measure progress in support of SDG 9.

Sustainability governance Key sustainability ratings and awards