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CLP Sustainability Report 2020 / The CLP Group business / Key sustainability ratings and ESG recognitions

Key sustainability ratings and ESG recognitions

Key sustainability ratings

CLP has maintained its standing in key sustainability ratings. The performance scores received in 2020 were based on 2019 calendar year performance data.

CDP

CDP, formerly known as the Carbon Disclosure Project, runs a global disclosure system for companies, cities, states and regions to measure and manage their environmental impacts. CLP has provided data for CDP – Climate Change scoring since its launch in 2002, and currently discloses on the CDP Climate Change and Water Security disclosure initiatives.

2020

2019

2018

CDP Climate Change – CLP's score

B

B

B

CDP Water Security – CLP's score

B-

B-

B

Dow Jones Sustainability Asia Pacific Index

The Dow Jones Sustainability Index (DJSI) is a globally recognised index which includes companies from a wide spectrum of industries. Inclusion in DJSI is based on a company’s score in the Corporate Sustainability Assessment. CLP has been a constituent of the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific) and Dow Jones Sustainability Asia Pacific 40 Index (DJSI Asia Pacific 40) since the launch of both indices in 2009. CLP's scores over the past three years are featured in the table below. Each category is scored out of 100.

2020

2019

2018

CLP's score

77

73

69

Electric utilities industry average score

43

45

46

Asia-Pacific average score

69

64

60

FTSE4Good

The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. CLP has been included in the FTSE4Good Index since June 2018.

2020

2019

2018

CLP's Overall Score (0-5)

3.6

3.7

4.0

Hang Seng Corporate Sustainability Index

The Hang Seng Corporate Sustainability Index helps the market better understand CLP's sustainability performance relative to other Hong Kong and Mainland Chinese companies listed on the Stock Exchange of Hong Kong. CLP has been listed on the Hang Seng Corporate Sustainability Index and Hang Seng (Mainland and HK) Corporate Sustainability Index since their inception in 2010. Also, a Hang Seng ESG 50 Index was launched in 2020 to reflect the performance of the top 50 ESG leaders with relatively high market-capitalisation listed in Hong Kong, with CLP as one of the constituents.

2020

2019

2018

CLP's HKQAA Rating

AA-

AA-

AA-

MSCI ESG Leaders Indexes 

The MSCI ESG Leaders Indexes (previously MSCI Global Sustainability Indexes) target companies that have the highest ESG rated performance in each sector of the parent index. CLP has qualified as a constituent of the index since 2015.

2020

2019

2018

CLP's Overall Score

AA

AA

AA

Sustainalytics Company ESG Risk Ratings 2020

Launched in 2020, Sustainalytics’ ESG Risk Ratings aim to help companies and investors identify ESG issues that pose potential financial risks. They measure the degree to which ESG issues are putting a company’s entire value at risk. The lower a company’s rating, the lower their overall risk of experiencing material financial impact due to ESG factors. While CLP’s management of ESG material risks was considered as strong, due to the industry’s risk exposure being indicated as high, CLP’s overall risk rating was assessed as "medium".

This rating aligns with the majority of global electric utilities which are identified as having medium to higher risk ratings.

2020

CLP's Overall rating

(scale of severity 0 - 40+)

29.91

Medium Risk

  1. Last updated: 15 February 2021
Learn more about CLP’s credit ratings

Key ESG awards and recognitions

In addition to being benchmarked by global sustainability indices, CLP has also received awards and recognition over 2020 for its sustainability reporting and performance. These are the key awards which recognised CLP.

Australasian Reporting Awards 2020 – Sustainability Report of the Year and Gold Award for Sustainability Reporting

Australasian Reporting Awards

CLP’s 2019 Sustainability Report received the much coveted 2020 ARA Sustainability Report of the Year Award. It also won a Gold Award for Sustainability Reporting for the second consecutive year since this award was introduced in 2019.

ESG Report of the Year – Best in ESG and Best in Reporting

BDO ESG Awards 2021

CLP won the ESG Report of the Year, Best in ESG and Best in Reporting awards in the Large Market Capitalisation category of the BDO ESG Awards 2021.

Best Corporate Governance Awards 2020 – Sustainability and Social Responsibility Reporting Award

Hong Kong Institute of Certified Public Accountants

For the tenth successive year, CLP received a Sustainability and Social Responsibility Reporting Award in the Best Corporate Governance Awards presented by the Hong Kong Institute of Certified Public Accountants.

Best Annual Reports Awards 2020 – Sustainability Reporting Award

The Hong Kong Management Association

The Hong Kong Management Association’s Best Annual Reports Awards encourage the publication of timely, accurate, informative and well-presented annual reports for stakeholders. CLP was bestowed with the Sustainability Reporting Award in the general category for the ninth successive year since the award was introduced in 2012.

IR Magazine Awards, Greater China 2020 – Best ESG Materiality Reporting (Large Cap)

IR Magazine

The IR Magazine Awards recognises the achievement of companies that produce clear investor-facing communications about ESG issues that are material to their business. CLP won the Best ESG Materiality Reporting (Large Cap) Award for the second consecutive year.

Ranked 6th among the world’s 100 most sustainably managed companies

The Wall Street Journal Sustainable Management Ranking

The ranking evaluates the leadership and governance practices of companies for their ability to create value for shareholders over the long term. More than 5,500 publicly traded businesses were assessed based on a broad range of ESG metrics. In the US newspaper’s latest ranking released in February 2021, CLP Holdings was ranked sixth globally with an overall score of 78.1.


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