Decarbonisation and digitalisation are at the core of CLP’s business, and sustainability is fully integrated into this strategy.
Responding to climate change 
Harnessing the power of technology 
Reinforcing cyber resilience and data protection 
Building an agile, inclusive and sustainable workforce CLP has maintained its standing in key sustainability ratings. The performance scores received in 2020 were based on 2019 calendar year performance data.
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 |
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 |
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 |
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- |
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 |
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 |
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
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.
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.
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.
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
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.
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.
