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Sustainability-related targets and performance

CLP is committed to transparently tracking progress and fostering accountability through the establishment of sustainability-related targets. These targets reflect how we do business and create value for our communities and stakeholders, based on our long-term Purpose and Core Values. At CLP, each target is established for each of the six material topics, encompassing specific quantitative or qualitative aims, the duration of the target's applicability, and the reference base period for progress evaluation. This section provides comprehensive reporting on performance against these targets, while our Respecting Nature and Serving Our Stakeholders chapters provide detailed insights into CLP's strategies, programmes and responses to stakeholders.

Net-zero transition

Environment
NOx emissions: Reduce 50% by 2030 (vs 2021 baseline)
2024 performance
Decreased by 26% vs 2021 baseline
SO2 emissions: Reduce 55% by 2030 (vs 2021 baseline)
2024 performance
Decreased by 18% vs 2021 baseline
PM emissions: Reduce 90% by 2030 (vs 2021 baseline)
2024 performance
Decreased by 16% vs 2021 baseline
Waste products: Reduce 70% by 2030 (vs 2021 baseline)
2024 performance
Decreased by 68% vs 2021 baseline
Freshwater consumption: Reduce 85% by 2030 (vs 2021 baseline)
2024 performance
Decreased by 51% vs 2021 baseline
Climate change
GHG emission intensity: Reduce 59% to 0.26kg CO₂e/kWh by 2030 (vs 2019)
2024 performance
0.53kg CO2e/kWh, a decrease of 16% vs 2019 baseline
Absolute Scope 3 (Category 11) GHG emissions: Reduce 28% by 2030 (vs 2019)
2024 performance
Decreased by 31% vs 2019 baseline
Maintain its commitment to phase out coal before 2040
2024 performance
On track
Achieve net-zero GHG emissions across our value chain by 2050
2024 performance
On track

Energy growth opportunities

Energy services and solutions
Connect >2.8 million smart meters for CLP Power's residential and Small and Medium Enterprises (SME) customers in Hong Kong by 2025
2024 performance
More than 2.68 million smart meters have been connected since 2018
Save 48GWh of electricity from 400 buildings through the Eco Building Fund
2024 performance
Saved around 50GWh of electricity from over 600 buildings
Conduct 600 energy saving audits for commercial and industrial customers, resulting in 48GWh in total savings
2024 performance
Saved around 50GWh of electricity with more than 600 energy audits completed
Achieve 60MW in demand response reduction performance
2024 performance
CLP Power achieved demand reductions of 144MW from residential customers and 93MW from commercial and industrial customers in Hong Kong

Digital innovation and cyber security

Innovation
Deploy 19 use cases of innovative technologies including AI across the Group
2024 performance
Deployed 26 use cases of innovative technologies including AI
Cyber security
CLP continues to invest in the latest cyber security technologies and talent, in order to prevent, detect and react to evolving cyber threats 
2024 performance
On track

Future-ready workforce

Diversity and inclusion
Achieve gender balance in leadership positions by 2030
2024 performance
Women in Leadership improved from 22% (2016 baseline) to 30%
Achieve 30% of engineers to be female by 2030
2024 performance
Women in Engineering improved from 9% (2016 baseline) to 13.3%
Ensure equal pay for work of equal value is maintained in all CLP businesses
2024 performance
On track

Operational and supply chain resilience

Governance
Maintain Board diversity with a target of >30% for female Directors representation
2024 performance
36%
Maintain zero convicted cases of corruption
2024 performance
On track
Supply chain
Over 4,000 of CLP's suppliers have acknowledged to abide by CLP’s Supplier Code of Conduct (SCoC) by 2026
2024 performance
Over 1,800 of CLP's suppliers have acknowledged to abide by CLP’s SCoC

Community stewardship

Community investment
16,000 volunteer hours every year
2024 performance
16,498 volunteer hours

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