CLP is transitioning to low-carbon energy by phasing out coal, investing in non-carbon energy infrastructure, and strengthening climate and nature risk management. The transition creates opportunities in renewable energy, transmission, distribution and energy storage. In line with Climate Vision 2050, CLP is committed to achieving its decarbonisation targets while supporting employees and communities impacted by the energy transition, maintaining energy reliability and affordability and adapting to regulatory uncertainties.
0.50 kg CO2e/kWh CLPʼs GHG emissions intensity
vs 0.53 kg CO2e/kWh in 2024
CLP Power’s Fuel Mix in 2025
51% Natural Gas 35% Non-carbon 13% Coal 1% Others
EnergyAustralia published its inaugural Sustainability Report in compliance with applicablelocal disclosure requirements
CLP is phasing out coal and has committed to eliminating coal-fired power generation by 2040. To support this transition while ensuring its electricity supply remains reliable and affordable, the company is shifting toward renewables as well as exploring emerging technologies like hydrogen co-firing pilots. The Group’s energy sent out and GHG emissions from coal assets decreased by 13.2% and 12.2% year-on-year respectively. This was supported by higher sent out from non-carbon energy assets. Together, these factors lower the greenhouse gas emission intensity of CLPʼs generation and energy storage portfolio on an equity plus long-term capacity and energy purchase basis from 0.53 kg CO2e/kWh in 2024 to 0.50 kg CO2e/kWh in 2025.
CLP has continued advancing its electric vehicle (EV) ambitions by expanding its fleet electrification and strengthening the EV support ecosystem across its operating regions. In Hong Kong, CLP Power has acted as an orchestrator in accelerating EV adoption, facilitating the installation of fast charging and battery swapping infrastructure, while enabling the electrification of commercial vehicles by upgrading its fleet advisory services. The company continues monitoring its EV progress, with 33% of EVs weighing below 3.5 tonnes and 0% between 3.5 and 7.5 tonnes. Of the Group's saloon, 88% have transitioned to EVs. CLP has also provided 817 appropriate charging units at workplaces.
EnergyAustralia published its inaugural Sustainability Report under Australian Accounting Standard Board S2 – Climate-related financial disclosures (AASB S2). The report complements its existing commitments as outlined in the Climate Transition Action Plans (CTAP), with EnergyAustralia remaining on track to achieve all its committed climate-related targets in 2025.
Why is this topic material to stakeholders?
By investing in non-carbon energy infrastructure and phasing out coal, CLP can reduce emissions from its portfolio. This will enhance its air and water quality management, thereby protecting community health and ecosystems, especially in water-stressed regions. CLP’s expansion into sustainable energy solutions, including solar power installations, nuclear energy and electric vehicle charging, is delivering more zero-carbon power to consumers and supporting the long-term resilience of the wider economy. In addition, CLPʼs extensive consumer data sets can help establish benchmarks and guidance for the decarbonisation of real assets at a city scale. These efforts are collectively strengthening CLP’s reputation, building trust with stakeholders, and contributing to social equity and economic progress in the regions served by CLP.
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