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Increasingly, nature loss is recognised to be a source of risk to businesses and financial systems. CLP is enhancing its management of nature-related matters by seeking to better understand the interconnectedness between biodiversity and climate change, the potential risks and opportunities arising from its dependencies on natural systems that provide ecosystem services, and the impacts and implications of its own operations on the natural environment. With reference to the Taskforce on Nature-related Financial Disclosures (TNFD), CLP’s disclosure covers how it assesses nature-related risks and opportunities in its governance, strategy, risk and impact management activities, as well as the relevant metrics and targets it uses.
To minimise adverse environmental impacts and create positive outcomes for nature, CLP has continued to strengthen its commitment to supporting biodiversity, implementing the circular economy and mitigating environmental discharges. CLP is also refining its focus areas and the relevant metrics to more effectively manage its interactions with nature. Group-level environmental targets for 2025 regarding air emissions, freshwater consumption, and waste production have been reviewed. All reduction targets set for 2025, using 2021 as the baseline, have been achieved as a result of various environmental initiatives implemented by individual assets.