Welcome to our 2017 report
Under our Value Framework, CLP is committed to communicating and reporting the economic, social and environmental impact of our business to our stakeholders on a regular basis. To fulfill this commitment, the advances in communications technology has led to the need for us to actively engage and listen to our stakeholders through an increasing number of channels that suit their needs and preference. This year we have moved our full Sustainability Report online, allowing us to enhance signposting, draw reference from different sources, show key ideas visually, and to interact with readers more easily.
We hope you will like these changes and welcome your feedback through the online survey or email. As a token of our appreciation, each stakeholder who sends us feedback on or before 30 June 2018 will receive a corporate souvenir from us (subject to availability).
Submit your feedback
Reporting period and scope
This report covers CLP Group’s sustainability performance for the calendar year ending 31 December 2017. It includes discussions on the “material” topics and “most material” topics identified through our materiality assessment for our relevant company boundaries. It is published at the same time as our Integrated Annual Report. Our previous report was published in March 2017.
For 2016 to 2017, there were no material restatements of the quantitative Key Performance Indicators. Changes to our reporting scopes in 2017 are:
- Environmental scope: addition of the Fangchenggang II, Laizhou I and Sandu I Power Stations, as they completed their first full calendar year of operation under CLP ownership in 2017. Cathedral Rocks Wind Farm was removed as we transferred the asset management to the asset joint owner as of 1 July 2017, and therefore it did not fulfil the “full calendar year of operation” requirement.
- Safety scope: Cathedral Rocks is included in the safety scope until 30 June 2017 when the asset management was transferred to the asset joint owner.
Below is the definition of the company boundary for each of the main categories of data included in this Report. Please refer to our 2017 Annual Report for more details on the entities included in our consolidated financial statements.
Includes all people employed by CLP entities or their subsidiaries. It does not include non-CLP employees in our Joint Ventures, Joint Operations or Associates.
Selected financial figures are extracted from our Annual Report and include the financial statements of CLP Holdings Limited and its subsidiaries as well as the Group’s interests in joint ventures and associates in accordance with Hong Kong Financial Reporting Standards (HKFRS) issued by the Hong Kong Institute of Certified Public Accountants (HKICPA). For a detailed description of the financial reporting scope, please refer to the Significant Accounting Policies – Consolidation on pages 201 and 202 of our 2017 Annual Report.
Includes all people employed by CLP entities or their subsidiaries (excluding part time staff unless otherwise specified). It does not include employees of our joint ventures, joint operations, associates or contractors.
|HEALTH AND SAFETY||
Includes all entities which hold power assets, transmission and distribution infrastructure, fuel storage facilities or regional office areas:
Includes all entities which hold power assets, transmission and distribution infrastructure or fuel storage facilities and satisfy all the following criteria:
100% of the performance data for in scope entities is reported without adjustment of the data to reflect our equity share, unless otherwise stated.
|CLIMATE VISION 2050||
Includes all entities which hold power generation assets.
Performance data is consolidated on an equity basis – i.e. if CLP holds a fraction of the total entity, performance is consolidated on a pro rata basis in accordance with CLP's equity holding.
Some statistical data derived from our overseas operations may not be strictly comparable because local and / or regulatory definitions may vary.
|CLP POWER HONG KONG CARBON EMISSIONS INTENSITY OF ELECTRICITY SOLD||
Includes all power generation assets involved with the delivery of electricity to CLP Power Hong Kong customers, and:
Reporting frameworks and content indices
We reference different reporting guidelines and frameworks to ensure our reporting is comprehensive and aligns with international best practices.
Global Reporting Initiative (GRI)
- The GRI is an international independent organisation which provides the world’s most widely used standards on sustainability reporting.
- CLP has been reporting with reference to the GRI since 2007, and has adopted the GRI Standards for the second year since it was launched in 2016.
- This report has been prepared in accordance with GRI Standards: Core option. It also reports on the GRI G4 Electric Utilities Sector Disclosures, and has been checked by GRI on materiality disclosure.
Download the GRI Content Index
International Integrated Reporting Council (IIRC)
- The IIRC is a global coalition that created the International Framework which has become the widely used guideline for integrated reporting.
- CLP’s Annual Report has been reporting with reference to this guideline since 2011. Moving towards a more integrated reporting approach, this report continues to makes reference to the Framework, particularly on the concept of the six capitals.
Hong Kong Stock Exchange Environmental, Social and Governance (ESG) Reporting Guide
- Companies listed on the Hong Kong Stock Exchange (HKEx) are now required to meet the “General Disclosure” and Key Performance Indicators (KPIs) in the “Environmental” Subject Area, in a “comply or explain” manner.
- As a Hong Kong listed company, CLP first began reporting according to the ESG Guide in 2012. This report satisfies the “comply or explain” provisions as well as “recommended disclosures” of the Hong Kong Stock Exchange Environmental, Social and Governance (ESG) Reporting Guide (ESG Guide).
Download the HKEx Content Index
Greenhouse Gas Emissions
- CLP’s greenhouse gas (GHG) emissions inventory covers the six originally specified gases in accordance with the Kyoto Protocol. We have also considered the seventh one added under the Kyoto Protocol, namely nitrogen trifluoride (NF3), but have deemed it immaterial to our operations.
- Our GHG emissions are reported with reference to: The World Resources Institute (WRI) / World Business Council for Sustainable Development (WBCSD) GHG Protocol, the Intergovernmental Panel on Climate Change’s Guidelines for National Greenhouse Gas Inventories 2006 and international standard ISO 14064.
- To facilitate implementation, in 2007, we developed the first version of our Group-wide GHG reporting guideline with reference to the aforementioned guidelines. The reporting guideline is regularly reviewed in accordance with CLP practice at least every three years.
- All financial data in this report is in alignment with the figures published in the audited financial statements as published in our Annual Report. The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards (HKFRS) issued by the Hong Kong Institute of Certified Public Accountants (HKICPA) and the Hong Kong Companies Ordinance.
Limited Assurance is provided by PricewaterhouseCoopers (PwC) on a selected set of environmental, social and governance-related Key Performance Indicators for this Report in accordance with International Standard on Assurance Engagements 3000 (Revised), Assurance Engagements other than Audits or Reviews of Historical Financial Information, and, in respect of greenhouse gas emissions, International Standard on Assurance Engagements 3410, Assurance Engagements on Greenhouse Gas Statements.
Download the assurance statement
Materiality for 2017 and stakeholder concerns
The content of this report was determined using our Boundary Scoping and Materiality Identification (BSMI) methodology. The most material topics were identified by our internal and external stakeholders, through their concerns or interests collected during the year from existing engagement channels embedded in our daily operations. The reporting boundary for each topic was defined in terms of including the most relevant material business entities. This year, we piloted additional channels to gauge external views – we commissioned an online stakeholder survey and a technology-driven data analytics report. The results indicated that our internal assessment results seemed broadly aligned with the external views.
Our stakeholders’ concerns or interests about our business vary depending on the location and context and therefore require different actions or responses. The main topics that arose during the year in our various regions, as well as the actions we undertook to address them, are summarised in the following table by stakeholder group.
Download the Stakeholder Key Concerns or Interests Table
2017 Materiality Matrix
The 2017 BSMI process identified 23 material topics and 18 most material topics, which were basically the same results as in 2016. However this year, to further integrate the GRI topics into the application of the Integrated Reporting Framework, our Materiality Matrix below maps the topics according to the six capitals referred to by the IIRC.
|Financial Capital||Manufactured Capital||Natural Capital||Human Capital||Social and Relationship||Intellectual Capital|
|Most Material Topics||