CLP powers the sustainable development of communities in which we operate by providing a safe, reliable and affordable electricity to our customers with minimal impact to the environment. We aim to be the leading responsible energy provider in the Asia-Pacific region, from one generation to the next.
How we serve our purpose
To leverage new and emerging technologies to aid the progressive decarbonisation of our portfolio, empower our customers in making better energy choices, enhance performance of our operations, and to evolve and grow our business along with the transition.
What guide us in fulfilling our purpose
CLP cares for people, the community and the environment. We care about performance, respect laws and standards, and value innovation and knowledge.
How we hold ourselves accountable
Good corporate governance is a key enabler of long-term value creation, which enhances our credibility and safeguards the interests of our stakeholders. We remain committed to doing the right thing at all times, and to embedding a corporate governance framework that our stakeholders respect and understand.
How we serve our purpose
Continue to grow a sustainable businessTotal Earnings |
|
HK$
4,657
million
2018: HK$13,550 million
|
Operating earnings |
|
HK$
11,121
million
2018: HK$13,982 million
|
Dividends |
|
HK$
7,782
million
2018: HK$7,630 million
|
Electricity sent out |
|
88,573
million kWh
2018: 92,333 million kWh
|
Retail customer accounts in Hong Kong and Australia |
|
5.11
million
2018: 5.15 million
|
Leverage new technologies to aid decarbonisationKey innovation projects and investments |
|
Launched Smart Energy Connect
Invested in R&B Technology Holding Co. Ltd. |
Carbon intensity |
|
0.62
kg CO2/kWh
2018: 0.66 kg CO2/kWh
|
Proportion of Renewable energy |
|
13.7%
2018: 12.8%
|
Proportion of Non-carbon emitting capacity |
|
24.9%
2018: 24.1%
|
Empower our customers in making better energy choicesSmart Meters |
|
421,000
connected in Hong Kong since 2018
|
Demand Response Programmes |
|
118
MW
demand reduced or capacity contracted in Hong Kong and Australia
|
Feed-in Tariff Scheme in Hong Kong |
|
90
MW
approved or connected to the grid since May 2018
|
Enhance operational performanceSafety Performance |
||||||||||||
|
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Reliability in Hong Kong |
|
99.999%
2018: 99.995%
|
Environmental regulatory non-compliance cases |
|
10
cases
2018: 2 cases
|
Evolve our business along with the transitionOperating Earnings* by asset type % (HK$ million) |
|
|
|
Coal
Gas
Nuclear
Renewable
Transmission, distribution and retail
Others
*Before unallocated expenses |
Capital investment# incurred by asset type % (HK$ million) |
|
|
|
Coal
Gas
Nuclear
Renewable
Transmission, distribution and retail
Others
#On accrual basis |
How we hold ourselves accountable
|
How we link remuneration to CLP’s purpose and strategy
These are amongst the broad range of strategy-linked performance indicators considered and balanced by the Board when determining incentive payments and total remuneration. The determination of performance outcomes is not formulaic but based on the Board’s judgment, ensuring alignment between shareholders and management.