Home | A Snapshot of CLP’s 2020 Annual Report

Strategic Framework

CLP Group is an investor and operator in the Asia-Pacific energy sector. Our strategy is to leverage new and emerging technologies to aid the progressively decarbonisation of our portfolio, empower our customers in making better energy choices, enhance performance of our operations, and to evolve and grow our business in the transition to a low-carbon future.

Value Creation

Inputs

What we do

Outputs

Outcomes for stakeholders

Sustainability material topics

Material risks to the group

At CLP, we utilise various capitals to create value for shareholders, customers, employees and the wider community.

CEO message

This decade has experienced a profoundly challenging first year, but with the increasing pace of decarbonisation there is a growing depth and breadth of opportunity.

Richard Lancaster
Chief Executive Officer

Richard Lancaster, Chief Executive Officer of CLP Holdings

Richard Lancaster Chief Executive Officer

Business performance

OPERATING EARNINGS¹ BY REGION

Note 1: Before Group Expenses

Our operating earnings increased 4.1% to HK$11,577 million. The diagram above shows the operating earnings in the five regions where we operate.

Financial Performance

Group operating earnings increased 4.1% to HK$11,577 million driven by higher earnings from the Hong Kong electricity business and positive changes in the fair value of energy hedging contracts in Australia. Total earnings increased about 1.5 times to HK$11,456 million in 2020 mainly due to a significant impairment of EnergyAustralia’s retail goodwill recognised in 2019.