CLPHOLDINGS：2018SustainabilityReview(withlinkedSustainabilityReport).pdf

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1、2018 Sustainability ReviewStock Code:00002Over 2018,we saw significant change on many fronts.At the international level,the financial and economic outlook remained uncertain;the effects of climate change became more evident in the extreme weather events experienced around the world;social unrest res

2、ulting from inequality continued to increase in many regions;and technological developments disrupted our lives while boosting productivity and innovation.Amid these complexities and uncertainties,it is important for us to be resilient and continue to create long-term value for our stakeholders.“As

3、part of our efforts to become a Utility of the Future,we recognise the need to decarbonise and digitalise our business,and attract the right talent to our workforce.”Chairman and CEO messagewith climate change.In 2018,we announced new targets for Climate Vision 2050,a roadmap for decarbonising our o

4、perations.This updated trajectory aims for a reduction in carbon intensity of 20 percent by 2020,33 percent by 2030,55 percent by 2040 and 80 percent by 2050,compared with the 2007 baseline.Together with our commitment to regular reviews,this demonstrates our dedication to the Paris Agreement object

5、ive of limiting global warming to 2C above pre-industrial levels.The financial risks associated with climate change are also informing our future strategy.We have embraced the recommendations of the Task Force for Climate-related Financial Disclosures(TCFD)and have started working with industry peer

6、s to support the development of guidance for disclosure that is appropriate for the electric utilities sector.The introduction of two advanced combined cycle gas turbine(CCGT)units in Hong Kong,which will help us begin the process of retiring the oldest coal-fired units at our Castle Peak Power Stat