CLPHOLDINGS：2025AnnualReport(IntegratedReport)(withlinked2025SustainabilityReport2025MaterialityAssessmentReportandClimateVision2050).pdf

1、2025 Annual Report 2025 Annual ReportStock Code:00002Power Brighter TomorrowsCLP Headquarters 43 Shing Kai Road Kai Tak,Kowloon Hong KongContentsA Snapshot of CLP in 2025About the CLP Group 3Strategic Framework 4Financial Highlights 6Generating Shared Value 7Chairmans Statement 8CEOs Strategic Revie

2、w 12Financial Review 16Managing What Matters to Our BusinessOverview 30Net-Zero Transition 31Energy Growth Opportunities 40Digital Innovation and Cybersecurity 45Future-Ready Workforce 47Operational and Supply Chain Resilience 49Business Performance and OutlookHong Kong 52Chinese Mainland 58Australi

3、a 61India 64Taiwan Region and Southeast Asia 67GovernanceBoard of Directors 70Group Executive Committee 78Corporate Governance Report 80Risk Management Report 103Audit&Risk Committee Report 114Sustainability Committee Report 121Nomination Committee Report 125Human Resources&Remuneration Committee Re

4、port 128Directors Report 146FinancialsIndependent Auditors Report 173Financial Statements 182Five-year Summaries 254Our Portfolio 262Glossary 266Information for Our Investors 270Thank You 272CLP Holdings 2025 Annual Report1Climate Vision 2050:Powering an orderly transition2025 Materiality Assessment

5、 Report2025 Sustainability ReportWelcome to CLPs 2025 Annual Report.Amid an evolving business landscape,this report aims to provide a concise view of how the Group continues to create long-term value.Our disclosures have also been further enhanced to provide greater insight into how we manage sustai

6、nability and climate-related risks and opportunities.Demonstrating CLPs commitment to transparency,the report complies with the Listing Rules of The Stock Exchange of Hong Kong Limited,including the ESG Reporting Code.Our climate-related disclosures have been prepared in compliance with the requirem