CLP Holdings (中電集團)
CLP Holdings Ltd is a publicly listed energy company headquartered in Hong Kong, China. In 2019, its revenue was US$10.99 billion and installed capacity was 19 GW. It is present across five markets in the Asia-Pacific region, including India. CLP has a comprehensive transition plan but needs to increase its climate ambition and phase out coal earlier.
- Ranking position
- #13 /50
- Total score
- 9.7 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
Risks and opportunities
Trend
CLP is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. The reduction of CLP’s emissions intensity from 740 gCO2e/kWh in 2018 to 700 gCO2e/kWh in 2019 was aligned with its well-below 2-degree pathway. However, the company is not expected to maintain this rate of decarbonisation, as it plans to keep its large high-emitting, coal-fired generation assets open into the 2030s. CLP is committed to strengthening its climate targets every five years and intends to track its progress against a well-below 2-degree science-based target. This could increase the speed of its low-carbon transition. However, CLP is behind on achieving its renewable capacity target of 20% in 2020. The company will therefore need to upgrade its low-carbon investment and low-carbon targets.
Progress towards the Paris Agreement
More about the company
- Headquarters
- Hong Kong, China
- Ownership structure
- Publicly listed
- Group revenue
- US$10.99 billion (2019)
- Installed capacity
- 19 GW (2019)
- Website
- https://www.clpgroup.com/