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China Huaneng Group (中国华能集团)

China Huaneng Group is a state-owned energy company headquartered in China. Its revenue in 2019 was US$42.28 billion and installed capacity in 2018 was 176 GW . It was the first mainland Chinese power producer to become a Fortune 500 company. Huaneng is majorly dependent on coal-fired plants (72.9% in 2018) and accelerates its investment in low-carbon (66% in 2018) capacity.

Ranking position
#46/50
Performance score
1.6 /20
Narrative Score
E
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

0.0 / 4.0 #33

Material Investment

0.5 / 7.0 #45

Intangible Investment

0.0 / 2.0 #19

Management

0.0 / 4.0 #44

Policy Engagement

0.4 / 1.0 #26

Business Model

0.8 / 2.0 #38
Total 1.6 / 20 #46

Leading practices

Risks and opportunities

Trend

Huaneng is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen.

With no emissions reduction targets, no low-carbon transition plan and no coal phase-out plan in place and non-existent climate governance, Huaneng is expected to move further away from its well below 2-degree scenario pathway. The company intends to continue developing its low-carbon energy portfolio, and its total share of low-carbon energy is expected to increase. However, coal-powered generation is still dominant, and Huaneng also runs coal assets for its own and other companies’ power generation use. Huaneng is in need of an ambitious and transformational transition plan. It is worth noting, however, that fossil fuel electric power generation is still at the core of China’s energy security policy, giving energy utilities little incentive to find alternative power sources.

Progress towards the Paris Agreement

More about the company

Headquarters
Beijing, China
Ownership structure
State-owned
Group revenue
US$42.28 billion (2019)
Installed capacity
176 GW (2018)
Website
http://www.chng.com.cn/eng/