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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
Performance score
9.7 /20
Narrative Score
C
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

2.3 / 4.0 #11

Material Investment

1.8 / 7.0 #31

Intangible Investment

0.0 / 2.0 #19

Management

3.1 / 4.0 #3

Policy Engagement

1.0 / 1.0 #1

Business Model

1.5 / 2.0 #14
Total 9.7 / 20 #13

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/