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Power Assets

Power Assets, formerly Hongkong (HK) Electric, is a publicly listed company headquartered in Hong Kong, China. In 2022 the company’s revenue was USD 0.16 billion. Power Assets is a global investor in energy and utility-related businesses, with interests in the generation, transmission, and distribution of electricity, gas and oil. It has a presence in four continents and operates in Hong Kong, mainland China, Australia, New Zealand, Thailand, and North America.
Ranking position
#31 /68
Total score
26.5 /100

15.7 /60
Core social indicators
7.0 /20
Just transition
3.8 /20

ACT score components

Performance score
5.0 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank


#1 10.0 /100 #43

Material investment

#1 35.9 /100 #15

Intangible investment

#1 0.0 /100 #26

Sold products

#1 0.0 /100 #46


#1 44.3 /100 #41

Supplier engagement

#1 38.8 /100 #21

Client engagement

#1 20.0 /100 #31

Policy engagement

#1 9.0 /100 #59

Business model

#1 30.1 /100 #33
Indicates the score for the top performing company.

Act Assessment

Leading Practices

No leading practices were identified for this company.

Risks and Opportunities


Power Assets receives a trend score of =. If the company were reassessed in the near future, its score would likely remain the same. Based on forward-looking projections of its assets, the company is expected to reduce its emissions intensity by approximately 40% between 2022 and 2027 and align with its 1.5°C pathway. This decrease in emissions intensity is due to a projected increase in the share of the company’s energy generation from gas and wind, with a reduction in coal. The company is focused on the conversion of its coal assets to gas-fired assets. Although this will reduce its emissions intensity in the short-term, this is not a long-term solution to align with a low-carbon future.

Progress towards the Paris Agreement

Social assessment

Just transition assessment

Core Social Assessment

More about the company

Hong Kong, Hong Kong, China
Group revenue
US$ 162 million (FY2022)
Group employees
17,882 (FY2022)
Publicly listed
Installed capacity
1.3 GW
Company filing name
Power Assets Holdings Ltd.

This company is part of the SDG2000, the 2,000 most influential companies

See company profile