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State Power Investment Corporation (SPIC) (国家电力投资集团)

State Power Investment Corporation (SPIC) is a state-owned company headquartered in Beijing, China. In 2020, its revenue was USD 40.1 billion and installed capacity was 176 GW. SPIC announces its ambitions to scale up its low-carbon electricity capacity from 50% in 2020 to 60% in 2025 and 75% in 2035. It does not have a fossil fuel phase-out plan yet.

Ranking position
#23/50
Total score
38.1/100
Performance score
6.0/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

#1 0.0 / 4 #35

Material Investment

#1 3.9 / 7 #8

Intangible Investment

#1 0.0 / 2 #20

Management

#1 1.0 / 4 #39

Policy Engagement

#1 0.6 / 1 #13

Business Model

#1 0.5 / 2 #34

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

SPIC receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company plans to scale up its low-carbon electricity capacity. The projected emissions reduction rate is aligned with SPIC’s 1.5°C pathway. However, the company didn’t disclose information about how it will reduce emissions from coal power generation.

Progress towards the Paris Agreement

Just Transition Assessment

In this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020

More about the company

Headquarters
Beijing, China
Group revenue (2020)
USD 40.1 billion
Ownership
State-owned
Installed capacity (2020)
176.0 GW
Website
https://www.spic.com.cn

This company is part of the SDG2000, the 2.000 most influential companies

See company profile