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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 China. In 2019, its revenue was US$34.23 billion and installed capacity was 151 GW. It has a presence in multiple countries, including Japan, Myanmar, India, Pakistan, Vietnam, Australia, Chile, Brazil, Ivory Coast, Turkey, Montenegro, Germany and Malta. It is the only company headquartered in mainland China that has a measurable, time-bound public transition plan in place.

Ranking position
#19/50
Performance score
3.5 /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

0.0 / 4.0 #33

Material Investment

1.1 / 7.0 #41

Intangible Investment

0.0 / 2.0 #19

Management

0.6 / 4.0 #37

Policy Engagement

0.1 / 1.0 #45

Business Model

1.8 / 2.0 #9
Total 3.5 / 20 #19

Leading practice

No leading practices were identified for this company.

Risks and opportunities

Trend

SPIC is awarded a trend score of +. If the company were reassessed in the near future, its score would likely improve. Going forward, SPIC will be considered more aligned with its low-carbon transition pathway as its renewable capacity is planned to be over 50% by 2020 and 60% by 2025. In addition, more progress on achieving its short-term renewable expansion goal within its transition plan can be reported.

Progress towards the Paris Agreement

More about the company

Headquarters
Beijing, China
Ownership structure
State-owned
Group revenue
US$34.23 billion (2019)
Installed capacity
151 GW (2019)
Website
http://eng.spic.com.cn