CLP Holdings, a leading energy company, has set ambitious to achieve net-zero emissions by 2050. The company is actively taking steps to reduce its greenhouse gas (GHG) emissions, CLP Holdings has identified scope 1, scope 2, and scope 3 emissions as key areas of focus. According to the sustainability, in 2022 the company's greenhouse gas emissions for scope 1 was 44,141 ktCO2e, scope 2 was 220 ktCO2e and scope 3 was 15,861 ktCO2e.

In terms of carbon emission trends, CLP Holdings has made progress in reducing its emissions. CLP currently establishes and reveals both short-term (2022) and long-term (2030) environmental intensity targets concerning air emissions, water, and waste. These targets are determined by assessing the performance patterns of individual assets and identifying areas for potential improvement. Planned control measures and operational processes are then implemented to achieve these targets.

To achieve its net-zero targets, CLP Holdings has implemented various measures. The company is investing in large-scale storage systems to address the intermittent nature of renewable energy and improve accessibility to zero-carbon energy resources. Additionally, CLP Holdings is enhancing its clean energy transmission system to connect its grid in Hong Kong to Guangdong, which is expected to be completed by 2025.

CLP Holdings is also actively promoting the use of solar energy. In August 2022, CLPe initiated a 1.24MW distributed solar system at the MTR Shenzhen headquarters in the Longhua District. Over 2,000 solar panels are now operational, anticipated to produce 1,300MWh of renewable energy annually. This is expected to result in a reduction of 16,000 tonnes of carbon dioxide emissions linked to electricity consumption during the contracted period. Additionally, in 2022, CLPe entered into 14 agreements with Link Properties Limited for the installation of solar photovoltaic systems on the rooftops of its shopping centers. Some of these systems have already commenced operations and are generating renewable energy.

In terms of GHG emissions, CLP Holdings has seen a significant reduction in its Scope 3 emissions from 15,861 ktCO2e to 17,091 ktCO2e, mainly due to fewer capital goods purchased and reduced coal consumption. The company's total GHG emissions are steadily decreasing, and it is committed to further reducing its emissions through various transition enablers such as energy storage, advanced transmission and distribution systems, and green hydrogen.

In conclusion, CLP Holdings is actively working towards achieving its net-zero targets and reducing its carbon emissions. The company has implemented various measures and investments to promote renewable energy and reduce its reliance on fossil fuels. With its focus on scope 1, scope 2, and scope 3 emissions, CLP Holdings is making significant progress in its sustainability efforts.

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