The strategy at Hong Kong-based CLP is clear: decarbonise and digitalise the portfolio to become a ‘Utility of the Future’. BWD’s partnership with CLP is focused on helping the energy giant identify and prioritise the ESG topics most important to the company and its stakeholders. We have supported CLP in conducting comprehensive materiality assessments since 2018, including the company’s first double materiality assessment in 2021.
BWD was also honoured to support the Hong Kong-based energy giant in the production of its Climate Vision 2050 (2021 edition). The document sets a number of ambitious goals for the business, including achieving net-zero emissions across its value chain by 2050, phasing out coal-based assets by 2040 (a decade earlier than previously pledged), and meeting science-based targets for 2030 to align with the Paris Agreement.