Hong Kong and China Gas Co Ltd 2023 AR2
The report highlights the sustainability and financial performance of The Hong Kong and China Gas Company Limited (Towngas) for the fiscal year 2023. The company committed to achieving carbon neutrality by 2050, with interim targets to reduce operational greenhouse gas emissions by 10% by 2025 and carbon intensity of town gas use by 36% by 2035. Key achievements include expanding its renewable energy portfolio to 354 projects with 1.8 GW of grid-connected photovoltaic capacity, and producing over 100,000 tonnes of Sustainable Aviation Fuel. Additionally, Towngas established a Board ESG Committee to strengthen governance and linked 5% of executive variable compensation to ESG objectives.
Company: Hong Kong and China Gas Co Ltd
Sector: Energy utilities
Country: Hong Kong
Year: 2023
Type: AR2
Pages: 199
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Hong Kong and China Gas Co Ltd
Annual Report
The report highlights the sustainability and financial performance of The Hong Kong and China Gas Company Limited (Towngas) for the fiscal year 2023. The company committed to achieving carbon neutrality by 2050, with interim targets to reduce operational greenhouse gas emissions by 10% by 2025 and carbon intensity of town gas use by 36% by 2035. Key achievements include expanding its renewable energy portfolio to 354 projects with 1.8 GW of grid-connected photovoltaic capacity, and producing over 100,000 tonnes of Sustainable Aviation Fuel. Additionally, Towngas established a Board ESG Committee to strengthen governance and linked 5% of executive variable compensation to ESG objectives.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Net Zero Target
Employees