Many of the communities that the company CLP serves are in urgent need of power to support theireconomic and social development. Bringing affordable energy on a long-term and sustainable basis means that CLP must work with coal as it is the dominant fuel of choice in the Asia-Pacific region, but the company intends to do so responsibly. CLP also works with cleaner sources of energy such as gas, renewables and nuclear when it is practical to do so.
Founded in Hong Kong over a century ago, CLP is a leading power company in the Asia-Pacific region. CLP is committed to providing energy solutions in a financially, socially and environmentally responsible manner.
CLP’s investments on the mainland epitomize its approach to powering Asia responsibly. Supporting the Chinese government’s goal of reducing the carbon intensity of its economy, CLP has been actively pursuing clean energy opportunities on the mainland. From a small hydro project in Guangdong province started in 1997, the company’s portfolio today includes wind, nuclear, hydro and biomass. Where CLP works with coal, it uses more efficient and cleaner technology. The company’s goal is to maintain a balanced portfolio that allows it to produce power in an affordable manner, while meeting the promise of decarbonizing its generation portfolio by 75% by 2050.
In addition to commercial investments, community investments also play a role in supporting sustainable growth on the mainland. Recognizing the importance of preparing the next generation of leaders for complex challenges, CLP has been supporting a number of education initiatives in China.
In November 2009, the company established the CLP-Tsinghua University Clean Energy Education Fund to support students with financial difficulties at the Department of Electrical Engineering at Tsinghua University and to support research programs on clean energy. Through these efforts, the Fund aims to contribute to the mainland’s electricity sector by developing a pool of experts in clean energy.
At the basic-education level, CLP also runs a Young Power Program to promote environmental awareness and social responsibility through activity-based thematic learning, and has been contributing to the establishment of 11 Hope Schools with the goal of raising the literacy level and improving the learning conditions for rural children in Guizhou and Sichuan.
CLP recognizes that sustainable growth requires collective action and will continue to raise awareness about the importance of sustainability and to exchange information so that a low-carbon future becomes a reality in China.
Article originally published in the November 2010 edition of Sustain, the magazine of the World Business Council for Sustainable Development.