2023-05-03

HK Electric’s Sustainability Report 2022


 
HK Electric, the main operating company of HK Electric Investments and HK Electric Investments Limited, is a power utility in Hong Kong and supplies electricity to about 586,000 customers on Hong Kong Island and Lamma Island. The Group’s newly published Sustainability Report 2022 presents its approach to sustainability and key performance during the year, as well as plans and targets for the future.

2022 was marked by new and ongoing challenges, as the global energy crisis exacerbated socio-economic hardships brought about by the COVID-19 pandemic. Despite these difficulties, HK Electric has continued to fulfil its vision of excelling in the power business by delivering electricity supply with world-class reliability and pushing on with determination to help build a stronger and more resilient city.

Sustainability highlights of the year for HK Electric are:
  • Achieved a high supply reliability rating exceeding 99.9999% for the third consecutive year and made good progress with the deployment of smart meters for its customers;
 
  • Commissioned a new gas-fired unit, L11, raising the gas-fired generation ratio of its Lamma Power Station to around 53% of total power output;
 
  • Established a science-based carbon reduction target for 2035 and initiated a scenario analysis to assess potential impacts of climate-related risks and opportunities for its business;
 
  • Implemented a series of relief measures and strengthened its energy efficiency promotions to help alleviate the impact of rising energy cost on those experiencing economic hardship, including small businesses and underprivileged families; and
 
  • Received the prestigious Gold Award for the manufacturing sector as well as the Sustainable Business Award in the BOCHK Corporate Environmental Leadership series for its outstanding environmental and sustainability performance.

Looking ahead, HK Electric will remain focused on delivering safe, reliable, clean and affordable electricity for its customers while continuing to build resilience and facilitate a fair and inclusive transition to a low and ultimately zero-carbon future. In addition to switching from coal-fired to gas-fired generation as a transitional decarbonisation measure, HK Electric is actively developing local renewable energy sources and exploring opportunities to deploy other zero-carbon energy solutions.

Please click HERE to access the Group’s Sustainability Report 2022.
 

 
HK Electric supports the development of local renewable energy sources and is expanding its solar power systems to
double the total installed capacity to 2.4 MW.
 

 
HK Electric promotes environmental awareness and low-carbon lifestyles among members of the public through its Happy Green Campaign with
emphasis on engaging younger generations.