HK Electric Investments is the first fixed single investment trust listed in Hong Kong with a focus on the power industry. Our principal operating subsidiary, The Hongkong Electric Company, Limited (HK Electric), commenced operations in 1890 and is one of the longest-established utility companies in the world.
Over our long history, we have consistently supported Hong Kong's economic journey by offering safe, reliable and affordable electricity while minimising the impact of our operations on the environment as we strive to deliver sustainable growth in long-term value to our investors.
HK Electric Investments believes that open and on-going communication with our stakeholders is central to our operation and development. We engage different stakeholders through a variety of channels and stakeholder suggestions and feedback are highly valued in our decision making process as we strive for continuous improvements.
Underpinned by its core value of "Pursuit of Excellence", HK Electric is committed to delivering excellent services and supply reliability to our customers. We have been providing a world-class supply reliability of over 99.999% since 1997 and all our service standards are achieved or even surpassed every year.
To satisfy the aspirations from the community, and in support of Government’s energy and environmental policy objectives, HK Electric has launched a suite of "Smart Power Services".
HK Electric is one of the longest-established power companies in the world. The Company has a world-class record of providing a highly reliable electricity supply to Hong Kong and Lamma islands at a reasonable and affordable price.
HK Electric Investments is committed to meeting the long-term energy needs and supporting the sustainable development of the community we serve. To do this, we focus not only on powering Hong Kong with a world-class electricity supply, but also on the way we deliver it and the impacts it has on the environment.
HK Electric aspires to be an employer of choice. We have policies and systems in place to attract talents and through continuous training and development, nurture them for a fulfilling career. We offer competitive remuneration, an ideal workplace and comprehensive wellness programmes for our employees while maintaining regular and open dialogues with them.
Power Assets Holdings Ltd. (Power Assets) topped the list of 15 local companies in the Carbon Disclosure Project (CDP) for its carbon reduction and public disclosure performance in 2010.
The recently released CDP Asia ex-Japan Report 2011 named Power Assets as one of the two Carbon Performance Leaders out of 109 responded companies in the region and the only Hong Kong company that qualified for the Highest Performance Band ('A').
Power Assets' subsidiary, HK Electric, has integrated climate change strategy into its daily business operations and put in place measures to reduce carbon emissions at its Lamma Power Station.
"Power Assets is firmly committed to sustainable development and the company's ranking in the CDP has reaffirmed its continuing commitment to conducting business with a sustainable focus while also striving for continuously improving on our environmental performance", said General Manager (Corporate Development) of HK Electric, Mr. Yee Tak-chow.
To help tackle climate change, HK Electric increased the use of natural gas for power generation to 33 per cent of its total output in 2010, enabling a reduction in carbon dioxide emissions of 13 per cent over 2005 discharges when coal was the main energy source.
In determining the disclosure score for each company, CDP assesses the level of understanding and disclosure of company-specific exposure to climate-related risks and opportunities, the frequency and relevance of disclosure to key stakeholders and whether external verification of emissions data is conducted.
"It is also encouraging to note that Power Assets ranked first in the disclosure score among respondents in Hong Kong," Mr. Yee said, adding that the company is keen to communicate its sustainability performance to stakeholders with greater transparency and more disclosures that will benefit our business, customers and the community.
Since adopting independent reporting on social and environmental performances separated from the Annual Report from 2004, Power Assets launched earlier this year its first annual Sustainability Report for 2010 fulfilling the requirements of Global Reporting Initiative (GRI) A+ disclosure application level with external assurance.