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Power Assets Wins Gold Award for CSR Commitment

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Power Assets Wins Gold Award for CSR Commitment

8 Dec 2011

Power Assets Holdings Ltd. (formerly known as Hongkong Electric Holdings Ltd.) was today awarded the Gold Prize in the Services Enterprise Category and the Bronze Prize for Outstanding Corporate Volunteer Team in the 2nd Hong Kong Outstanding Corporate Citizenship Award.

The awards came as another major recognition of the Company's performance in corporate social responsibilities (CSR) following the Total Caring Award received from the Hong Kong Council of Social Service earlier this year.

Presented by the Hong Kong Productivity Council, the award scheme aims to enhance CSR awareness and to encourage companies to integrate corporate citizenship into their business strategies and operations. Award criteria include considerations of the Company's CSR profile and vision, initiatives and impacts on society, review mechanisms and contributions to employees' well-being, as well as sustainability of the environment and community as a whole.

To oversee CSR work within the Company, Power Assets has in place a CSR Committee chaired by the Group Managing Director. The committee sets out policies and measures with a view to integrating CSR considerations into the management and day-to-day operations of the Company.

Power Assets' Director of Operations, Mr. Yuen Sui-see was delighted to receive the award. "We understand the expectations from our stakeholders and are committed to caring for our customers, staff, the environment and community at large," he said.

On caring for staff, Power Assets strives to build up a safe and harmonious working environment for its employees. Through its "SHINE" philosophy in human resources management, the Company encourages every employee to grow both in their career and personal developments.

Power Assets' major subsidiary in Hong Kong, HK Electric, is equally committed to protecting the environment through emission reduction measures in power generation and the wider use of cleaner fuels and renewable energy (RE). The Company continues to provide world-class electricity supply of reliability rating above 99.999%, a record maintained since 1997. Customer Service Standards are published every year to ensure service levels, and concessionary tariffs and various special services are provided for the under-privileged.

Extending further care to the community, the Company, through its Centenary Trust, provides scholarships to secondary school students and finance the U3A Network of Hong Kong to promote life-long learning and volunteerism among local retirees. The Company's Clean Energy Fund also supports the educational sector in carrying out RE projects on campus, while the Smart Power Campaign is organised annually to educate the younger generation on energy-saving and low carbon lifestyle.

Power Assets Volunteers' Team has been awarded the Bronze Prize in the Outstanding Corporate Volunteer Team category. The team has been active in supporting elderly care services and environmental projects and has accumulated a total of 26,000 service hours since 2004. Power Assets volunteers also conduct monthly electrical inspections for single elderly living in public housing. Under the "CAREnival for the Elderly" programme, elderly volunteers team up with those from Power Assets to help identify "hidden elders" in the community and introduce them to available services. Our volunteers also support a variety of meaningful green activities, such as tree caring and beach cleaning, and serve as eco-leaders to educate the public on ecology.

Mr. Yuen said: "The award is an encouragement to us and we will continue to strive for the best and serve the community, so as to continue contributing to the sustainable developments of Hong Kong."

Mr. Yuen Sui-see (left) receives the Gold Prize from Chief Secretary for Administration, Mr. Stephen Lam.

Mr. Yuen Sui-see (left) receives the Gold Prize from Chief Secretary for Administration, Mr. Stephen Lam.

General Manager (Public Affairs), Ms. Mimi Yeung (left) receives the Bronze Prize from Dr. Jennifer Ng, Chairperson of the award scheme’s judging panel and member of the Committee on the Promotion of Civic Education.

General Manager (Public Affairs), Ms. Mimi Yeung (left) receives the Bronze Prize from Dr. Jennifer Ng, Chairperson of the award scheme's judging panel and member of the Committee on the Promotion of Civic Education.

Chaired by the Group Managing Director, Power Assets’ CSR Committee sees to the Company’s work in integrating corporate social responsibilities into its day-to-day operations.

Chaired by the Group Managing Director, Power Assets' CSR Committee sees to the Company's work in integrating corporate social responsibilities into its day-to-day operations.

Power Assets is committed to fostering holistic development of its employees.

Power Assets is committed to fostering holistic development of its employees.

Power Assets is committed to increasing the use of cleaner energy such as natural gas, solar power and wind power.

Power Assets is committed to increasing the use of cleaner energy such as natural gas, solar power and wind power.

Four different types of concessionary tariffs are provided to the under-privileged.

Four different types of concessionary tariffs are provided to the under-privileged.

Jointly organised with the Hong Kong Council of Social Service, the U3A programme aims at promoting life-long learning and volunteerism among local retirees.

Jointly organised with the Hong Kong Council of Social Service, the U3A programme aims at promoting life-long learning and volunteerism among local retirees.

The Power Assets Volunteers Team comprises over 900 employees, close to half of the Company’s total workforce.

The Power Assets Volunteers Team comprises over 900 employees, close to half of the Company's total workforce.