July 17, 2024 -- The Hong Kong and China Gas Company Limited (“Towngas”; stock code: 0003.HK) and Towngas Smart Energy Company Limited (“Towngas Smart Energy”; stock code: 1083.HK) have once again been included in the S&P Global Sustainability Yearbook (China Edition) 2024. Both companies have been ranked in the top 1% of Chinese companies in their industry for the Corporate Sustainability Assessment (CSA), marking the second consecutive year of this prestigious recognition. Notably, the Group is the only Chinese corporate in the gas utilities sector to achieve this top 1% ranking. This outstanding performance, selected from over 1,700 major companies across 60 industries, underscores the Group’s exceptional Environmental, Social, and Governance (ESG) practices.
Mr Felix Lee Kin-ming, Towngas Head of Group ESG / Head of Group Corporate Affairs, expressed his enthusiasm about the inclusion of both companies in the Group. He stated, “The Group places great emphasis on sustainable development, integrating ESG principles into our development strategy and daily operations. We actively engage with stakeholders, including rating agencies, to communicate our ESG progress and objectives. Our industry-leading ESG performance has enabled us to achieve more favourable international ratings.”
Mr Lee added, “On 15 August, National Ecology Day, this year, the Group will host the Biodiversity and New Energies Symposium, bringing together cross-sector experts to discuss key topics such as new energies development and biodiversity protection, demonstrating our commitment to sustainability.”
Towngas is committed to transforming into a green, low-carbon energy supplier. This includes pioneering Hong Kong’s first green hydrogen project at the Southeast New Territories Landfill Extension in Tseung Kwan O. The Company has also begun supplying hydrogen through underground gas pipelines for use in land transportation. Furthermore, Towngas has established a plant in Inner Mongolia to produce green methanol from scrap tyres for the shipping industry. Its incubated company, EcoCeres, Inc., manufactures sustainable aviation fuel from waste vegetable oil and animal fats for the aviation sector.
Meanwhile, Towngas Smart Energy is vigorously expanding its renewable energy business on the Chinese mainland, aligning with the country’s “30-60” dual carbon goals. Through strategies of integrated energy solutions, decarbonisation, and digitalisation, Towngas Smart Energy continues to invest in renewable energy projects centred around zero-carbon smart industrial parks, offering diversified services such as photovoltaics, energy storage, battery charging and swapping, carbon trading, and green electricity trading to a wide range of industrial and commercial customers.
This marks the second consecutive year that S&P Global published the Sustainability Yearbook (China Edition), which recognises companies headquartered on the Chinese mainland, Hong Kong, and Macau that demonstrate sustainability leadership in their respective industries.
For the complete list of companies included in the S&P Global Sustainability Yearbook (China Edition) 2024, please visit:
https://www.spglobal.com/esg/csa/yearbook/2024/ranking-china/index.aspx
In brief
The Hong Kong and China Gas Company Limited (Towngas) and Towngas Smart Energy Company Limited were included in the 2024 S&P Global Sustainability Yearbook (China Edition), with both placed in the top 1% of Chinese companies in their industry for the Corporate Sustainability Assessment, according to the release. The companies say this is their second consecutive year receiving the recognition. Towngas described projects spanning green hydrogen, green methanol and sustainable aviation fuel, while Towngas Smart Energy is expanding renewable energy services in mainland China, including photovoltaics, energy storage and carbon trading. The release also announced a Biodiversity and New Energies Symposium planned for National Ecology Day on 15 August. The yearbook covers companies headquartered in mainland China, Hong Kong and Macau.
Key takeaways
- Towngas and Towngas Smart Energy were each ranked in the top 1% for their industry in the 2024 yearbook, the release says.
- The companies say this is their second consecutive year receiving the recognition.
- Towngas cited work involving green hydrogen, green methanol and sustainable aviation fuel.
- Towngas Smart Energy is expanding renewable energy services and projects in mainland China.
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Press Photos:
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Both Towngas and Towngas Smart Energy have been ranked in the top 1% of Chinese companies in the gas utilities sector in S&P Global’s Corporate Sustainability Assessment (CSA).
For media enquiries, please contact:
The Hong Kong and China Gas Company Limited
Ms Carmen Wong
Assistant Corporate Communications and ESG Manager
Tel: 2963 3416 / 6159 2614
Fax: 2516 7368
Email: [email protected]
Mr Tommy Wong
Senior Corporate Communications and ESG Officer
Tel: 2963 3407 / 6695 8372
Fax: 2516 7368
Email: [email protected]
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At a glance
- Company
- The Hong Kong and China Gas Company Limited (Towngas) and Towngas Smart Energy Company Limited
- Ticker
- 0003.HK, 1083.HK
- Announcement
- Award
Key figures
- Ranking
- top 1%
- Consecutive years included
- second consecutive year
- Companies assessed
- over 1,700
- Industries represented
- 60
People
- Felix Lee Kin-mingTowngas Head of Group ESG / Head of Group Corporate Affairs
