July 29, 2024 -- The Hong Kong and China Gas Company Limited (Towngas) has announced its inaugural inclusion in the FTSE4Good Index Series, along with an improved ESG Rating from FTSE Russell. Concurrently, at the UNSDG Achievement Awards Hong Kong 2024, Towngas clinched the Sustainable Organisation Award – Bronze and three project awards: Individual SDG Award, Individual SDG Award (SME), and Recognised Project Award. Towngas is grateful for the recognition and pledges to continue its efforts towards sustainable development goals.
Mr Felix Lee Kin-ming, Towngas Head of Group ESG / Head of Group Corporate Affairs, feels delighted with these accolades. He stated, “The Group has long prioritised ESG considerations. Towngas’ inclusion in the FTSE4Good Index Series demonstrates our commitment to continual improvement and our collective effort towards environmental sustainability and smart energy development.”
At the UNSDG Achievement Awards Hong Kong 2024, organised by the Green Council, Towngas received the Sustainable Organisation Award – Bronze, acknowledging the Group’s culture of sustainable development. Towngas’ ESG Strategy, “ENERGY”, encompasses six key areas: Energising the Ecosystem, Neutralising our Footprint, Engaging with Society, Retaining our Strengths, Greening the Future, and Young-at-heart with Resilience. These principles are integrated across various business aspects.
Three Towngas projects were also recognised. The “Fueling the Future: Transition to a Hydrogen Economy” project won the “Individual SDG Award - Goal 7: Affordable and Clean Energy”. Towngas is extracting hydrogen from its gas network to provide hydrogen energy to customers. Applications include a memorandum of cooperation with Citybus’ parent company, Bravo Transport Services Limited, to supply hydrogen for public buses, a hydrogen fuel cell power generation pilot project at a padel court in Sai Kung, and Hong Kong’s first green hydrogen project in collaboration with Veolia at the South East New Territories Landfill Extension, producing green hydrogen from biogas.
The Group’s restaurant, CulinArt 1862, won the “Individual SDG Award (SME): Responsible Consumption and Production”. CulinArt 1862 integrates culinary art, sustainability, and food waste reduction in its operations, using IoT Smart Kitchen, sourcing seasonal ingredients from the Towngas Organic Farm, and implementing waste reduction initiatives and green procurement.
Additionally, Towngas became the first utility in Greater China to launch a green supply chain finance programme, promoting ESG practices among suppliers. This initiative earned the Group the Recognised Project Award.
Towngas recognises that both vision and implementation are crucial in sustainable development, and is committed to developing various sustainable solutions and actively applying them across various scenarios. Through these efforts, Towngas aims to make meaningful contributions to a wide range of Sustainable Development Goals.
In brief
The Hong Kong and China Gas Company Limited (Towngas) says it has joined the FTSE4Good Index Series for the first time and received an improved ESG Rating from FTSE Russell. At the UNSDG Achievement Awards Hong Kong 2024, it received the Sustainable Organisation Award – Bronze and three project awards. The recognised work includes a hydrogen initiative, restaurant CulinArt 1862’s efforts around responsible consumption and food waste, and a green supply chain finance programme. Towngas says it extracts hydrogen from its gas network for customer use and cites projects involving public buses, a Sai Kung fuel-cell pilot and green hydrogen production with Veolia. The company says sustainability principles are integrated across its business and that it will continue developing and applying sustainable solutions.
Key takeaways
- Towngas says it was included in the FTSE4Good Index Series for the first time and received an improved ESG Rating.
- The company received a Sustainable Organisation Award – Bronze and three project awards at the Hong Kong ceremony.
- A hydrogen project was recognised for its work on affordable and clean energy, including several applications cited by Towngas.
- CulinArt 1862 and Towngas’ green supply chain finance programme also received recognition.
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Press photos:
Photo 1:
Towngas Group has been included in the FTSE4Good Index Series.
Photo 2:
Mr Sammy Kong Siu-kuen, Assistant General Manager - Commercial & Industrial Marketing & Sales (left), represents Towngas in receiving the “Individual SDG Award - Goal 7: Affordable and Clean Energy” at the UNSDG Achievement Awards Hong Kong 2024.
Photo 3:
Ms Catherine Wong Pui-yee, General Manager - Retail Marketing and Sales (2nd from right), leads the team representing Towngas’ CulinArt 1862 in receiving the “Individual SDG Award (SME) - Goal 12: Responsible Consumption and Production” at the UNSDG Achievement Awards Hong Kong 2024.
Photo 4:
Towngas receives the “Sustainable Organisation Award – Bronze” at the UNSDG Achievement Awards Hong Kong 2024.
Photo 5:
Towngas accepts the “Recognised Project Award” at the UNSDG Achievement Awards Hong Kong 2024.
Photo 6:
Towngas achieves remarkable success, winning multiple awards at the UNSDG Achievement Awards Hong Kong 2024.
Photo 7:
CulinArt 1862 uses seasonal ingredients in its dishes, promoting environmentally-friendly dining.
Photo 8:.jpeg.aspx?width=450&height=337)
The hydrogen fuel cell power generation pilot project at a padel court in Sai Kung has promoted the development of hydrogen energy applications in Hong Kong.
For media enquiries, please contact:
The Hong Kong and China Gas Company Limited
Ms May Tam
Assistant Corporate Affairs Manager
Tel: 2963 3475 / 9192 0062
Email: [email protected]
Ms Kara Kwong
Senior Corporate Affairs Officer
Tel: 2963 3497 / 6698 3357
Email: [email protected]
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Questions around this news
What does ESG mean?
ESG stands for environmental, social and governance. It describes areas organizations may consider when assessing their impacts, responsibilities and management practices. Environmental topics can include emissions and resource use; social topics can include relationships with employees and communities; governance concerns how an organization is directed and held accountable.
Which recognitions did Towngas receive at the UNSDG Achievement Awards Hong Kong 2024?
Towngas received the Sustainable Organisation Award – Bronze and three project awards: the Individual SDG Award for its hydrogen economy project, the Individual SDG Award (SME) for CulinArt 1862, and the Recognised Project Award for its green supply chain finance programme. The release says the awards were organised by the Green Council.
What is green supply chain finance?
Green supply chain finance links financing options for businesses in a supply chain with environmental or sustainability considerations. It can be used to encourage suppliers to adopt or maintain practices aligned with sustainability goals, while supporting the financing of transactions between buyers and suppliers.
Earlier from The Hong Kong and China Gas Company Limited (Towngas)
- Career in a Nutshell programme transforms secondary school students, giving them a head start in the workplace
- Anson Lo figure added to “Look Closer and Wonder: Central and Western District in Miniature” Exhibition as Towngas hosts tours and workshops for underprivileged families
- Towngas to host Biodiversity and New Energies Symposium to explore green energy transition and promote sustainable development
- Towngas wildlife photo contest winners selected among 1,000+ entries, showcasing rich biodiversity in Greater China
- Towngas and HKCS host dumpling-wrapping event for “elders with emigrant family”, alleviating their loneliness with various support
