CLP added to Global Dow and Dow Jones Indexes

CLP Holdings has been added to the Global Dow and has entered the Dow Jones Sustainability Asia Pacific Index and the Dow Jones Sustainability Asia Pacific 40 Index.

The Hong Kong-based listed company is one of two HK companies recently included in the Global Dow in the component changes made effective 1 April. The Global Dow is a 150-stock index that measures the performance of the most innovative and influential corporations from around the world. Companies’ size, reputation, and importance in the global economy are among the criteria considered in the annual stocks weighting and rebalancing.

Along with two other HK companies, CLP made it to the DJSI Asia Pacific. As for the DJSI Asia Pacific 40, a subset of the Index that measures the performance of the largest 40 sustainability leaders in the region, CLP is the only company in Hong Kong that was included.

Andrew Brandler, CEO of CLP Holdings, said, "This reflects the growing focus of investors on companies' capability in risk management. Time has proved that more sustainability-oriented companies like CLP are solid and well-grounded, and tend to emerge from the downturn of the financial cycle stronger than before."

The energy company has previously announced its voluntary commitment to combating climate change through a manifesto entitled "CLP’s Climate Vision 2050," which included carbon emissions intensity reduction targets. CLP also publishes its Sustainability Report every year and has responded to social and investor-related surveys including the Carbon Disclosure Project.

"This is also a recognition of our unremitting endeavour to establish good corporate governance and address sustainability issues such as climate change, whether in good or bad times," said Brandler about CLP's entry to the Indexes.

CLP Holdings Limited is the holding company for the CLP Group, one of the largest investor-owned power businesses in Asia. Through CLP Power Hong Kong, it operates a vertically integrated electricity supply business in Hong Kong and provides electricity to over 5.5 million people in its supply area. Outside Hong Kong, CLP also invests in energy businesses in mainland China, Australia, India and Southeast Asia.

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