CLP’s Smart Energy Online Platform Supports Gaw Capital in Meeting Sustainability Performance Targets

CLP has signed a Memorandum of Understanding with Gaw Capital Partners (“Gaw Capital”) to strengthen their collaboration in energy conservation and carbon reduction. Over the past few years, CLP has conducted free energy audits for Gaw Capital’s neighbourhood shopping centres and provided advice on various energy-efficient solutions. These advices were accepted as sustainability performance targets (SPTs) by bank. As a result, the bank issued a HK$14.4 billion sustainability-linked loan early this year to support Gaw Capital’s transition to low-carbon operations.

To achieve these SPTs, CLP continues to work with Gaw Capital to reduce energy consumption and carbon emissions through various initiatives. These initiatives include developing tailor-made energy management solutions for the shopping centres and providing training for their employees to enhance their retro-commissioning knowledge and capabilities. Together with the facilities management company, an expert group was established to closely monitor the shopping centres’ energy consumption through the good use of CLP Smart Energy Online (SEO). This collected data is then used for detailed analyses and evaluations to optimise energy-saving strategies and explore further opportunities for reducing energy usage. The SEO supports Gaw Capital in achieving its target of reducing energy consumption by 4.5% by 2026 or earlier. With this outstanding progress, Gaw Capital also won the Carbon Management Excellent Award at the CLP Smart Energy Award 2024.

By offering highly efficient and advanced energy-saving solutions, CLP will continue to enhance Gaw Capital’s ESG performance for further sustainable development. CLP looks forward to collaborating with more corporations to reduce energy usage and carbon emissions, moving towards achieving carbon neutrality.