HK Electric Investments is the first fixed single investment trust listed in Hong Kong with a focus on the power industry. Our principal operating subsidiary, The Hongkong Electric Company, Limited (HK Electric), commenced operations in 1890 and is one of the longest-established utility companies in the world.
Over our long history, we have consistently supported Hong Kong's economic journey by offering safe, reliable and affordable electricity while minimising the impact of our operations on the environment as we strive to deliver sustainable growth in long-term value to our investors.
HK Electric Investments believes that open and on-going communication with our stakeholders is central to our operation and development. We engage different stakeholders through a variety of channels and stakeholder suggestions and feedback are highly valued in our decision making process as we strive for continuous improvements.
Underpinned by its core value of "Pursuit of Excellence", HK Electric is committed to delivering excellent services and supply reliability to our customers. We have been providing a world-class supply reliability of over 99.999% since 1997 and all our service standards are achieved or even surpassed every year.
To satisfy the aspirations from the community, and in support of Government’s energy and environmental policy objectives, HK Electric has launched a suite of "Smart Power Services".
HK Electric is one of the longest-established power companies in the world. The Company has a world-class record of providing a highly reliable electricity supply to Hong Kong and Lamma islands at a reasonable and affordable price.
HK Electric Investments is committed to meeting the long-term energy needs and supporting the sustainable development of the community we serve. To do this, we focus not only on powering Hong Kong with a world-class electricity supply, but also on the way we deliver it and the impacts it has on the environment.
HK Electric aspires to be an employer of choice. We have policies and systems in place to attract talents and through continuous training and development, nurture them for a fulfilling career. We offer competitive remuneration, an ideal workplace and comprehensive wellness programmes for our employees while maintaining regular and open dialogues with them.
HK Electric Investments is committed to operating our business in a responsible and transparent manner, taking into consideration international consensus and industry best practices.
Among these are the United Nations' Sustainable Development Goals (SDGs), out of which we have pledged to support three that are closely aligned with our corporate strategies and business priorities:
To help achieve these SDGs, we have developed corresponding internal targets as illustrated and reported in our Sustainability Reports:
Particularly on climate action, in support of Hong Kong's zero-carbon transition under the city's Climate Action Plan 2050, HK Electric Investments targets to achieve carbon neutrality in our operations before 2050 in the long term.
We have updated our science-based carbon reduction target and committed to reduce scope 1 greenhouse gas emissions 68.4% per kWh of electricity generated by 2035 from a 2019 base year. As we run a vertically integrated utility business, all of our electricity consumed is generated by ourselves and the associated scope 2 emissions are covered in our scope 1 emissions.
This target aligns with the Paris Agreement and is in line with a well-below 2°C trajectory. It has been validated and approved by the Science Based Targets initiative.