Low Carbon Transition Plan

 

As a global infrastructure company, the Group's vision to shape sustainable infrastructure underpins our low-carbon transition plan. This plan, initially published in April 2023, serves as a strategic roadmap for transitioning the Group to a net zero business, detailing GHG reduction targets, commitments, and strategies. The Group is aligned with the goal of the Paris Agreement to limit temperature rise. We pledge to pursue net zero by 2050 and a 50% reduction in Scope 1 and 2 GHG emissions by 2035, using 2020 as the baseline. In 2024, CKI's Scope 1 and 2 emissions decreased by 6.0% compared to last year, and 15.6% compared to the 2020 baseline. Our result demonstrates the effectiveness of the Group's low-carbon transition plan in decarbonising its generation portfolio, addressing methane emissions in gas operations, and cleaner production of products like construction materials. By leveraging our expertise and influence, we aim to drive meaningful progress across all our business units, aligning with global climate ambitions while ensuring long-term value creation for our stakeholders.

Our Decarbonisation Ambition

The Group is actively involved in various pilot projects and energy transition opportunities to reduce emissions across its operations. We are actively supporting our businesses to further develop their decarbonisation strategies through measures such as facility modernisation, electrification, integration of renewable energy, and other capital enhancements to align with evolving market trends. The Group and our business units work closely with regulators, governments, and stakeholders across the value chain to support the commercialisation of alternative energy sources and technologies, such as hydrogen, biomethane, and carbon capture. Where possible, our business units have established GHG emissions reduction targets and commitments that align with their respective business segment contexts and unique capabilities. Some of these targets have been validated by the SBTi. We are also committed to a just transition, ensuring that investments in infrastructure and operations create secure, inclusive jobs and provide equitable access to training and career advancement opportunities in the evolving energy landscape.

We believe that our strategic approach, paired with the diverse nature of our businesses, position us to be resilient amidst various transition pathways and equip us to seize opportunities arising from this transition.

Our Roadmap to Net Zero

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Our Transition Levers

1. Decarbonising Our Generation Portfolio
2. Modernising and Digitalising Electricity Networks
3. Promoting the Reduction & Recovery of Methane and Carbon Dioxide
4. Embracing the Hydrogen Economy
5. Operating in a Resource-saving Manner
6. Developing Cleaner Methods to Produce Products and Deliver Services

Our Performance in 2024