Towngas Honored at Climate Governance Awards for Leading Low-Carbon Green Transformation
Key Ideas
- The Hong Kong and China Gas Company Limited (Towngas) received dual recognition at the Climate Governance Awards for its leadership in climate initiatives and low-carbon transformation.
- Towngas, under the guidance of its Board of Directors, is expanding into new energy ventures such as green methanol, hydrogen, and sustainable aviation fuel to reduce carbon emissions across various sectors.
- The company's focus on innovation in green smart energy and sustainability principles has led to the development of projects like the first green hydrogen facility in Hong Kong and the mass production of green methanol.
- Towngas integrates ESG considerations into its operations, with the remuneration packages of top executives linked to major ESG issues including climate change response, showcasing a commitment to sustainable practices.
The Hong Kong and China Gas Company Limited, known as Towngas, has been recognized at The Hong Kong Institute of Directors' Climate Governance Awards for its outstanding leadership in addressing climate change challenges. The company has secured wins in both the 'Listed Company – Executive Directors' and 'Listed Company – Boards' categories, being the only company to receive dual recognition in the field of climate governance. Mr. Peter Wong Wai-yee, Managing Director of Towngas, highlighted the Board's forward-thinking climate response strategies and the expansion into new energy ventures like green methanol, hydrogen, and sustainable aviation fuel. Towngas's commitment to low-carbon transformation is evident through projects such as the first green hydrogen facility in Hong Kong and the mass production of green methanol, contributing to reduced carbon emissions across transportation and industrial sectors. The company's integrated approach includes incorporating Environmental, Social, and Governance (ESG) considerations into daily operations, with a specific Board ESG Committee overseeing key ESG issues. Towngas's proactive steps in combating climate change, even conducting risk assessments before the TCFD framework, highlight its dedication to sustainability and innovation in green energy. The company's future plans involve further development of green energy projects and a strong focus on energy transition to build low-carbon sustainable communities.