Towngas Recognized for Leading ESG Performance in Asia-Pacific Region
Key Ideas
  • Towngas achieves a notable S&P Global ESG Score of 71, a six-point improvement, reinforcing its commitment to managing ESG risks and impacts.
  • The company is actively transitioning into an integrated clean energy supplier by expanding into green methanol, hydrogen, and sustainable aviation fuel.
  • Towngas engages in various community initiatives, benefiting over 8.5 million individuals, focusing on marginalized groups, and promoting social support.
  • Recognized for its ESG achievements, Towngas garners accolades such as 'AA+' in Hang Seng Corporate Sustainability Index and inclusion in various sustainability indices.
The Hong Kong and China Gas Company Limited, known as Towngas, has been included in the prestigious Dow Jones Sustainability Asia/Pacific Index for the third consecutive year. With an impressive S&P Global ESG Score of 71, a significant increase from the previous year, Towngas stands out for its dedication to sustainability practices. The company's Head of Group ESG highlights their commitment to integrating ESG principles into daily operations, emphasizing a shift towards becoming a clean energy provider. Towngas is actively involved in green energy projects, including the production of green methanol, hydrogen, and sustainable aviation fuel. Notably, the company is participating in Hong Kong's first green hydrogen production project, showcasing its contribution to reducing carbon emissions. On the social front, Towngas has contributed over 1 million service hours, focusing on diverse community groups and hosting events to promote social inclusivity. In terms of corporate governance, Towngas emphasizes risk management and infrastructure resilience, with the Board ESG Committee overseeing crucial ESG issues. The company's remarkable ESG performance has garnered accolades such as 'AA+' rating in Hang Seng Corporate Sustainability Index, reflecting its industry leadership. As Towngas continues to enhance its sustainability efforts, its inclusion in various global sustainability indices reaffirms its commitment to environmental, social, and governance excellence.
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