Towngas Recognized for Strong ESG Performance and Sustainability Initiatives in Hong Kong
Key Ideas
  • Towngas has improved its S&P Global ESG Score to 71, showing progress in managing ESG risks and opportunities.
  • The company is actively transitioning to become an integrated clean energy supplier by developing new energy businesses.
  • Towngas is expanding its green fuel solutions with projects like green methanol, hydrogen, and sustainable aviation fuel.
  • Recognized for strong ESG performance, Towngas has received multiple accolades and ratings in various sustainability indices.
The Hong Kong and China Gas Company Limited (Towngas) has been included in the Dow Jones Sustainability Asia/Pacific Index for the third consecutive year, demonstrating a strong Environmental, Social, and Governance (ESG) performance. Towngas achieved an S&P Global ESG Score of 71, showcasing a six-point improvement, highlighting the company's commitment to managing ESG risks and opportunities. The company is actively shifting towards becoming an integrated clean energy supplier, focusing on new energy businesses to support global low-carbon green transformation. In terms of environmental initiatives, Towngas is expanding its supply of green methanol, hydrogen, and sustainable aviation fuel to cater to various transport and industrial needs, with a particular involvement in Hong Kong's green hydrogen production project at the SENT Landfill. Socially, Towngas has a strong focus on community support through volunteering activities, benefiting over 8.5 million individuals. The company's corporate governance emphasizes risk management, resilience, and ESG matters overseen by the Board ESG Committee. Towngas has received numerous accolades for its ESG performance, including high ratings in the Hang Seng Corporate Sustainability Index, MSCI ESG Ratings, and CDP Climate Change. Recognized in sustainability yearbooks and various sustainability indices, Towngas continues to enhance its ESG performance and implement sustainability initiatives to contribute positively to society.
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