CLP Leads the Way in Integrated Reporting
OREANDA-NEWS. March 22, 2013. CLP Holdings has cemented its role as one of the leaders in integrated reporting amongst Hong Kong-listed companies with the publication of its second integrated Annual Report
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The 2012 Annual Report comes two years ahead of the Hong Kong Stock Exchange’s (HKEx) plan to raise the obligation level of its Environment, Social and Governance (ESG) Reporting Guide to “comply or explain” by 2015.
“Our 2012 Annual Report is a reflection of our commitment to present information meaningfully and transparently to our stakeholders,” said Mr. Andrew Brandler, CEO of CLP Holdings. “It communicates the full range of factors that materially affect our ability to create value over time: from the way we deliver economic value to our shareholders and capital providers to the social value that we create through generating and supplying electricity to the communities we serve in an environmentally responsible way.”
CLP applied the Prototype of the International Integrated Reporting (<IR>) Framework that was developed by the International Integrated Reporting Council (IIRC).
The < IR> framework enables companies to tell a clear and succinct story about the way they create value over time. CLP is one of the 80+ leading companies from over 20 countries participating in the IIRC’s Pilot Programme, an innovation hub that is testing the practical application of Integrated Reporting and contributing to the development of the Prototype Framework in November 2012.
The fundamental concept underpinning the Prototype revolves around “capitals” – CLP applied this approach by reporting the manufactured, financial, intellectual, relationship, human and environmental “capitals” that are inherent to enabling CLP to power Asia responsibly.
Together with our online Sustainability Report, which complements the integrated Annual Report by providing our environmental and social performance in greater detail, CLP strives to provide our investors and stakeholders a comprehensive view of our 2012 performance.
Please send your comments and suggestions to our Company Secretary at cosec@clp.com.hk on ways to further enhance our integrated report.
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