HK Electric Investments & HK Electric Investments Ltd
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exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
HK Electric Investments & HK Electric Investments Ltd operates Hong Kong Island's electricity generation and distribution network. Its primary fuel source is coal, which accounted for approximately 70% of its electricity generation capacity as of its 2023 annual report. The company's Lamma Power Station is a major coal-fired facility, and while it has incorporated some natural gas and is building offshore wind capacity, coal remains the dominant and foundational fuel for its operations.
HK Electric Investments & HK Electric Investments Ltd operates Hong Kong Island's electricity generation and distribution network, which is powered primarily by coal and natural gas. The company's Lamma Power Station is a major source of local air pollution and greenhouse gas emissions. Norges Bank Investment Management (NBIM) excluded the company from its investment universe, citing "unacceptable greenhouse gas emissions" as a primary reason for divestment. This exclusion reflects the fund's assessment that the company's operations contribute to significant environmental damage through its ongoing reliance on fossil fuel-based power generation.
Research Sources
1 organization
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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