CLP Holdings Ltd

CLP Holdings operates a diversified generation portfolio across the Asia-Pacific region, which includes significant coal-fired power capacity. The company's assets include coal-fired plants in Australia, such as the Yallourn and Loy Yang power stations, and in mainland China. In 2015, Norway’s Government Pension Fund Global (NBIM) excluded CLP Holdings on the grounds that it derived more than 30% of its income from coal-fired electricity generation.

While CLP Holdings has set public decarbonization targets and discloses climate-related information, its operational footprint remains tied to thermal coal generation. The company continues to own and operate coal-fired power stations that are among the most carbon-intensive assets in its portfolio.

CLP Holdings Ltd operates a diversified energy portfolio across the Asia-Pacific region, with a significant portion of its generation capacity reliant on fossil fuels. The company's environmental record includes documented incidents of ecological damage stemming from its operations. In 2022, CLP's coal-fired Castle Peak Power Station in Hong Kong was identified as a major local source of sulfur dioxide emissions, a criteria air pollutant linked to respiratory harm and acid rain. Beyond air emissions, the company's legacy and ongoing thermal power operations pose risks of soil and water contamination from coal ash disposal and chemical handling.

The company's subsidiary, CLP India, has faced regulatory scrutiny for environmental compliance at its coal-based power plants. While CLP publishes sustainability reports and has an environmental management framework, its continued operation and investment in fossil fuel infrastructure—including coal and natural gas plants—perpetuate the risk of future toxic contamination and habitat disruption associated with fuel extraction, transportation, and waste byproducts. The scale of its fossil generation, which constituted a substantial part of its energy output in recent reporting years, anchors these environmental risks as a material and ongoing aspect of its business.