Towngas tops four CUHK Business Sustainability Indices

The Hong Kong and China Gas Company Limited (Towngas) has been ranked first in four Business Sustainability Indices (BSI) announced today by the CUHK Business School, with Towngas attaining the highest rating of “Exemplar” across all indices. Towngas said it will continue striving for excellence across environmental, social and governance (ESG) aspects. The Company has also achieved tangible results in Climate Management for Low-Carbon Advancement. In particular, total Scope 1 and Scope 2 greenhouse gas emissions decreased by 20% from the 2020 baseline, successfully achieving the stated carbon reduction target for 2025. Since 2015, the CUHK Business School has published its annual Business Sustainability Index Series, providing companies with a framework for formulating and assessing sustainable development strategies. This year, Towngas ranked first in the following four indices: Global (Asia Pacific) Business Sustainability Index; Greater China Business Sustainability Index; Greater Bay Area Business Sustainability Index; and Hong Kong Business Sustainability Index. Towngas attained the highest “Exemplar” rating in all four indices, reflecting Towngas’s successful integration of sustainability principles into its business operations, and its commitment to creating long-term value while balancing environmental and social responsibilities. Mr Bien Wong Chun-cheung, Assistant General Manager – Group ESG cum Executive – Group Knowledge Management Office, welcomed the achievement. “Ranking first in the four indices not only reflects the tangible results of Towngas’s continued investment in green energy transition and climate strategy, but also recognises the Group’s long-standing efforts in embedding sustainable development principles into its business operations.” Towngas has long integrated ESG principles into its business operations and corporate culture. On the environmental front, the Group has actively expanded its green energy portfolio in recent years, strategically developing applications across the “sea, land and air” sectors. These include green methanol, hydrogen energy and sustainable aviation fuel (SAF), accelerating the Group’s green transformation while supporting the nation’s carbon peaking and carbon neutrality goals and the objectives of the 15th Five-Year Plan. The Group is also contributing to Hong Kong’s target of achieving carbon neutrality before 2050. Towngas is also committed to fulfilling its corporate social responsibilities and nurturing the next generation of sustainability talent. Through the Towngas Green Flame Energy Scientist Programme and the Towngas Green Flame Hydrogen City Design Competition, organised in partnership with the Electrical and Mechanical Services Department (EMSD)’s E&M Young Ambassador Programme and the education sector, students are encouraged to explore energy, climate and hydrogen-related innovations. Through diverse educational initiatives, Towngas works with schools and stakeholders to cultivate a new generation of green talent with a sustainability mindset. In corporate governance, the Group has established a multi-layered ESG governance structure led by the Board, supported by the Board ESG Committee and the ESG Steering Committee, strengthening the oversight and execution of ESG-related strategies and policies. In 2026, the Group appointed an Independent Non-Executive Director as the Chair of the Board ESG Committee, further enhancing ESG governance and oversight. The Group also links variable compensation for senior executives to the achievement of ESG performance, embedding sustainability accountability at the management level. The ESG governance framework continues to expand across business segments and functional departments, with the Group ESG Department providing overall coordination and support,  ensuring effective implementation of ESG strategies and underscoring the Group’s unwavering commitment to sustainable development. Mr Bien Wong Chun-cheung (2nd from left), Towngas Assistant General Manager – Group ESG cum Executive – Group Knowledge Management Office, and Ms Margaret Wong Suen-ling (2nd from right), Towngas ESG Manager, receive certificates on behalf of Towngas from Mr Albert Chow Hing-pong (1st from left), Vice President (Administration) of the Chinese University of Hong Kong, and Ms Linda Lam Mei-sau, SBS (1st from right), Chairperson of the Equal Opportunities Commission, for ranking first in the Global (Asia Pacific) Business Sustainability Index, the Greater China Business Sustainability Index, the Greater Bay Area Business Sustainability Index and the Hong Kong Business Sustainability Index. Mr Bien Wong Chun-cheung, Assistant General Manager – Group ESG cum Executive – Group Knowledge Management Office shares the Group’s practical experience in ESG data management and information disclosure at the CUHK Business Sustainability Conference 2026. Towngas has implemented multiple measures to reduce the Group’s GHG emissions. Total Scope 1 and Scope 2 greenhouse gas (GHG) emissions decreased by 20% from the 2020 baseline, successfully achieving its stated carbon reduction target by 2025. The Towngas Green Flame Hydrogen City Design Competition, organised in partnership with the education sector, attracted applications from nearly 60 primary schools and participation from more than 250 students.