CLP Power and HSBC have signed a cooperation agreement to launch a new "Sustainable Supply Chain Finance Programme," which combines CLP's Sustainable Procurement Framework with HSBC’s sustainable finance solutions. This initiative aims to support local suppliers in enhancing their ESG performance and driving the low-carbon transformation of supply chains.
Through the "Sustainable Supply Chain Finance Programme," CLP Power will utilize ESG assessment criteria to help participating suppliers identify areas for improvement, adopt sustainable practices, and enhance resilience. The program references third-party corporate sustainability ratings and sets predefined ESG performance indicators, primarily focusing on the measurement, reporting, and reduction of carbon emissions. Suppliers who meet these indicators will benefit from preferential interest rates offered by HSBC, along with more flexible payment terms for their materials and services. The program also features a digital platform to facilitate efficient application and document processing between suppliers and CLP, enabling continuous tracking and reporting.
