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CREATING BUSINESS
OPPORTUNITIES
26 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2020 CREATING BUSINESS OPPORTUNITIES 27
06 CREATING BUSINESS

OPPORTUNITIES

Turning Promises into Action

Although global carbon emissions fell by a record 7 per cent in 2020 because of the
COVID-19 pandemic, this was only a temporary respite from issues associated with
the worldwide climate emergency. At Towngas, we have the resources, expertise and
determination to take on the challenges of climate change through the innovative
research we do in green technologies and the investments we make in green businesses.
With these and the other measures we have undertaken, we are well positioned to make
a significant contribution towards a more sustainable future for our stakeholders and the
world at large.

Management

Approach

In line with our vision to be Asia’s leading supplier of clean energy, we have been developing more sustainable
forms of energy that will substantially transform our business in years to come.

We recognise that the global energy transition currently under way poses not a challenge to our business of
supplying gas in Hong Kong and mainland China, but an opportunity. By diversifying into related businesses such
as clean energy and smart energy, we can play a leading role in this transition.

Beyond developing new forms of energy, we will also continue to capture business opportunities in sectors such
as waste treatment, water supply and telecommunications. By taking advantage of these opportunities, we can
remain commercially competitive and thrive under the new green economy.