Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Power Assets Holdings does not appear to actively engage with climate policy. While supporting the Paris Agreement and government policy on climate change, it also advocates for fossil gas in the low-carbon energy transition.
Top-line Messaging on Climate Policy: Power Assets Holdings has positive, albeit limited top-line communication on climate policy. In its 2023 Annual Report, published in March 2024, it appeared to recognize some of the science of climate change. In its 2022 Sustainability Report, published in March 2023, it supported government-led policies to expedite climate action.
Engagement with Climate-Related Regulations: The company has not disclosed any positions on specific climate-related policy as of July 2024.
Positioning on Energy Transition: The company takes both positive and negative positions on the transition of energy mix. In its 2023 Sustainability Report, published in March 2024, Power Assets Holdings supported a low carbon transition of energy systems. In the same report, it also supported the electrification of vehicles globally. However, in its 2022 Sustainability Report, published in March 2023, it called for a transition to renewables and gas-fired power, without placing conditions on the deployment of CCS and methane abatement measures. In its 2022 Annual Report, published in March 2023, the company advocated for the blending of green hydrogen with fossil gas for heating and power generation, without stating the need to fully decarbonize the energy mix.
Industry Association Governance: Power Assets Holdings has not disclosed its industry association memberships. InfluenceMap found the company holds membership to the Hydrogen Council, which advocated for both low-carbon and renewable forms of hydrogen in the energy mix.
Additional Note: Power Assets Holdings Ltd is headquartered in Hong Kong, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of Power Assets Holdings Ltd's climate policy engagement activities, these scores should be considered provisional at this time.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information, see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2024.