Power Assets Holdings Limited

InfluenceMap Score
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Performance Band
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Organisation Score
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Relationship Score
Sector:
Utilities
Head​quarters:
Hong Kong, Hong Kong
Official Web Site:
Wikipedia:

Climate Lobbying Overview: Power Assets Holdings does not appear to be actively lobbying on climate change policy. The company supports the UN Paris Agreement, and climate neutrality objectives in the UK, Australia and Hong Kong.

Top-line Messaging on Climate Policy: Power Assets Holdings’ engagement on climate change through its top-line communications is positive, despite being limited. In its 2020 Sustainability Report, the company stated support for GHG emission reductions to limit warming to below 2°C and meet the UN Paris Agreement objectives. In the same 2020 report, CEO Tsai Chao Chung "Charles" appeared to support climate neutrality objectives in the UK, Australia and Hong Kong.

Engagement with Climate-Related Regulations: Power Asset Holdings does not appear to transparently disclose positions on, or engagement with, specific climate-related policy and regulations. The company did not respond to any of CDP's Climate Change Information Requests from 2016-2020.

Positioning on Energy Transition: Power Assets Holdings has a mixed position on the energy transition, albeit with limited engagement. In its 2020 Sustainability Report, the company supported an expanded role for green hydrogen in the energy mix to help decarbonize the economy. In the same 2020 report, the organization stated support for measures to help decarbonize and electrify the economy, including the roll-out of smart meters and electric vehicle charging infrastructure. However, it also supported a role for hydrogen blended with fossil gas, which has the potential to lock-in fossil gas in the energy mix.

Industry Association Governance: Power Assets Holdings has not disclosed its industry association memberships and details on indirect climate-related lobbying activities including positions of industry associations, nor how the company is attempting to influence these positions. Power Assets Holdings has not published an audit of its alignment with industry links. InfluenceMap could not identify any memberships to industry associations in InfluenceMap's database.

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.

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Strength of Relationship
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How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.