Hong Kong Company, CLP Holdings Ltd. wins the Globe Sustainability Reporting Award 2010

STOCKHOLM, April 7, 2010 - CLP Holdings Limited from Hong Kong will receive this year’s Globe Sustainability Reporting Award for the best sustainable reporting. The award ceremony will take place on April 29th at gala dinner at the Nordic Museum in Stockholm, Sweden.

See the complete list of nominees here

The Jury’s Motivation

“From a very strong short list the jury has selected CLP Holdings as the winner of the Globe award for sustainable reporting for 2010. We were impressed with the report, the superb web presence, and the integrity shown by disclosing the bad news, as well as the good news stories around investment in renewable energy generation and staff safety amongst others. As a jury we were disappointed by the assurance process that CLP Holdings employed but this award is about showing leadership, not a beauty contest and with this in mind we believe that hopefully we can influence others to report as well as CLP Holdings and add thorough and credible verification and assurance”, the jury states in its motivation.

Integrated sustainable reports were sent from all over the world. After detailed discussion the jury cut down to five nominees: BT plc from UK, CLP Holdings Limited from Hong Kong, ICA AB from Sweden, Indra from Spain and Stora Enso Oyj from Finland. CLP Holdings Limited fullfilled the most all the jury’s criteria and was selected to be the winner.

“There were other very strong contenders, especially those from BT and ICA. We felt the BT entry was outstanding in most respects. The ICA entry was an exemplary version of a combined report, however we were looking for more connection than combination”, explains jury group Chairman Paul Druckman, also Chairman of the Executive Board of The Prince's Accounting for Sustainability Project.

The Jury

The jury consists of highly experienced and internationally recognized experts. The overall chairman of all jury groups is Lars-Olle Larsson, Partner PricewaterhouseCoopers Sweden

Paul Druckman, Chairman Chairman Executive Board of The Prince's Accounting for Sustainability Project, UK
Olivier Boutellis-Taft, CEO Federation of European Accountants, Belgium
Peter Wong, Member of the Board of Directors Global Reporting, Hong Kong
Brian Ballou & Dan Heitger – professors, Co-Directors, Center for Business Excellence, Farmer School of Business, Miami University, USA
Luis Perera, Partner in charge of Sustainable Business Solutions at PricewaterhouseCoopers, Chile
Susanne Stormer, Vice President, Global TBL Management, Denmark

CLP Holdings Entry

“Our report serves as a strong management tool to drive improvement, as well as communication with our stakeholders. We believe transparency is a key element. Through publicly disclosing our targets, we commit ourselves to do our best to meet them. We communicate our shortcomings as well as success, and we keep the language simple and straight forward to reach a wide audience.“