CK Hutchison — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2024· 36 events
The Group disposed of its former non-wholly owned subsidiary Abu Qir Container Terminal Company S.A.E. in Egypt, which became a 41% owned associated company in 2024.
sustainability_report p.92
CKI/Infrastructure division made two renewable energy acquisitions in the UK: UK Renewables Energy (portfolio of operating onshore wind farms) and Powerlink Renewable Assets (renewable energy portfolio acquired by UK Power Networks). These expand the group's renewable generation capacity.
sustainability_report p.34
The Group participated for the first time in the Carbon Disclosure Project in 2024, enabling stakeholders to further understand the Group's sustainability performance and emissions data.
sustainability_report p.15
Undertakings regarding the UK merger (3 UK with Vodafone UK) are being finalised with completion expected in 1H 2025. Post-merger, a comprehensive review of ways to enhance productivity and reduce operating and capital cost base is planned.
sustainability_report p.12
Cash proceeds from disposal of Cellnex shares amounted to HK$6.8 billion in 2024 (2023: HK$1.5 billion), contributing to the Group's free cash flow.
sustainability_report p.7
In June 2024, €500 million perpetual capital securities were redeemed with the Group's cash holdings, which increased the net debt to net total capital ratio by 0.5 percentage point.
sustainability_report p.8
Ports division, since obtaining SBTi approval, has implemented Equipment Electrification Directive (net increase of 108 electric/hybrid units) and on-site renewable energy, achieving over 15% GHG emission reduction vs 2021 baseline and over 5% carbon intensity reduction year-on-year.
sustainability_report p.23
HAT results reclassified from standalone reporting to Finance & Investments and Others segment from 1 January 2024. 2023 comparatives restated accordingly to enable consistent comparison.
sustainability_report p.19
The Group pursues renewable energy across multiple divisions. The Retail division purchased over 580 GWh of renewable energy through Energy Attributes Certificates (EACs) in selected markets (Mainland China, Hong Kong, Philippines, Malaysia, Thailand, Türkiye, Indonesia), covering almost 100% of 2024 energy consumption in those markets. CKHGT increased purchased renewable electricity to over 60% of total. The Infrastructure division acquired UK onshore wind farms (UK Renewables Energy) and Powerlink Renewable Assets in 2024. The Group spent over USD1.07 billion on renewable and other clean energy in 2024.
sustainability_report p.15
CKHGT is committed to its SBTi-aligned climate action plan and has maintained emissions at the same year-on-year level, representing approximately 25% reduction vs 2020 baseline. 3 UK deploys industry-leading energy-efficient radios combined with AI and data analytics to improve network energy efficiency by up to 70% at selected sites. 3 Hong Kong implements a 5.5G green strategy using AI energy-saving solutions to enhance overall 5G network energy efficiency. The Group spent USD864.7 million on energy efficiency in 2024.
sustainability_report p.36
The Ports division's mandatory Equipment Electrification Directive led to a net increase of 108 electric/hybrid low-carbon units in 2024, supporting over 15% GHG reduction vs 2021 baseline and over 5% carbon intensity reduction year-on-year. The Retail division expanded its EV fleet with over 80% of warehouse-to-store deliveries in several Mainland China cities made by electric vehicles, contributing to over 75% GHG emission reduction vs 2018 baseline. The Group spent USD174.7 million on sustainable transport in 2024.
sustainability_report p.15
The Infrastructure division pursues low-carbon and energy-transition investment opportunities, acquiring operating onshore wind farms (UK Renewables Energy) and Powerlink Renewable Assets in the UK in 2024. Overall GHG emissions from the Infrastructure division reduced by an estimated 5% year-on-year, equivalent to approximately 15% reduction against the 2020 baseline. The division continues to target regulated utility assets with strong clean-energy transition credentials.
sustainability_report p.34
In 2024, the Group's subsidiaries and associates spent over USD2.5 billion in green spend across: energy efficiency (USD864.7m), renewable and other clean energy (USD1,072.2m), sustainable water management (USD265.7m), sustainable transport (USD174.7m), circular economy and design (USD67.5m), biodiversity protection (USD63.9m), and sustainable supply chain (USD0.25m). This investment signals cross-division commitment to decarbonisation through supply chain and operational transitions.
sustainability_report p.15
AS Watson, as signatory to New Plastics Economy Global Commitment (Ellen MacArthur Foundation), targets 100% of plastic packaging to be reusable, recyclable or compostable by 2024 (including Exclusive Brand product packaging, eCommerce parcels and in-store carrier bags), and 20% recycled plastic content in Exclusive Brand packaging by 2025.
sustainability_report p.10
Retail division aims for its Exclusive Brand paper packaging to be made exclusively from sustainable sources by 2030. Watsons Exclusive Brands reached 100% in 2023; Kruidvat 99%, Trekpleister 96%, Superdrug 92%.
sustainability_report p.10
3 Sweden committed to increase annual sourcing of renewable electricity from 79% in 2022 to 100% by 2025, continuing through 2030. 3 Denmark also aiming for 100% renewable energy use by 2025.
sustainability_report p.9
Sustainalytics provided limited assurance review (14 April 2025) confirming Nominated Expenditures comply with use of proceeds criteria and reporting commitments in the 2023 Sustainable Finance Framework. Proceeds fully allocated by December 2024.
sustainability_report p.16
Eligible projects include 1,305 GWh of renewable energy purchased and generated by Ports, Retail and Telecommunications. Hutchison Ports invests in onsite and offsite solar, wind power and hydrogen. Retail uses on-site generation and mandates renewable electricity purchases through Energy Attribute Certificates. All CKHGT (Telecom) business units use significant renewable electricity or are actively increasing share. 3 Sweden: 79% (2022) → 100% by 2025. 3 Denmark: 100% by 2025.
sustainability_report p.9
Over 80% of a port terminal's energy consumption relates to fuel/electricity in container handling equipment and terminal vehicles. All new Hutchison Ports investments in mobile and stationary machinery will be fully electric or supplemented with clean energy. Port of Felixstowe introduced 17 new electric remote-controlled rubber-tyred gantry cranes (RTGCs) from 2024 to replace diesel models, powered by fixed busbars with compact battery system. Hybrid vehicles, where electric not yet viable, deliver 35-45% GHG reduction versus pure diesel. In 2024: 265 zero-emission vehicles/equipment, 77 EV chargers, 40 supporting infrastructure units procured.
sustainability_report p.8
3 UK refreshed network infrastructure with more efficient Radio Access Network (RAN) equipment. 5G-Transformed sites achieve 28% energy efficiency improvement (consumed energy per measured downlink traffic volume) versus 4G legacy sites, while delivering 10x site capacity increase. Drivers: more efficient equipment, higher 5G spectral efficiency, further 4G spectrum deployment. Mirrors GSMA-reported industry decoupling (31% data traffic growth vs 5% electricity growth in 2021).
sustainability_report p.9
Telecommunications division pursues circularity through end-of-life product management, eco-design and product life extension. In 2023 over 129,000 devices taken back across CKHGT markets. 3 UK 'Three Recycle' trade-in for reuse/recycling plus Reconnected donation scheme (~3,000 devices donated 2023). 3 Denmark 'Byt-til-nyt' online trade-in extended, with router leasing product launched. 3 Hong Kong 'one-stop' Recycling Handsets and Accessories Programme. 197,785 units of e-waste reused/recycled in 2024.
sustainability_report p.10
At Retail (~90% of packaging is plastic and paper), AS Watson is signatory to Ellen MacArthur Foundation's New Plastics Economy Global Commitment. Targets: 100% reusable/recyclable/compostable plastic packaging by 2024; 20% recycled content in Exclusive Brand packaging by 2025; Exclusive Brand paper packaging 100% sustainable by 2030 (Watsons 100% in 2023). 2024 procurement: 74,752 tonnes paper from FSC/PEFC/100% recycled sources and 1,971 tonnes recycled plastics.
sustainability_report p.10
The Group recognised one-time non-cash impairment of HK$1,859 million against assets and other provisions of HK$1,881 million on its telecommunications business in Vietnam (totalling HK$3,740 million), due to heightened competition, challenging operating environment, and lowered expectations for 3G/4G service revenue growth.
sustainability_report p.2
In April 2024, CKHH issued a USD 1 billion green bond due 26 April 2029, CKHH's debut sustainable finance transaction. Net Proceeds USD 994.55 million fully allocated to Eligible Projects across Clean Transportation, Renewable Energy, Energy Efficiency, and Circular Economy categories.
sustainability_report p.3
3 UK and Vodafone UK merger approval from the UK Competition and Markets Authority was received in December 2024. The Group is working with CMA to put in place the final undertakings to close the transaction with completion expected within H1 2025.
sustainability_report p.6
CKI, alongside CK Asset and Power Assets, acquired Phoenix Energy (the largest natural gas distribution network in Northern Ireland) and UK Renewables Energy (a portfolio of operating onshore wind farms in the UK).
sustainability_report p.18
The Group accepted the invitation from the Carbon Disclosure Project and took the initiative on disclosure participation, enhancing transparency of sustainability performance.
sustainability_report p.8
The Ports division has obtained Science Based Target Initiative approval and is implementing decarbonising initiatives including mandatory Equipment Electrification Directive, achieving over 5% reduction in carbon intensity year-on-year and over 15% GHG emission reduction in 2024 vs 2021 baseline.
sustainability_report p.5
During the past year, the Group has reduced approximately 20% carbon emission as compared to the baseline, on track with the decarbonisation pathway set out in the reduction targets.
sustainability_report p.8
AS Watson (Retail) purchased renewable energy through Energy Attributes Certificates (EACs) in selected markets including Mainland China, Hong Kong, Philippines, Malaysia, Thailand, T\u00fcrkiye and Indonesia, covering almost 100% of 2024 consumption with over 580 GWh of renewable energy purchased. CKHGT (Telecoms) increased its use of purchased renewable energy to over 60%. CKI continued renewable capacity expansion via acquisitions of UK Renewables Energy onshore wind portfolio and Powerlink Renewable Assets.
sustainability_report p.12
Ports division applied a mandatory 'Equipment Electrification Directive' resulting in a net increase of 108 electric/hybrid low-carbon units plus on-site renewable energy generation. Achieved >5% carbon intensity reduction YoY and >15% GHG emission reduction in 2024 vs 2021 baseline. Operations now SBTi-approved.
sustainability_report p.5
3 UK deployed industry-leading energy efficient radios combined with AI and data analytics to improve network energy efficiency by up to 70% at selected sites. 3 Hong Kong implements a 5.5G green strategy adopting AI energy-saving solutions to enhance overall energy efficiency of its 5G network. CKHGT emissions held flat YoY, ~25% reduction vs 2020 baseline.
sustainability_report p.24
Continuous transition to low-carbon vehicle fleet led to >70% GHG emission reduction in scope 1 and 2 year-on-year and >75% reduction from 2018 baseline. In Mainland China, electric vehicles now account for over 80% of warehouse-to-store deliveries in several cities.
sustainability_report p.12
CKI portfolio includes regulated electricity/gas distribution and is expanding via UK Renewables Energy (onshore wind), Powerlink Renewable Assets and Phoenix Energy. Overall GHG emissions from the Infrastructure division reduced by ~5% YoY, equivalent to ~15% reduction vs 2020 baseline.
sustainability_report p.20
The Group is preparing for increasing disclosure requirements particularly in the EU (Corporate Sustainability Reporting Directive) and Hong Kong (International Financial Reporting Standards/ISSB). In 2024 the Group engaged service consultants to prepare for future compliance and accepted the invitation from CDP to participate in disclosure, enhancing transparency.
sustainability_report p.8
One-time non-cash impairment and other provisions on the Group's Vietnam telecommunication business (Vietnamobile) of HK$3.7 billion recorded in 2024, reducing reported net earnings from HK$20.8bn underlying to HK$17.1bn.
sustainability_report p.3
2023· 6 events
CKHH invests in energy-efficiency assets demonstrating at least a 15% improvement vs baseline. Eligible projects include LEDs, energy-efficient ports/terminal equipment (electrified quays), HVAC, energy management systems, smart meters, IoT sensors, building refurbishment, 5G/fibre network upgrades, and data centres with PUE ≤1.5.
sustainability_report p.5
CKHH invests in procurement of recycled PET (rPET), FSC/PEFC-certified secondary raw materials and byproducts, products from repurposed/refurbished/remanufactured assets, e-waste collection and recycling infrastructure (3 UK Reconnected, 3 Hong Kong collection points), food-waste recycling in supermarkets, and CO2 capture and storage at waste-to-energy plants.
sustainability_report p.6
CKHH published its Sustainable Finance Framework (April 2023), enabling green/social/sustainability bonds and loans across six categories: Renewable Energy, Energy Efficiency, Clean Transportation, Circular Economy and Design, Digital Inclusion, and Pandemic Relief. Excludes fossil-fuel financing.
sustainability_report p.2
CKHH finances zero-emission vehicles, non-motorised transport, hybrid/plug-in hybrids meeting Climate Bonds Initiative and EU Taxonomy thresholds (e.g. <50 gCO2/km for cars), late-stage R&D in sustainable port technologies including remote-controlled quay cranes and automated rubber-tyred gantry cranes, and EV charging infrastructure. Fossil-fuel transport assets excluded.
sustainability_report p.5
Under the Renewable Energy category, CKHH invests in procurement and differential costs of renewable energy plus development/operation of solar, wind, bioenergy, geothermal, hydrogen, hydropower and waste-to-energy projects with emission intensity ≤100 gCO2e/kWh. Procurement is via long-term PPAs (short-term excluded) and energy attribute certificates (EACs) or contracts-for-difference (CFDs), with unbundled agreements excluded. Includes on-site solar PV and onshore wind generation, plus battery storage infrastructure.
sustainability_report p.3
The Framework is updated in 2023 to better align with CKHH's decarbonisation objective and in pursuing the Group's SBTi targets.
sustainability_report p.3
2022· 6 events
Group-wide actions to create operational efficiencies resulted in scope 1 and 2 emissions reduction of 7% in 2022 versus 2021 and 9% versus 2020.
sustainability_report p.9
In 2022, CKHH set targets to reduce scope 1 and 2 emissions by 50% by 2035 versus a 2020 baseline, and committed to pursue net-zero GHG emissions across its value chain by 2050. Targets to be validated by SBTi.
sustainability_report p.9
CKHH manages supplier risks through its Supplier Code of Conduct, encouraging business partners and suppliers to improve sustainability standards. Suppliers must disseminate the code's requirements to their employees, agents, sub-contractors and suppliers and be held accountable for non-conforming acts.
sustainability_report p.10
Commitment to pursue net-zero GHG emissions across its value chain by 2050.
sustainability_report p.9
CKHH issued its first TCFD report in 2022 and plans to update annually. All core businesses to develop net zero pathways, set Paris-aligned targets for SBTi validation, calculate scope 3 emissions.
sustainability_report p.9
CKHH's retail business aims to recruit 200,000 school-leavers by 2030 without previous work experience to create an inclusive workplace.
sustainability_report p.9