Potential offtaker

Hong Kong Broadband Network Limited

www.hkbn.net

Estimated electricity consumption

N/A

Countries of production presence

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Hong Kong Broadband Network Limited (HKBN) is a leading provider of broadband and telecommunication services in Hong Kong. The company was founded in 1999 and has since then been committed to providing high-quality and reliable services to its customers. HKBN operates in the Wireline Telecommunications sector, which involves the provision of fixed-line communication services, including broadband internet, telephone, and television services.

As a responsible corporate citizen, HKBN is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions and has implemented various initiatives to achieve these targets. HKBN has adopted a three-pronged approach to decarbonisation, which includes energy efficiency, renewable energy, and carbon offsetting.

Energy efficiency is a key focus area for HKBN, and the company has implemented various measures to reduce its energy consumption. These measures include the use of energy-efficient equipment, the implementation of energy management systems, and the adoption of best practices in energy management. HKBN has also conducted energy audits to identify areas where energy consumption can be reduced and has implemented measures to address these areas.

HKBN has also invested in renewable energy to reduce its carbon footprint. The company has signed a corporate power purchase agreement (PPA) with a local renewable energy provider to purchase renewable energy for its operations. The PPA allows HKBN to purchase renewable energy at a fixed price, which provides the company with price stability and helps to reduce its exposure to volatile energy prices. The renewable energy purchased through the PPA is used to power HKBN's operations, including its data centers and network infrastructure.

In addition to the PPA, HKBN has also installed solar panels on the roofs of its buildings to generate renewable energy. The solar panels generate electricity that is used to power the company's operations, and any excess energy is fed back into the grid. HKBN's investment in renewable energy has not only helped to reduce its carbon footprint but has also provided the company with a competitive advantage in the market.

HKBN's commitment to decarbonisation is also reflected in its corporate energy strategy. The company has set a target to reduce its energy consumption by 30% by 2025, compared to its 2018 baseline. To achieve this target, HKBN has implemented various initiatives, including the installation of energy-efficient lighting and HVAC systems, the use of virtualization technology to reduce the number of servers required, and the implementation of a green procurement policy.

HKBN's commitment to decarbonisation and renewable energy has also been recognized by various organizations. The company has been awarded the Carbon Reduction Label by the Carbon Trust, which recognizes organizations that have reduced their carbon footprint. HKBN has also been included in the Dow Jones Sustainability Asia Pacific Index, which recognizes companies that demonstrate leadership in environmental, social, and governance (ESG) practices.

In conclusion, HKBN is a leading provider of broadband and telecommunication services in Hong Kong that is committed to decarbonisation and reducing its carbon footprint. The company has implemented various initiatives to reduce its energy consumption, invest in renewable energy, and achieve its corporate energy targets. HKBN's commitment to decarbonisation and renewable energy has not only helped to reduce its carbon footprint but has also provided the company with a competitive advantage in the market.