Power Assets Holdings Limited released its 2025 Sustainability Report, detailing an accelerated transition strategy aimed at achieving net-zero Scope 1 and 2 emissions before 2050. The group targets a 67 % reduction versus the 2020 baseline by 2035 and confirms coal-fired power assets now represent about 2 % of total fixed assets, down from roughly 40 % of generation capacity in 2017.\n\nRegulated businesses continue to dominate the portfolio, with transmission and distribution accounting for roughly 80 % of fixed assets across nine markets on four continents. Investments span 509,000 km of power, gas and oil networks and 2,805 MW of attributable generation capacity, including wind, solar and energy-from-waste.\n\nDecarbonisation actions in 2025 included retirement of 3,850 MW of coal capacity since 2017, an 8 % rise in renewable gas production at Australian and UK networks, and commissioning of carbon-capture facilities in the Netherlands that delivered 46,000 tonnes of liquefied CO₂ for horticultural use.\n\nThe group reported a 0.35 % gas leakage rate across UK and Australian networks after replacing 1,169 km of pipeline, while smart-grid connections in its electricity businesses reached 4.60 million customers. Renewable projects now contribute 13,526 MW of distributed connection capacity.\n\nPlanned capital and operating expenditure on climate-aligned projects totalled HK$9 billion in 2025, with 50 % directed to asset modernisation, 40 % to water, biodiversity and circular-economy initiatives, and 9 % to low-carbon technologies. Fleet electrification and hydrogen blending trials progressed, and workplace safety coverage under ISO 45001 rose to 84.50 % of employees.\n\nPower Assets reiterated its commitment to a just, inclusive transition, providing HK$166 million in community investments and 30,259 volunteer hours during the year.