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5

building owners interested in installing EV charging

facilities. We will also continue to provide free charging

services at our charging stations until the end of 2017.

In our own fleet, we have replaced most of the retired

petrol cars with EVs, making our EV fleet one of the largest

in Hong Kong.

Award-winning Customer Service

We take great pride in our ability to provide an excellent

supply of electricity to customers. Since 1997, we have

maintained power supply reliability at higher than 99.999%

and, since 2009, have kept the average unplanned

customer minutes lost to less than one minute per year.

In 2016, we again met or surpassed all of the 18 pledged

customer service standards.

This record of service has contributed to Hong Kong being

ranked among the top three for the fifth consecutive year

in the Global Competitiveness Index compiled by the World

Economic Forum in terms of quality of electricity supply.

Our customer service was also well recognised during the

year with creditable awards such as the coveted 2016

Excellence Award of the Mystery Shopper Programme,

organised by the Hong Kong Retail Management

Association.

What’s more, we have maintained this high standard of

service while keeping the tariff rates at a reasonable level.

For 2017, we lowered our tariff for the second year

through a 17.2% reduction in our net tariff with the

offer of two special rebates.

Extending Care to the Community

Caring for the elderly remained a priority for us through

initiatives such as the CAREnJOY programme. Partnering

with all District Councils on Hong Kong Island, two Rural

Committees on Lamma Island and eight elderly service

agencies, we continued to provide care to seniors living

alone through monthly home visits.

In 2016, we celebrated the 10

th

anniversary of the

University of 3

rd

Age co-founded with The Hong Kong

Council of Social Service, encouraging active ageing among

local retirees.

Ensuring Employee Wellness

Health and safety in our daily operations continued to

be at the top of our agenda. In 2016, the overall safety

performance improved from the previous year.

To promote health among our employees, we encourage

daily physical exercise in the workplaces and during the

year launched a new campaign called StairWELL, which

incentivised colleagues to walk up the stairs of our

buildings. I myself walk up the stairs of Hongkong Electric

Centre almost every day and can personally attest to the

health benefits of stair climbing. I encourage everyone,

not just our colleagues, to “step up for fitness“.

Another focus at HK Electric is providing professional

development opportunities for our employees and

equipping them with skills and knowledge. In 2016,

we further promoted the use of online learning resources

for continuous employee development.

Embracing Good Corporate Governance

Good corporate governance is the cornerstone of a

successful organisation. In 2016, we continued to upgrade

the Enterprise Risk Management and Internal Control

Frameworks, and put in place measures such as a new

Fraud Prevention and Awareness Policy to minimise our

exposure to fraud.

In addition, we implemented the Compliance Framework

and the Regulatory Compliance & Monitoring Programme.

To manage our compliance obligations more effectively,

we enhanced the Framework with support from subject

matter experts in specific compliance areas.

2017 and Beyond

Entering into 2017, we will continue to work closely with

the Government and other stakeholders to chart the

best way forward for Hong Kong’s electricity market,

particularly with regard to the post-2018 regulatory

framework. We will also be working diligently to ensure

the timely delivery of the new gas-fired power plants

and to secure a more stable supply of natural gas. We are

also keen to support the Government’s 2030 carbon

reduction target of reducing the city’s carbon intensity by

65-70% from the 2005 level in response to the Paris

Agreement reached at the 2015 UN Climate Change

Conference (COP21).

This is an exciting era for HKEI and, indeed, the energy

sector as a whole. While there may be other challenges

ahead, I am confident that we are on the right track in

our sustainability journey, and am grateful to all our

stakeholders for working with us to set the scene for

a low-carbon and sustainable Hong Kong.

Wan Chi-tin

Chief Executive Officer

March 2017