Last year saw a series of unprecedented global issues, while the movement of net zero commitments by countries, businesses and investors constituted an important step in the right direction.
In the context of the global energy transition trend, CTGI revised the Company's Business Plan (2022-24) which now comprises ambitious ESG goals and targets. The core of our business strategy is to support and promote the transition to a low-carbon economy whilst enabling the security of energy supply.
Guided by this latest Business Plan and with the unremitting efforts of all employees worldwide, we have achieved remarkable results in 2022. We continuously supplied 31.636TWh clean energy globally, especially the 720MW Karot Hydropower Project successfully entered into commercial operation, marking the largest HPP (Hydro Power Plant) in Pakistan in the year that entered COD (Commercial Operation Date), which benefits 5 million local people by providing affordable clean electricity. We remained the second largest private power generation company in Brazil while initiating to diversify our assets' portfolio through investment and development of wind and solar. We have also become the fifth largest renewable generation company in Spain, gaining the recognition in European energy sector. In addition, we have newly expanded our business to Mexico's renewable sector, investing in solar plants and increasing our contribution to the Central American energy transition. All these achievements showed our resilience and the ability to maintain sustainable growth and ensured our global credit ratings A+, A, and A1 from Fitch, S&P, and Moody's.
Last year witnessed our active interaction and response to climate change. We have been decreasing our carbon footprints during the year and the clean energy that CTGI generated equals 5,496,537.60 tonnes of CO₂ emission reduction. Our Beijing Office realized 100% green electricity consumption by the end of 2022. In Brazil, we neutralized 100% of direct emissions and received a Gold Seal from the Brazilian GHG Protocol Program for the third consecutive year. Moreover, we accelerated our decarbonization contribution by establishing a New Business Development & Research Center in Portugal to foster latest technologies, in the sector of green hydrogen and energy storage.
This being said, we would not stop there. We have also made our firm steps towards ESG key issues. We continued to enhance biodiversity conservation and have incorporated this into our due diligence process for M&A projects as well as the greenfield projects, covering both construction and operation phases. We insisted on bringing positive impacts and shared value to stakeholders, which resulted in healthier and thriving communities. And we kept on taking care of all our staff's well-being and motivation by building an inclusive working environment that enables their engagement and innovative potential.
