The Landscape
The global electricity supply industry Is transforming as traditional utility business models are increasingly challenged by decarbonisation, decentralization, digitalization, and deregulation. To tackle this changing landscape, the industry has developed resilience through greater cost and energy efficiency. We have successfully adapted to open markets and invested in low-carbon energy generation while maintaining supply security.
our Sustainability pillars
As a socially and environmentally responsible organisation, our sustainability pillars are the
cornerstone of our progress:
Governance
Reinforcing ethical business practices and a forward-looking culture.
Economic
Providing reliable and efficient energy in tha local and international Electricity Supply industry(ESI).
Environmental
Minimising our environmental impact wherever we operate.
Social
Developing long-term and meaningful relationships with our customers, employees, and communities.
Our Target
Anticipating the industry changes and current reform initiatives, we launched Reimagining TNB (RT) in 2016. It is a 10-year strategic plan to help us thrive in this emerging landscape.
TNB aims to be a responsible corporate citizen that is dedicated to nation-building through capacity enhancement and socio-economic upliftment. We will continue to integrate sustainability into our business strategy to ensure business resilience and drive stakeholder value creation, all while helping the nation transition to a low-carbon economy.
In enhancing our corporate strategy, RT, we launched TNB Sustainability Pathway 2050 (SP2050) in 2021 which further outlines our bold aspiration to achieve net zero emissions and be coal free by 2050.
A Word From CEO
As an energy player, the most important aspect of our sustainability agenda is to support global efforts to mitigate climate change.
We recognise this responsibility; and indeed today – as we fully embrace the energy transition – it is integral to our business aspiration.
DATO' INDERA IR. BAHARIN BIN DIN
PRESIDENT / CHIEF EXECUTIVE OFFICER
A Word From CEO
As an energy player, the most important aspect of our sustainability agenda is to support global efforts to mitigate climate change.
We recognise this responsibility; and indeed today – as we fully embrace the energy transition – it is integral to our business aspiration.
DATO' INDERA IR. BAHARIN BIN DIN
PRESIDENT / CHIEF EXECUTIVE OFFICER
In Pursuit of Sustainability
Here are some of our sustainability updates from around the country.
Accelerating Decarbonisation to Increase Enterprise Value of GenCo
In transitioning power generation to cleaner sources, several deliberate measures will be undertaken to transition the generation portfolio of TNB Power Generation Sdn Bhd or GenCo, through the retirement of selected coal plants earlier than planned, repowering of power plants with new green technology as well as building partnerships with reputable technology companies.
Expanding Focus Markets to Grow Renewable Energy Portfolio
TNB is committed to supporting the Malaysia Renewable Energy Roadmap (MyRER) which aspires to achieve 31% Renewable Energy (RE) capacity by 2025 and 40% by 2035. Internationally, TNB plans to grow its RE portfolio in existing as well as adjacent markets across Asia Pacific and Europe.
Continued Investments for Grid of the Future
TNB as the custodian of the nation’s power infrastructure will continue its investments to develop the Grid of the Future as a critical enabler of the country’s Energy Transition. In Regulatory Period 3 (RP3), RM2.6 billion is allocated for the energy transition to balance grid security, sustainability, and affordability. Beyond the national grid, TNB also advocates for regional collaboration to strengthen inter-regional grid connections, in particular for the ASEAN region towards greater energy security.
Focus on Electric Vehicle Ecosystem Development
TNB aims to accelerate EV adoption to capture a potential RM1.3 billion market value by 2030. TNB will invest RM90 million to support the EV ecosystem over the span of three years, focusing on five areas including reskilling for the EV industry; electrification of TNB’s own fleet; building charging infrastructure; sponsoring EV-related studies and fostering coalitions among EV sector players.
Our APPROACH
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Sustainability Pillars
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