A strong sustainability governance and leadership structure are vital to spearhead our sustainability agenda and provide us with clear and definitive guidance to achieve our net zero aspirations. Our sustainability governance is an expansion of TNB’s Governance Model that is aligned with the principles of the MCCG. We believe that a robust sustainability governance framework underpinned by a supportive leadership structure are key components to ensure our sustainability agenda can be materialised through informative and comprehensive decision-making. Our sustainability governance is an essential part of TNB Group Governance Platform which is the framework of TNB management committees and sub-committees.
Our sustainability governance framework was reformed in Financial Year (FY) 2022 through formation of the Sustainability and Energy Transition Council (SETC), with the objective of deliberating on energy transition initiatives to coordinate and oversee TNB's Energy Transition Plan and providing a platform for discussion on the sustainability agenda, development and implementation. This includes the energy transition direction and climate-related matters. The SETC has a combined roles to previous Sustainability Development Council (SDC) and TNB Energy Transition Steering Committee (TEXC).
Click here to read more about our strengthened sustainability governance structure.
ETHICS & GOVERNANCE
TNB is committed to conducting our business responsibly and with integrity to strengthen our stakeholders’ confidence. The Board is cognisant of its crucial role in demonstrating strong corporate governance and they are guided by our five Shared Values in accordance with the Code of Ethics for Company Directors as established by the Companies Commission of Malaysia.
These values are:
INTEGRITY
CUSTOMER FOCUS
BUSINESS EXCELLENCE
CARING
SAFETY
LINKS
TNB Corporate Integrity Health Index (IHI) 2.0
The Integrity Health Index (IHI) Dashboard was first developed in 2021 as a systematic method for information gathering to assess and ascertain TNB’s standings on integrity issues. The second revamped version aims to broaden the scope of IHI to include other TNB stakeholders.
In FY2022, we conducted an internal survey to evaluate TNB’s integrity practices, which received a high level of participation from 19,989 staff members.
The results of the survey were impressive, with TNB achieving a score of 79.36%, indicating that the organization is committed to maintaining the highest ethical standards in its operations. The score reflects the effectiveness of TNB's policies and practices in promoting ethical behaviour and ensuring compliance with regulations and standards.
RISK MANAGEMENT
Managing risks effectively and efficiently are imperative to our business. We are committed to embedding risk management practices across all our operations and decision-making processes to help us achieve our objectives. Our TNB Risk Management Framework has been developed in line with the ISO 31000:2018 Risk Management – Guidelines. It provides a structured and consistent approach to risk management across the organisation for informed decision-making.
Our Risk Management Framework describes our Risk Assessment Process to identify, evaluate, and treat risks for the achievement of business objectives. This process is applied by respective business units across TNB Group in a systematic and iterative manner, taking into account key stakeholders’ inputs, to develop their risk registers. The risks identified or reviewed are registered and approved by relevant risk owners in the TNB Risk Information System (TRIS), a real-time platform for monitoring and reporting risks.
The Energy Equation
Find Out More
Sustainable Strategy
Find Out More