The Board, with the assistance of BNRC reviews the overall remuneration policy for Non-Executive Directors, Executive Director and Top Management. The policy aims to attract, retain and motivate executives and Directors who will create sustainable value and generate returns for the Company. The remuneration package is structured to link rewards to corporate and individual performance; reflecting the contributions towards the Group’s achievements for the year.

To ensure accountability from all management levels and to steer the Group's sustainability performance, performance objectives relating to sustainability including ESG rating, health and safety measures, integrity health index and the growth of TNB's renewable energy capacity tied to the President/CEO and Top Management Key Performance Indicators (KPI). TNB aims to implement a phased approach linking remuneration to key ESG KPIs and climate-related disclosures in line with TCFD recommendations.

Refer to 2022 Sustainability Report for more information