Progressing Towards a
Sustainable Future
At TNB Genco, we are dedicated to empowering progress and making positive impact as an organization to make sure that we are constantly aligning our business direction and effort towards the UN’s Sustainable Development Goals (SDGs). Apart from making positive impact, the aim is also to attract commitments from increasingly climate-conscious investors.
Our Sustainability Framework
As a wholly-owned subsidiary of TNB, we carry the same commitment as TNB to become a socially and environmentally responsible organization. Our sustainability pillars are the cornerstone of our progress.
How
our Sustainability Framework support
UNSDG Goals
Our operation and business has biggest impact to UNSDG goals of 7, 8, 13 & 11
Ensure access to affordable, reliable, sustainable and modern energy for all
We prioritize energy efficiency, clean energy technology and related infrastructure
- Target 7.1: Access to modern energy
- Target 7.3: Improve in energy efficiency
- Maintain higher Equivalent Availability Factor (EAF)
- Maintain lower Equivalent Unplanned Outage Factor (EUOF)
- Maintain lower Heat Rate Variance
We prioritize energy efficiency, clean energy technology and related infrastructure
- Target 7.1: Access to modern energy
- Target 7.3: Improve in energy efficiency
- Maintain higher Equivalent Availability Factor (EAF)
- Maintain lower Equivalent Unplanned Outage Factor (EUOF)
- Maintain lower Heat Rate Variance
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
We offer and provide decent, healthy and sustainable working environment as well as providing continuous human capital development of our employees in which they can realize their potential.
- Target 8.3: Promote policies that support productive activities
- Target 8.8: Protect labour rights and promote safe working environments
- Implementation of flexible workplace and working hours through TNB Ways of Working initiative (TWoW).
- Lost Time Injury Frequency Rate (LTIF) < 1.0
- Total training hours (general & leadership)
We offer and provide decent, healthy and sustainable working environment as well as providing continuous human capital development of our employees in which they can realize their potential.
- Target 8.3: Promote policies that support productive activities
- Target 8.8: Protect labour rights and promote safe working environments
- Implementation of flexible workplace and working hours through TNB Ways of Working initiative (TWoW).
- Lost Time Injury Frequency Rate (LTIF) < 1.0
- Total training hours (general & leadership)
Take urgent action to combat climate change and its impact
We aspire to reduce the carbon emission intensity and balancing our capacity portfolio to low-carbon energy assets through energy transition initiatives
- Target 13.2: Integrate climate change measures into national policies, strategies and planning.
- Target 13.3: Build knowledge and capacity to reduce climate change impact
- Carbon emission reduction of 35% by 2035
- Coal plant capacity reduction of 50% by 2035
- Net zero emissions & coal free by 2050
- Reskill and upskill TNB’s employees to support our sustainability plan and energy transition
We aspire to reduce the carbon emission intensity and balancing our capacity portfolio to low-carbon energy assets through energy transition initiatives
- Target 13.2: Integrate climate change measures into national policies, strategies and planning.
- Target 13.3: Build knowledge and capacity to reduce climate change impact
- Carbon emission reduction of 35% by 2035
- Coal plant capacity reduction of 50% by 2035
- Net zero emissions & coal free by 2050
- Reskill and upskill TNB’s employees to support our sustainability plan and energy transition
- Emission avoidance calculated based on CO2 emission emitted by Ultra Super Critical Coal Plant at similar generation output
- Sg. Perak Life Extension Program will be commissioned in stages with the COD of first unit expected in 2027 until last unit in 2030
Make cities and human settlements inclusive, safe, resilient and sustainable
Since most of our power stations are situated in remote areas, we have contributed tremendously in the development of the surrounding areas and townships such as creating new job opportunities, improving basic services and upgrading standard of living with better quality infrastructures that are more resilient and sustainable.
- Target 11.a: Support positive economic, social and environmental.
Contribution towards sustainable & community related program:
- Spending Allocation
Since most of our power stations are situated in remote areas, we have contributed tremendously in the development of the surrounding areas and townships such as creating new job opportunities, improving basic services and upgrading standard of living with better quality infrastructures that are more resilient and sustainable.
- Target 11.a: Support positive economic, social and environmental.
Contribution towards sustainable & community related program:
- Spending Allocation
In our latest hydro scheme project development in Nenggiri, Kelantan another sustainable community will be developed for the Orang Asli settlement and the surrounding rural communities that will create more economic opportunities by 2026.
In our latest hydro scheme project development in Nenggiri, Kelantan another sustainable community will be developed for the Orang Asli settlement and the surrounding rural communities that will create more economic opportunities by 2026.
Our
Sustainability Sukuk
TNB Genco has established its inaugural Sukuk Wakalah Programme of up to RM10.0 billion in nominal value. The Sukuk Wakalah Programme will give TNB Genco the flexibility to issue both Sukuk Wakalah and Sustainability Sukuk Wakalah.
The TNB Genco Sustainability Sukuk Framework, launched in April 2022, governs the issuance of Sustainability Sukuk Wakalah by TNB Genco. The framework has been expanded to encompass the development and operation of other renewable energy projects or assets, in addition to the Nenggiri Hydroelectric Power Plant Projects, reinforces TNB Genco’s role in upholding TNB’s sustainability pillars in becoming a socially and environmentally responsible organization and the achievement of the selected UN SDGs.
MARC Ratings Berhad (“MARC”) as the independent external reviewer has assigned a “Gold” rating to TNB Genco Sustainability Sukuk Framework reflecting the view that the use of proceeds would provide relevant social and environmental benefits that support six of the 17 UN SDGs.
Find out more about TNB Genco’s Sustainability Sukuk Framework and MARC’s Sustainability Sukuk Framework Assessment here:
TNB Genco Sustainability Sukuk Framework
MARC Sustainability Sukuk Framework Assessment
Sustainability
Sukuk Report
We are committed in managing corporate sustainability and relevant reporting commitments relating to Project Nenggiri as required under the Sustainability Guidelines. To enable investors to follow the development progress and monitoring of the environmental compliance/social impact, TPGSB will publish a Sustainability Sukuk Report which will be publicly available within one year from the issuance of the first tranche of the Sustainability Sukuk and updated annually for so long as all the Sustainability Sukuk remains outstanding.
The reporting is split into two parts which is Allocation Reporting and Impact Reporting
You can also download the full report here:
TNB Genco Sustainability Sukuk Report 2024
Sustainability Sukuk Wakalah
As of 31st May 2024, the utilization of the Sustainability Sukuk Wakalah proceeds amounts to RM1.66 billion of the total RM3.5 billion.
