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.
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 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.
Find out more about TNB Genco’s Sustainability Sukuk Framework and MARC’s Sustainability Sukuk Framework Assessment here:
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:
As of 31st May 2023, the utilization of the Sustainability Sukuk Wakalah proceeds amounts to RM1.17 billion of the total RM3.5 billion.