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Tenaga Nasional Berhad (TNB) announced initiatives to fast-track the pursuit of its sustainability aspiration of net zero emissions by 2050 that the company announced last year, in ongoing efforts to achieve ESG targets, as well as ensure continued business growth for the national utility company.
These initiatives cut across the electricity value chain, from transitioning power generation to cleaner sources; enhancing the Grid of the Future (GoTF) to enable more green solutions; and facilitating consumer participation in the energy transition, including through electric vehicle (EV) adoption.
TNB President and Chief Executive Officer, Dato’ Indera Ir. Baharin Din said that the increasing urgency to address the devastating impact of climate change has spurred the company to accelerate its decarbonisation plans, towards its targets of a 35% reduction in carbon emissions intensity and a 50% reduction of its coal generation capacity by 2035.
“TNB is very much in the driver’s seat when it comes to delivering the nation’s energy transition, and this responsibility is the impetus for TNB to accelerate our Environment, Social and Governance (ESG) initiatives. At the same time, a successful energy transition will also open up new opportunities for TNB’s business growth and long-term sustainability, as well as spur new economic catalysts for Malaysia,” added Baharin.