TENAGA NASIONAL BHD
Malaysia | 5347.KL | Main
Reference
Report Year: 2023
Source Files: TENAGA_-_IAR_2023_Cover-Page_53.pdf, TENAGA_-_IAR_2023_Page_54-Page_138.pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- BSRC formed 🟢
- Sustainability Division formed 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
TENAGA NASIONAL BHD demonstrates a structured approach to GHG accounting with clear Scope 1 and 2 reporting for 2023, achieving 38.92M tCO₂e and 0.39M tCO₂e respectively, aligned with a 1% reduction target from the 2020 baseline. Partial Scope 3 data for business travel and commuting is a positive step, though coverage remains limited. The use of IPCC 2006 Guidelines and GHG Protocol ensures methodological consistency. However, the absence of third-party verification weakens credibility, and biogenic emissions from biomass co-firing are not included in the inventory despite ongoing trials. TNB should prioritize external verification and expand Scope 3 reporting while integrating biogenic emissions to enhance transparency and align with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 38.92M tCO₂e 🟢 | 1% reduction target from base year 2020 |
| Scope2 | 0.39M tCO₂e 🟢 | 1% reduction target from base year 2020 |
| Scope3 | Partial Scope 3 reported 🟢 | Limited to Categories 6 and 7, baseline set in 2023 ⚠️ |
| Biogenic emissions | Not reported despite biomass usage ⚠️ | Biomass co-firing trials conducted but not included in GHG inventory |
Other Details
- Base year: 2020
- Boundary inventory: Covers TNB Group operations in Peninsular Malaysia (excludes joint ventures and vendors unless stated)
Efforts
- RE capacity up 16% 🟢
- 301 KtCO₂e reduction 🟢
- 440,595 tonnes recycled 🟢
- 873,740 smart meters 🌞
- Biomass co-firing trials 🌱
Social Highlights
- RM99.04M for communities 🥗
- 6,635 beneficiaries 🥗
- 3,397 students supported 🥗
- 219 streetlights installed 🥗
- 2,500 students educated 🥗
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Strong Foundation with Room for Enhancement 🟢. TENAGA NASIONAL BHD’s 2023 Integrated Sustainability Report offers a commendable level of detail, particularly in Scope 1 and 2 GHG emissions data and renewable energy initiatives, with quantifiable metrics like a 16% RE capacity growth to 4,375MW and 873,740 smart meter installations. The report also highlights forward-looking commitments, such as achieving Net Zero by 2050 and a 35% emission intensity reduction by 2035. However, generic statements like 'committed to sustainability' often lack specific, measurable outcomes, and the absence of third-party verification for GHG data undermines credibility ⚠️. Additionally, limited Scope 3 coverage and unreported biogenic emissions despite biomass usage are notable gaps. TNB could improve by incorporating external assurance, expanding Scope 3 disclosures, and providing clearer timelines for interim targets to strengthen accountability and transparency.
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