Nestle Malaysia to make full transition to renewable electricity by Jan 1, 2022

KUALA LUMPUR: Nestle (Malaysia) Bhd will be fully transitioning to renewable electricity across all its operations on Jan 1, 2022, beating its earlier target to have 100% of its electricity coming from renewable energy sources by 2025.

In a statement, the group said this would allow it to reduce CO2 emissions by 75,000 tonnes every year.

Nestle Malaysia was one of nine companies that pledged the adoption of the Green Electricity Tariff (GET) programme by the Energy and Natural Resources Ministry in partnership with TNBX Sdn Bhd, and is among the first to complete the approval process.

With this, all operational sites of the company in Malaysia will utilise renewable electricity.

"By adopting the Green Tariff programme recently launched by the Ministry of Energy and Natural Resources, we can now supply all our electricity needs from solar and hydroelectric power supplied by TNBX.

“This change will allow access to Malaysia Renewable Energy Certificates (mRECs), contributing to our commitment to halve our greenhouse gas emissions by 2030 and achieve net zero by 2050,” said Nestle Malaysia CEO Juan Aranols.

Meanwhile TNBX managing director Nirinder Singh Johl welcomed Nestle Malaysia's support for the GET programme, which provides access to clean energy to incentivise Malaysians to go green and reduce their carbon footprint for electricity consumption.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Nasdaq futures slump 2% as rising yields spark tech rout
UK employers add record number of jobs, unemployment falls
Starbucks ties up with Meituan to bolster presence in crucial China market
Australian shares slip as healthcare, banking stocks drag
China has plenty policy tools in reserve to cope with slowing economy - state planner
BOJ raises inflation forecasts, maintains ultra-easy policy
US yields up along the curve as traders brace for hawkish Fed
Oil rises to more than 7-year high on Mideast tensions
China Merchants Bank-backed SPAC files first application under new Hong Kong rules
Asia shares tick higher as spotlight stays on Fed

Others Also Read