The framework aligns with the country’s goal of achieving net-zero emissions by 2050.
PETALING JAYA: Tenaga Nasional Bhd
(TNB) has launched its inaugural Transition Finance Framework, becoming the first electricity utility player in Asean to do so.
In a filing with Bursa Malaysia, the utility giant said the significant milestone highlights TNB’s commitment to energy transition and supports Malaysia’s decarbonisation agenda.
The framework aligns with the country’s goal of achieving net-zero emissions by 2050.
“The framework serves to align TNB and its subsidiaries’ financing to its corporate sustainability commitments as outlined within its Sustainability Pathway 2050, Energy Transition Plan and the overarching Reimagining TNB 2025 corporate strategy,” TNB said.
It also noted that the framework sets criteria for existing or new projects that support the energy transition, following relevant market best practices.
