TNB joins hands with Sunway Group to promote energy transition in Malaysia
Tenaga Nasional Berhad (TNB) has entered into a partnership with Sunway Group to promote energy transition in Malaysia.
The duo has signed a Memorandum of Understanding to drive their ESG agenda together to explore opportunities in promoting energy transition solutions and accelerating clean energy businesses.
Under the agreement, the duo will “work together to develop joint initiatives and explore new opportunities within the scopes of energy transition solutions, clean energy businesses, and ESG capabilities,” the statement reads.
On the occasion, TNB President and CEO, Dato’ Indera Ir. Baharin Din remarked, “This is an important step for us as we seek to promote the use of sustainable energy solutions in the country toward achieving our ESG goals. Together, we can create a more sustainable future for the communities and help to reduce our collective carbon footprint in creating a better future for all.”
In response, Sunway Group Founder and Chairman, Tan Sri Dato’ Seri Dr. Jeffrey Cheah, commented, “This partnership affirms our shared commitment toward the transition to clean energy and a carbon-neutral economy. We have taken our pledge to achieve net zero carbon emissions by 2050 one step further this year with the launch of a green lease programme to address Scope 3 emissions.”
The company has been expanding focus markets to grow its Renewable Energy portfolio. The latest development comes at a time when Malaysia has set a goal to achieve carbon neutrality by 2050. To achieve the target, the country needs to adopt a responsible energy transition, a shift towards low and zero-carbon energy sources, a local report mentioned.