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Tenaga Nasional

Tenaga Nasional is a publicly listed company headquartered in Kuala Lumpur, Malaysia, with approximately 68% owned by government of Malaysia. In 2020, its revenue was USD 10.5 billion and installed capacity was 15 GW. Tenaga aim to increase its renewables capacity to 8.3 GW by 2025, but contradicts this by considering both renewable and conventional assets that have adopted efficient technology under its low-carbon generation portfolio.

Ranking position
#38/50
Total score
18.1/100
Performance score
2.6/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

#1 0.0 / 4 #35

Material Investment

#1 0.0 / 7 #50

Intangible Investment

#1 0.1 / 2 #14

Management

#1 1.3 / 4 #33

Policy Engagement

#1 0.2 / 1 #39

Business Model

#1 1.0 / 2 #24

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Tenaga receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Tenaga’s future scope 1 and 2 emissions intensity is projected to increase between 2021 and 2025, causing the company to diverge even further from its 1.5°C pathway.

Tenaga aims to increase its renewable energy capacity to 8.3 GW by 2025 and deliver energy efficiency projects, but has no emissions reduction targets. Tenaga considers advanced combustion technologies as low-carbon generation solutions, but without investment in CCUS, it will further deviate from its 1.5°C pathway.

Progress towards the Paris Agreement

Just Transition Assessment

In this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020

More about the company

Headquarters
Kuala Lumpur, Malaysia
Group revenue (2020)
USD 10.5 billion
Ownership
Publicly listed, with approx. 68% owned by government of Malaysia
Installed capacity (2020)
14.8 GW
Website
https://www.tnb.com.my

This company is part of the SDG2000, the 2.000 most influential companies

See company profile