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Tenaga Nasional is a publicly listed energy company headquartered in Kuala Lumpur, Malaysia, that is 68% owned by the Government of Malaysia. Tenaga Nasional serves around 10.6 million customers. It is the only electric utility company in Peninsular Malaysia and the largest publicly listed power company in Southeast Asia.
Summary
Tenaga Nasional reports on numerous sustainability topics, but has clear potential to strengthen its performance in many areas. Although the company publishes its materiality assessment, it should also disclose its strategy for addressing key risks. The company discloses its support for the government’s electricity rebate programme for underprivileged and poor families, however, it can be more transparent regarding its actions to improve energy affordability and respond to government concerns. It can further strengthen its policy commitments to respect fundamental human and labour rights.
Tenaga Nasional discloses its programme to improve urban safety by installing street lighting in public areas, as well as its training programme, ILSAS, which provides upskilling and reskilling opportunities to its workforce. The company has an opportunity to improve its reporting on environmental topics – it currently lacks data on water quality and scope 3 emissions, while its reported data on air pollution and greenhouse gas emissions does not cover all of its operations. Further, while the company discloses its business continuity framework, which emphasises structured crisis response and protection of life and assets, it should also publish its risk assessments for all natural disasters relevant to its operations.
Ranking position
#38
/300
Total score
24.9
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
30.8
/100
Rank (0-300)
#13
Measurement area
Inclusive Cities
Score
# 1
35.0
/100
Rank (0-300)
#37
Measurement area
Healthy Cities
Score
# 1
11.1
/100
Rank (0-300)
#71
Measurement area
Climate Proof & Resilient Cities
Score
# 1
14.2
/100
Rank (0-300)
#83
Measurement area
Core Social Indicators
Score
# 1
33.3
/100
Rank (0-300)
#38
Industries
Industries
Energy distribution
#13
More about the company
Headquarters
Malaysia
Ownership structure
Public
Revenue
USD 11,561 billion (2022)
Number of employees
34699 (2022)
Website
https://www.tnb.com.my
63716
