Tenaga Nasional Berhad and Sunway Group are collaborating to develop joint initiatives and explore new opportunities within the scopes of energy transition solutions, clean energy businesses, and ESG capabilities. Under these three scopes, the areas of potential collaboration include among others, data centre development, the deployment of solar photovoltaic, district cooling, and electric vehicle infrastructure in Sunway’s real estate, renewable energy production, energy-related digital solutions, workforce capability, and academic research and development.
Speaking at the signing ceremony, TNB President and CEO, Dato’ Indera Ir. Baharin Din said, “We are pleased to partner with Sunway Group to drive the adoption of sustainable business practices and accelerate the energy transition. 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.”
Sunway Group Founder and Chairman, Tan Sri Dato’ Seri Dr. Jeffrey Cheah, says, “We are delighted to partner with TNB, a leader in the energy sector, to advance the sustainable development agenda and create long-term value for our stakeholders. This partnership affirms our shared commitment toward the transition to clean energy and a carbon-neutral economy. After introducing a carbon pricing framework into the Group last year to spur our decarbonisation efforts, 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. We firmly believe that sustainability and profitability can go hand in hand.”
A successful collaboration in any, if not all the scopes would help create sustainable business value for both companies, while simultaneously helping both companies to fulfil their ESG commitments.
To achieve its aspiration for carbon neutrality by 2050, Malaysia will need to embrace a responsible energy transition, namely, a shift towards low and zero-carbon energy sources. At the same time, the energy transition will need to happen in other sectors as well, including transport and cities, through a whole-of-society effort.
