Project Details
Project
TNB Transition Finance Framework Second-Party Opinion (2024)
Client
Tenaga Nasional Berhad
Project Type
Transition
Industry Group
Utilities
Use of Proceeds
Renewable energy; Energy efficiency; Green buildings; Clean transport; Affordable basic infrastructure; Employment generation and Socio-economic empowerment; Access to essential services;
Location
Malaysia
Evaluation Date
Jul 2024
Evaluation Summary
Sustainalytics is of the opinion that the TNB Transition Finance Framework is credible and impactful and aligns with the four core components of the Sustainability Bond Guidelines 2021, Green Bond Principles 2021, Social Bond Principles 2023, Green Loan Principles 2023 and Social Loan Principles 2023. The eligible categories for the use of proceeds – Renewable Energy, Energy Efficiency, Clean Transportation, Green Buildings, Affordable Basic Infrastructure and Services, Employment Generation and Access to Essential Services- Education – are aligned with those recognized by the applicable principles and are expected to lead to positive environmental and social impacts. Sustainalytics considers low-carbon power generation to be credible from a transition perspective.
https://mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com/docs/default-source/spos/tnb-transition-finance-framework-second-party-opinion-(2024).pdf?sfvrsn=1000185a_1