BURSA TOP 20: WHO'S THE MOST CHARITABLE?
How Malaysia's Biggest Public Companies Give Back To Society?
Tenaga Nasional Berhad (TNB)
TNB is the leading electricity utility company headquartered in Kuala Lumpur, providing affordable and reliable services to a wide customer base throughout Peninsular Malaysia, Sabah, and Labuan. TNB have also expanded their business operations and established presence on the international stage.
With the launch of TNB Sustainability Pathway 2050, the Group established numerous sustainability targets including committing 1% of profit-after-tax (PAT) towards environmental and community-related programmes. TNB’s sustainability strategy is deeply rooted in their sustainability pillars; Governance, Economic, Environmental and Social.
Fiscal Year-End: 31 December 2021
TNB reported a net profit of RM3.66 billion during FY2021.
The dividend payout for FY2021 was 40.0 sen per share, or a total of RM2.29 billion
The Group reported a total investment of RM39.57 million into community programmes, excluding scholarships and convertible loans.
A total of approximately RM117.97 million of in-kind contribution was made by TNB with the largest contribution allocated to MyBF scholarships worth RM53.3 million.
No employee volunteer hours were reported by Tenaga Nasional Berhad.
Tenaga Nasional Berhad:
Cash, In-Kind and Employee Volunteer Hours
| No. | Contribution | Cash Giving | In-kind Giving | Employee Volunteer Hours | Beneficiaries | |
|---|---|---|---|---|---|---|
| 1 | Community investment The total cash contributions for Tenaga Nasional Berhad is RM39.57M as stated in the report. The numerical value for total in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report. | RM39.57M | N/A | N/A | Local community | In FY2021, TNB invested a total of RM39.57 million to community programmes where RM22.79 million was allocated for economic and social initiatives, RM0.24 million for environmental initiatives while education related programmes received RM11.11 million excluding scholarships and convertible loans from UNITEN & YTN. Additionally, TNB invested RM5.43 million in Sports related programmes. |
| 2 | Flood Relief Aid | N/A | Provided portable generators to Pusat Permindahan Sementara | N/A | Pusat Pemindahan Sementara Flood Victims | TNB supplied electricity to Pusat Pemindahan Sementara (PPS) via portable generators during the flash flood in December 2021 to help keep the lights on for the nation. |
| 3 | Flood Relief Aid | N/A | 100% rebate for electricity bills amounting to RM15.06M | N/A | 148,336 residential customers | TNB offered a one-off 100% rebate for electricity bills that benefited 148,336 residential customers that were affected by the flood. This rebate amounted to RM15.06 million which helped alleviate the financial burden of their customers. |
| 4 | Flood Relief Aid | N/A | Free wiring inspections | N/A | B40 homes in Selangor, Pahang and Kuala Lumpur | Free wiring inspections at B40 homes of flash flood victims were carried out by TNB in Selangor, Pahang and Kuala Lumpur to ensure the safety of the community that were affected by the flash floods in December 2021. |
| 5 | Flood Relief Aid | RM2.00M | N/A | N/A | Flash flood victims | RM2 million in monetary aid was allocated by TNB to provide financial assistance to flash flood victims via their Tabung Warga TNB Prihatin (TWTP). TWTP is a fund introduced in June 2021 where TNB employees and the Board of Directors voluntary contribute financial donations to help fellow Malaysians cope with challenging times. |
| 6 | Tabung Warga TNB Prihatin (TWTP) | RM3.41M | N/A | N/A | 6,295 Malaysians | Tabung Warga TNB Prihatin (TWTP) raised RM4.04 million, as of December 2021, that was voluntarily donated by 15,734 TNB employees and the Board of Directors. RM3.41 million were distributed to 6,295 Malaysian citizens affected by the COVID-19 pandemic while another RM2 million was allocated for the December 2021 flash flood victims |
| 7 | Energy Efficiency Awareness | N/A | Energy efficiency awareness competitions | N/A | 1,562 student participants | TNB collaborated with Kelab Duta Rimba in organising the Electrical Energy Efficiency Awareness competition, to spread awareness on energy savings that was participated by 1,562 students nationwide. |
| 8 | Energy Efficiency Awareness | N/A | 32 energy efficiency online talks | N/A | Various residential and commercial customers | 32 energy efficiency online talks were given during FY2021 to various residential and commercial consumers which included schools and government association throughout Malaysia. |
| 9 | Biodiversity Management | RM0.35M | N/A | N/A | Sungai Perak Hydroelectric Station | TNB spent RM0.35 million to conduct a study based on International Union for Conservation of Nature (IUCN)’s Red List of Threatened Species, monitoring threathened fish species at the Sungai Perak Hydroelectric Station (Temenggor Dam). |
| 10 | TNB Reskilling Malaysia Programme | RM9.84M | N/A | N/A | 2,576 individuals | In FY2021, TNB invested RM9,842,820.76 to provide employment opportunities to 4,760 and train 2,576 individuals under the TNB Reskilling Programme. Spearheaded by ILSAS, the courses under this programme are open to non-TNB employees. |
| 11 | TNB Integrated Learning Solution Sdn. Bhd. (ILSAS) | N/A | Free training institution | N/A | 36,807 individuals | 36,807 individuals were trained in ILSAS which is a premier training institution for professionals in the wider power and utility industry, and the official training institute for TNB. |
| 12 | Pos Kawalan Tempat Kejadian (PKTK) | RM2.58M | N/A | N/A | Lembah Bertam community | TNB allocated RM2.58 million to a project in Pos Kawalan Tempat Kejadian (PKTK) in Lembah Bertam, Cameron Highlands to construct a multi-purpose hall that will serve as a community center and emergency assembly point for the local community, in case of floods or other natural disasters. |
| 13 | National Food Basket Programme | RM2.00M | N/A | N/A | Recipients of National Food Basket Programme | RM2 million was contributed by TNB to the National Food Basket Programme in collaboration with Yayasan Kebajikan Negara (YKN) that will help provide additional relief to those affected by challenges during the COVID-19 pandemic. |
| 14 | Home for the Needy | RM3.05M | N/A | N/A | 144 families | TNB contributed RM3.05 million through their Home For The Needy programme to help refurbish and build new homes for 144 families, targeted mainly for single parents, senior citizens and individuals with disabilities in FY2021. |
| 15 | Better Brighter Shelter | RM1.56M | N/A | N/A | Underserved communities in rural areas | The Better Brighter Shelter programme was allocated RM1.56 million by TNB where accommodation facilities and transit homes are provided for family members of those from rural areas receiving medical treatment in the city. From the RM1.56 million, the allocation breakdown of RM200,000, RM59,000, RM45,000 and RM1.25 million were spent on IJN, Serdang Hospital, Melaka Hospital and Raja Perempuan Zainab II, Kota Bharu Hospital respectively. |
| 16 | Mangrove Planting Programme | RM0.18M | 6,344 trees | N/A | JEP Power Plant and Sungai Limau, Manjung, Perak | In FY2021, RM180,207 was spent on the Mangrove Planting programme where 1,344 trees were approximately planted at the JEP power plant surrounding coastal parameters and another 5,000 trees in Sungai Limau, Manjung, Perak. |
| 17 | Fireflies Conservation Project | RM0.52M | N/A | N/A | Firefly conservation | TNB committed RM52,000 into the Fireflies Conservation Project to conserve the firefly population in Kampung Kuantan, Kuala Selangor, Selangor. |
| 18 | UNITEN Funding and Scholarships | N/A | 1,768 funding and scholarships worth RM6.81M | N/A | 1,768 recipients | UNITEN awarded RM6.81 million in funding and scholarships during FY2021 through Dana Pendidikan UNITEN, Danasiswa Pensijilan Tahfiz TAZU-MARA, Dermasiswa YCU, Dermasiswa B40 JPA in cooperation with YCU and UNITEN Sports Excellence Scholarship. |
| 19 | Yayasan Tenaga Nasional (YTN) Scholarships | N/A | 655 scholarships worth RM42.8M | N/A | 655 student scholars | Yayasan Tenaga Nasional (YTN) provided financial assistance through awards of scholarships to 655 students in FY2021 which amounted to RM42.8 million. |
| 20 | My Brighter Future (MyBF) program | N/A | 6,600 MyBF scholarships worth RM53.3M | N/A | 6,600 student scholars | My Brighter Future (MyBF) program provide opportunities to marginalised youth and families in the B40 bracket to pursue tertiary education where RM53.3 million worth of scholarships were given, benefiting 6,600 students. |
| 21 | Ceria Ke Sekolah Programme | RM3.00M | School supplies | N/A | 30,000 students | In FY2021, TNB allocated RM3 million for the Ceria Ke Sekolah programme to provide school supplies such as clothing (school uniform, pants, and headscarf), school bags and facemasks to 30,000 primary school students from low income families. |
| 22 | Tabung Cerdik (Smart Fund) Programme | RM5.00M | N/A | N/A | 3,253 students | TNB contributed RM5 million to the CERDIK initiative, introduced by the Government of Malaysia, which will help provide digital items to students from low income families. TNB's contribution helped provide digital items such as complete sets of laptops, dongles, and sim cards (15GB for 12 months), benefitting 3,253 students from 40 schools throughout Malaysia. |
| 23 | PINTAR School Adoption Programme | RM0.31M | N/A | N/A | 11 schools | In FY2021, 11 new schools were adopted by TNB across Peninsular Malaysia where RM315,000 were contributed to initiatives focused upon virtual learning and motivational programmes to encourage improvement in schools’ academic performance. |
| 24 | National Hockey Development | RM5.14M | N/A | N/A | Students from 5 schools | TNB contributed RM5.14 million through the National Hockey Development and Thunderbolts program to nurture promising students from Sekolah Sukan Bukit Jalil in Kuala Lumpur, Sekolah Sukan Tunku Mahkota Ismail in Johor, Sekolah Menengah Kebangsaan Seberang in Temerloh, Pahang, Sekolah Menengah Kebangsaan Anderson in Perak and Sekolah Menengah Kebangsaan Pengkalan Permatang in Kuala Selangor, Selangor. Through this programme, TNB employees have also volunteered to coach these promising students, however, no amount of employee volunteer hours or value was stated in their Annual report. |
- The total cash contributions for Tenaga Nasional Berhad is RM39.57M as stated in the report. The numerical value for total in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.
- The information above is derived from Tenaga Nasional Berhad’s 2021 Annual and Sustainability Report. Email correspondence was made between between 8 July – 3 August 2022 to seek further clarification, as reflected in the table above.
Why Is This Report Necessary?
CHEER ON
Generous and meaningful corporate philanthropy
INSPIRE
More corporate giving and social responsibility
GOOD REPORTING
Encourage transparency and accountability for social and environmental matters
CONVERSATION
Spark discussions on the importance of corporate philanthropy
See How Tenaga Nasional Berhad Ranks Against The Other Top 19 Public-Listed Companies
Get updated on the impact industry
Receive monthly digest about jobs, news, and events. Promise, no spam!
You can unsubscribe anytime.