In the 2025 Sustainability Report, TBS’s President Director and President Commissioner reflect on a defining moment in the Company’s transformation. Their message is clear: sustainability is no longer a standalone initiative, but a core business model that must deliver long-term value, responsible growth, and measurable impact.

Guided by TBS2030, TBS is working toward carbon neutrality by 2030 while strengthening its low-carbon growth pillars in waste management, renewable energy, and electric mobility. In 2025, this transformation was reinforced through the launch of the Climate Transition Plan, stronger emissions governance, the divestment of coal-fired power plant assets, and continued investment in low-carbon businesses.

At the same time, the Board recognises that transition must be managed with discipline. Moving away from coal requires careful calibration, strong enterprise risk management, prudent capital allocation, and clear oversight of sector-specific challenges. This includes monitoring climate-related risks, liquidity resilience, regulatory developments, and the scalability of TBS’s green businesses.

The message also emphasises that a sustainable business must place people at the centre of transition. Through the establishment of TBS Foundation, the development of a Community Development Framework with Columbia University, and a continued focus on upskilling and internal mobility, TBS is working to ensure that its transformation is just, transparent, and responsible for all stakeholders.

For TBS, sustainability must be both purposeful and resilient — a foundation for building a future-ready business that can create value for shareholders, communities, employees, partners, and the environment.