| Long-Term: 2035-2050. Refer to MM7 (Customer Experience and Satisfaction) on pages 87-89. Refer to MM2 (Energy Transition and Innovation) on pages 68-71. OUR RESPONSE TO CLIMATE CHANGE Refer to MM2 (Energy Transition and Innovation) on pages 68-71. TENAGA NASIONAL BERHAD Integrated Annual Report 2023 110 OUR RESPONSE TO CLIMATE CHANGE Type No Transition Risk Short/Medium/ Long Term* Potential Impact Management Approach Energy Source 2 Renewable energy growth Opportunities to increase RE portfolio locally and internationally Short term Revenue Capture strong RE growth potential in domestic & international markets through subsidiaries, i.e., TNB Renewables, Spark Renewables and Vantage RE Adopt commercial capabilities in foreign markets to drive domestic RE growth Product and services 3 Demand for low-carbon electricity and green energy solutions Opportunities from increased demand for renewable energy,energy storage and electrification Medium term Revenue Implement a decarbonisation strategy that includes green energy solutions across the electricity value chain as per the TNB Energy Transition Plan Implement identified energy transition projects in linealigned with the National Energy Transition Roadmap (NETR) Establishment of GSPARX and TNBX to provide beyond KWh solutions, e.g., solar rooftop with storage solution. Develop and enhance digital platforms such as myTNB apps, an EV charging platform, a digital marketplace, and green energy aggregation, and a trading platform, to complement ET initiatives Establishment of PMO EV to accelerate the EV adoption rate in Malaysia Strengthen TNB’s brand presence in supporting EV proliferation Install EV chargers along highways, major trunk roads, and TNB premises, to encourage connectivity among EV users Markets 4 Diversification of business activities Opportunities to diversify business activities leveraging energy transition targets, green and emerging technology, digitalisation and strategic partnership Medium term Revenue Embark on strategic partnerships for new