navigating a challenging risk landscape. The BRC successfully launched the TNB risk slogan, “RISK - First In Mind”, during the forum and the slogan has been further cascaded to all levels of employees through various communication platforms. Statement on Risk Management and Internal Control The BRC jointly reviewed and endorsed the Statement on Risk Management and Internal Control with the BAC. Subsequently, the Board approved it for inclusion in the TNB Integrated Annual Report. This statement outlines the Group’s implemented risk management practices and internal controls. Additionally, it includes assurance from the President/CEO and Chief Financial Officer to the Board, confirming that the Group’s risk management and internal control system are operating adequately and effectively in all material aspects. (II) BSRC From 25 August 2023 onward, the BSRC continuedto exercise the oversight by the Board of Directors on the effective governance and implementation of risk and in addition placed further emphasis on sustainability initiatives, as follows: Sustainability Governance The BSRC deliberated on TNB Sustainability Pathway and Energy Transition (ET) Plan, addressing transition risks and key action items in our ET journey. Additionally, the BSRC also deliberated on the governance and structured monitoring of the TNB Sustainability Pathway and ET Plan that was reformed in FY2022 through the introduction of the Sustainability and Energy Transition Council (SETC). This council aims to coordinate and oversee the TNB ET Plan, providing a platform for discussing the sustainability agenda, strategy development, implementation and value delivery of ET initiatives and climate-related matters. In the year under review, BSRC also approved revisions to the ESG related Key Risk Indicator (KRI) and its status was tabled quarterly through the TNB Risk Dashboard Report. TNB Sustainability Statement The BSRC deliberated on the approach and plan for compliance, assurance, reporting of the TNB Sustainability Statement and the