trees planted across various locations throughout Malaysia. Additionally, TNB has electrified 108 vehicles within its fleet, aligning with its objective to replace 30% of its vehicles with electric vehicles (EVs) by 2030, showcasing a tangible shift towards a more sustainable corporate transport policy. We are also expanding the participation of local companies and vendors in our energy transition initiatives through various vendor engagement and development programmes. The ongoing Advanced Metering Infrastructure project is a great testament where we managed to develop a pool of capable local vendors, manufactures and installers to realise the target of smart meter installations nationwide while contributing to job creation and skill development for the nation. GOVERNANCE In 2023, Tenaga Nasional Berhad (TNB) made significant strides in enhancing its governance structures, with a pronounced emphasison Environmental, Social and Governance (ESG) principles. I recognise Management’s efforts in bolstering governance, especially in the ESG context as it underscores TNB’s commitment to sustainability and responsible corporate conduct, aligning with expectations from stakeholders. CHAIRMAN’S LETTER TO SHAREHOLDERS At TNB, we recognise that the Energy Transition (ET) journey is a shared responsibility and would be impossible to achieve on the strength of just one company. With the growing sense of urgency to push ahead with this agenda, it is heartening to note that others are also acknowledging this and reaching out to collaborate in order to achieve this mutually beneficial goal. With this as the backdrop, TNB has continued to forge partnerships with like-minded organisations across our entire value chain, from our generation business, transmission and distribution network as well as retail to benefit our customers. We have also been particularly interested in nurturing nascent green technologies that hold great potential to boost the ET journey, as we recognise that these technologies will require incubation before