and mitigate physical and transition risks, guided by the Representative Concentrating Pathways (RCP) scenarios from the Intergovernmental Panel on Climate Change (IPCC) and scenarios proposed by the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). We also identify business opportunities associated with transitioning to a low-carbon economy and implement adaptation plans for floods, heatwaves, soil movement and coastal inundation. The TNB ET Plan outlines our long-term strategy to address climate change and emissions, as below: We aim to reduce emissions, strategising for: Cleaner generation capacity Increased RE capacity Enhanced operational efficiency across the value chain We have identified Carbon Capture & Storage (CCS) technology as a potential solution in decarbonising the power sector. We continue to play an active role in researching and advancing thistechnology For the remaining hard-to-abate emissions, we are exploring the development of carbon credits with nature-based carbon trading Reducing Carbon Emissions Adopting Carbon Capture Technologies Exploring Carbon Market Trading MANAGEMENT APPROACH SUSTAINABILITY DISCLOSURES ON MATERIAL MATTERS SUSTAINABILITY STATEMENT Sec 3 73 In 2021, TNB committed to no longer investing in greenfield coal plants. We are exploring the viability of retiring coal-fired power plants earlier than planned, subject to shareholders’ agreement and approvals from the relevant authorities and regulators. The GHG Scope 1 emissions of our coal power plants is expected to reduce as these plants retire according to the respective Power Purchase Agreements (PPAs), as follows: Our partnerships with Mitsui & Co. and Chugoku are making substantial strides in advancing the feasibility study for co-firing coal with biomass and ammonia at the Jimah East Power Plant. Following the successful completion of the feasibility study at Phase 1, we started Phase 2, with an in-depth analysis of technical behaviours through a small-scale project of actual