52 FROM OUR LEADERSHIP 02 NAVIGATION ICONS This icon tells you where you can find related information in this Report. This icon tells you where you can find more information online. ScanthisQRcodetoviewitonlineorvisit www.tnb.com.my TENAGA NASIONAL BERHAD Integrated Annual Report 2023 2 BASIS OF THIS REPORT This Integrated Annual Report is designed to offer stakeholders a detailed and balanced overview of Tenaga Nasional Berhad’s (TNB) financial and sustainability achievements over the financial year ending 31 December 2023. Our goal is to present our stakeholders, with an accurate view of how we generate value, manage capital decisions, face challenges, and evolve, alongside our future expectations and vision. OUR CAPITALS Manufactured Capital Physical assets and infrastructure that are used in the course of our business operations, such as our power plants, transmissionand distribution networks, office premises and vehicles. Financial Capital Funds that are available to TNB to implement our value creation activities, comprising our shareholders’ equity, borrowings and operational income. Intellectual Capital Intellectual property generated from research and development activities, investments into new technologies and innovation. Human Capital Our people and talents who are responsible for running all aspects of our operations, from our ground staff at our generation plants to our administrative officers and senior leaders. Social and Relationship Capital The relationships of trust we have with our stakeholders and the social approbation created through the reliable and responsible performance of our roles. Natural Capital Renewable and non-renewable natural resources used by TNB to generate electricity, such as coal, wind, natural gas, liquefied natural gas, water and sunlight. MATERIALITY The information presented in this document is considered material to TNB in relation to our material matters. These matters are identified as issues that can affect our Environmental, Social and Governance (ESG) performance