environmental and climate management Technology 4 Low Carbon Technology Uncertainty in the deployment of low-emission technology due to high investment and technology maturity Short term Capital Investment Implement a decarbonisation strategy, leveraging digitalisation and technology innovation per the TNB Energy Transition Plan 5 Talent Gaps Talent gaps that require upskilling and reskilling to navigate new and emerging technologies Short term Cost Implement a talent management programme customised to meet energy transition technology requirements Refer to MM3 (Climate Change and Emission) on pages 72-76. Refer to MM3 (Climate Change and Emission) on pages 72-76. Refer to MM6 (Environmental Management) on pages 82-86. OUR RESPONSE TO CLIMATE CHANGE Refer to MM11 (Employment Culture) on pages 102-106. Refer to MM2 (Energy Transition and Innovation) on pages 68-71. Scenario Description Expected global temperatureincrease by 2100 Risk exposure to TNB Business Physical Transition NGFS’ Net Zero 2050 scenario An ambitious scenario that limits global warming to 1.5°C through stringent climate policies and innovation, reaching net zero CO2 emissions around 2050. 1.5-2°C Low Low SUSTAINABILITY STATEMENT Sec 3 109 Transition opportunities in the energy industry abound as we embark towards a low-carbon economy. Type No Transition Opportunity Short/Medium/ Long Term* Potential Impact Management Approach Resource Efficiency 1 Energy management at supply and demand side Opportunities to reduce resources required to generate electricity and required energy efficiency solutions Short term Cost Optimise asset performance and efficiency through technology and innovation Repowering of power plants using cleaner green technology Collaboration with the Energy Commission (EC) on the Malaysia Energy Literacy Programme Refer to MM3 (Climate Change and Emission) on pages 72-76. Type No Transition Risk Short/Medium/ Long Term* Potential Impact Management Approach Market 6 Changes in the electricity supply industry Changes in the