the impacts we have on climate change, as well as the threats of climate change to our existing infrastructure and business sustainability. MM 3 Climate Change and Emissions Climate Change The transition to decarbonisation focuses on the progressive expansion of low-carbon generation assets and the phasing down of our coal-fired generation capacity in stages. This is further supported by our approach to efficiently operating thermal power plant operations and investing in innovative solutions research and development to scale up efficient energy generation and carbon capture technologies. At the core of TNB’s Energy Transition Plan lies the ambition to achieve Net Zero Emissions and coal-free plant operations by 2050. The transition to Net Zero Emissions began with an interim target of a 35% reduction in emissions intensity by 2035 beforeachieving Net Zero Emissions by 2050. The delivery of these targets is anchored on our business operations, national policies and international frameworks on climate change that are aligned with supporting Malaysia’s ambitious goals of achieving carbon neutrality by 2050. We continue to assess 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