critical enabler to future-proof our business as we continue implementing our Reimagining TNB strategy and Energy Transition plan. In addition, we will continue to strongly support initiatives that will elevate the energy literacy of our citizens as they too are important stakeholders. A better understanding of energy systems and the various impacts of energy transition will enable decision makers to make more informed decisions, which will hopefully lead to a brighter future for our planet. Partnerships for Success FROM OUR LEADERSHIP Sec 2 31 Among the notable initiatives undertaken by TNB this year included the enhancement of the roles and renaming of the Board Risk Committee (BRC) to the Board Sustainability and Risk Committee (BSRC) in August 2023, which will assist the Board of Directors in fulfilling its responsibilitiesby providing oversight of the implementation effectiveness of the Group’s sustainability and risk management frameworks. We also formed a new Sustainability Division, headed by the Chief Sustainability Officer, with the key roles to ensure the effective deployment of our sustainability strategies, thus helping us to meet our targets and strengthening sustainability governance across the Group. OUTLOOK Looking ahead for Malaysia, economic growth is expected to track upwards to 4-5% in 2024, from the 3.7% recorded in 2023, driven by the recovery in exports and resilient domestic expenditure, according to Bank Negara Malaysia. Growth will be supported by a solid labour market, enhanced household spending and improvements in tourist arrivals. In addition, sustained investment activities propelled by ongoing multi-year projects in both the private and public sectors, as well as the execution of catalytic initiatives under national master plans provides further upside. Fuel prices are also expected to ease in 2024. We see further upside for TNB going forward especially with the government’s robust efforts to drive the decarbonisation agenda. With policies supporting the expanding adoption of EVs