1. Decarbonization: Our decarbonization strategy includes a strong commitment to cease coal usage by 2025, a sustainable transition of thermal assets to low-emissions and more efficient technologies, and selective M&A opportunities in dispatchable natural gas capacity.

2. Performance of Existing Assets: We will focus on achieving world-class operational efficiency through a new global operations organization that will pursue performance improvement opportunities, as well as valuable repowering and revamping projects within the portfolio. In addition, we will maximize value creation from existing assets through better commercial and energy management capabilities, focused on maintaining stable energy supply while aiming to build strong customer relationships and deliver innovative PPA solutions.

3. Growth:  In addition to reinforcing our in-house growth functions such as M&A, Business Development, Engineering and Construction, and Sustainability, we will pursue development partnerships in established technologies like solar, storage and batteries, and onshore wind.

4. Portfolio Innovation: We will exploit opportunities to capture value from key future technologies with strong growth potential, such as biomethane and green hydrogen. Our approach aims at innovative, risk-mitigated approaches to capture value by combining stable cash flows and optimal cost of capital management.