STRATEGY We’ve completed comprehensive analyses of both transitional and physical climate scenarios across all our assets to assess the likelihood and magnitude of potential climate-related effects. Our assessments are framed within three distinct timeframes: short-term (recent - 2025), medium-term (20262030), and long-term (2031-2050). These timeframes are consistently applied across our evaluations and strategies for mitigation and adaptation. Primarily, our analysis focused on assets under our operational control at the national level. Additionally, we took into account assets where we hold minority stakes at the corporate level. A significant financial impact is defined as any loss or gain surpassing 15% of Net Profit. Nonetheless, this criterion alone does not determine prioritization. We also take into account the probability of events occurring. This means scenarios with low financial impact, but a high likelihood may still be categorized as high-risk scenarios. Climate-related risks and opportunities identification Banpu employs a risk management strategy that harmonizes acceptable risk thresholds to accomplish business goals and fulfill stakeholder expectations. This approach is consistently implemented across strategic planning, project execution, and day-to-day operations. Utilizing a combination of qualitative and quantitative techniques, the company evaluates the potential impacts of risks. Result of transition risks and opportunities and physical risks identification can be summarized as follows; Risk topics High priority risks and opportunities Physical risk • Acute • Chronic Transition opportunity • Resource efficiency • Energy source • Products and services • Markets • Resilience Transition risk • Current regulation • Emerging regulation • Technology risk • Legal risk • Market risk • Reputation risk Transition risk • Carbon Pricing • Stigmatization of sector Transition opportunity • Developing/expanding low carbon goods and services • Participating in carbon market Physical risk • Drought • Heat • Heavy Precipitation • Wildfire Climate Change Report 2023 22 Introduction Governance Strategy Risk Management Metrics & Targets Looking Ahead