Investor Strategies for Incorporating ESG Considerations into Corporate Interactions www.blackrock.com www.ceres.org Century21st Engagement Investor Strategies for Incorporating ESG Considerations into Corporate Interactions [ 5 ] FOREWORD The Value of Our Voice ......................................................................................................................................... 1 How ESG Megatrends Are Shaping Valuation ...........................................................

privileges for many years. Overall, the Thai stock market is still considered to be a relatively attractive market in the region. As of December 31, 2004, the P/E ratio of the SET was at the level of 9, the

debate within the board of directors, and ongoing engagement and dialogue with shareholders) makes the company more attractive to investors and lenders. In a region where corporate governance risk remains