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 ...........................................................

+ Exposure P ri c e Underlying stock price Option position Stock position Gamma Risk • In case of a European call option, a hedge portfolio is constructed by establishing a long position in the option and a

leading English-newspapers from US, UK, and Canada, related to war threat, terrorism, military-related political tensions, nuclear, and etc. They are constructed for 14 emerging market countries from 1985

to numerous environmental impact concerns in recent years. These can include inter alia:  Land use rights and land access: where land is subject to native title or cultural heritage conditions

construction of community mall project is worth 230,000,000 baht which will be constructed by the beginning within 2020. 6. Total value of consideration paid or received and basis of calculation The entire

starting from 29 January (Commercial Operation Date) with the total installed capacity of 69 MW . Currently, the Project is completely constructed and in its commercial operation with the following details

corporate value represented by their ROE and operating profit. Indices for Strategic Beta strategies:  S&P GIVI Japan (S&P Global Intrinsic Value Index): constructed by book value and discounted projected

brand that is unique Thai heritage combined with international standards, the Company has focused more on the hotel management revenue to support the expected drop of hotel revenue from the closure of

scheduled to operate through April 2018. This will allow more time for the Company and its partner to add greater detail in design and development, ensuring the new project well embraces cultural heritage

, respectively. o Dusit Thani Bangkok Hotel By preserving the rich artistic and architectural heritage, embracing the best international standards, and adopting innovative technologies, the new Dusit Thani Bangkok