CSR is harmful to corporate value creation since companies investing in CSR activities incur unnecessary expenses and possibly weaken competitive advantage (e.g., Crisostomo et al., 2011; Tandry et al

) Estimated CBAM cost, USD per tonne Estimated CBAM cost as % of spot price, per tonne (RHS) Credit Suisse ESG Research, APAC3 Source: Credit Suisse Sustainable competitive advantage: Place the company at the

infrastructure and E&M Systems for the MRT Blue Line Project, in the amount of Baht 2,777.7 Million (excluding VAT), as well as (Translation) 7 approval for appointment of Capital Advantage Co., Ltd. as an

as a replacement for the cable at all electric current levels which provide advantage in terms of Security, Ease of Installation, Space Saving and Neatness. IGP is the first and only one in Thailand

quality of food and safety standards throughout our operation, right from the animal feeds through the end products delivered to our customers. Furthermore, the Company maintains its competitive advantage

3Q2016 predominantly from cost advantage from lower major feed material price and the growth in chicken export volume. In addition, the consolidated EBITDA in 3Q2017 was THB 896.18 million, an increase of

flexibility to access. 3. CAZ will be more strengthened and increase its competitive advantage. 4. To be listed on the mai will increase liquidity and value of CAZ ordinary share. 8. Business Reliance

channel to the future fund raising, which has more flexibility to access. 3. CAZ will be more strengthened and increase its competitive advantage. 4. To be listed on the mai will increase liquidity and

approval for appointment of Capital Advantage Co., Ltd. as an independent financial advisor to provide opinions on the justification and benefits for the Company, price fairness, and conditions of the

from the animal feeds through the end products delivered to our customers. Furthermore, the Company maintains its competitive advantage by concentrating on its 100% own farm policy and cost efficiencies