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

containing the COVID-19, economic growth is forecasted to contract by -7.8%1; the lowest growth among ASEAN countries. In addition, a range of political issues are loading to an uncertain economic recovery

climate-related physical or transition risk changes over the short, medium, and long term. Novel and uncertain nature Many of the effects of climate change have no precedent, limiting the ability to apply

. Until date, the Company has agreed with the customer to end this project, and it is in negotiation with the customer regarding amount to be settled, which is still highly uncertain at this stage. At 31

uncertain as conditions stated under Expected transaction date have to be achieved first. Therefore, the Company will calculate the value of the transaction and will inform the Stock Exchange of Thailand and

tried to minimize the risks that might incur from the uncertain spread of COVID-19 outside Thailand and the stringent housing loan approval policies adopted by the financial institutions. MK gave its

their capacity to adapt to the effects of climate change. New technologies and innovations are needed for the luxury sector to increase the use of renewable, recycled and sustainable materials in products

criteria ▪ Step 3: Introduce oversight ▪ Step 4: Adapt investment process ▪ ABSOLUTE EXCLUSION No investment in exclusionary criteria ▪ THRESHOLD EXCLUSION Partial investment ▪ RELATIVE EXCLUSION Best-in

and closures that may be imposed for spikes in occurrences of the virus and the extent to which any such measures could be implemented remain uncertain, including whether any more temporary or permanent

guidelines include templates for the format of impact reporting at a project and at a portfolio level that issuers can adapt to their own circumstances. The GBP encourage further initiatives, to help establish