last year. As a result, same-store utility cost increased only 0.9% YoY, thanks to CPN’s continuous effort to conserve energy usage. Hence, the cost-to-revenue ratio is expected to be similar to the

CPN’s continuous effort to conserve energy and utilities in operations. • Higher maintenance, repair and personnel expenses to support the expansion of new shopping malls. Cost of food center services CPN

electricity unit consumption compared to last year. As a result, same-store utility cost increased only 1.8% YoY, thanks to CPN’s continuous effort to conserve energy and utilities in operations. Central

decreased 1.3% YoY, thanks to CPN’s continuous effort to conserve energy usage. Hence, the cost-to-revenue ratio is expected to be similar to the magnitude of last year amidst the increasing trend of

utility cost decreased 1.7% YoY, thanks to CPN’s continuous effort to conserve energy and utilities in operations. • Higher maintenance, repair and personnel expenses to support the expansion of new

shopping malls and from the Company’s continuous effort to conserve energy and utilities in operations. Hence, the same- store utility cost decreased 8.2% YoY. • Higher maintenance, repair and personnel

close shopping malls and from the Company’s continuous effort to conserve energy and utilities in operations. Hence, the utility cost decreased 45.6% YoY (for the first six months of 2020, utility cost

conserve energy and utilities in operations. Hence, the utility cost decreased 45.6% YoY (for the first six months of 2020, utility cost decreased 25.5% YoY). Gross profit of rental and services business The

, meanwhile, achieved lower electricity unit consumption compared to last year thanks to the Company’s continuous effort to conserve energy and utilities in operations. Hence, the same-store utility cost

Low Carbon Land Transport and the Climate Bonds Standard (Version 1.0) Background Paper to Eligibility Criteria Low Carbon Transport Technical Working Group Climate Bonds Standard and Certification Scheme: LC Transport Technical Working Committee Page 2 of 20 Contents 1 Introduction ...................................................................................................................................... 3 2 Leveraging climate bonds to develop low carbon transport infrastructure ........