California Renewable Energy Transmission Initiative and the EPA RE-powering America’s Land project.14 Recycling In Europe, solar PV systems are covered under the Waste from Electrical and Electronic Equipment

from Base Year (2014) -41.0%-39.0% achieved -40.0% 7 CARBON FOOTPRINT REPORT Data from January - December 2020 8 Operational Efficiency 9 SOLAR Renewable Energy 48 Projects Saved 37.7 GWH energy/year

renewable energy project development overseas, (2) land rental for solar projects operating under SAAM, SAAM-1, SAAM-2, and SAAM-3, and (3) depreciation expense for buildings and equipment. In 2019, cost of

Padaeng Industry Public Company Limited and its subsidiaries ( “ the Company” ) reassessed its business structure to move towards Green Businesses targeting renewable energy and real estate business. To

Renewable Energy Criteria. https://www.climatebonds.net/standard/marine https://www.climatebonds.net/standard/marine Disclaimer: The Climate Bonds Standard Board operates legally as an advisory committee of

Company consists of costs of services and rental from services and development of renewable energy projects businesses, and cost of sales from electricity generation and distribution business. For the 9

increase 1.58 million baht or 97.47% due to recognition of selling and service expenses of subsidiaries in renewable energy business and real estate development business.

move towards Green Businesses targeting renewable energy, material recycling and eco management. To pursue its business strategy, 36 MW solar farms in Thailand have been acquired in late 2016 and during

solar panels, cutting grass, maintenance of equipment, and costs related to renewable energy project development overseas, (2) land rental for solar projects operating under SAAM, SAAM-1, SAAM-2, and SAAM

grass, maintenance of equipment, and costs related to renewable energy project development overseas, (2) land rental for solar projects operating under SAAM, SAAM-1, SAAM-2, and SAAM-3, and (3