, assumptions, and data for the audience (whether it is an external reviewer, a bank, a government, or general public) of the report to be able to verify information through an independent third party.  If all

. Small, and Kurt Van Dender. "Induced demand and rebound effects in road transport." Transportation Research Part B: Methodological 44.10 (2010): 1220-1241. Climate Bonds Standard and Certification Scheme

generated by just two GHG protocol categories: (i) the production of raw materials and (ii) the transportation of finished goods. CHANEL conducted its first corporate-wide carbon footprint exercise in 2015

produced with emission intensity above defined in the green category of the Table 11 491 (including all sub-codes) Transport 4.2.1 Transport via railways climate change mitigation Rail transportation of

4.2. Transportation Sector: an overview ........................................................................... 51 4.2.1. Transport via railways

, Social and Sustainability Bonds External Reviews ▪ Guidelines for External Reviews provide voluntary guidance relating to professional and ethical standards for external reviewers, as well as to the

• Participating in external cap and trade allowance trading programs • Calculating carbon taxes Recognition for early voluntary action • Providing information to support “baseline protection” and/or credit for

of Proceeds, Process for Project Evaluation and Selection, Management of Proceeds and Reporting), as well as recommendations for the use of external reviews. It mirrors the additional guidance and

and transportation sectors, which account for the highest proportion of greenhouse gas emissions. The Taxonomy will, in essence, standardize Thailand’s economic activities and will be used as benchmarks

audited and made publicly available. The achievement of the targets will be reviewed by an external auditor. This opinion is based on the review of the information provided by the Issuer, according to our