increased to an all-time high from the past 3 years, as well as market sentiment fearing for the prospect of trade war after the US increased import tax of various raw materials, which would inadvertently

throughout the year by a slowing global economy due to the trade war between the US and China, which inadvertently lowered global oil demand. This also coincides with the International Monetary Fund (IMF

THB 336 million compared to Q3/2018. In the quarter, the refinery’s production rate declined from the Hydrocracking Unit maintenance, however inadvertently gained from the price of Low Sulphur Fuel Oil

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