Company emphasizes first and foremost on effective cash management. In the meantime, the Company has requested the support to ease cash utilization from financial institution and its business partners

relevant law and regulation in the countries where the hotels operate. With regards to the Company’s financial status, the Company emphasizes first and foremost on effective cash management. In the meantime

is measured using sustainability KPIs that can be external or internal. First and foremost, the KPIs should be material to the issuer’s core sustainability and business strategy and address relevant

foremost to cutting its carbon footprint by reducing the emissions in its own operations and those generated in its global value chain. To do this, the Group is transforming its business and commits to help

investment processes. The world’s foremost issuers, from multinational corporations to financial institutions to governments, also rely on Sustainalytics for credible second-party opinions on green, social and

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