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

achieved faster recovery in comparison with other countries in the region. This was evident by listed companiesû operating profits, expansion of domestic consumption, and strong increases in exports

. • Operating Profit: rose by 104.10% YoY • EBITDA: it was made evident that the corporate and business strategy restructuring, efficient cost management together with business reorganization by emphasizing in

statistically significant with a negative sign. Results : A logistic regression model 2 It is evident that when clients move to the Big 4, they pay higher audit fees, especially in 2020. Clients are more likely

continuously increased over the past few years as evident from an acceleration of its advertising expenditures by 3.6%1 YoY to THB 1,678mn in 3Q 2017, benefiting from the shift in people’s behavior to spend more

income base as evident in the financial performance in Q1. In 2020, the net profit of the Company and subsidiary companies decreases 38.03% from the same period of the previous year as the income from

being major shareholder of securities company.   Clause 9  Where it is evident that any securities company has major shareholder not approved either by disqualified characters in accordance with Clause 4

-margins HVA businesses, in- tegration into advantaged feedstocks in balanced markets and timely investments in key geogra- phies. As is evident in the graph alongside, earn- ings growth has accelerated

advertising industry remains sluggish as evident from the contraction of overall advertising expenditures by 11.4% YoY to 26,351mn in 2Q 2017/18. Advertising expenditures in the TV sector having the highest

improvements in sales revenue will be evident in the 3rd quarter of 2020 and this should result in much improved financial performance in the latter half of the year. Impact from Changes in Accounting Policy