properly communicating its transition strategy or greenwashing? Physical Risk • How susceptible are the company’s value chain, including its supply chain, its own operations, and its customers, to chronic

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

index, is also similar. Because an IV analysis is much less susceptible to endogeneity, our conclusion appears to be robust, suggesting that greater board gender diversity, not only is associated with

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

, which make them susceptible to returns-chasing behavior. We find that managers tend to 18 For example, in the US, section 18 of the Investment Company Act of 1940 restricts the ability of funds to issue

are often subject to being counterfeited or copied. Some products, in particular leather goods, perfumes and cosmetics, are susceptible to being distributed in parallel retail networks, including online