green Charm, NC Royal Pinklao, Greenery Ratchapreak, Townee and Baan Pha Piyarom Tendro Rental income and service revenue The Company and its subsidiaries’ rental income and service revenue earned

monitoring and evaluation of the relevance of the risks and resilience measures and related adjustments to those measures will be taken. M2: No clearing of woody vegetation over 3 metres in height after 2020

management and drought warning • Planting / removing vegetation explicitly to modify water temperatures, evaporation rates, runoff patterns Water Infrastructure Criteria under the Climate Bonds Standard

sequestration. Techniques can include soil carbon management, restoration of native vegetation, and eliminating in-field burning practices. Indirect land use Possible unintended consequences of indirect land use

, sourcing, or financial investments that do not cause or contribute to deforestation (AFi, 2019). Peatland: An area with or without vegetation with a naturally accumulated peat layer at the surface, while

, 40, 1283-1301. MacBeth, J.D. and L. J. Merville, (1979). An Empirical Examination of the Black-Scholes Call Option Pricing Model. Journal of Finance, 34, 1173-1186. Mastinsek, M., (2012). Charm