projects) as well as the ASEAN SBS (i.e. projects which involve activities that pose a negative social impact related to alcohol, gambling, tobacco and weaponry).

a negative social impact related to alcohol, gambling, tobacco and weaponry are excluded CASE STUDIES 9 ICBC’s first green bond ▪ Industrial and Commercial Bank of China (ICBC), the largest bank in

activities that pose a negative social impact related to alcohol, gambling, tobacco and weaponry are excluded from the ASEAN SBS. Issuers are also encouraged to develop a list of additional ineligible projects

with the concept to improve real life 2 Mr.Thanathorn Boonsiripattanajaroen - Bachelor's Degree Peking University Department of Engineering Weaponry None None - Production Director The Bangkok Iron and

acquisition of anti-personnel mines and cluster munitions. For Credit Suisse's position on the issue, please see https://www.credit- suisse.com/media/assets/corporate/docs/about-us/responsibility/banking/policy