Central Pattana Public : TCFD Building Climate Resilience

A supporter of the Task Force on Climate-Related Financial Disclosures

Imagining

better futures

for all

For over four decades, Central Pattana Plc has become a household name for many Thais. We pioneered Thailand's commercial property, developing and managing it to reach the national pinnacle. We were the trailblazer in world-classmixed-use projects ranging from shopping centers, office buildings, hotels, to residences. Novel businesses are our ventures, investing in and revamping of shopping centers while relentlessly evolving new projects and sharpening every aspect of our business caliber to promptly adjust amid various disruptions of the world. Under "Imaging better futures for all" vision, Central Pattana constructs strong and sustainable business ecosystem via a "Place Maker", a developer for futures along with caring for "People" by improving quality of life and community and "Planet" by targeting to become the first mixed-use developer in Thailand to achieve Net Zero emissions by 2050.

"We PIONEER for better lives by upgrading new standard of lifestyle space for the better futures. Through two important factors - Green & Energy via new innovations and design thinking in project development for a standardization and enhancement of environmental care in every aspect; together with Health & Wellness via hygiene and safety scheme along with inclusive design for all groups of people and flexible space conforming to community preferences."

Ms. Wallaya Chirathivat

Director, Chief Executive Officer

CENTRAL PATTANA Building Climate Resilience	1

Climate Change RISK and OPPORTUNITY

Climate change marks are submerging the operational risk landscape with overwhelming natural disasters and environmental turbulences, namely outbreaks, which see overrun properties, uncontrollable resources and trade, much less shipwrecked relations with valuable customers, partners, and stakeholders alike. Considerable sectors in Thailand with global warming intent have set Nationally Determined Contribution (NDC) goals under the Paris Accord framework and stated a commitment to climate solutions to fully realize carbon neutrality goals by 2050 and net zero emissions by 2065. This means adapting to a low- carbon society and accelerating the development of cleaner and more efficient technologies in the backdrop of supportive regulatory bodies in reducing the impact on the market and stakeholders' expectations, facilitating corporate awareness and proactive participation in addressing this manageable risk in the process.

The rise in weather and climate extremes around the world have significant implications for Central Pattana's business value chain. A sustainability risk assessment conducted as part of our organizational risk management looked at the issue in the context of Thailand from its Nationally Determined Contribution (NDC) under the Paris Agreement to the pledge to reach carbon neutrality by 2050 and to achieve net zero emissions by 2065. Among our stakeholders including state agencies, financial institutions, investors and civil society, attention to climate change has also risen steadily.

In 2021, Central Pattana, therefore, worked in collaboration with Thailand Greenhouse Gas Management Organization under the "Science-based Target: SBT" initiative to explore greenhouse gas emissions reduction target setting based on the SBTs (Science Based Targets) approach. The outcomes of the study were then used to set our short, medium and long term targets for GHG emissions. We also partnered with external consultants to complete two scenario analyses, in line with the Task Force on Climate-related Financial Disclosures: TCFD recommendations. They included - Business as Usual Scenario (RCP 8.5), which delivers a temperature increase of about 4°C and Transition Scenario (2 degrees Scenario: 2DS), which limits warming to 2°C. Each scenario analysis took into account policy and legal risks, physical risks and risks to business operations by 2030 and 2050. The outcomes and recommendations from the analyses will subsequently be integrated into our sustainability strategy to become a net zero organization.