Asset World Corp Public Company Limited or AWC, a Thai real estate developer that focuses on integrated lifestyle solutions, joins forces with Siam Commercial Bank (SCB) to continue the sustainability commitments of both organizations in Conducting business in accordance with sustainable development guidelines signed a loan cooperation agreement linked to sustainability operations (Sustainability Linked Loan) and green loan (Green Loan) amount 20, 000 million baht to develop mega-quality projects into mega global destinations, bringing new standards to strengthen the real estate industry. and the tourism industry that focuses on reducing the use of resources and promoting energy efficiency in all dimensions Create holistic value for stakeholders in all sectors along the value chain, including supporting various initiatives. to develop the sustainability of marine resources and future social development ready to build Thailand into a world-class sustainable tourism hub

Mr. Krit Chanthanotok Chief Executive Officer The Siam Commercial Bank Public Company Limited said, “AWC's continued investment, the country's leading real estate developer, It is a clear indicator of the future of the Thai economy that is improving. Siam Commercial Bank Aware of the role in driving sustainability for Thai society in all dimensions. Therefore, we are pleased to be involved in supporting credit linked to sustainability operations. (Sustainability Linked Loan) and green loan (Green Loan) amount 20, 000 million baht to AWC to support the development of new projects. and AWC's sustainability performance, as well as supporting the bank's environmental commitments. and businesses under the SCB X group, with a target of net zero greenhouse gas emissions from operations by 2030 and from lending and investment by 2050. The Bank is confident in its business potential. AWC and believes that the financial support of 20,000 million baht this time It will enhance the business potential of AWC through the development of many quality projects. that will excite the real estate industry and support Thailand as a world-class sustainable tourism destination.”

Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corp Public Company Limited or AWC, said, “AWC is impressed with SCB's commitment. A shared vision of sustainability that has issued the country's first sustainability credit Along with moving forward to join forces to create sustainable growth for all sectors AWC is very pleased to be a part of SCB in strengthening the real estate industry economy. and the country's tourism industry. AWC is committed to developing mega-quality projects into world-class sustainable tourism destinations (Mega Sustainable). destination), for example, the Asiatique project. which will be built as a sustainable landmark along the Chao Phraya River for Bangkok Aquatique Project Central Pattaya and the Weng Nakorn Kasem project, the center of historical and cultural values in the center of Chinatown. Including the Lan Na Na project which is valuable to the charm of Lanna arts and culture in the heart of Chiang Mai, etc., which AWC believes that the development of various projects into this global sustainability destination. It will be a part to continue the main policies and strategies of the country to become a world leader in sustainable tourism.

AWC also strives to develop buildings according to international green building standards, such as the Innside by Melia Bangkok Sukhumvit Hotel. Which is certified EDGE (Excellence in Design for Greater Efficiencies) and InterContinental Chiang Mai Mae Ping is certified LEED & WELL PRECERTIFIED as well as many other projects. By using the first sustainable credit that was supported by SCB last year, AWC is currently working with partners from leading financial institutions to provide long-term credit lines linked to sustainability by more than 75 percent and aims to increase the proportion of credit limit. Long-term loans are 100% linked to sustainability in order to create a sustainable future for the country.”

AWC aims to drive business under the framework of sustainable development, 3 pillars, 9 dimensions or 3 BETTERs, consisting of 1) creating environmental values (BETTER PLANET) for a better world environment 2) creating social values (BETTER PLANET) BETTER PEOPLE) for people to have a better quality of life 3) to create economic value (BETTER PROSPERITY) for a better national economy

In the past, AWC has continuously implemented projects to support sustainable development, for example, Sheraton Samui Hotel has implemented the Crab Bank project. to aim for the goal of increasing biodiversity and Banyan Tree Krabi, which has partnered with the Andaman Foundation to pilot a sustainable community tourism project Including the implementation of the circular economy. through the reConcept business concept that promotes the use of old furniture and materials Including hotel accessories that are not in use. Recycle and reuse to reduce the amount of waste landfilled as well as investing in the development and management of the Company's real estate projects that promote job creation and generate income for communities surrounding the project And support local Thai entrepreneurs to create sustainable income opportunities through the GALLERY project, etc.

AWC continues to implement the Energy Efficiency Plan (EEP) in line with the credit framework linked to sustainability and green credit operations. to focus on energy efficiency reduce greenhouse gas emissions through the project of installing solar panels on the roof or rooftop of a building Switching to energy-saving light bulbs Optimizing cooling and air conditioning systems Covering hotels in the chain that have been operating since 2019. In addition, AWC will develop affiliated projects according to the framework to apply for international green building standards such as EDGE, LEED or WELL standards to drive sustainable development and take into account Environmental impact by using resources to be worthwhile and most efficient.

“This contract signing reinforces the shared vision of AWC and SCB in business operations as AWC will continue to implement its sustainability strategy through AWC initiatives to jointly create long-term value for to all stakeholders Both to industry, community, society and the nation. Under the mission of “Creating a Better Future”, ready to be a key force in driving Thailand towards becoming a world-class sustainable tourism destination,” Ms. Wanlapa added.

AWC operates under the framework of continuous sustainable development. and has participated in various international standards Both domestically and internationally, such as being assessed by MSCI ESG Rating at the level of "AA", being selected to be included in the Thailand Sustainability Investment (THSI) list of the Stock Exchange of Thailand. was ranked in the sustainability report S&P CSA Yearbook 2023 for the second consecutive year, was selected as the "Top 1% S&P Global ESG Score 2022" and received the "Industry Mover" award as a sustainable company in the hotel and resort industry. The cruise ship was rated “Excellence CG Scoring” in corporate governance reports, was certified as a member of the Thai Private Sector Collective Action Coalition Against Corruption (CAC) and was rated in the “Excellence CG Scoring” level. As an organization with good corporate governance of listed companies in ASEAN of the year 2021 (ASEAN CG Scorecard) .-Thai News Agency

Source: Thai News Agency