Central Pattana Public Company Limited has issued and offered for sale its Green Bonds, marking the first of its kind in Thailand's real estate and retail sector, in collaboration with UOB Thailand. The funds will be invested in projects related to renewable energy, sustainable water and wastewater management, energy efficiency improvements, green buildings, and other environmentally friendly initiatives.

Ms. Naparat Sriwanwathit, Chief Financial Officer and Executive Vice President of Finance, Accounting, and Risk Management, as well as the Excellence and Sustainable Development Management of Central Pattana Public Company Limited stated, “The issuance of Green Bonds this time is part of our commitment to environmental care, or Better Planet, in line with the United Nations' sustainable development goals and the Journey to Net Zero plan by 2050.

Central Pattana views this as a significant commitment from all of us. As a representative of the private sector committed to Thai society for over 40 years, we aim to pass on a better environment to this world. Therefore, we are proud to be the first to launch Green Bonds in the real estate and retail sector in Thailand, while institutional investors have shown great interest in our project.”

In this issuance, the company has offered a total of 2 billion baht in bonds to institutional investors, distributed by UOB Thailand. This includes 1 billion baht in 3-year Green Bonds and 1 billion baht in 3.5-year unsubordinated, unsecured bonds. The proceeds from the Green Bonds will be used for projects or assets related to renewable energy, sustainable water and wastewater management, energy efficiency improvements, green buildings, and other environmentally friendly projects for the company or its subsidiaries, in accordance with the criteria specified in the Green Finance Framework, which complies with the Green Bond Principles (GBP) and ASEAN Green Bond Standards (ASEAN GBS). DNV Business Assurance Australia Ltd. has provided independent verification, and the bonds have been rated “AA” with a “stable” outlook by Tris Rating Co., Ltd.

Central Pattana Public Company Limited has continuously operated sustainably to care for the environment, being the only real estate company in Thailand that is a member of the global sustainability index DJSI World for the fourth consecutive year and DJSI Emerging Markets for the eighth consecutive year. The company aims to be the first Mixed-use Developer in Thailand with a long-term plan to achieve Net Zero Carbon Emission by 2050, continuing the Journey to Net Zero and the brand's commitment to Imagining better futures for all. The roadmap includes reducing carbon dioxide emissions and net pollution from shopping centers, residential buildings, office buildings, and hotels nationwide by reducing energy use by 50%, decreasing CFCs and ozone-depleting substances, and promoting clean energy use by another 50%. Additionally, we aim to plant 1 million trees to increase green space both within and outside our projects as soon as possible.

Watch the video about the company's sustainability activities at https://www.youtube.com/watch?v=zFhIwv__5e8