Sustainability Strategy and Commitment

Sustainability Strategy and Commitment

Vision

To be the leading regional property developer with the goal of creating a better and more sustainable future for all.

Purpose
Sustainable Future
Growing A Sustainable Future
Center of Life and Communities

Four Beliefs That Lead the Organization Toward Shared Success

Dynamism

Dynamism
Driven by a strong determination to develop, create, and improve quality of life for all, the Company embraces challenges, sets ambitious goals, and remains resilient in the face of obstacles. Guided by innovation, we seek to create positive change in the world around us. With empathy and a pioneering spirit, we dare to try new approaches while encouraging others to express themselves. Our expertise, curiosity, and forward-looking mindset foster continuous learning and progress.

Customers

Customers
Our customers, including shopping center visitors, store operators, residents, and others, are at the heart of everything we do. Each of us plays an important role in supporting customers at every step, while continuously delivering excellence beyond expectations for customers today and in the future.

Communities

Communities
We are part of the community, society, and the world, where people can come together to create value and enhance quality of life. The Company places importance on all stakeholders and are committed to creating value with shared goals, communities, society, and the planet in mind at every step, for sustainable shared success.

Collaboration

Collaboration
We grow through continuous learning, experimentation, and collaboration with others. With a holistic mindset, the Company considers the needs and perspectives of others, our teams, departments, customers, communities, current and future partners, as well as other companies and collaborative networks. Together, we value collective effort and work toward achieving the long-term vision.

About Central Pattana

Central Pattana Public Company Limited operates a diversified property development business and related ventures, encompassing five core segments

Shopping Center Development and Management - Including large-scale shopping malls, community malls, and food courts
Office Building Business
Hotel Business
Residential Development for Sale
Investment in Property Leasehold Funds and REITs.

These five business segments form an integrated ecosystem. The Company is headquartered in Bangkok, with over 99% of its operations located in Thailand, and one shopping center in Malaysia.

The Company upholds principles of good corporate governance, emphasizing transparency, fairness, and accountability. It places strong importance on all stakeholder groups, integrating sustainability across three dimensions-economic, social, and environmental.

The Sustainable Development Goals (SDGs) of the United Nations serve as a guiding framework for setting long-term business goals, enabling tangible actions across the Company's entire value chain

Sustainability Management

Membership in an Organization

Central Pattana has been continuously recognized as a member of the Dow Jones Best-in-Class World Index (formerly the Dow Jones Sustainability Indices - DJSI World) in the Real Estate category continuously since 2018, and of the Emerging Markets Index since 2014. The Company has also been selected for inclusion in the S&P Global Sustainability Yearbook since 2018 in the Real Estate Management & Development industry. In addition, Central Pattana has received an MSCI ESG Rating, has been assessed by FTSE Russell as a member of the FTSE4Good Index, and is included in SET ESG Ratings. CPN Retail Growth Leasehold REIT, or CPNREIT, has also been assessed by GRESB, a sustainability benchmark specific to the real estate sector.

Sustainability Organizational Memberships / Indices

  • Member of the UN Global Compact (UNGC) (under Central Group)
  • Member of the Thai Private Sector Collective Action Against Corruption (CAC)
  • Dow Jones Best-in-Class World and Emerging Markets Indices (formerly the Dow Jones Sustainability Indices - DJSI World and DJSI Emerging Markets, respectively) in the Real Estate category
  • FTSE4Good Index
  • SET ESG Ratings
  • MSCI ESG Rating
  • S&P Global Sustainability Yearbook
  • Global Real Estate Sustainability Benchmark (GRESB) assessment (CPNREIT only)
Item 2026 Assessment Results
SET ESG Rating AAA
Dow Jones Best-in-Class Indices Score 80
S&P Yearbook Top 10%
FTSE 4.4
MSCI BB
GRESB (CPNREIT only) 2 Stars

Sustainability Practices and Disclosure Frameworks

Central Pattana reports sustainability performance with reference to international standards and applicable domestic requirements to ensure complete, accurate, and transparent disclosure. The reporting approach is guided by the following standards and frameworks:

1
National Guidelines & Regulations
  • Form 56-1 One Report: Annual Registration Statement / Annual Report in accordance with the requirements of the Office of the Securities and Exchange Commission (SEC)
  • SET Sustainability Reporting Guide: Sustainability reporting guide for listed companies by The Stock Exchange of Thailand (SET)
  • SET Sustainability Development Guide: Sustainable business development guide for listed companies by The Stock Exchange of Thailand
2
Global Disclosure Frameworks
  • IFRS S1 & S2: Sustainability- and climate-related financial disclosure standards

    Note: Covers former TCFD requirements and incorporates industry-based guidance from the Sustainability Accounting Standards Board, or SASB Standards

  • GRI Standards: Global sustainability reporting standards
  • SBTi: Science-based greenhouse gas emissions reduction target-setting guidance
  • European Sustainability Reporting Standards (ESRS): Applied only to the General Requirements (ESRS 1) to enhance the materiality assessment process
3
Assurance Standards
  • Sustainability management process: References AA1000AS v3 (Type 2, High Level) to confirm the stakeholder engagement process and materiality determination
  • Accuracy of quantitative data: References ISAE 3000 and ISSA 5000 to confirm the accuracy of environmental and social performance figures

Central Pattana's Sustainability Strategy

Central Pattana defines the strategic direction for business growth by creating a business ecosystem that supports 360-degree living for all groups and shapes sustainable spaces for the future under the vision of “The Placemaker for a Sustainable Future.” The Company develops its strategic direction through core strategic planning and long-term growth planning processes, taking into account changes in the business environment, stakeholders’ needs and expectations, and the organization’s readiness. Sustainability dimensions are integrated to create better outcomes for society, the environment, and business performance. The process is carried out through Corporate Strategy Workshops with executives and submitted to the Board of Directors for consideration and approval on an annual basis.

Core Strategy and Long-Term Growth Direction

Core Strategy and Long-Term Growth Direction
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The Company has established its operating strategy across three core businesses:

  1. Shopping Center Development

  2. Other Property Development Businesses, including

    1. Residences
    2. Offices
    3. Hotels

  3. New Businesses. These are supported by three key enablers:

    1. Digital Technology, Data, and AI
    2. Sustainable Development
    3. Human Capital

The Company is committed to driving the organization through five key approaches:

  1. Serving as the Center of People's Lives

    The Company has made creating spaces that serve as the center of people’s lives a core mission. Through mixed-use development, we aim to enhance quality of life and well-being while pursuing new business growth opportunities that support every dimension of life.

  2. Growing Regionally

    The Company seeks to cultivate a pioneering spirit, which is at the heart of its people and organizational DNA, to bring the best of Thailand to the region and the world, while also bringing the best of the world to Thailand. We aims to capture regional expansion opportunities at the right time through partnerships and new business models, strengthening competitiveness and creating sustainable long-term growth.

  3. Co-thinking and Co-creating

    The Company consistently delivers the best value to customers by working with retailers, tenants, and business partners across all areas to co-create positive solutions and experiences that continuously respond to the needs of all stakeholders.

  4. Embedding Sustainability

    The Company is committed to creating long-term value for all stakeholders. We believe that doing good, caring for the environment, people, and broader communities, and achieving business success are essential to sustainable growth, helping create a long-term balance among economic, social, and environmental value.

  5. Enhancing People Capabilities

    Our people are our most important force. The Company believes in developing organizational capabilities by providing opportunities and supporting everyone to achieve their full potential in order to support future growth.

Sustainability Management Strategy Across Three ESG Dimensions

Central Pattana drives its sustainability strategy under a strong governance structure, with the Corporate Governance and Sustainable Development Committee serving as the key mechanism for setting the direction and strategy for sustainability management in alignment with the vision "Imagining Better Futures for All" and international standards. The Company reviews its sustainability strategy every year to ensure alignment with and support for its business strategy, while systematically reducing ESG risks. Sustainability is integrated into both short-term and long-term business strategies and defined as a strategic plan across three ESG dimensions. The strategy is implemented across the three core businesses, with a short-term focus on businesses with broad impact, namely shopping centers and offices, before expanding to other businesses over the long term. It is also integrated into the operating plans of the three key support areas. Details by ESG dimension are as follows:

1
Environmental Dimension: Creating a Sustainable Environment (Environment - Enhance Better Planet)

The Company aims to become an environmental role model for a better planet by advancing the Climate Transition Plan, which has been enhanced and expanded from the previous Net Zero Pathway to comprehensively cover both impact reduction and climate risk response.

Key Target: To become a net zero greenhouse gas emissions organization by reducing greenhouse gas emissions by 46.2% by 2030 and by 90% by 2050, compared with the 2019 base year.

Driving Strategy: The Climate Transition Plan, which consists of three key strategies:

  • Climate Mitigation: Journey to Net Zero, focusing on reducing Scope 1 and Scope 2 greenhouse gas emissions
    • Accelerate energy efficiency in shopping centers and office buildings through smart building technology
    • Transition to clean energy and full-scale renewable energy in alignment with Science-Based Targets
    • Expand decarbonization of operational emissions to zero and extend carbon reduction across the value chain
  • Circular Economy: Journey to Zero Waste, extending carbon reduction into resource management processes, with a focus on Scope 3 and embodied carbon
    • Manage water resources and waste with maximum efficiency based on the 3R principles: Reduce, Reuse, Recycle
    • Focus on reducing construction waste and selecting environmentally friendly materials to reduce embodied carbon in building structures
    • Collaborate with partners on waste diversion to recirculate materials and reduce landfill waste to zero
  • Climate Adaptation: Green & Resilient Standard, building business resilience and adaptation capability
    • Elevate building design and renovation standards through resilient design to respond to physical risks such as drought, flooding, and extreme heat
    • Develop buildings according to international green building standards, Green & Wellness Building (LEED/TREES), with consideration for well-being and good air quality
    • Create green spaces and ecosystems within and outside projects to serve as carbon sinks and recreational urban oasis spaces
2
Social Dimension: Enhancing Quality of Life and Developing Partners to Grow Together (Social - Sustain Better People & Partnership)

The Company aims to create a society that promotes opportunity, inclusive access, and quality of life collaborating with all sectors to support strong and inclusive economic growth.

Key Target: To enhance quality of life, well-being, and safety under human rights principles, while creating a mutually supportive business ecosystem that grows with partners and communities through shared value creation, delivering long-term value and tangible social outcomes.

Driving Strategy: Creating Shared Value

  • Create Local/Community Wealth:
    • Distribute income and build strong community economies by supporting sales areas and employment, helping strengthen the grassroots economy.
  • Care for Well-being & DEIA:
    • Support well-being, diversity, equity, inclusion, and access to the Company's and partners' products and services. Foster a sense of belonging through public space development and inclusive marketing activities, while caring for safety and respecting human rights.
  • Co-create Ecosystem:
    • Build a sustainable ecosystem through stakeholder collaboration to drive positive change with shared consideration for ESG.
3
Governance and Economic Dimension: A Stable and Fair Organization (Governance - Govern Strong GRC)

The Company aims to create sustainable and profitable business growth based on good governance and excellent risk management, building confidence among all stakeholders.

Key Target: To conduct business with transparency and fairness, and manage risks effectively in accordance with international standards and excellent-level CGR criteria.

Driving Strategy: Build a strong, prudent, and accountable organizational culture.

  • Trust through Governance:
    • Operate under the principles of Good Corporate Governance, upholding transparency and fairness to build trust among investors and stakeholders. The Company integrates good corporate governance, risk management, internal control, and compliance under Integrated Governance, Risk Management & Internal Control and Compliance (GRC).
  • Transformation for Opportunity:
    • Seize new business opportunities aligned with sustainability trends to create continuous growth amid challenges.
  • Transition & Risk Management:
    • Mitigate sustainability risks while strengthening adaptation capabilities in response to changing external factors, guided by prudent practices in accordance with international standards.