ThaiBev conducted desktop-based physical risk assessment of prominent natural at for 58 of Thai Beverage assets located across Thailand, Vietnam, United Kingdom, Myanmar, France, New Zealand, and the two new assets planned in Cambodia, in order to assess the threat from different natural hazards, extreme events and climate change to the production sites based on the intensity and frequency of historical evens/hazards and corresponding projected risk rating under SSP1-2.6/RCD 2.6, SSP2 4.5/RCP 4.5, and SSP5 8.5/ RCP 8.5 scenario for the years 2020, 2030 and 2050.

The assessment considered the longer-term corresponding to the Paris Agreement goal to limit warming to well below 2°C by the end of the century. The assessment was also conducted under RCP 4.5 and RCP 8.5 scenarios for medium term (2030).

The assessment covers six natural hazards, Extreme Rainfall, Heat Stress, Sea Level Rise, Water Scarcity, Wildfire and Wind Storm which may be experienced at the locations.

Natural hazard and climate change risk were evaluated for every location based on readily available global data sets. Various steps in the assessment are as follows:

• Evaluation of Historical Data on natural hazard in the area of interest to qualitatively evaluate existence and magnitude of the identified natural hazards.
• Evaluation of climate change projections to assess the extent of changes n climatic variables such as temperature, sea level rise, and extreme precipitation.
• Qualitative overlaying of climate change projection over baseline conditions for each natural hazard to estimate future natural hazard.