Noble was honored with the Commended Sustainability Award at the SET Awards and was recognized as a Sustainable Stock under the SET ESG Ratings 2024 achieving the highest rating of ‘AAA’ and has maintained this sustainable stock status for three consecutive years.
Message from the Chairman and Co-Chief Executive Officer

Noble Development Public Company Limited is committed to conducting business in accordance with the development guidelines based on good corporate governance, stakeholder engagement and risk management inside and outside of the organization,

covering economic, social, and environmental dimensions

to support sustainable business growth in line with the Company’s vision and mission.

In 2024, the Company continued to advance its sustainability initiatives, establishing goal and target, strategies, action plans, and performance evaluations across all dimensions of the organization. These efforts are aligned with the United Nations Sustainable Development Goals (SDGs) and emphasize the active participation of the Board of Directors, executives, and employees in fostering best practices that promote sustainable organizational growth while minimizing negative impacts on communities, society, and the environment. The Company revised its Human Rights Policy to ensure it encompasses all stakeholder groups and continued to promote innovation in residential development, placing emphasis on design standards and environmental impact considerations. Appropriate technologies were applied to enhance economic value.

Asia Pacific Property Awards 2023-2024

As a result in 2024, the Nue Riverest Ratburana project received the

Asia Pacific Property Awards 2023-2024

for Residential High-Rise Architecture, recognizing its focus on sustainable living through energy-efficient design, green spaces that help mitigate urban heat, use of eco-friendly materials, and effective energy management systems.

The Company has set a target to reduce greenhouse gas (GHG) emissions by
kgCO2e by 2026 in pursuit of achieving Net Zero emissions
In 2024, the Company implemented ongoing non-hazardous waste management and recycling initiatives as part of its climate action efforts. These efforts resulted in a GHG emission reduction of
kgCO2e
Bringing the cumulative reduction to
kgCO2e
The Company also launched initiatives to preserve biodiversity, such as the Noble Green for All 2024 reforestation project. This program engaged employees in planting
trees across 10 rai of land in Nan Province

Helping to increase habitats for various plant and animal species and contributing to climate change mitigation and global warming reduction.

In addition to operating with a strong focus on economic, corporate governance and environmental responsibility, the Company is dedicated to maximizing positive social and community outcomes while preventing potential negative impacts on environmental quality and public safety. Community development was supported through various projects, such as Noble Give for All, which engaged employees and business partners in cultivating community gardens to strengthen local food security and environmental stewardship. The Company provided a platform for students to showcase their potential and creativity through the Thesis Exhibition, an art exhibition now held for the second consecutive year at noble PLAY. Moreover, the Company supported small-scale entrepreneurs by providing rent-free pop-up cafe spaces to specialty coffee shops across Thailand. This initiative aimed to expand business opportunities, strengthen the development of the country’s coffee industry, and contribute to meaningful and lasting positive impacts on communities and society.

Noble Development Noble Development

The Company also places great importance on employees, who are considered key stakeholders in driving organizational progress. Preparations were made to address future challenges through organizational restructuring, talent development, application of technology to enhance efficiency, and the creation of a work environment that encourages innovation while prioritizing health and safety.

Throughout the years, the Company has remained steadfast in its commitment to sustainability under the Live Different concept. It is a great honor that the Company’s dedication to sustainability driven by the collaboration of the Board of Directors, management, employees, and all stakeholder groups has helped steer the organization toward sustainable growth. As a result of these efforts, the Company was honored this year to receive the Sustainability Awards in the Commended Sustainability Awards category at the SET Awards 2024, organized by the Stock Exchange of Thailand and Money & Banking Magazine. This recognition not only affirms the Company’s success but also reflects its steady and correct direction in advancing sustainable practices. Additionally, the Company was selected as a constituent of the “Sustainable Stocks” or SET ESG Ratings for 2024, achieving the highest “AAA” rating in the Property and Construction sector by the Stock Exchange of Thailand (SET). The Company has also been included in the Sustainable Stocks (SET ESG Ratings) list for three consecutive years (2022-2024).

Finally, Noble Development Public Company Limited would like to thank shareholders, customers, financial institutions, business partners and all stakeholders for always supporting the Company’s operations. The Company will strive to develop its business continuously under sustainable development guidelines that consider economic and governance, social, and environmental issues, which will lead to sustainable value chain management and development. This includes strict capital management, transparency according to corporate governance principles, and corporate responsibilities toward society, communities, and the environment to lead to sustainable business growth.

Ms. Punnee Chaiyakul

Chairwoman of Board of Director

Mr. Thongchai Busrapan

Co-Chief Executive Officer