HONG KONG SAR - Media OutReach - 16 June 2023 - Kerry Logistics Network Limited ('Kerry Logistics Network', 'KLN'; Stock Code 0636.HK) was recognised for its commitment and execution on Environmental, Social and Corporate Governance ('ESG'), winning the "Elite of Sustainability Performance Award" and the "Excellence in Decarbonisation Award" by the Ming Pao ESG Award (the 'Award').

Ellis Cheng, Executive Director and Chairman of the Sustainability Committee of Kerry Logistics Network, said, "At KLN, we have been strengthening our sustainability commitments and putting them at the heart of our strategic goals. These accolades are encouraging as they recognise our journey towards sustainability and validate our ongoing ESG efforts. As a global 3PL, we never shirk from our responsibility to establish a sustainable supply chain, playing our part in combatting the climate crisis as we continue to monitor our environmental footprint, and identify areas for improvement. Embracing commitment, action and transparency as our key principles, we will continue to contribute to the UN Sustainable Development Goals and adhere to the UN Global Compact principles, in order to put sustainable logistics into action."

KLN has been constantly improving its performance in sustainable logistics, with the aim of driving responsible business growth and creating long-term value for its stakeholders. It takes a leadership role in overseeing a robust sustainability governance structure, and has released a Sustainable Procurement Policy Statement to ensure its supply chain is adopting sustainable offerings from end-to-end. In working towards its pledge of net zero emission in 2050, KLN has recently accelerated its efforts to reduce carbon emissions, through practices such as the use of the 5.5-tonne electric truck and the pilot run of natural carbon dioxide and ammonia refrigerator, both pilot cases from a logistics operator in Hong Kong.

Jointly organised by Hong Kong newspaper Ming Pao and the Institute of ESG and Benchmark, the Ming Pao ESG Award aims to commend Hong Kong listed companies with outstanding ESG performance and positive contribution. A panel of judges from various sectors, the government and academia assesses the companies' sustainability strategies, its implementation and the disclosure of its progress, in choosing individual award winners.

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About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and the strongest coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal), e-commerce and express to industrial project logistics and infrastructure investment.

With a global presence across 59 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world's emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$86.6 billion in 2022. It is listed on the Hong Kong Stock Exchange as well as a constituent of the Hang Seng Corporate Sustainability Benchmark Index.

About the Ming Pao ESG Award

The Ming Pao ESG Award 2023 is jointly organised by Ming Pao and the Institute of ESG and Benchmark with the aim to promote exchange and collaboration between corporations in the area of ESG, and to recognise and encourage Hong Kong listed companies for their outstanding ESG performance and positive impact.