HONG KONG SAR – Media OutReach Newswire – December 15, 2023 – Kerry Logistics Network Limited (“Kerry Logistics Network”, “KLN”; stock code 0636.HK) was a double winner of the Hong Kong Corporate Governance and ESG Excellence Awards (the “Awards ‘) 2023, winning both the Corporate Governance Excellence Award and the ESG Excellence Award in the constituent companies subgroup of the Hang Seng Composite Index. The awards recognized KLN’s innovations and improvements in corporate governance and environmental, social and governance (ESG), its commitment to pursuing the highest principles, as well as its positive impact in these areas.
The Corporate Governance Excellence Award recognized KLN’s achievements in eight areas, including maintaining a corporate culture and leadership that facilitated sound corporate governance, upholding the rights of shareholders, good stakeholder relations, a best-in-class board of directors with strong composition and structure. , transparent and timely financial reporting, effective controls and risk management, and clearly defined roles and responsibilities for management. KLN was particularly commended for its commitment and achievements in transparency and accountability.
The ESG Excellence Award was given for KLN’s established governance framework, commitment to environmental responsibility, community investment and philanthropy, and its workforce policies and strategies. its work, its supply chain, its business partnerships, the communities where it operates and its consumers. KLN’s two-way communications with stakeholders and positive work environment that adheres to diversity, inclusion and equity have also garnered praise.
Ellis Cheng, Executive Director and Chairman of the Sustainability Committee of Kerry Logistics Network, said: “We are grateful to receive these two awards, as they highlight our commitment to upholding the highest standards of corporate governance and to integrate sustainable practices into our business operations. At Kerry Logistics Network, we place great importance on transparency, accountability and strong ESG initiatives. These recognitions will further motivate us to foster a culture of integrity and sustainability, positively impacting not only our business but also the broader communities we serve.
The awards are organized by the Hong Kong Chamber of Listed Companies and the Center for Corporate Governance and Financial Policy at Hong Kong Baptist University. Winners are selected by a panel of experts and a selection jury during a two-part process, which first involves assessing performance and improvements in corporate governance and ESG practices, followed by a verbal presentation for the pre-selected companies. Kerry Logistics Network has previously won the awards in 2015 and 2018.
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