Kerry Logistics secures accolades in Corporate Governance and ESG

Singapore freight forwarders – Star Concord
21-Dec-2023

Kerry Logistics Network Limited was a double winner at the Hong Kong Corporate Governance and ESG Excellence Awards 2023, winning both the Award of Excellence in Corporate Governance and the Award of Excellence in ESG in the sub-group of Hang Seng Composite Index Constituent Companies. The Awards recognised 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 Award of Excellence in Corporate Governance acknowledged KLN’s accomplishments in eight aspects, including maintaining a corporate culture and leadership that facilitated sound corporate governance, advocacy of shareholder rights, good relationships with stakeholders, a first-rate board of directors with a robust composition and structure, transparent and timely financial reporting, effective controls and risk management, and clearly defined roles and responsibilities for the management. KLN was particularly commended for its commitment and achievements in transparency and accountability.

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The Award of Excellence in ESG was conferred for KLN’s established governance framework, its dedication to environmental responsibility, community investment and philanthropy, as well as policies and strategies regarding its workforce, supply chain, business partnerships, the communities where it operates, and consumers. KLN’s bilateral communications with stakeholders and positive workplace environment that adheres to diversity, inclusivity and fairness also garnered praise.

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Ellis Cheng, Executive Director and Chairman of the Sustainability Committee of Kerry Logistics Network, said, “We are grateful to receive the two awards, as they underscore our commitment to upholding the highest standards of corporate governance and integrating sustainable practices into our business operations. At Kerry Logistics Network, we set great store by transparency, accountability and robust ESG initiatives. The 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 organised by the Chamber of Hong Kong Listed Companies and Hong Kong Baptist University’s Centre for Corporate Governance and Financial Policy. The awardees are selected by an expert review group and an award judging panel in a two-part process, that first involves the assessment of performance and improvements in corporate governance and ESG practices, followed by a verbal presentation for shortlisted companies. Kerry Logistics Network previously won the Awards in 2015 and 2018.

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Author: Edward Hardy