Kerry Logistics Network Wins Award for Best Sustainability-Linked Loan - Logistics At The Asset Triple A Sustainable Finance Awards 2025
HONG KONG, March 20, 2025 /PRNewswire/ -- Kerry Logistics Network Limited ('KLN'; Stock Code 0636.HK) is honoured to receive the Best Sustainability-Linked Loan – Logistics accolade at The Asset Triple A Sustainable Finance Awards 2025 (the 'Awards'), recognised for the five-year HK$1 billion syndicated Sustainability-linked & Social Term Loan Facility ('Facility') it signed in 2024 with a syndicate solely led by MUFG Bank Ltd.
A first-of-its-kind ESG-linked syndicated loan structure in the Asia Pacific, the oversubscribed transaction validated KLN's leading position in the logistics sector and commitment to Environment, Social and Governance ('ESG'). KLN is to invest in social initiatives across Hong Kong and the Mainland of China, in addition to social projects providing access to employment, essential services and affordable basic infrastructure, under the terms of the Facility. The Awards' recognition is a testament to the pioneering nature of the Facility, as well as KLN's diligence as a socially responsible corporate citizen.
Ellis Cheng, Executive Director, Chief Financial Officer and Chairman of the Sustainability Committee of KLN, said, "We are delighted to win this accolade, which is an acknowledgement of both KLN's commitment to sustainability and the bespoke ESG structure of the Facility. Sustainability has always been central to KLN's corporate strategy and long-term development, given the significant and lasting benefits sustainable operation can create for the environment, people and society. With a network spanning six continents, we take pride in generating positive impacts in the communities in which we operate. Going forward, we will continue to deliver scalable sustainable logistics solutions and set new standards of sustainability within the third-party logistics sector in Asia Pacific."
Inaugurated in 2024 by financial media platform The Asset by integrating The Asset Triple A Country Awards for Sustainable Finance and The Asset Triple A Sustainable Capital Markets Awards, The Asset Triple A Sustainable Finance Awards aim to highlight the trailblazing corporations and institutions, the best deals, and the individuals who are making a difference.
About Kerry Logistics Network Limited (Stock Code 0636.HK)
KLN is an Asia-based, global 3PL with a highly diversified business portfolio and extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal) and e-commerce to industrial project logistics and infrastructure investment.
With a global presence across 59 countries and territories, KLN 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.
KLN generated a revenue of over HK$47.4 billion in 2023. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.
About The Asset Triple A Sustainable Finance Awards
To underline the changing market environment amid the growth trajectory in sustainable finance, The Asset has integrated The Asset Triple A Country Awards for Sustainable Finance and The Asset Triple A Sustainable Capital Markets Awards to launch The Asset Triple A Awards for Sustainable Finance: Country - Market - Region. This awards programme highlights how collectively the domestic and regional banks, as well as the international banks with presence in Asia, are performing and supporting sustainable finance.
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SOURCE Kerry Logistics Network Limited