Climate change is already having a visible impact on the environment and communities around the world. The past decade was the hottest ever recorded, bringing heatwaves and droughts. In addition to rising temperatures, climate change has led to more severe and frequent extreme weather events such as floods and intense typhoons. Sea level rise threatens to displace populations in low-lying areas and floods downtown areas of coastal cities.
The deep interconnectedness of the global economy also makes us vulnerable to transition risks that may disrupt supply chains.
As one of the top global logistics companies, Kerry Logistics Network Limited (“KLN”) is in a unique position to champion responsible business practices and environmental stewardship. We recognise climate change is the most pressing issue confronting humanity and we must all play a part in reducing temperature rise. It is critical to ensure long-term value for our stakeholders by prioritising sustainability. Therefore, KLN has committed to achieving net-zero from operations and value chain by 2050. This Carbon Offset Policy represents a key step in our pathway towards that net-zero goal.
About the Policy
This Carbon Offset Policy (the “Policy”) governs KLN’s approach to carbon offsetting and the procurement of verified carbon credits. It represents part of our broader, holistic strategy to reduce the impact of our operations on the climate. At present, the Policy focuses on carbon credits generated from project-based activities, from which the vast majority of carbon credits are sourced.
The Policy was developed and last updated in December 2021. KLN will review the Policy periodically to ensure that it remains up to date and aligns with international standards and industry best practices.
The Policy adheres to the following carbon management hierarchy:
Carbon Offset Procurement Criteria
KLN has developed a set of robust criteria to guide us in identifying and procuring high-quality carbon credits to offset the remaining emissions in our value chain. We apply the following criteria and standards when selecting projects to invest in:
The criteria are informed by international standards set by accredited registries.
As a global logistics company, KLN prioritises carbon offset projects that contribute to both environmental and community benefits, particularly for low-income or vulnerable communities. These projects should ideally quantify the positive social impact that they have on communities.
KLN commits to reporting our carbon offsetting activities transparently through our sustainability report. To request information on our carbon offsets, please contact us at firstname.lastname@example.org.