New breakthrough! SF Express MSCI ESG rating jumps to AA, continuing to lead global peers

Recently, MSCI (MSCI) has released its latest ESG rating results. SF Holding (002352.SZ), thanks to its outstanding performance in sustainability, saw its rating rise again from “A” to “AA” within just half a year, becoming a leading benchmark for ESG practices in the global air cargo and logistics industry. Among the four major global integrated logistics service providers, it ranks first, reflecting the high level of international capital market recognition of SF Holding’s excellence in environmental management, social responsibility, and corporate governance.

The MSCI Index is one of the most widely used benchmarks adopted by global portfolio managers, and its ESG rating results serve as an important reference for international investment institutions to build investment portfolios and make investment decisions. Since SF Holding began participating in the ratings, its rating performance has continued to achieve new breakthroughs. According to the latest rating results, SF Holding has performed exceptionally well in key areas such as environmental management, occupational health and safety, and corporate governance. Its score is significantly higher than the global peers’ average level, demonstrating the company’s comprehensive sustainable development management practices and outcomes.

In the environmentally friendly area (E), SF Holding continues to deepen its climate-related practices. It has systematically formulated science-based carbon reduction targets and implementation pathways. In April 2025, it officially passed the target review under the Science Based Targets initiative (SBTi) “Science Based Targets” initiative, aiming to achieve net-zero emissions across the entire value chain by 2050. With the AI-and-data-driven carbon management platform, the “Fenghe Sustainable Development Management Platform,” as its foundation, the company systematically advances emission-reduction initiatives such as green transportation, green logistics parks, green packaging, and green technology. At the same time, relying on a standardized carbon management system and refined carbon accounting capabilities, it has already provided customized green and low-carbon supply chain solutions to more than 300 leading customers across various industries, empowering supply chain partners in their low-carbon transition.

In the area of social responsibility (S), SF Holding continues to safeguard employees’ lawful rights and interests, promotes diversified talent development, and continuously enhances employees’ sense of well-being. Meanwhile, it continues to invest resources in key areas such as rural revitalization, emergency logistics, education and public welfare, and medical assistance, responding to society with practical actions and demonstrating a strong sense of corporate responsibility. In 2025, the company empowered nearly 10,000 couriers to achieve career transitions, growing into professional talent and management backbones. Leveraging its leading logistics network, advanced packaging technology, and efficient delivery capabilities, SF Holding actively supports the upward distribution of agricultural products and the “going down to rural areas” of industrial goods. Currently, SF Holding’s agricultural products service network covers more than 2,800 county-level cities across the country, providing services for more than 5,500 fresh food varieties. This has strongly promoted local agricultural transformation and upgrading, and helped increase incomes and lift households out of poverty.

In corporate governance (G), SF Holding has built a standardized and sound corporate governance framework, a comprehensive risk control mechanism, strict business ethics standards, and a robust information security保障 system. The company has been selected by the China Association of Listed Companies for “Best Practices Case for Listed Companies’ Sustainable Development” for 4 consecutive years, and has also received an A rating for information disclosure of listed companies by the Shenzhen Stock Exchange for 9 consecutive years. In addition, the company has obtained certifications for the ISO 37301 compliance management system, the ISO 27001 information security management system, and the ISO 27701 privacy information management system. In terms of compliance management and information security, it has received recognition from international standards.

This rating upgrade to AA marks an important milestone for the company in advancing sustainable development and fulfilling corporate social responsibility. Looking ahead, SF Holding will use this as a new starting point, uphold the core philosophy of sustainable and healthy development, integrate ESG into every link of the value chain in an all-around manner, focus on building a business model with long-term resilience, and strive to become a global leader and benchmark in sustainable development for the logistics industry.