On July 16, 2024, Standard & Poor's Global (“S&P Global”), a leading ratings company, publicly released its Sustainability Yearbook (China Edition) 2024, a report on the sustainability of China's economy.

Following the honor of being selected in the first “Sustainability Yearbook (China Edition) 2023” in the previous year, COSCO SHIPPING Development Co., Ltd. (hereinafter referred to as “COSCO SHIPPING Development”, 601866.SH/2866.HK) has once again stood out from more than 1,700 Chinese companies assessed and has been successfully selected in the “Sustainability Yearbook (China Edition) 2024” of S&P Global for the second time.

S&P Global has been publishing the global edition of the Sustainability Yearbook for many years, and has always been committed to including and recognizing companies with outstanding sustainability performance globally. 2024 is the second year that S&P Global publishes the Sustainability Yearbook (China Edition).The S&P Global CSA team rigorously screened more than 1,700 Chinese companies across 60 industries evaluated in the 2023 CSA based on established methodologies, and 129 companies were finally selected for inclusion in the yearbook.

In recent years, COSCO SHIPPING Development has been firmly committed to the development direction of green, low-carbon, intelligent and technological development, continuously deepening the practice of ESG concepts, perfecting ESG governance, improving ESG performance, steadily promoting the soundness and perfection of the ESG system, and steadily improving the quality of ESG information disclosure.The Company has won a number of domestic and international ESG honors and recognitions thanks to its continuous deep cultivation and lean results.

In the future, COSCO SHIPPING Development will continue to anchor on the goal of high-quality development, focus on its main responsibilities and businesses, strengthen the digital empowerment of science and innovation, build up the momentum of green development, and help to improve the company's core competitiveness and unleash the advantages of industry-financing synergy through effective ESG governance, as well as continue to join hands with upstream and downstream industrial chain partners to contribute to the construction of an ESG ecosystem that is in line with international standards and has Chinese characteristics.