On May 13, 2025, S&P Global, an
ESG rating company (referred to as “S&P Global”), hosted the “ESG Investing and a
Sustainable Future—S&P Global Sustainable1 Forum
and the Launch Ceremony of the Sustainability Yearbook (China Edition) 2025” in Shenzhen. COSCO SHIPPING Development stood out among over
1,600 Chinese companies assessed and successfully secured its place for the
third consecutive year in S&P Global's Sustainability Yearbook (China
Edition) 2025. It also once again received the "Industry Mover"
designation. As a company that has been listed for three consecutive years,
this achievement fully demonstrates COSCO SHIPPING Development's strong
performance and commitment in the field of sustainable development. The Sustainability Yearbook (China
Edition) utilizes a unique evaluation model from S&P Global, which is
regarded by the international capital market as a key barometer of long-term
value. In 2025, the scope of the yearbook's assessment covers 1,662 Chinese
companies across 60 industries. The S&P Global CSA team conducts a
rigorous screening of participating companies based on over 400 criteria. The
elimination rate for the 2025 list reached 90.1%, with only 164 leading
companies from various industries ultimately receiving this honor. In recent years, COSCO SHIPPING
Development has integrated itself into the broader development landscape and
aligned with the times. By innovating to break through barriers and striving
for excellence, the company has continuously deepened its ESG philosophy, refined ESG governance, and
quantified ESG performance. It has steadily advanced the improvement of its
ESG governance system and solidly promoted the enhancement of ESG information
disclosure quality. As a result, the company has garnered dozens of domestic and
international ESG honors and recognitions. Looking ahead, COSCO SHIPPING
Development will continue to focus on its core responsibilities and main
business, actively respond to new trends and requirements in the development
of the industrial chain, adopt green and low-carbon development as its foundation,
and use technological innovation as its driving force. The company will
further enhance its core functions and improve its core competitiveness. As a
proactive participant and contributor to the ESG ecosystem, COSCO SHIPPING
Development will join hands with partners from upstream and downstream in the
industrial chain to jointly build and pursue a bright future of sustainable
development.

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