DJ EQS-News: CN Logistics (2130.HK) Partners with Redress to Promote Energy Conservation and Waste Reduction in Hong Kong and Macau
EQS-News / 03/05/2021 / 11:45 UTC+8 CN Logistics International Holdings Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 2130)Green Logistics Wins Support from High-End Fashion Brands CN Logistics Partners with Redress to Promote Energy Conservation and Waste Reduction in Hong Kong and Macau
[Hong Kong - 3 May 2021] A well-established international logistics solutions provider, CN Logistics International Holdings Limited (the "Company", together with its subsidiaries, the "Group", stock code: 2130), is pleased to announce that the Group has been entrusted by many international high-end fashion brand customers to provide its green logistics solutions, which covers consultation on green logistics and carbon footprint reduction, as well as recycling clothes, reusable and recyclable materials and etc. The Group believes that this round of new cooperation not only showcases that our green logistics solutions can address brand customers' concern on sustainable development, but also further enhance customer stickiness. We believe our green logistics services will attract more new clients and business opportunities with our common goal to promote environmental protection.
CN Logistics has been committed to promote the reduction of carbon footprint and has joined hands with the Business Environment Council to seek reducing carbon emissions in the fashion industry. In March 2021, the Group has announced to commence pilot projects in Hong Kong and China to build a new set of green logistics services for international brand customers, including energy-saving, recycling and new energy vehicle distribution, in order to meet customers' demand on energy conservation and waste reduction in the supply chain. Since the launch of green logistics services in 2018, the Group has accumulatively obtained 15 fashion brand customers onboard and processed 725 tons of materials. After launching the new set of green logistics services, CN Logistics targets to provide services for an addition of 15 brands in 2021, with an estimation of 70 tons waste reduction every month and a target goal of 7,400 total carbon emissions reduction before the year end of 2021. Since the rollout of new services, CN Logistics has acquired 10 new clients, accounting for 66% of target number, proving how much are these solutions welcomed by brand owners.
Key Indicators of Green Logistics Services
2018 2020 2021 (Target) Number of clients 5 15 30 Amount of recyclable materials processed (tons) 38 420 840 Amount of carbon footprint reduction (tons) 0 3,700 7,400
At the same time, CN Logistics also partners with Redress, a Hong Kong non-profit organisation, to provide integrated logistics services for its fashion product recycling program in Hong Kong and Macau. Redress is the first non-profit organisation in Asia that focuses on promoting waste reduction in the fashion industry. It has 34 recycling points (Details of Redress's collection points: https://www.redress.com.hk/takeback) in Hong Kong and Macau. The organisation resells donated second-hand fashion products according to their maintenance level to raise funds for Redress' work, donates second-hand clothing to local charities supporting people in need, and also works with recycling providers in order to alleviate the waste problem in the fashion industry. CN Logistics will provide logistics-related support to Redress, ranging from warehousing and delivery services, to sorting recycled clothing. The total solutions will improve Redress's overall capacity in sorting and redistribution of used clothing, thereby contributing to Hong Kong's energy conservation and waste reduction.
Mr. Ngan Tim Wing, Executive Director and Chief Executive Officer of CN Logistics, commented: "With the continuous rise of public awareness on environmental protection in recent years, fashion brands have increasingly valued corporate social responsibility and pursued the sustainable development of all processes within the supply chain. Since the launch of our green logistics solution in March 2021, the relationship between CN Logistics and brand customers has tightened, reflecting how well our services match their needs for environmental protection and energy saving. This has again reinforced the Group's position as the pioneer in tailor-made logistics solutions We truly understand the difficulties our brand customers may encounter, and hence, we plan ahead to solve their problems flexibly and instantly. While green logistics services are currently only available in Hong Kong and China, we have been receiving more customers' requests for green logistics cooperation in other overseas regions. In the future, we will actively promote the development of this area, and strive to become a total solution provider integrating commercial logistics and environmental solutions."
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About CN Logistics International Holdings Limited
Established in 1991, CN Logistics is a well-established international logistics solutions provider with core business of providing air freight forwarding services and distribution and logistics services in relation to fashion products and fine wine, primarily focusing on high-end fashion (including luxury and affordable luxury) products. According to the CIC Report, the Company ranked first in the distribution and logistics market for high-end fashion products in both the PRC and Hong Kong in 2019.
This press release is issued by DLK Advisory Limited on behalf of CN Logistics International Holdings Limited.
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03/05/2021 Dissemination of a Financial Press Release, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com
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(END) Dow Jones Newswires
May 02, 2021 23:45 ET (03:45 GMT)
