Transport and Logistics Bureau 運輸及物流局 (TLB)

·    Roadmap for ESG Development for Logistics Industry Announced to Enhance Competitiveness

·    物流業ESG發展路線圖

The Transport and Logistics Bureau (TLB) announced the Roadmap for ESG (environmental, social and governance) Development for Logistics Industry today (June 18) for local small and medium-sized enterprises (SMEs) in the logistics industry to follow for achieving compliance with international ESG requirements, with an aim to enhance the competitiveness of Hong Kong's logistics industry and hence Hong Kong's position as an international logistics hub.

Green and sustainable development is one of the directions that the Government has specified for the way forward for the logistics industry in the Action Plan on Modern Logistics Development announced in October 2023. To promote the development of green and sustainable logistics, the Government has committed in the Action Plan to formulating a clear ESG roadmap for the industry to assist logistics enterprises in meeting international ESG requirements progressively. Upon conducting a consultancy study, the TLB has worked out the Roadmap by taking into account international ESG standards and current market developments while working in consultation with the Hong Kong Logistics Development Council(LOGSCOUNCIL) and various organisations and players in the industry.

The Roadmap covers a three-year period from 2025 to 2027 and adopts a three-stage approach for logistics SMEs to build up their capabilities to collect and report ESG data, thereby meeting the most stringent prevailing international ESG disclosure requirements by the time the Roadmap expires. The first stage involves raising logistics SMEs' awareness of ESG principles and international ESG requirements, the second stage involves equipping logistics SMEs with the capability to collect and record logistics ESG data, while the third stage aims to prepare logistics SMEs for ESG reporting, which is foreseen to be a possible international requirement in the next phase of ESG development.

Members please find below links for more information.

(ESG resource centre): http://www.logisticshk.gov.hk/en/ESG/index.html

(English): Roadmap for ESG Development for Logistics Industry

(Chinese): 物流業ESG發展路線圖

The TLB Secretariat appeals for your support in disseminating the above information to other stakeholders in the logistics industry.

Should you have any questions, please feel free to contact Ms Julie LAU, Manager (Logistics)2, at 3509 8135.