As an enterprise with social responsibilities, starting from the goals of environmental protection and resource conservation, SF integrates technologies into its operation and actively provides supply chain services with sustainable development. Meanwhile, SF also extends the green value throughout industry chain, works with upstream and downstream partners and customers to accelerate low carbon transformation and green development for a zero carbon future.
2030
Our Commitment
2025 Key Performance
Green Transportation
Cumulative deployment of48,000+ NEVsGreen Industrial Park
Annual renewable energy generation 100,000+megawatt-hours (MWh)Green Packaging
Cumulative deployment of20.55million reusable packaging containers, with over1.6billion reuses annuallyEnvironmental Management System
The business coverage of obtaining ISO 14001 Environmental Management System Certification100%To reduce the environmental impact of transportation and improve energy efficiency, SF continues to advance the green and low-carbon transformation of its transport operations.
In 2025, SF reduced greenhouse gas emissions by 515,686 tCO₂e through the promotion of green transportation.
Green Ground Transpor
SF steadily expands its green vehicle fleet through various means, including self-purchase and leasing, to gradually replace traditional fuel-powered vehicles and drive the green transition of its transport capacity. In 2025, the Company added over 8,000 NEVs to its operations. These are deployed primarily in diverse scenarios such as short-distance branch lines, connections, and last-mile pickup and delivery within cities, as well as on primary and secondary trunk lines across provinces. As of the end of the reporting period, SF had cumulatively deployed over 48,000 NEVs, with services covering 307 cities.
Green Aviation
SF Airlines has continuously improved its energy management system and obtained dual certification under the ISO 50001 standard and the RB/T 104-2013 guideline for transportation enterprises, establishing a robust and efficient energy management framework. To ensure the authenticity, accuracy, and reliability of carbon emission data in air transport while meeting regulatory monitoring requirements, SF Airlines has established a routine third-party verification mechanism, engaging independent verification bodies annually to conduct rigorous assessments of its greenhouse gas emissions and issue authoritative verification reports. In 2025, SF Airlines successfully complied with the annual carbon emission verification conducted by the Civil Aviation Administration of China and the Ministry of Ecology and Environment, and proactively carried out energy conservation audits to identify energy-saving opportunities and drive continuous improvement in energy efficiency.
Green Ground Transpor
SF steadily expands its green vehicle fleet through various means, including self-purchase and leasing, to gradually replace traditional fuel-powered vehicles and drive the green transition of its transport capacity. In 2025, the Company added over 8,000 NEVs to its operations. These are deployed primarily in diverse scenarios such as short-distance branch lines, connections, and last-mile pickup and delivery within cities, as well as on primary and secondary trunk lines across provinces. As of the end of the reporting period, SF had cumulatively deployed over 48,000 NEVs, with services covering 307 cities.
Green Aviation
SF Airlines has continuously improved its energy management system and obtained dual certification under the ISO 50001 standard and the RB/T 104-2013 guideline for transportation enterprises, establishing a robust and efficient energy management framework. To ensure the authenticity, accuracy, and reliability of carbon emission data in air transport while meeting regulatory monitoring requirements, SF Airlines has established a routine third-party verification mechanism, engaging independent verification bodies annually to conduct rigorous assessments of its greenhouse gas emissions and issue authoritative verification reports. In 2025, SF Airlines successfully complied with the annual carbon emission verification conducted by the Civil Aviation Administration of China and the Ministry of Ecology and Environment, and proactively carried out energy conservation audits to identify energy-saving opportunities and drive continuous improvement in energy efficiency.
SF continues to deepen the development of green and low-carbon industrial parks. Guided by green infrastructure development and innovation in carbon-reduction technologies, it integrates sustainability principles throughout the entire project lifecycle – from planning and design to engineering construction and smart operations. Through initiatives such as installing rooftop photovoltaics, deploying smart water and electricity management systems, and optimizing warehouse space layouts, it has significantly improved operational efficiency and energy conservation, achieving a synergy of economic and ecological benefits.
In 2025, SF's industrial parks in Shuangliu, Chengdu (Sichuan); Jinjiang, Quanzhou (Fujian); Changzhou (Jiangsu); and Tianjin were certified as “First-Level Green Warehouses” by the China Storage and Distribution Association (CSDA), further expanding its portfolio of green facilities. By the end of the reporting period, the Company had cumulatively operated 10 industrial parks with “First-Level Green Warehouse” certification. Its industrial park in Guizhou Province was recognized as a “Green Logistics Park in Guizhou Province”. Furthermore, the Shunxinhui Hubei and Shunxinhui Tianjin Logistics Centers have both obtained carbon-neutral certification.
Green Industrial Parks
In order to promote the green operation of the industrial park, SF deeply integrates institutional norms with digital technology, gives full play to the synergistic effect, and comprehensively improves the industrial park from key dimensions such as operational efficiency improvement, smart energy consumption management and control, rainwater recycling, and energy-saving equipment installation. Park environmental management capabilities.
The Company has formulated the Energy Consumption Management System of Industrial Park, which relies on the intelligent hydropower system to achieve standardized management of public energy consumption and effectively improve the efficiency of resource use in the park. In order to improve the operation and management efficiency of the park, the Company has built a property system, integrating core modules such as environmental greening, security and fire management, and maintenance and testing of facilities and equipment, which has been fully applied to all operating parks to ensure the efficient and safe operation of the parks.
Renewable Energy
SF continues to promote the construction of photovoltaic projects in industrial parks. It has formulated and implemented the Management and Implementation System for Photovoltaic Projects in Industrial Parks, established a full-life-cycle management specification covering site selection, construction, and operation, strictly controlled supplier qualifications, investment and construction standards, equipment and material quality, and operation and maintenance requirements, and accelerated the increase in the proportion of renewable energy use. As of the end of 2025, the Company had 44 PV projects in operation or under construction in its industrial parks, with a total installed capacity of 179 megawatts (MW). Among these, 26projects are already operational, generating over 100,000 megawatt-hours (MWh) of clean energy annually, which further supports the transformation and upgrading of the Company's energy mix.
SF continues to deepen the field of green packaging, focusing on the cutting-edge packaging technology, and continuously increasing investment in research and development of sustainable packaging materials. By optimizing the performance of packaging materials, breaking through technical bottlenecks and expanding scenario applications, the Company strives to build a full-link solution of packaging reduction, recycling, harmlessness and standardization, and set a benchmark in the green packaging industry.
Reduced Packaging
SF focuses on upstream strategies of packaging reduction and standardization, promoting packaging technology innovation and material conservation through both management implementation and technological empowerment. Centering around the “Fengjing Plan”, the Company has conducted innovative R&D to reduce, standardize, and optimize materials such as plastic film, tape, paper, and seals for different scenarios. Through lightweight design and material structure optimization, the Company has effectively reduced the consumption of plastics and virgin paper. In 2025, through a series of packaging source reduction measures, SF reduced virgin paper use by approximately 46,000 tons and plastic use by about 35,000 tons, achieving a total carbon emission reduction of approximately 130,000 tons.
Reusable Packaging
Focusing on diverse customer needs and industry-specific characteristics, the Company has developed and deployed a range of specialized reusable packaging containers. These include reusable woven bags, pharmaceutical temperature-controlled boxes, Feng E reusable boxes, and reusable pallet boxes. In 2025, the Company deployed a total of 20.55 million reusable packaging containers, including 12.24 million newly added units. It iteratively optimized over 15 product categories, and the annual cumulative reuse count exceeded 1.6 billion times, contributing to an estimated carbon emission reduction of approximately 520,000 tons.
Recycled Packaging
SF has been continuously advancing recycled plastic packaging technology. By promoting “Double-Easy” (Easy to Recycle and Recover) plastic bags, it is driving the transformation of plastic packaging from “single-use” to a “closed loop of recycling and recovery.” The “Double-Easy” plastic bags use a single plastic material to enhance the back end recycling value and are blended with 30% post consumption recycled plastic (PCR) in the raw materials. On the premise of meeting national standard mechanical properties, we achieve plastic reduction and carbon emission reduction. It is estimated that a single “Double-Easy” plastic bag can reduce the use of virgin plastic by 30% and reduce carbon emissions by about 10 grams per use, taking into account both performance and environmental benefits.
Biodegradable Packaging
The Company is actively advancing the research and development of biodegradable packaging materials. Through collaborations with external research institutes and universities, pilot projects have been conducted across multiple scenarios to verify the practicality and feasibility of various biodegradable materials. By the end of 2025, the Company had distributed hundreds of millions of fully biodegradable “Feng Bags”, establishing a benchmark for the large-scale application of biodegradable green packaging.
SF adheres to the concept of green development, centered on environmental friendliness and resource conservation as the core. It deeply integrates the low-carbon concept into all aspects of its operation, continuously strengthens the environmental management system, scientifically allocates resources, strengthens emission control, deepens employees’ awareness of environmental protection, jointly builds a green office ecosystem, and creates a resource saving benchmark enterprise. The Company has established the SF Environmental Management Policy to ensure that environmental protection measures are proactively embedded into daily operations, reducing environmental impact and faithfully upholding its commitment to sustainable development and green operations. During the reporting year, no major environmental incidents occurred, and the Company did not receive any significant administrative penalties for environmental issues.
Energy Management
- • Energy Saving Equipment Renovation：For lighting in public areas, energy consumption is reduced by installing smart motion sensors and upgrading to energy-efficient luminaires. Intelligent power distribution systems have been installed in transfer centers and service outlets. Through real-time electricity data collection and analysis, power wastage during idle periods is identified. Combined with site-specific shift schedules, automated timing controls supported by manual intervention mechanisms are implemented to reduce unnecessary consumption.
- • Energy Monitoring and Management：Establish a complete energy monitoring and management system, install intelligent energy metering instruments in office areas, and track power consumption data in real time. Through data analysis, we can accurately identify energy waste links, formulate targeted improvement measures, and realize the refinement and intelligence of energy management.
- • Office Equipment Energy Conservation：Energy-efficient computers, printers, and other office devices are widely deployed. Equipment quantities are optimized based on actual operational needs to reduce standby power consumption. A strict electricity-use policy requires employees to power off equipment when not in use for extended periods and to unplug chargers after devices are fully charged, avoiding energy waste and the safety risks associated with overcharging.
Water Resource Management
SF has established a water management system, including the Measures for the Management of Water and Electricity in Property Sites and other water use regulations, to standardize water consumption practices. Guided by the water conservation objective of “maximizing water savings and continuously improving water-use efficiency,” it strengthens employee awareness through regular maintenance of water using facilities and multi-faceted promotion of water-saving practices, enabling scientific water control and efficient usage. All operational water is sourced from municipal water supplies. The Company’s business does not involve large-scale water consumption or industrial wastewater discharge, nor does it include operations with high water-pollution risks.
Waste Management
- SF pays attention to waste management during its operations. Based on business development and daily operations, it takes waste reduction at the source and enhancing the waste recycling capacity as the core goals of waste emission reduction. Through measures such as implementing waste classification and promoting resource recycling, it effectively reduces waste emissions. The Company formulates and fully implements a waste classification system, sets clear classification signs in office areas and operational sites, and formulates clear treatment processes for different types of waste to ensure that all kinds of waste are properly and compliantly disposed of. In 2025, the Company repurposed more than 43 million cartons and disposed of approximately 772 tons of used work uniforms.
Noise and Exhaust Emissions Management
In noise prevention and control, the Company prioritizes the use of high-performance acoustic insulation materials in the construction and daily operation of office buildings and implements noise-reduction upgrades for selected equipment. For industrial park siting and management, it comprehensively considers factors such as nearby residential density and topography, and strategically installs physical barriers like sound-absorbing walls to mitigate community noise along transmission paths. Regarding exhaust emissions, the Company strictly enforces a vehicle access policy to ensure all newly purchased vehicles comply with the latest national emission standards. In addition, it maintains a regular annual inspection system and conducts ongoing exhaust emission monitoring for its operating fleet, ensuring continued compliance and effective control of air pollution.
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Energy Management
Energy Saving Equipment Renovation：For lighting in public areas, energy consumption is reduced by installing smart motion sensors and upgrading to energy-efficient luminaires. Intelligent power distribution systems have been installed in transfer centers and service outlets. Through real-time electricity data collection and analysis, power wastage during idle periods is identified. Combined with site-specific shift schedules, automated timing controls supported by manual intervention mechanisms are implemented to reduce unnecessary consumption.Energy Monitoring and Management：Establish a complete energy monitoring and management system, install intelligent energy metering instruments in office areas, and track power consumption data in real time. Through data analysis, we can accurately identify energy waste links, formulate targeted improvement measures, and realize the refinement and intelligence of energy management.Office Equipment Energy Conservation：Energy-efficient computers, printers, and other office devices are widely deployed. Equipment quantities are optimized based on actual operational needs to reduce standby power consumption. A strict electricity-use policy requires employees to power off equipment when not in use for extended periods and to unplug chargers after devices are fully charged, avoiding energy waste and the safety risks associated with overcharging.
Water Resource Management
SF has established a water management system, including the Measures for the Management of Water and Electricity in Property Sites and other water use regulations, to standardize water consumption practices. Guided by the water conservation objective of “maximizing water savings and continuously improving water-use efficiency,” it strengthens employee awareness through regular maintenance of water using facilities and multi-faceted promotion of water-saving practices, enabling scientific water control and efficient usage. All operational water is sourced from municipal water supplies. The Company’s business does not involve large-scale water consumption or industrial wastewater discharge, nor does it include operations with high water-pollution risks.
Waste Management
SF pays attention to waste management during its operations. Based on business development and daily operations, it takes waste reduction at the source and enhancing the waste recycling capacity as the core goals of waste emission reduction. Through measures such as implementing waste classification and promoting resource recycling, it effectively reduces waste emissions. The Company formulates and fully implements a waste classification system, sets clear classification signs in office areas and operational sites, and formulates clear treatment processes for different types of waste to ensure that all kinds of waste are properly and compliantly disposed of. In 2025, the Company repurposed more than 43 million cartons and disposed of approximately 772 tons of used work uniforms.
Noise and Exhaust Emissions Management
In noise prevention and control, the Company prioritizes the use of high-performance acoustic insulation materials in the construction and daily operation of office buildings and implements noise-reduction upgrades for selected equipment. For industrial park siting and management, it comprehensively considers factors such as nearby residential density and topography, and strategically installs physical barriers like sound-absorbing walls to mitigate community noise along transmission paths. Regarding exhaust emissions, the Company strictly enforces a vehicle access policy to ensure all newly purchased vehicles comply with the latest national emission standards. In addition, it maintains a regular annual inspection system and conducts ongoing exhaust emission monitoring for its operating fleet, ensuring continued compliance and effective control of air pollution.
As an active participant in the green and low-carbon transition of the logistics industry, SF continuously monitors and assesses climate-related risks and opportunities. The Company is firmly committed to supporting the national “dual-carbon” strategy and the 1.5°C temperature goal of the Paris Agreement. Refer to the framework of the Task Force on Climate-related Financial Disclosures (TCFD), SF integrates climate-related matters into its corporate governance system, conducts in-depth identification, assessment, and scenario analysis of climate risks and opportunities, continuously enhances climate risk management, strengthens adaptation and mitigation capabilities, and steadily builds and enhances its climate resilience.
Governance
The Board Strategy Committee oversees and manages sustainability matters, including climate change response. It incorporates climate risks and opportunities into the Company’s strategic planning and formulates corresponding management measures. The Committee meets at least annually to discuss climate-related risks and opportunities, progress on emission-reduction targets, pathways for green transition, and other climate-related topics. This ensures that climate governance is aligned with the Company's overall strategy, promotes consistent attention and effective implementation of climate issues in decision-making and resource allocation, and strengthens the Company's resilience and foresight in addressing climate challenges. To strengthen oversight of climate action implementation, SF has incorporated quantitative climate-related indicators – including emission-reduction targets and progress in energy conservation – into the performance evaluation system for senior management. Performance assessments are used to drive implementation of measures and continuously raise the standard of climate governance.
Strategy
SF conducts a comprehensive assessment of climate-related risks and opportunities across short (0–2 years), medium (2–5 years), and long term (5–10 years) horizons, and closely integrates corresponding risk-management actions with its strategic objectives and operational plans, advancing this in a coordinated manner. Given that climate-related risks and opportunities typically involve long time frames, complex drivers, and material uncertainty, the Company employs scenario analysis to systematically evaluate climate risks and their potential financial implications under different global warming pathways, such as low and high-emission scenarios. Scenario analysis provides a scientific foundation for developing forward-looking and adaptive strategies to manage climate-related risks and opportunities.
Impact, Risk, and Opportunity Management
SF deeply integrates climate change risks into the enterprise risk management framework to ensure that climate-related risks are effectively identified, scientifically managed, and regularly disclosed. The Company regularly organizes discussions and analyses on climate-related issues, continuously monitors and follows up on the progress of climate risk management, continuously optimizes its risk control mechanism and improves professional management capabilities in daily operations, enhancing the Company's overall capacity to respond to climate risks.
Metrics and Targets
SF consistently upholds a philosophy of sustainable and sound development. It fully recognizes the importance of participating in global climate action, actively responds to worldwide decarbonization initiatives, and steadfastly implements China's “Dual Carbon” strategy, to the advancement of the long-term goals of the Paris Agreement through its efforts in the logistics sector. In November 2023, SF formally signed and submitted its science-based target application to the Science Based Targets initiative (SBTi), and its targets were officially validated in April 2025, demonstrating SF's commitment to achieving science-based greenhouse gas emission reductions and its ambition to reach net zero emissions across the entire value chain by 2050.
Zero Carbon Emission Partners: Partners on the Road to Zero Carbon Emission
We not only focus on the management of carbon emissions in our own operations but also hope that the green value extends to the supply chain, advocating and working with upstream and downstream partners and customers to join us as the 'partners on the road to zero carbon'.
Green Supply Chain 1.0
Creating Carbon Emission Transparency
SF establishes carbon emission calculation models throughout end-to-end supply chain, aiming to help customers understand the greenhouse gas emissions in transportation and logistics-related activities, enhance the transparency of carbon emission data in supply chain logistics, analyze and optimize the high emission process and achieve effective identification and control in the operation process.
Green Supply Chain 2.0
Shaping "All Green"Logistics
Business customers: We provide 'All Green' service solution and mark the "green" label on the low carbon emission products for customers to know about the low carbon emission service they use and facilitate the external display of their commitment on the environment.
Individual consumers: We provide low-carbon services for individual customers, advocate and implement an incentive mechanism to promote the use of sustainable packaging and recycled cartons.
Green Supply Chain 3.0
Building a Zero-Carbon Business Society Together
In the blueprint of achieving global carbon neutrality, it is crucial to build a zero-carbon business society. SF will share its own carbon management experience with business partners, participate in the establishment of carbon emission verification and carbon asset management-related standards in the logistics industry, and promote the financialization of carbon trading. In addition, we will invest in low-carbon technologies in support of the green investment principles to create value in sustainable development.
