OOIL releases its first Sustainability Report
Orient Overseas (International) Limited (‘OOIL’) has launched its first annual Sustainability Report, covering the significant environmental, economic and social aspects of the business of OOIL and its subsidiaries (the ‘Group’), the Group said on Monday.
"In the development of this report, some key initiatives taken by the Group to improve our sustainability performance include implementing an open stakeholder engagement process and combining our approaches to environmental management, economic development, and social responsibility into a more coherent structure to help us better understand and identify the focus areas towards our long-term Sustainability Strategy," the OOIL press release said
OOIL’s container shipping business arm, Orient Overseas Container Line Ltd (‘OOCL’), has over the years taken significant measures to help reduce the carbon footprint in the global supply chain. The Group has adopted clean technologies to reduce emissions in all of its newest and upcoming delivery of mega vessels.
In the launching of this report, Mr. C. C. Tung, Chairman of OOIL said: “As a responsible corporate citizen, the OOIL Group places the utmost importance on high standards of performance in environmental, social and corporate governance. We are committed to meeting our long-term sustainable development goals, and making the world a better place to live for ourselves and future generations. I cannot emphasize enough how important this commitment serves as a foundation on which we conduct all our business activities to ensure a sustainable future for the Group and our stakeholders.”
The Sustainability Report 2011 was prepared with reference to the Sustainability Reporting Guidelines of Global Reporting Initiative (GRI) 2006 reporting framework (G3).
Orient Overseas (International) Limited (“OOIL”), a company with total revenues in excess of US$6.0 billion, has principal business activities in container transport and logistics services. Listed on The Stock Exchange of Hong Kong, the OOIL Group has more than 270 offices in 60 countries.
Orient Overseas Container Line Limited, operating under the trade name OOCL, OOIL’s wholly owned subsidiary, is one of the world’s largest integrated international transportation and logistics companies, and is one of Hong Kong’s most recognized global brands. OOCL is one of the leading international carriers serving China, providing the full range of logistics and transportation services throughout the country. It is also an industry leader in the use of information technology and e-commerce to manage the entire cargo transport process.
