The UN Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals.
To this end, the company announced that it aims to publish a Communication on Progress (COP) report on an annual basis, to describe efforts in implementing the Ten Principles and SDG.
“Over the years, OOIL has been proactively building our Environmental, Social and Governance (ESG) profile. As a global corporate citizen, we recognize the responsibility and commitment from the business community to take on a leadership role in addressing such important and far reaching global issues,” said Mr. C. C. Tung, Chairman of OOIL.
The company has already been active in building work on SDG, by introducing new targets towards the formulation of SDGs, in its latest 2016 Sustainability Report and by receiving the highest sustainability score in the industrial sector from the latest sustainability performance review of Hang Seng Corporate Sustainability Index.
Moving forward, OOIL has committed to proceed to green investments on fuel-efficient vessels, energy-saving terminals, and eco-friendly machineries and equipment.