Orient Overseas (International) Limited (OOIL) has joined the United Nations Global Compact (UNGC), becoming the first Hong Kong-based enterprise in the international transportation and logistics industry to take part in this initiative as a signatory.
The United Nations Global Compact is a call to companies to align their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption, and take action in support of UN goals and issues embodied in the Sustainable Development Goals (SGD).
OOIL said it intends to publish a communication on progress (COP) report on an annual basis which will describe the company’s 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. We believe this is an excellent opportunity for us to align UN Global Compact and UN Sustainable Development Goals with the corporate sustainability strategy in our business,” C. C. Tung, Chairman of OOIL, commented.
Prior to OOIL’s participation in the UNGC, the company has already been active in building up its work on SDG. In the latest 2016 Sustainability Report, OOIL introduced new targets and specific action items towards the formulation of relevant SDG to tackle environmental and social issues across industries.
Moving forward, OOIL said it will continue its commitment to operational excellence for sustainability as it has done over the years through areas such as green investments on fuel-efficient vessels, energy-saving terminals, and eco-friendly machinery and equipment.