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Annual Report 2014
Corporate
Social Responsibility
Overview
At COSCO, we strongly believe that an organisation
with a significant market presence and impact should
embody a socially responsible corporate culture.
With this conviction, we have adopted industry best
practices throughout our organisation and leveraged
on our established standing to influence standards on
corporate social engagement. In the long-term, the
alignment of business strategy and operations with
socially responsible practices strengthens our corporate
culture and brand identity. It also generates both tangible
and intangible benefits for all our stakeholders including
shareholders, business partners, employees, customers,
suppliers, communities and the environment.
Social Contribution
s
COSCOactively engages charities in the communities we
work in. Through various charitable events and activities,
we aim to develop relationships, support worthy causes,
and take on diverse roles to serve specific local needs.
Promoting the spirit of volunteerism, we encourage our
employees to get involved in their local charities and
give back to the community.
Singapore
One of the charities we have been earnestly supporting
is the Yellow Ribbon Project. In 2014, we donated
S$10,000 to the Yellow Ribbon Fund at the annual fund
raising event.
COSCO has also been a patron to the Singapore Chinese
Orchestra for the past three years. In 2014, we, donated
S$20,000 at its 2014 Fundraising event.
China
In China, youth social development is an issue we
are committed to. Over the years, COSCO’s group of
companies in China has been involved in campaigns
that advocate education and youth social welfare.
Since 2011, COSCO Zhoushan Shipyard’s Youth
League Committee has been organising educational
programmes to support students in remote areas and
providing counselling services.
Over the year in review, COSCO Shanghai Shipyard
was involved in several Corporate Social Responsibility
initiatives such as the annual donation drive and a blood
donation campaign. Workers at COSCO Dalian Shipyard
also visited the elderly and physically challenged
villagers in Wafangdian City, Dalian. In addition, COSCO
Guangdong Shipyard has established family support
services for workers’ families.
Nantong Diesel trade unions initiated a micro-donation
scheme—one dollar to build one dream—to support the
children of workers with financial difficulties to complete
their education. In August, COSCO Nantong Shipyard
organised an emergency blood donation drive to aid
burn victims from a major explosion which occurred at a
metal factory in Kunshan, Jiangsu.
Over 2014, COSCO Shipyard Group and its affiliated
unions have contributed over RMB2.0 million in funds
and made over 400 visits to underprivileged employees.
Inside COSCO and Corporate Citizenship
Captain Wu receiving a token of appreciation from
Prime Minister Lee Hsien Loong at the 2014 SCO
Fundraising Gala Dinner and Concert.
