Inclusion among 30 constituents shows commitment to corporate sustainability and fulfillment in environmental and community responsibilities.
Orient Overseas (International) Limited (OOIL) announced its inclusion as a founding constituent in the new Hang Seng Corporate Sustainability Index. The index series is the first of its kind in Hong Kong. It covers listed companies in both Hong Kong and China and provides vital benchmarks against which the investment community can assess socially responsible investments, according to an OOIL announcement.
The constituent selection process includes consideration of the results of a Corporate Sustainability Rating Assessment carried out by RepuTex (Hong Kong) Limited – an independent analytics and advisory firm that specializes in sustainability risk analysis. Eligible companies were evaluated on aspects including environmental impact, social impact and corporate governance. The 30 companies with the highest scores are included in the Corporate Sustainability Index.
The Hang Seng Indexes Company Limited held a ceremony to launch the new Hang Seng Corporate Sustainability Index Series on 15 July, 2010. Representatives from each of the 30 constituents of the Hang Seng Corporate Sustainability Index were presented with an official constituent company plaque by Mr. John Tsang, Financial Secretary of Hong Kong Special Administrative Region Government and Mrs. Margaret Leung, Chairman of the Hang Seng Indexes Advisory Committee in recognition of their strong performance with regard to corporate sustainability issues.
Mr. CC Tung, Chairman of OOIL said, “We are very pleased to be included in the Hang Seng Corporate Sustainability Index. In addition to being a positive testimonial to the corporate governance of our Group, it reflects our commitment to corporate sustainability, as well as our transparency in fulfilling our environmental and community responsibilities.”
“Even with the extremely difficult operating conditions of the past two years, we upheld the Group’s core values. We delivered on our commitment to provide superior customer service and products, while maintaining a competitive cost base through productivity gains. In doing so we continued to meet and exceed our various stakeholders’ expectations in relation to environmental protection, community care and employee education and welfare.” Mr. Tung said.
Orient Overseas (International) Limited (“OOIL”), a company with total revenue in excess of US$4.3 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 280 offices in 55 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 Hong Kong’s most 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 for 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.
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