Recently, China Oilfield Services Limited (“COSL” or the “Company”) was awarded the "Best ESG Practice Award" at the 14th Hong Kong International Financial Forum and Hong Kong International ESG Ranking.
The Hong Kong International ESG Ranking is jointly organized by the Hong Kong Ta Kung Wen Wei Media Group, the Hong Kong Chartered Governance Association, the Hong Kong Chinese Enterprises Association, the Hong Kong China Financial Association, and the Chinese Securities Association of Hong Kong. The expert judges highly recognized COSL's comprehensive and outstanding performance in the ESG field, and through this selection activity, it showcased the Company's important role in promoting industry and social sustainable development to the industry and the public.
The selection criteria strictly adhere to the core concept of ESG, emphasizing the comprehensive performance of companies in areas such as environmental protection, social responsibility, and corporate governance. The multi-dimensional evaluation method is committed to comprehensively reflecting the true situation of the company and enhancing the credibility of the award. The "Best ESG Practice Award" has a high level of credibility and recognition in Hong Kong and even globally, thanks to its authority, professionalism, impartiality, influence, and role in promoting sustainable development.
As a leading company in the field of marine oil services, COSL’s outstanding performance in environmental protection, social responsibility, and corporate governance (ESG) has set it apart from many other participating companies, earning it this honor. The Company's success is not only due to its excellent business performance, but also its firm commitment to sustainable development and social responsibility.
In terms of environmental protection, the Company has taken a series of innovative measures to reduce its environmental impact during operations. By investing in green technologies and promoting the use of clean energy, the Company has significantly reduced its carbon emissions. In addition, the Company actively participates in marine protection and biodiversity conservation projects, demonstrating its deep concern for the ecological environment.
In the field of social responsibility, the Company not only focuses on community development within its business scope, but also actively participates in global public welfare projects. The Company provides extensive support in education, health care, and emergency rescue, demonstrating its firm commitment to fulfilling the social responsibility of a central enterprise and its continuous efforts and contributions to building a harmonious society.
In the field of corporate governance, the Company has set an example of transparency and responsibility. Strict internal control compliance systems have been implemented to ensure fair and compliant business operations. At the same time, the Company has established efficient communication mechanisms and fair decision-making processes, which have strengthened the trust of stakeholders and greatly enhanced its core competitiveness.
Winning the "Best ESG Practice Award" is a recognition of COSL's work in the areas of environment, society, and governance over the years, and also an expectation for the Company's continuous innovation and leadership in this field in the future. The Company will take this award as a new starting point, continue to promote and practice ESG principles, and work together with all stakeholders to strive for a more prosperous, green, and harmonious future.
