Recently, Sina Finance hosted the “China ESG Golden Awards” and more than 5,000 companies participated in the selection. China Oilfield Services Limited (hereinafter referred to as “COSL” or the “Company”) won the Best Social Responsibility Award.
Based on the principles of “fairness, justice and openness” and employing an authoritative ESG rating database, the selection aims at rewarding companies and institutions that have made outstanding contribution to China’s ESG cause. The Chinese name “Golden Responsibility” of the awards bring out the message that "responsibility weighs as precious and heavy as gold", not only representative of industry recognition for responsible companies, but also to give companies the drive to develop ESG.
After more than three months of selection, the awardees were chosen based on their comprehensive ESG performance, scores from professional judges and online voting. The honor does not only represent recognition for a company's outstanding performance in ESG, but is also affirmation of its significant contribution to promoting sustainable development and fulfilling social responsibilities.
Committed to the value proposition of “Consistently Surpassing Customer Expectations”, COSL seeks to transform quality and efficiency with new ideas and operational philosophy. The Company embraces the core value of “achieving win-win with customers, employees, partners, and shareholders”, and is resolved in conducting oil and gas exploration, development, and improve quality and efficiency across the entire drilling & completion business chain.
The Company has actively responded to the country’s call for green development and is dedicated to integrating environmental protection concepts into every aspect of its daily operations. It continues to promote green transformation through technological innovation and efficient use of resources, striving to build a resource-saving and environmentally-friendly organization. At the same time, as a company with a strong sense of social responsibility, it also regards shouldering social responsibilities as an important corporate development mission, and has through education support, maritime rescue, and other initiatives continuously build the new image of a socially responsible state-owned enterprise. It has received widespread acclaims on ESG management and information disclosure from the capital market and the public.
COSL will take this award as an opportunity to further strengthen exchanges and cooperation, learn from advanced ESG practices and management experience, and continue to deepen the organic integration of ESG concepts into corporate management. Moreover, the company will continue to increase R&D investment and strengthen talent training in the ESG field, and keep enhancing its core competitiveness in ESG.
Going forward, COSL will continue to uphold the new “innovative, coordinated, green, open, and shared” development philosophy, always keeping in mind “matters of national significance”, pushing consistently to deepen reforms, and drive the company in exploring new development models for its traditional businesses and chart its course of innovative transformation and make COSL a world-class energy service company.
