OOIL first to join UN Global Compact

Orient Overseas (International) Limited has scored a Hong Kong first in the international transportation and logistics industry when it signed up to the United Nations Global Compact earlier this week.

OOIL, the parent company of Orient Overseas Container Line, has a distinguished record in sustainable and ecologically aware shipping. The company has been on the FTSE4Good Global Index for a number of years, having successfully fulfilled all the ESG requirements of the Index for the third consecutive year since 2015.

In addition, as a founding constituent of the Hang Seng Corporate Sustainability Index, OOIL received the highest sustainability score in the industrials sector from the latest sustainability performance review.

“These are remarkable achievements as well as recognition of our efforts to achieving consistent and long-term sustainability objectives,” the company said.

“We are very pleased to be a part of the United Nations Global Compact”, said C C Tung, chairman of OOIL.

“Over the years, OOIL has been proactively building our Environmental, Social and Governance 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.”

Moving forward, OOIL will continue its commitment to operational excellence for sustainability as it has over the years through areas such as green investments on fuel-efficient vessels, energy-saving terminals, and eco-friendly machineries and equipment, the company added in a release issued on 12 September.

The United Nations Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals. The UN Global Compact is a leadership platform for the development, implementation and disclosure of responsible corporate practices. It is the largest corporate sustainability initiative in the world, with more than 9,500 participating companies in over 160 countries.

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