COSCO SHIPPING International has rooted its businesses in Hong Kong and has actively fulfilled its corporate citizenship to return to Hong Kong. We have established a harmonious cooperative relationship with our community and provide assistance to the people in need. We have developed a charitable donation policy, organised volunteer teams, set up volunteer holidays, and encouraged employees to actively participate in various social philanthropic activities, to express our caring for the society with concrete actions and to make contribution for building a better and harmonious community.
Charitable Donation Policy
COSCO SHIPPING International has kicked off its work on performing corporate social responsibilities since 2008. In 2014, we formulated a charitable donation policy. The donation policy is to provide a guideline for the Group in allocating the fund to the non-governmental organisations and other charitable bodies. It formalizes the manner in which its philanthropic efforts are handled and to ensure its commitment to building partnerships in the communities in which the Company and its subsidiaries operate. In accordance with the policy, the Company would, in principle, set the charitable donation budget as about 0.1% of the profit attributable to the shareholders of the previous financial year for all direct donations and indirect expenses to all charitable events and related community services for the year. The actual amount of the charitable donation may be adjusted appropriately in line with the profit performance, and the actual charitable donation budget plan has to be submitted to the senior management for final approval every year.
Our charitable donations are mainly focused on diversified projects for charitable sponsorships, education, environmental care and helping for the underprivileged
Breakdown of Allocation of Charitable Donations from 2008 to 2017
Promoting a Volunteering Culture
COSCO SHIPPING International has launched volunteer services in Hong Kong since 2011. We used a team slogan of “Our Passion to Serve”, and offered volunteer holiday to encourage and attract more staff to participate in volunteer services. All Hong Kong staff who has participated in volunteer services organised or referred by the Company for over 8 hours in a year will be entitled to a half-day paid leave. More than 450 person times had participated in volunteer services, with a total of more than 1,940 volunteer hours recorded, since the deployment of volunteer services until now.
Continuous Support to Education in Mountainous Areas in China Mainland
Since 2008, COSCO SHIPPING International has sponsored an annual large-scale fund-raising walk activity, namely “Sowers Action Challenging 12 Hours Charity Marathon” for 10 consecutive years, organised by Sowers Action, a non-profit making charitable organisation. Over the past years, the Company donated a total of more than HK$1.7 million and encouraged our staff to participate in the charitable hiking activity to raise fund. The number of participants exceeded 355 person times and more than 900 children from the mountainous areas in Mainland China were subsidized to continue their studies.
Supporting Marine Conservation
As a corporate member of WWF-Hong Kong, COSCO SHIPPING International always supports its conservation work for protecting the environment. To follow COSCO SHIPPING’s commitment on marine conservation of banning the transport of shark fin on its vessels, we showed support to WWF-Hong Kong’s philosophy of “Say No to Shark Fin” by ceasing the consumption of shark fins in the menu of large-scale corporate dinners, and minimizing the consumption of known endangered marine species so as to protect the marine ecology.
Caring for the Underprivileged
Showing Concern to the Elderly Living Alone
With the increased aging population in Hong Kong, the number of the elderly living alone has increased rapidly. These elderly made lots of contribution to the community in their youth, but they need care from the community when they are old and helpless. Every year, COSCO SHIPPING International collaborates with a non-profit organisation, Sham Shui Po District Elderly Community Centre of Neighbourhood Advice-Action Council by sponsoring the gift bags and sending our volunteer team to pay visit to the elderly living alone, ask about their recent conditions and revert their needs to the social workers for follow up during the festive seasons and the winter.
Giving Assistance to Low Income Families
To provide more opportunity for the underprivileged including the new arrivals and low income families to adapt to the society, COSCO SHIPPING International co-operates with Christian Action to organise various types of activities such as “Green Fun Day”, “Ngong Ping Cultural Educational Tour”, accompanied by the volunteers. The activities helped the children to learn about their community, the traditional culture and importance of protecting the environment.
COSCO SHIPPING International was awarded certificates of commendation by social philanthropic organisations and numerous important honours related to corporate social responsibility, in recognition of our active participation in the community and efforts in volunteer service.