All financial data in the report is in compliance with the Accounting Standards for Business Enterprises and the Enterprise Accounting System, and is audited according to the International Standards for the Professional Practice of Internal Auditing.
In order to ensure the substantiality, integrity, comparability, accuracy and reliability, COSCO's companies establish the management systems for Global Compact and sustainable development to regulate enterprises' efforts to implement Global Compact and sustainable development and standardize the compilation of the report on sustainable development. COSCO and its companies settle the responsibility for the sustainable development into every position through the program files and the business operation files of the global compact's social responsibility management system.
COSCO Group has established the Procedures for Report on Sustainable Development and the Procedures for Internal Auditing. It has established an internal auditing team, providing professional training on auditing of the report on sustainable development for auditors, and carried out annual auditing on the report. At the same time, the group has developed out the COSCO Sustainable Development Management Information System to ensure the authenticity, integrity and the accuracy of the report data.
To ensure the authenticity and the reliability, COSCO has submitted the report to the Global Compact Promotion Office of China Enterprise Confederation and the Det Norske Veritas (DNV) for review and evaluation according to the Review Procedure of Sustainable Development Report, with an independent audit report to be provided. In addition, COSCO asked stakeholders and media to offer suggestions in a move to urge COSCO to constantly improve the report.
To know more information about COSCO Group's influence in economy, environment and society brought about by its strategic objectives and manufacturing operation, please visit http://www.cosco.com.
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