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| For many years, COSCO has been insisting on its innovation in management system and keeping close pace with the world's most advanced management standard to continuously improve its management. The corporation has grown up from a follower of advanced management system methods into an inventor of them. In recent years, the group has established systematic modern enterprise management system, based on the ISO9000: Quality Management System Standard 2000, ISO14000: Environmental Management System Standard 2004, OHSAS18000 Occupation Health & Safety Assessment System 1999, ISO17799/ISO27001 Information Security Management System, and in compliance with the requirements of AS4360:1999/COSO Risk Management Framework and Guidelines for National Enterprises on Comprehensive Risk Management, Global Compact and Sustainable Development Management System Guidelines, GRI Report System, etc., and COSCO Container Lines piloted the sustainable development management system. Following |
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that, COSCO started to promote the sustainable development management system among COSCO's shipping, logistics, ship-building and ship-repairing companies to fully perform the Global Compact. Currently, like the management system of COSCO, the management systems of the first-batch companies are adopting theories of system integration and lean management, integrates standards of management system and requirements of related national regulations and rules, and applies the Total Quality Management (TQM) in the system operation. With excellent performance mode for system evaluation, and Six Sigma-centered lean management measures as important tool for continuous improvement, the management system has successfully established long-term efficient mechanism of self-restriction, self-discovery, self-betterment, continuous improvement and excellent pursuit. The company therefore has become the pioneer who has successfully adopted the management system to improve enterprise value, and established the leadership in the construction of management system. |
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To realize its strategic target and constantly improve the procedure efficiency and profit-making capability in business and capital operation, COSCO Group started to fully execute the Six Sigma-centered lean management and benchmark management in 2002. In 2006 the corporation rebuilt the procedures according to the Global Compact Social Liability Management System Guidelines, GRI Sustainability Reporting Guideline, and Guidelines for National Enterprises on Comprehensive Risk Management.
COSCO and its key subsidiaries have rebuilt their business procedures, to integrate the terms and requirements of comprehensive risk management and Global Compact into the operation and management decision-making and
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business procedures, to build up the Procedures for Social Responsibility and Harmonious Enterprise Management and Procedures for Sustainable Development Report, and risk management procedures for key processes. At the same time, through working standards, the company put the requirements and risk authorization of Global Compact, social liability, and risk management into the actual practice of every COSCO person.
COSCO and its key subsidiaries have completed the building of the sustainable management system framework in early 2006 based on the quality, environment and security management system. |
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| COSCO has created 16 steps in promoting and implementing the Global Compact and the sustainable development management, providing COSCO with programmed scientific methods to establish and operate the management system. |
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