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A.General introduction B.Strategy and management C2. Environment C3. Products C4. Labors C5.Human Rights C6. Society Third party auditing opinions Table of Articles in GRI Report Guidance

Management measures       Performance indicators   1、 Direct value created and distributed by COSCO   2、 Financial investment for climate changes   3、 Comparison of lowest salary with standard salary   4、 Policies, systems and proportions for the procurement of local suppliers   5、 COSCO's procedures of employing local employees in important operation places and the proportion of local senior executives   6、 The company's infrastructure investment and services for public welfare by providing actual objects or free professional services through business activities, and the influences   7、 Understandings and analyses on institutes' important indirect economical influences (including degree and scope)--COSCO's technology R&D and achievements

IV. Policies, systems and proportions for the procurement of local suppliers Procurement of fuel oil and ship-building. In recent years, COSCO has been sticking to conducting the annual audit for suppliers and ship-repairing facilities. The mechanism of the òsurvival of the fittestó plays a positive role in making suppliers and ship-repairing facilities ensuring quality, controlling prices and optimizing services, effectively reducing the shipping expenses and management risks. In 2006, the proportion of domestic fuel oil procurement was 5.54%, and the collective procurement of the fuel oil saved USD8.5 million.

Cosco 2007.12