III. Social achievement indicators and social responsibility report

Training of COSCO

Training of COSCO Group

Enhancing education and training to improve quality

COSCO Group has followed experiences of internationally advanced enterprises to build up and perfect cultivation and training systems for different types of talents, focusing on capability building and oriented by enterprise development requirement. According to the features of different types of talents and different levels of talents, the group has customized training plans for high-grade talents and make clear the training target, content, channel, form and guarantee measures. The group has made full use of the CDMS to manage the training, and added training management module in OA system to increase COSCO’s training management level and efficiency. With the module, employees can complete training application, training conclusion, expenditure reimbursement, training effect evaluation, etc on the platform. Thus employee, sector leader and human resource sector have formed complete data chain, improving monitor and effect on training.

While providing good training for in-land employees, the group has also enhanced the training for crews. It has held safety management training classes of various levels with specific purpose, such as the training on steering platform resource management and turbine resource management participated by captains and chief engineer officer, the training for safety management system, comprehensive risk management system, occupational health & safety system, environmental management system, Global Compact, contract fulfillment for crews, etc. According to the group’s statistics for the first half of 2006, a total of 8,829 employees have taken part in the training on safety management system, including 5,813 employees were contracted for training. In 2005, COSCO has organized five trainings for group leaders, 20 trainings for sector heads, and 26 trainings for executives of departments.

Establishment and perfection of new mechanism in talent selection and adoption

COSCO Group has been promoting the respect to labor, knowledge, talent and creation. Using internal newspaper and magazines of the group and subsidiaries, and relying on modern broadcasting carriers including Internet and LAN, the group propagandizes the strategy of “Talents empowering enterprise” and talent working system. The group is equal and open to select and adopt talents without consideration of education level, professional title, industry longevity and identity. COSCO has made innovation in talent selection and introduced into competition mechanism to adopt the best talents.

Class opening ceremony for training for operation and management talent for project of “Three 300s” Phase II     Sufficient talent supply of “Three 300s” project, to store talents for COSCO’s sustainable development

Establishing learning team

Since 2004, the group carried out “Implementing Employee Quality Project, Building Learning Enterprise, Endeavoring to Be Knowledge-based Employee”. In September and October 2004, the group opened the final competition for employee skills. A total of 384 employees participated in one collective program with 20 types of post. Finally 14 teams and 345 employees were awarded. In January 2004 COSCO was honorably crowned with the title of “Self-Motivated Study Excellence Award”. The activity was jointly sponsored and organized by eight ministries and commissions, including All China Federation of Trade Unions, National Development and Reform Commission, Ministry of Education of PRC, Ministry of Science and Technology of PRC, Ministry of Personnel of PRC, Ministry of Labor and Social Security of PRC, State-owned Assets Supervision and Administration Commission of the State Council of PRC, All China Federation of Industry Commerce, etc     COSCO was honorably crowned with the title of “Self-Motivated Study Excellence Award” in 2005