III. Social achievement indicators and social responsibility report

COSCO Group has been devoting itself to the building of plural working place and increasing the percentage of female employees. Females undertaking senior executive positions in the group account for 11.1%, while females undertaking senior executive positions in subsidiaries occupy 8.3%.

The group recruits crews from minorities and foreign countries to increase the pluralism for the crew team.

Minorities also enjoy certain percentage in the executive team. Among all COSCO executives, minorities share 3.5%, while among subsidiary executives, minorities enjoy 1.5%.

The local employees employed by COSCO’s oversea companies enjoy insurance and welfare according to local law and regulation.

The salary is localized, and employee shareholding and option system will be implemented. COSCO localizes the talent system and offers important posts for capable foreign employees. In terms of cultural incentive, the group has put forward the teamwork conception of “We’re COSCO Persons since We Entered into the Gate of COSCO”. Oversea companies of COSCO select “Foreign Labor Model” each year and invite them to visit, tour and investigate the headquarters, thus to further cultivate foreign employees’ identification with COSCO. The group has issued “Golden Employee Award” to foreign employees who have worked for over 25 years, inspiring their self pride with COSCO.

The group gives full respect to local human culture and endeavors to boost the integration between COSCO culture and local culture. COSCO advocates cultural integration, combining western management mode with oriental human kindness organically. At the same time, the group promotes “Big Sameness Pursuit and Small Difference Existence” and “Principle in Big Thing, Style in Small Thing”, demanding leaders of oversea enterprises keep human orientation, care for employees, give respect to rights of local employees and realize harmonious enjoyment with the attitude of mutual understanding, mutual management and mutual driving. For example, the COSCO Europe has established ten principles to fully activate enthusiasm of both Chinese and foreign employees, which has resulted in the pleasant integration of COSCO’s management conception and 117 foreign employees coming from 16 nationals. These 117 employees account for 88% of the total number of overseas employees of the group.

Senior executives of COSCGO Group who are not communist party members account for 0.75%.

Excellent oversea employees of COSCO visit the Headquarters     Foreign labor models gather at Beijing Tiananmen Square