On December 6, the 2024 Golden Bull Corporate Sustainability Forum and the 2nd Guoxin Cup ESG Golden Bull Awards Ceremony, organized by China Securities Journal and China Reform Holdings Corporation Ltd., was held in Shanghai. COSCO SHIPPING Energy was recognized for its outstanding ESG performance, earning spots in the “ESG Golden Bull Top 100” and “ESG Golden Bull Top 50 Central SOEs.” Additionally, the company’s project, “Yuan Rui Yang: Anchored in Excellence, Committed to Green Promises for the Blue Ocean” was recognized as a standout model ESG case study.

The forum brought together leaders from regulatory bodies, local governments, authoritative experts, central state-owned enterprises, listed companies, and investment institutions. Attendees engaged in meaningful discussions on ESG development, sharing insights and addressing opportunities and challenges shaping the path forward. Ren Yongqiang, Assistant General Manager of COSCO Shipping Group, Chairman, and Party Secretary of COSCO SHIPPING Energy, delivered a keynote speech titled “Beyond Shipping: COSCO Shipping’s ESG Contribution” which was met with widespread acclaim from attendees.

In recent years, COSCO Shipping Group has adopted a new strategic vision to “build a world-class shipping enterprise,” with a strong focus on digital intelligence and green low-carbon development. Leveraging its integrated advantages across “shipping + ports + logistics” and end-to-end supply chain services, the Group has ensured the stability and security of the global supply chain while enhancing its brand influence. With a commitment to high-quality development “beyond shipping”, COSCO Shipping Group has positioned sustainability as a core strategy. The company continues to enhance its environmental, social, and governance (ESG) practices, offering Chinese insights and solutions to support the shipping industry's ESG evolution.

COSCO SHIPPING Energy has similarly embedded sustainability into its core strategy and business decisions. Through its Board of Directors, Strategy Committee, management, and ESG governance office, the company ensures that key ESG issues are thoroughly assessed and effectively implemented. The company actively supports the shipping industry's decarbonization efforts by researching low-carbon and zero-carbon marine fuels, driving technological and managerial innovations to reduce greenhouse gas emissions, protecting marine biodiversity, and promoting a harmonious relationship with nature.

Looking ahead, COSCO SHIPPING Energy will continue to engage closely with stakeholders, focusing on managing key ESG issues and strengthening its sustainability capabilities. The company aims to lead the industry in resource integration, customer value creation, and sustainable development.