Sustainability
Reports Governance ESG Management Risk Management Data Security and Customer Privacy Protection Environmental Management Response to Climate Change Biodiversity Conservation Safe Operation Business Ethics Sustainable Supply Chain Employee Development Community Contributions Resource Use and Emissions
Risk Management

 Risk Management Framework

—————————————————————————————————————————————————————————————————————————————

We strictly comply with applicable laws and listing regulations. With reference to the Fundamental Norms for Corporate Internal Control, we have established a three-level risk management framework comprising the Board of Directors (together with its Risk and Compliance Management Committee and Audit Committee), the senior management and functional departments, ensuring comprehensive risk oversight and end-to-end control.



Under this framework, we have implemented three lines of defense system involving business units, the Risk Management Department, and the Supervision and Audit Department. Board members bring extensive risk management expertise, ensuring regulatory compliance while fostering value creation and high-quality business development.

 



Risk Identification and Response

————————————————————————————————————————————————————————————————————————————— 

COSCO SHIPPING Energy has established a dynamic monitoring mechanism to track significant changes in major risks, continually identify emerging major risks and significant business risk events, and promptly devise risk response plans and strategies. Furthermore, we have instituted an inclusive risk collection and reporting channel. Through the channel, we regularly distribute risk identification questionnaires to employees and encourage them to contribute to risk management based on their experience, thus enhancing overall risk management practices.


COPYRIGHT 2020 COSCO SHIPPING Energy Transportation Co., Ltd. All rights reserved
Shanghai ICP No. 16018315