(1 December 2014) China Overseas Holdings Limited (hereinafter referred to as “COHL” or “the Group”) and its subsidiary China Overseas Land & Investment Ltd. (hereinafter referred to as “COLI”) had been awarded the HKQAA CSR Plus Mark by Hong Kong Quality Assurance Agency to recognize the Group’s and its subsidiary’s effort in corporate social responsibility and the excellent performance in sustainable development.
The assessment of HKQAA CSR Index Plus covers the seven core elements, including Organizational Governance, Human Rights, Labor Practices, The Environment, Fair Operating Practices, Consumer Issues and Community Involvement and Development. It is also based on the same proprietary sustainability performance assessment methodology with the Hang Seng Corporate Sustainability Index Rating and Research, which enables participants to benchmark themselves against more than 600 listed companies in HKSAR and PRC. COHL and COLI were scored above the Index score (60) and performed the best in “Consumer Issues” and “Community Involvement and Development”.
Corporate social responsibility practice has been the long-term strategy of COHL. The Group will uphold its vision of “Steady development lays a solid foundation for sustainable development” and operating principle of “Exercise caution in details and implementation. Build a strong foundation to seek greater success” with proactive strategic thinking, detailed-orientated operations and a vision of people-oriented sustainable development, so as to manage stakeholder expectations, help to develop an integrated society and stride over the road to excellence and everlasting business regime.
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