DOCSLIB.ORG

Sustainability Report Our Quality Energy for Your Blue Sea and Sky

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sustainability Report Our Quality Energy for Your Blue Sea and Sky CNOOC Our Quality Energy for Your Blue Sea and Sky Sustainability Report 2017 2017 SUSTAINABILITY REPORT CHINA NATIONAL OFFSHORE OIL CORP. CNOOC Office for Policy Research Address: CNOOC Building, No. 25 Chaoyangmenbei Dajie, Dongcheng District, Beijing 100010, P.R. China 106757 E-mail: [email protected] Website: www.cnooc.com.cn REPORT INTRODUCTION Promoting Economic Growth [P11-34] Special Topics Following its launch in 2005, this is the framework, management process for on Better Fulfillment of Corporate Social Ensuring Energy Supply thirteenth consecutive issue of annual sustainable development and our subsidiaries Responsibilities issued by State-owned CNOOC and SDGs P08 sustainability report of China National is available on the Company’s website at Assets Supervision and Administration Emphasizing Sci-Tech Innovation Offshore Oil Corporation. It is an accurate www.cnooc.com.cn as sustainability and Commission of the State Council of People’s Intensifying Safe Operation LNG: Technological Innovation Leading Development P24 reflection of our fulfilment of economic, annual reports over the years. Republic of China with reference to the Internet +: New Experiences of Fast Service P32 environmental and social responsibilities Sustainability Reporting Guidelines of Improving Quality Management Improvements: In order to reflect the undertaken in 2017. Some pertinent the Global Reporting Initiative (GRI), the fulfillment of CNOOC’s responsibilities in Green Refinery: A Beautiful Life Made by information about the report is as follows: Sustainability Reporting Guidelines of Oil a more objective, comprehensive and Intelligent CNOOC P37 and Natural Gas Industry (2nd Edition, 2015) Reporting Entity: China National Offshore intensive manner, the compilation of this jointly issued by the International Petroleum Oil Corporation report is based on site investigation on the CNOOC Welfare Foundation: Complete Devotion Industry Environmental Conservation responsibility fulfillment of CNOOC’s affiliates to Moving Ahead with Warmth P54 China National Association (IPIECA) and the American Alternative Reference: and the selection of real cases. Opinions Offshore Oil Corporation is herein also Petroleum Institute (API), the Guidelines Caring for Children: CNOOC’s Benevolence and suggestions from the stakeholders are referred to as “CNOOC”, “the Company”, on China’s Corporate Social Responsibility also incorporated to give an active response Lightening the Future P56 “we”, “our” or “us”. Reporting (CASS-CSR 3.0) by the Corporate to their concerns. The report is presented Enhancing Environmental Protection Social Responsibility Research Center of The Belt and Road: CNOOC’s Heart with the with the themes of “Our Quality Energy for [P35-46] Reporting Period: January 1 to December the Economics Department of Chinese Your Blue Sea and Sky” and three issues of Energy “Silk Road” P64 31, 2017. In order to ensure the continuity Academy of Sciences and the ISO 26000 Green Operation “Promoting Economic Growth, Enhancing and comparability of the information Social Responsibility Guide (2010) by the Environmental Protection, and Driving Tackling Climate Change disclosed, the applicable period for certain International Standards Organization. Social Progress” to demonstrate CNOOC’s information may be extended forward or Energy Conservation and Emission Reduction backward accordingly. sustainable development. In addition to Language: This report is published in both the independent release of “CSR Report Chinese and English. In case of discrepancies, Water Resource Management Reporting Cycle: The timescale of this Overseas” and “Country Report: CNOOC the Chinese version shall prevail. Biodiversity Conservation Country Report report is a calendar year. in Iraq”, seven special issues about social Accessibility: This report is available in print responsibility are highlighted in the report: Reporting Principles: To meet the needs of the and electronic formats. The digital version “CNOOC and SDGs”, “LNG: Technological CNOOC in Iraq P75 stakeholders and general public by disclosing can be downloaded from the Company’s Innovation Leading Development”, “Internet key information of the Company in a true, website at www.cnooc.com.cn. To obtain +: New Experiences of Fast Service”, “Green objective, timely and comprehensive manner. a print version of the report, please email Refinery: A Beautiful Life Made by Intelligent [email protected]. See also CNOOC Data: All 2017 data disclosed herein is CNOOC”, “CNOOC Welfare Foundation: WeChat Public Account for the H5 version of annual statistics. In case of discrepancies Complete Devotion to Moving Ahead with this report. with the data in the annual report, the latter Warmth”, “Caring for Children: CNOOC’s Driving Social Progress shall prevail. Unless otherwise specified, all Benevolence Lightening the Future” and [P47-62] amounts are expressed in Renminbi (RMB). “The Belt and Road: CNOOC’s Heart with Caring for Employees and Stimulating Vitality the Energy ‘Silk Road’ ”. Reporting Scope: Unless otherwise specified, Devoting to Public Interests and Remaining Summary Chairman’s Letter P02 all information disclosed in the report is from References: This report is prepared on the True to the Original Aspiration official documents, statistical reports and reports basis of the SDGs and “Ten Principles” of President’s Letter P04 of fulfilment of responsibilities by CNOOC and the United Nations Global Compact, the Providing Voluntary Services and Strengthening About Us P06 our subsidiaries. The information has been Guidelines to the Central Government- Blue Force reviewed by our management, supervision owned Enterprises on Fulfillment of Key Performance Indicators P07 department and various subsidiaries. Moreover, Integrating into the Community and Creating a Corporate Social Responsibilities and the Stakeholders P10 information about CNOOC’s management Guidelines to the State-owned Enterprises CNOOC WeChat Public Account Better Life THE LOGO OF CNOOC The corporate logo of China National Offshore Oil Corporation (CNOOC) encompasses the basic design CSR Report Overseas elements comprising the letters that make up the company’s initials CNOOC, enclosed by the blue curves [P63-81] and ripples that represent China’s seawaters. The design in red, formed by the capital letters CNOOC, Outlook on 2018 P82 depicts an offshore drilling rig silhouetted against the rising sun, symbolizing prosperity in the offshore oil Overseas CSR Strategy Annex industry of China. Creating Socioeconomic Value Third-party Assessment P83 Strengthening Safety and Compliance Management Glossary of Terms P85 Protecting a Balanced Ecosystem Index of Reporting Indicators P86 Building Platform for Employee Development Feedback Form P88 Promoting Enterprise-Community Common ABOUT THE COVER Development The platform chief manager of “Kenli 10-1” in Bohai Oilfield is commanding operation at the production site. CHINA NATIONAL OFFSHORE OIL CORP. / 02 03 / CHAIRMAN’S LETTER CHAIRMAN’S LETTER achieved a series of breakthroughs of We adhere to the concept of “Lucid talents, protecting their legal rights and We put the safety and compliance as key technologies in the entire industry Waters and Lush Mountains are interests and caring for their physical a foothold for overseas business. We chain. For example, we officially released Invaluable Assets”. Therefore, we and mental health. always abide by laws and regulations of the first international standard Standards actively respond to the Paris Agreement the host country, deeply integrate into the We actively fulfil social responsibility for Modular Offshore Drilling Rigs on and participate in global environmental globalization and manage to maximize by repaying communities with our Fixed Platforms, constantly improved the governance to tackle climate change. the value for our stakeholders. We strive development outcomes. We effectively management system, such as promoting Meanwhile, we adapt ourselves to the to promote local economic development improve the living quality of local innovation to enhance lean management new requirements of building a “Beautiful and provide better products and services residents by carrying out heart- and innovating business model to China” and strive to fulfil the promise for overseas customers. warming projects. We are committed create a new industrial formation. We of emission reduction. As a result, to promoting rescue capacity, such as We attach great importance to a also effectively expanded our service CNOOC Sustainability Report 2016 won construction of a state-level Subsea balanced ecosystem in our operation network which helped us implement the “2017 Golden Bees Excellent CSR Pipeline Rescue Base and an Oil Spill area and strengthen energy conservation, the market leading strategy focused on Report – Environmental Responsibility Emergency Base, meanwhile we actively emission reduction and carbon reduction “Market Leading, Customer First, Service Information Disclosure Award”. participate in foreign assistance and management. We have taken various Foremost and Value Creation”. We always take energy conservation, marine emergency rescue. means to protect and restore the We regard safe operation and quality emission reduction and environmental ecological environment, so as to achieve We are enthusiastic about public management as the lifeblood for protection as important ways to coordination among all parts of the welfare. On the platform of CNOOC corporate sustainable development.
Load more

Recommended publications
  • Competitiveness Analysis of China's Main Coastal Ports
    2019 International Conference on Economic Development and Management Science (EDMS 2019) Competitiveness analysis of China's main coastal ports Yu Zhua, * School of Economics and Management, Nanjing University of Science and Technology, Nanjing 210000, China; [email protected] *Corresponding author Keywords: China coastal ports above a certain size, competitive power analysis, factor analysis, cluster analysis Abstract: As a big trading power, China's main mode of transportation of international trade goods is sea transportation. Ports play an important role in China's economic development. Therefore, improving the competitiveness of coastal ports is an urgent problem facing the society at present. This paper selects 12 relevant indexes to establish a relatively comprehensive evaluation index system, and uses factor analysis and cluster analysis to evaluate and rank the competitiveness of China's 30 major coastal ports. 1. Introduction Port is the gathering point and hub of water and land transportation, the distribution center of import and export of industrial and agricultural products and foreign trade products, and the important node of logistics. With the continuous innovation of transportation mode and the rapid development of science and technology, ports play an increasingly important role in driving the economy, with increasingly rich functions and more important status and role. Meanwhile, the competition among ports is also increasingly fierce. In recent years, with the rapid development of China's economy and the promotion of "the Belt and Road Initiative", China's coastal ports have also been greatly developed. China has more than 18,000 kilometers of coastline, with superior natural conditions. With the introduction of the policy of reformation and opening, the human conditions are also excellent.
    [Show full text]
  • Hong Kong SAR
    China Data Supplement November 2006 J People’s Republic of China J Hong Kong SAR J Macau SAR J Taiwan ISSN 0943-7533 China aktuell Data Supplement – PRC, Hong Kong SAR, Macau SAR, Taiwan 1 Contents The Main National Leadership of the PRC 2 LIU Jen-Kai The Main Provincial Leadership of the PRC 30 LIU Jen-Kai Data on Changes in PRC Main Leadership 37 LIU Jen-Kai PRC Agreements with Foreign Countries 47 LIU Jen-Kai PRC Laws and Regulations 50 LIU Jen-Kai Hong Kong SAR 54 Political, Social and Economic Data LIU Jen-Kai Macau SAR 61 Political, Social and Economic Data LIU Jen-Kai Taiwan 65 Political, Social and Economic Data LIU Jen-Kai ISSN 0943-7533 All information given here is derived from generally accessible sources. Publisher/Distributor: GIGA Institute of Asian Affairs Rothenbaumchaussee 32 20148 Hamburg Germany Phone: +49 (0 40) 42 88 74-0 Fax: +49 (040) 4107945 2 November 2006 The Main National Leadership of the PRC LIU Jen-Kai Abbreviations and Explanatory Notes CCP CC Chinese Communist Party Central Committee CCa Central Committee, alternate member CCm Central Committee, member CCSm Central Committee Secretariat, member PBa Politburo, alternate member PBm Politburo, member Cdr. Commander Chp. Chairperson CPPCC Chinese People’s Political Consultative Conference CYL Communist Youth League Dep. P.C. Deputy Political Commissar Dir. Director exec. executive f female Gen.Man. General Manager Gen.Sec. General Secretary Hon.Chp. Honorary Chairperson H.V.-Chp. Honorary Vice-Chairperson MPC Municipal People’s Congress NPC National People’s Congress PCC Political Consultative Conference PLA People’s Liberation Army Pol.Com.
    [Show full text]
  • New System to Improve SME Lending
    BUSINESS CHINA DAILY HONG KONG EDITION Tuesday, January 26, 2021 Smartphone RIGHT TRACK makers eye New system bigger slice of global pie to improve By MA SI [email protected] Chinese smartphone vendors are eyeing a bigger share of the global SME lending market and become more competi- tive players in the internet of things sector, experts said. Unified registration mechanism to use The ambitions of the companies come at a time when more consum- movable property, rights as collateral ers are ready to upgrade their devi- ces to 5G, while the By CHEN JIA 2021. The Credit Reference Center commercialization of the fifth-gen- [email protected] of the PBOC was designated to car- eration wireless technology is set to ry out the registration service generate new opportunities in the China has established a unified accordingly. IoT sector. Visitors check out a model of the CR929 jet during an exhibition in Shanghai. PROVIDED TO CHINA DAILY national financing registration Analysts said the decision was in Chen Mingyong, CEO of Oppo, system that uses movable property line with requirements under the said the company aims to be a tech and rights as pledges, which is Civil Code and will help improve pioneer in IoT in 2021 with a bigger expected to increase loans for the business environment in the presence in the high-end smart- COMAC: Construction of CR929 small and medium-sized enter- country. phone segment, after it recorded an prises and improve the overall Providing loans for micro, small impressive growth in the past year. business environment.
    [Show full text]
  • Jiangsu(PDF/288KB)
    Mizuho Bank China Business Promotion Division Jiangsu Province Overview Abbreviated Name Su Provincial Capital Nanjing Administrative 13 cities and 45 counties Divisions Secretary of the Luo Zhijun; Provincial Party Li Xueyong Committee; Mayor 2 Size 102,600 km Shandong Annual Mean 16.2°C Jiangsu Temperature Anhui Shanghai Annual Precipitation 861.9 mm Zhejiang Official Government www.jiangsu.gov.cn URL Note: Personnel information as of September 2014 [Economic Scale] Unit 2012 2013 National Share (%) Ranking Gross Domestic Product (GDP) 100 Million RMB 54,058 59,162 2 10.4 Per Capita GDP RMB 68,347 74,607 4 - Value-added Industrial Output (enterprises above a designated 100 Million RMB N.A. N.A. N.A. N.A. size) Agriculture, Forestry and Fishery 100 Million RMB 5,809 6,158 3 6.3 Output Total Investment in Fixed Assets 100 Million RMB 30,854 36,373 2 8.2 Fiscal Revenue 100 Million RMB 5,861 6,568 2 5.1 Fiscal Expenditure 100 Million RMB 7,028 7,798 2 5.6 Total Retail Sales of Consumer 100 Million RMB 18,331 20,797 3 8.7 Goods Foreign Currency Revenue from Million USD 6,300 2,380 10 4.6 Inbound Tourism Export Value Million USD 328,524 328,857 2 14.9 Import Value Million USD 219,438 221,987 4 11.4 Export Surplus Million USD 109,086 106,870 3 16.3 Total Import and Export Value Million USD 547,961 550,844 2 13.2 Foreign Direct Investment No. of contracts 4,156 3,453 N.A.
    [Show full text]
  • Women's Development in Guangdong; Unequal Opportunities and Limited Development in a Market Economy
    City University of New York (CUNY) CUNY Academic Works Dissertations and Theses City College of New York 2012 Women's Development in Guangdong; Unequal Opportunities and Limited Development in a Market Economy Ying Hua Yue CUNY City College How does access to this work benefit ou?y Let us know! More information about this work at: https://academicworks.cuny.edu/cc_etds_theses/169 Discover additional works at: https://academicworks.cuny.edu This work is made publicly available by the City University of New York (CUNY). Contact: [email protected] Running head: WOMEN’S DEVELOPMENT IN GUANGDONG 1 Women’s Development in Guangdong: Unequal Opportunities and Limited Development in a Market Economy Yinghua Yue The City College of New York In Partial Fulfillment of the Requirements for the Degree of Master of Arts in Sociology Fall 2012 WOMEN’ S DEVELOPMENT IN GUANGDONG 2 ABSTRACT In the context of China’s three-decade market-oriented economic reform, in which economic development has long been prioritized, women’s development, as one of the social undertakings peripheral to economic development, has relatively lagged behind. This research is an attempt to unfold the current situation of women’s development within such context by studying the case of Guangdong -- the province as forerunner of China’s economic reform and opening-up -- drawing on current primary resources. First, this study reveals mixed results for women’s development in Guangdong: achievements have been made in education, employment and political participation in terms of “rates” and “numbers,” and small “breakthroughs” have taken place in legislation and women’s awareness of their equal rights and interests; however, limitations and challenges, like disparities between different women groups in addition to gender disparity, continue to exist.
    [Show full text]
  • Annual Report 2018 – Melrose Industries
    Buy Improve Sell Melrose Annual Report 2018 Melrose Industries PLC Melrose Industries PLC Melrose Annual Report 2018 Melrose Industries PLC Acquiring good quality manufacturing businesses, making operational improvements, realising shareholder value at the appropriate time and then returning this value to shareholders, continue to be the fundamentals of the “Buy, Improve, Sell” business strategy that Melrose has followed since it was founded in 2003. Our strategy Financial statements Our strategy and business model 2 Independent auditor’s report to the Strategy in action members of Melrose Industries PLC 114 GKN – Buy 4 Consolidated Income Statement 126 Nortek – Improve 6 Consolidated Statement Elster – Sell 8 of Comprehensive Income 127 Consolidated Statement of Cash Flows 128 Strategic Report Consolidated Balance Sheet 129 Consolidated Statement Shareholder value creation 10 of Changes in Equity 130 Highlights of the year 12 Notes to the Financial Statements 131 Chairman’s statement 14 Company Balance Sheet Chief Executive’s review 16 for Melrose Industries PLC 182 Key performance indicators 18 Company Statement of Changes in Equity 182 Divisional review Notes to the Company Balance Sheet 183 Aerospace 20 Glossary Automotive 24 193 Powder Metallurgy 28 Nortek Air & Security 32 Other Industrial 36 Shareholder information Finance Director’s review 40 Notice of Annual General Meeting 197 Longer-term viability statement 49 Company and shareholder information 202 Risk management 50 Risks and uncertainties 52 Corporate Social Responsibility 59 Governance Governance overview 70 For more information visit Board of Directors 72 melroseplc.net Directors’ report 74 Corporate governance report 78 Audit Committee report 82 Nomination Committee report 90 Directors’ Remuneration report 92 Statement of Directors’ responsibilities 113 Cautionary statement The Strategic Report and certain other sections of this Annual Report and financial statements contain forward-looking statements.
    [Show full text]
  • Port of Rotterdam Made by Chinese
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Peverelli, Peter J. Working Paper Port of Rotterdam in Chinese Eyes Copenhagen Discussion Papers, No. 2007-19 Provided in Cooperation with: Asia Research Community (ARC), Copenhagen Business School (CBS) Suggested Citation: Peverelli, Peter J. (2007) : Port of Rotterdam in Chinese Eyes, Copenhagen Discussion Papers, No. 2007-19, Copenhagen Business School (CBS), Asia Research Centre (ARC), Frederiksberg, http://hdl.handle.net/10398/7406 This Version is available at: http://hdl.handle.net/10419/208619 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. https://creativecommons.org/licenses/by-nc-nd/3.0/ www.econstor.eu 19 2007 May Port of Rotterdam in Chinese Eyes Peter J.
    [Show full text]
  • 2019 Annual Report 1 Contents
    Important Notice I. The Board, supervisory committee and directors, supervisors and senior management of the Company warrant that this report does not contain any misrepresentations, misleading statements or material omissions, and are jointly and severally liable for the authenticity, accuracy and completeness of the information contained in this report. II. This report was approved at the 25th meeting of the fourth session of the Board of the Company. 8 out of nine eligible directors attended the meeting in person. Li Dong, a director, asked for leave due to business appointment, and appointed Gao Song, a director, to act as his proxy and vote on behalf of him at the meeting. III. KPMG has issued a standard unqualified independent auditor’s report to the Company under the Hong Kong Standards on Auditing, in connection with the Company’s 2019 financial statements prepared under International Financial Reporting Standards. IV. Wang Xiangxi, Chairman of the Company, Xu Shancheng, Chief Financial Officer, and Ban Jun, person-in-charge of the accounting department, warrant the authenticity, accuracy and completeness of the financial statements contained in this report. V. The Board proposed the payment of a final dividend in cash of RMB1.26 per share (inclusive of tax) for the year 2019 based on the total registered share capital on the equity registration date of the implementation of the equity distribution. The profit distribution proposal is subject to the approval by shareholders at the general meeting. According to the total share capital of 19,889,620,455 shares of the Company as at 31 December 2019, the final dividend totals RMB25,061 million (inclusive of tax).
    [Show full text]
  • Resistance, Repression, Responsiveness
    RESISTANCE, REPRESSION, RESPONSIVENESS: WORKERS AND THE STATE IN CHINA A Dissertation Presented to the Faculty of the Graduate School of Cornell University in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy By Isaac Manfred Elfstrom January 2017 © 2017 Isaac Manfred Elfstrom RESISTANCE, REPRESSION, RESPONSIVENESS: WORKERS AND THE STATE IN CHINA Isaac Manfred Elfstrom, Ph. D. Cornell University 2017 This dissertation examines the impact of labor unrest under authoritarianism. It uses evidence from China to explore the possibility that autocracies, especially state socialist and post-socialist ones, are uniquely vulnerable to worker resistance and therefore react to it in a dual manner, at once repressive and responsive. Drawing on an original dataset of strikes, protests, and riots by Chinese workers, I find that increases in unrest are correlated with both increases in public security spending (repression) and pro-labor rulings in formally adjudicated employment disputes (responsiveness). Using a “most similar” case comparison informed by field theory, I then show how in Jiangsu’s portion of the Yangtze River Delta, moderate industrial contention is paired with governance that can be characterized as preemption, caution, and nudging, while in Guangdong’s portion of the Pearl River Delta, high contention is paired with reaction, experimentation, and crackdowns. Thus, consistent with the dissertation’s quantitative analysis, repression and responsiveness are stronger where resistance is more widespread, but governance is also qualitatively different. I argue that, at the level of local governments and local officials, there is a logic to this divergence between the cases: militant workers make a liability of the state’s commitment to stability, thereby threatening the careers of officials, who must, as a consequence, demonstrate grit and creativity.
    [Show full text]
  • Download Article
    International Conference on Education, Management, Computer and Society (EMCS 2016) Research on the construction of Economic Belt along the East Longhai Li Yinguo Li Tingting School of Business Jiangsu Normal University School of Business Jiangsu Normal University XuZhou, China XuZhou, China E-mail: [email protected] E-mail: [email protected] Abstract—In order to make Jiangsu better into the national which lack of strong radiation capacity for nearby cities, strategy of “one belt and one road”, the economic thus the important measures are to improve the integrated development level of the northern Jiangsu should be development capability of Xuzhou, Lianyungang, and improved. The paper describes the current situation of expand the scope of radiation of the city, drive around the economic and social development of areas along the East county's economic development, strive to build cities and Longhai Economic Belt, and compares the economic belt towns along the east Longhai. along the East Longhai with the economic belt along the Firstly, the paper introduces the current situation of Yangtze River from different aspects. Although the social- economic and social development of the region along the economic development of the East Longhai Economic Belt east Longhai from five aspects, such as spatial structure, has some slight advantages, there is a big gap between the economic position, natural resources, transportation system economic belt along the East Longhai and the Yangtze River. The importance of the construction is to create a vibrant and cultural industries. Then, the paper compare the urban axis, and to improve the regional comprehensive economic belt along the east Longhai with the economic development capacity of Xuzhou and Lianyungang.
    [Show full text]
  • HPH TRUST Annual Report 2016
    Hutchison Port Holdings Trust Annual Report 2016 CROSSING NEW WAVES CONTENTS Corporate Milestones 004 Trust Profile 008 Corporate Structure 009 Portfolio Overview 010 Key Events 016 Letter to Unitholders 020 Board of Directors 022 Senior Management 028 Financial Review 032 Operational Review 034 Environmental, Social and Governance Report 038 Investor Relations 050 Corporate Information 051 Corporate Governance Report 052 Financial Contents 070 Statistics of Unitholdings 132 Notice of Annual General Meeting 134 Proxy Form 137 A MEMBER OF THE WORLD’S LEADING PORT NETWORK OF CK HUTCHISON HOLDINGS LIMITED OPERATING FROM A POSITION OF STRENGTH Our unrivalled operational excellence, strategic partnerships and global network ensure that we remain well placed to deliver on changing industrial trends, capitalise on global opportunities, and continue operating from a position of strength that has been built on hard work, innovation and foresight. 004 HUTCHISON PORT HOLDINGS TRUST ANNUAL REPORT 2016 CORPORATE MILESTONES JANUARY FEBRUARY MARCH YANTIAN BErth SAILS CMA CGM BENJAMIN through OFFICIAL ON- FRANKLIN MAKES SITE INSPECTION INAUGURAL CALL AT Yantian’s first berth at West Port YANTIAN Phase II passes an official on-site Measuring 399 metres long and 54 inspection and assessment conducted metres wide, and with a capacity of by the Port Office of Guangdong 18,000 twenty-foot equivalent units Province, affirming the effectiveness (“TEU”), the Benjamin Franklin is the of the port’s rigorous operating and largest vessel in CMA CGM’s fleet. It safety standards. is the first mega-vessel deployed in the shipping line’s US service and operates as part of CMA CGM’s Pearl River Express service.
    [Show full text]
  • TA Completion Report
    Completion Report Project Number: 48012-001 Technical Assistance Number: 9036 June 2020 People’s Republic of China: Strategy for Liaoning North Yellow Sea Regional Cooperation and Development This document is being disclosed to the public in accordance with ADB’s Access to Information Policy. In preparing any country program or strategy, financing any project, or by making any designation of or reference to a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area. TECHNICAL ASSISTANCE COMPLETION REPORT TA Number, Country, and Name: Amount Approved: $400,000.00 TA 9036-PRC: Strategy for Liaoning North Yellow Sea Regional Revised Amount: Not applicable Cooperation and Development Executing Agency: Source of Funding: Amount Undisbursed: Amount Used: Liaoning Provincial Department of TASF-other sources $3,862.88 $396,137.12 Finance TA Approval Date: TA Signing Date: TA Completion Date 14 December 2015 5 January 2016 Original Date: Latest Revised Date: 30 July 2017 28 February 2018 Financial Closing Number of Date: 21 May 2018 Extensions: 1 TA Type: Policy and advisory Description The Government of the People’s Republic of China (PRC) requested the Asian Development Bank (ADB) to provide a policy and advisory technical assistance (TA) to support its regional cooperation and integration (RCI) efforts and overall globalization strategy in the Northeast, PRC which was also a focus of central government revitalization measures.a,b RCI between provinces in the Northeast and neighboring regions of the Republic of Korea, Mongolia, and the Russian Federation on common development issues and policy coordination was also being facilitated by the Greater Tumen Initiative’s Northeast Asia Local Cooperation Committee.c Liaoning was one of three northeastern PRC provinces participating in the initiative and particularly well-placed to take part in and benefit from RCI and globalization.
    [Show full text]