OOCL meets GHG scopes 1-3 inventory verification requirements

OOCL announced that it achieved to meet the GHG Scopes 1 and 2 inventory verification requirements that it announced last year, in addition to Scope 3, which focuses on indirect emissions associated to air travel by employees of its Hong Kong office and defined in the “Greenhouse Gas Protocol – A Corporate Accounting and Reporting Standard”.

As explained, OOCL has further strengthened its Environmental, Social and Governance (ESG) initiatives to reduce emissions from its operations, while also meeting the increasingly stringent regulatory requirements in the industry. With its latest Scope 1, 2 and 3 verification status, OOCL is already well positioned in meeting all the ESG disclosure requirements for listed companies in Hong Kong towards the 2017 reporting year.

Verified by Lloyd’s Register, this is the fourth consecutive year that OOCL has achieved dual reporting standards through the use of Clean Cargo Working Group (CCWG) and ISO 14064-1:2006 verification tools to ensure that OOCL’s data disclosure is transparent, accurate, complete, consistent and relevant.

    “The establishment of our GHG inventory and the adoption of internationally-recognized verification standards demonstrate our commitment to sustainability in the global supply chain and best practices in the industry,” said Mr. Stephen Ng, Director of Trades of OOCL. “Looking forward, we will continue to progressively enhance our ESG works to meet the evolving needs of our stakeholders and to systematically establish our Sustainable Development Goals (SDG) to tackle the ever-increasing challenges in the global environment across industries.”