CNOOC Limited Unveils Its 2024 Environmental, Social and Governance Report
and the development of two offshore Carbon Capture Utilization and Storage (CCUS) bases in Bohai and Hainan. The strategic use of digital solutions is transforming their operations, evidenced by the completion of innovative intelligent oil fields and a marked increase in the automation of offshore platforms.
Another critical pillar of CNOOC Limited's ESG strategy is ecological preservation. The company complies rigorously with environmental regulations across various jurisdictions and upholds a dual commitment to ecological conservation and resource development. It seeks to optimize energy resource management while guaranteeing environmental protection throughout all operational phases.
To raise public awareness on environmental issues, CNOOC organizes various initiatives aimed at preserving biodiversity and enhancing public perception of ecological stewardship. In 2024 alone, the company contributed to approximately 30 ecological restoration and compensation projects, showcasing its commitment to maintaining the balance between operational success and ecological integrity.
CNOOC Limited recognizes its role as a responsible corporate entity, striving to maximize its positive social impact. The company not only shares its achievements with employees, stakeholders, and partners but is also proactive in addressing stakeholder concerns. CNOOC has consistently received top marks in transparency assessments, highlighting its dedication to open communication.
As part of their corporate social responsibility framework, the company is advancing community development initiatives and improving supply chain management to establish a cooperative and sustainable ecosystem. This effort includes partnerships with small and medium-sized enterprises and programs aimed at local talent development, such as initiatives in Uganda acknowledged for their impact on poverty reduction.
In 2024, CNOOC created over 22,000 job opportunities and has actively participated in various community support programs, contributing RMB133.12 million towards donations and public welfare, with a significant portion allocated for rural revitalization.
CNOOC Limited's insights into its 2024 ESG report reflect a corporate ethos committed to reducing its environmental footprint while enhancing social responsibility and transparency. The company's chairman, Wang Dongjin, has expressed confidence in their strategies moving forward. He highlighted the importance of both challenges and opportunities that lie ahead, reaffirming the company’s commitment to excellence in governance, innovative resource supply, and value creation.
As CNOOC continues to strive for high-quality development, they aim not only to fulfill shareholder expectations but also to contribute significantly to economic and social progress in the regions they operate. The amalgamation of corporate responsibility, environmental conscience, and community engagement positions CNOOC as a leader in the evolution of sustainable practices in the energy sector.
Ecological Protection Initiatives
Another critical pillar of CNOOC Limited's ESG strategy is ecological preservation. The company complies rigorously with environmental regulations across various jurisdictions and upholds a dual commitment to ecological conservation and resource development. It seeks to optimize energy resource management while guaranteeing environmental protection throughout all operational phases.
To raise public awareness on environmental issues, CNOOC organizes various initiatives aimed at preserving biodiversity and enhancing public perception of ecological stewardship. In 2024 alone, the company contributed to approximately 30 ecological restoration and compensation projects, showcasing its commitment to maintaining the balance between operational success and ecological integrity.
Social Contributions and Corporate Responsibilities
CNOOC Limited recognizes its role as a responsible corporate entity, striving to maximize its positive social impact. The company not only shares its achievements with employees, stakeholders, and partners but is also proactive in addressing stakeholder concerns. CNOOC has consistently received top marks in transparency assessments, highlighting its dedication to open communication.
As part of their corporate social responsibility framework, the company is advancing community development initiatives and improving supply chain management to establish a cooperative and sustainable ecosystem. This effort includes partnerships with small and medium-sized enterprises and programs aimed at local talent development, such as initiatives in Uganda acknowledged for their impact on poverty reduction.
In 2024, CNOOC created over 22,000 job opportunities and has actively participated in various community support programs, contributing RMB133.12 million towards donations and public welfare, with a significant portion allocated for rural revitalization.
Conclusion: A Path Forward
CNOOC Limited's insights into its 2024 ESG report reflect a corporate ethos committed to reducing its environmental footprint while enhancing social responsibility and transparency. The company's chairman, Wang Dongjin, has expressed confidence in their strategies moving forward. He highlighted the importance of both challenges and opportunities that lie ahead, reaffirming the company’s commitment to excellence in governance, innovative resource supply, and value creation.
As CNOOC continues to strive for high-quality development, they aim not only to fulfill shareholder expectations but also to contribute significantly to economic and social progress in the regions they operate. The amalgamation of corporate responsibility, environmental conscience, and community engagement positions CNOOC as a leader in the evolution of sustainable practices in the energy sector.
Topics Energy）
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