Global Compact agreement with Cosco

DNV has signed an agreement with Cosco, the world?s largest shipowner. Under their Memorandum of Understanding (MOU), DNV will provide services to support Cosco?s sustainable business developments under the United Nations Global Compact.

The programme will cover the ten core principles of the United Nations Global Compact initiative (see link) which was established by UN Secretary-General Kofi Annan in 1999.

The Global Compact is supported by over a thousand companies and international labour and civil society organizations around the world.

“This work will equip both Cosco and DNV with a shared understanding of the Cosco risk picture,” said Bjorn K.Haugland DNV Maritime?s regional manager for Great China. “This should provide a great opening for DNV to identify opportunities to provide a wide range of services to Cosco.”

The agreement was signed after Henrik O. Madsen granted three certificates, recognizing Cosco?s modern enterprise management system. The three certificates are for:

ISO 9000 quality management system

ISO14000 environment management system

OHSAS18000 occupational health and safety management system

It made the company the first state-owned enterprise in China to receive all three certificates at the same time.