Mitsui O.S.K. Lines, Ltd. has announced the publication of its Annual Report 2016 on July 29, and Safety, Environmental and Social Report 2016 on August 5.
The Annual Report 2016, under the title of "Reinvent," explains the MOL Group's management strategies, by which it aims to optimize its business portfolio even under a continuing severe market environment and return to the growth path. It also provides a detailed look at the Business Structural Reforms, for which the group recorded substantial related expenses in the previous year, and the background for these measures, and an outline of the single-year management plan that the entire group is going all-out to achieve. A special feature of this year's report is a dialogue between MOL President & CEO Ikeda and investment and securities analysts, providing an even greater degree of transparency.
The Safety, Environmental and Social Report 2016 proactively discloses the MOL Group's initiatives on environment, society, and governance (ESG). This year's report contains special features on the materiality (issues to address) that the group should emphasize in these areas. The safe operation and environment sections, explain MOL's use of ICT and features a dialogue with an environmentally advanced company, while the human resources development section explains the group's initiative to establish a new maritime academy in the Philippines.