On July 31, 2008, COSCO held a press conference in Beijing at which COSCO published the Sustainable Development Report 2007. This event demonstrates again COSCO Group's commitment to the fulfillment of the Global Compact and corporate social responsibilities. Vice President Li Jianhong presided over the press release and Bjorn K. Haugland, Vice President of Det Norske Veritas (DNV), spoke of the auditing opinions. Peng Huagang, Director of the Research Office of the State-owned Assets Supervision and Administration Commission of the State Council, Song Dexing, Department Chief of the Ministry of Communications, Ms. Chen Ying, member of the United Nations Global Compact Board, Ms. Liu Meng, Senior Advisor at the United Nations Global Compact Office, and Li Kejun, President of China Classification Society delivered congratulating speeches. Capt. Wei Jiafu announced the formal release of the Report and expressed his thanks to all the supporting parties. Many organizations home and abroad, COSCO's customers, suppliers, strategic partners and the media were also present.
 
The leaders and guests spoke highly of the Report. They also appreciated the progress COSCO has made implementing the Global Compact, fulfilling its social responsibilities, and constructing the sustainable development management system. Det Norske Veritas (DNV) and the Global Compact Promotion Office under the China Enterprise Confederation have reviewed the sustainable development report as the third parties.

Capt. Wei Jiafu declared that COSCO would publish sustainable development report every year.