The program was designed to reinforce and continually improve MOL's environmental protection activities. MOL EMS 21 is based upon the "Plan-Do-Check-Action" (PDCA) cycle outlined in ISO14001:

Plan:

MOL will evaluate the impact that its marine transportation services and its Head Office's activities may have on the environment. As set forth in its environmental policy statement, MOL will establish mid-term and yearly targets. Each division and/or office will then set its own targets and its operation schedule.

Do:

Each division and/or office will implement the plans to achieve mid-term and yearly targets.

Check:

Each division and/or office will undergo a yearly internal audit to monitor their progress. Action: Activity results will be reviewed by MOL's Environment Committee, and then reported to the company's Executive Committee. The environmental policy and the system may be revised as necessary.

Some MOL's Environmental Targets for 2001:

PROTECTING THE MARINE ENVIRONMENT:

TBT (tributyle tin) anti-fouling paints: In advance of regulations, 10 MOL-operated vessels have been scheduled for dry-docking during fiscal 2001 to be sandblasted and repainted with TF (tin-free) paint. Ballast water: MOL will conduct research and development aimed at finding the most effective way to manage ballast water, and will keep concerned companies and divisions informed of international developments in this area.

PREVENTION OF AIR POLLUTION:

Ozone layer protection: Reduce the number or refrigerated containers using CFCs (R-12) by 30%. CO2: Reduce CO2 emissions per unit load by 1% from the previous year.

ENERGY CONSERVATION AND WASTE REDUCTION:

Solid waste reduction at the Head Office: Sort trash into separate combustibles, bottles, cans, plastics, batteries etc. to promote recycling.

CONSERVATION OF RESOURCES:

Reduce the volume of paper used at the Head Office by 3% from the previous year.

ENERGY CONSERVATION:

Reduce electric power use at the Head Office by 1% from the previous year.

SOCIAL CONTRIBUTIONS:

Continue to cooperate in marine research including measurement of sea surface temperatures and monitoring of aerosol concentrations and CO2 in the atmosphere.

IN-HOUSE ENVIRONMENTAL TRAINING:

In-house environmental training and public relations: Carry out employee training on environmental issues, and participate in external training courses.