Gearbulk ESGreport 2024 Paperturn - Flipbook - Page 15
ESG REPORT 2024
POTENTIAL AND ACTUAL IMPACTS
OUR ONGOING EFFORTS TO MANAGE THE IMPACT
The predominant emissions within our value chain are cate-
Gearbulk proactively manages climate change due to our
gorized as direct emissions or Scope 1
signi昀椀cant actual and potential impacts on the economy, envi-
emissions, originating primarily from the vessels we own.
ronment and people, including adverse e昀昀ects on ecosystems,
These vessels utilize heavy fuel oil and
economies and human rights. The Company meticulously
marine gas oil, resulting in emissions of Carbon Dioxide (CO2),
assesses its activities and business relationships to identify
Sulphur Oxides (SOx) and Nitrogen
any contributions to climate change, such as greenhouse gas
Oxides (NOx). Additionally, decreased amounts of Methane
emissions from the 昀氀eet or indirect impacts through supply
(CH4) and Nitrous Oxide (N2O), Carbone Monoxide (CO),
chain activities.
Volatile Organic compound (VOC) and Particulate matter
(PM) are released.
Gearbulk has established policies and commitments
regarding climate change, aiming to reduce its carbon foot-
CO2, identi昀椀ed as a primary catalyst for climate change,
print and contribute to global e昀昀orts to mitigate climate
represents a critical global challenge, necessitating concerted
change. To prevent negative impacts, Gearbulk implements
e昀昀orts for reduction. Although NOx and SOx are not classi昀椀ed
measures such as fuel e昀케ciency improvements, adopts new
as greenhouse gases, they adversely impact air quality, habi-
technologies, and optimizes operational planning to minimize
tats and human health. Despite shipping being acknowledged
emissions. In cases of actual negative impacts, Gearbulk takes
as one of the most energy-e昀케cient mass transport modes,
corrective action, cooperating with regulatory bodies and
the substantial volumes of CO2, NOx, and SOx emitted by
stakeholders to mitigate and remediate environmental harm.
the industry underscore the signi昀椀cance of our emissions.
Furthermore, the Company seeks to manage potential positive
impacts by investing in sustainable practices and technologies
that contribute to climate change mitigation and adaptation. Gearbulk tracks the e昀昀ectiveness of its actions through
monitoring processes, setting goals, targets, and indicators
to evaluate progress. Lessons learned
from this tracking are integrated into operational policies
and procedures to enhance climate change management
practices continually.
Additionally, Gearbulk engages with stakeholders to gather
feedback and insights, ensuring that our actions align with
stakeholder expectations and contribute e昀昀ectively to climate
change mitigation e昀昀orts. Through these comprehensive
approaches, Gearbulk demonstrates its commitment to environmental sustainability and responsible business practices
in the face of climate change challenges.
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