Gearbulk ESGreport 2024 Paperturn - Flipbook - Page 21
ESG REPORT 2024
SCOPE 3
INDIRECT EMISSIONS:
CARBON DIOXIDE
Scope 3 emissions relate primarily to the emissions generated
Business travel
from the vessels we charter to our Joint Venture companies
Gearbulk has established an internal travel hub/ resource
G2 Ocean and the High Heat Tankers vessels managed by
centre to manage travel requests. Emissions from business
Gearbulk.
travel are therefore gathered from travel that has been
registered and approved within this platform. In 2024 total
For 2024 reporting, we have also included emissions from
emissions from business travel equalled 4,168 mt which is an
business travel and will continue to improve completeness
increase of 6% from the base year. The main driver is due to
of this reporting by further including additional categories as
more travelling and correcting the methodology of calculated
de昀椀ned under the GHG Protocol. We have increased e昀昀orts
emissions from our crew travel. We remain committed to
not only to gather information for reporting our emissions
reducing our impact and only essential business travel which
but also to automate the process of calculating emissions
cannot be conducted via our digital platform is permitted.
generated from our operations. But due to data limitations,
we are currently unable to isolate and quantify the emissions
Downstream leased assets
reductions resulting from our initiatives.
As part of our business model, vessels owned and deployed
to our Open Hatch business are chartered to our Joint Venture
Purchased goods and services
G2 Ocean and the liquid pitch vessels are managed by Gear-
During 2024 resources were allocated to research platforms
bulk. During 2024 total emissions relating to these assets
which can support our reporting ambition. We aim to report
equalled 1,093,142 mt which is an increase of 1%.
on emission generated from purchased Goods and Services
in 2025.
Category 6: Business travel
Unit
2023
Change from
Base Year
2024
Change from
Base Year
CO2e
tCO2e
7,315
85%
4,168
6%
Category 13: Downstream leased assets
Unit
2023
Change from
Base Year
2024
Change from
Base Year
CO2
tCO2e
1,029,301
-5%
1,093,142
1%
HFC
tCO2e
3,701
-55%
4,319
-48%
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