Gearbulk ESGreport 2024 Paperturn - Flipbook - Page 22
GEARBULK
OTHER IMPORTANT METRICS
AER
(ANNUAL EFFICIENCY RATION)
EEOI
(ENERGY FFICIENCY
OPERATIONAL INDEX)
With the Greenhouse Gas Strategy towards 2050 for interna-
Our focus goes beyond absolute emissions 昀椀gures; we aim
tional shipping, the IMO has set the goal to reduce the total
to enhance transportation e昀케ciency for each unit of CO2
carbon emission by minimum 20% for the next decade up
emitted. Our key metric, the Environmental E昀케ciency Opera-
to 2030, by minimum 70 by 2040 and by being Net Zero in
tional Index (EEOI), ensures a consistent year-on-year compar-
2050. The GHG Strategy was approved by the IMO in 2018
ison, accounting for changes in 昀氀eet activity. The denominator
and revised in 2023. The reduction rates are related to the
of EEOI represent the total transport work (sum of cargo
baseline of 2008. One of the measures implemented by the
weight x distance per voyage). It re昀氀ects our commitment to
IMO to achieve the goal is the Carbon Intensity Indicator (CII),
voyage energy e昀케ciency, where advancements in emission
which is a measure of how e昀케ciently a ship transports goods.
reduction and operational e昀케ciency positively in昀氀uence the
This is referred to as the Annual E昀케ciency Ration (AER) and
score. This strategy aligns with our ongoing dedication to
is calculated on a ship-by-ship basis. The denominator of
continually maximise the environmental e昀케ciency of our
the AER calculation is the product of a vessel’s deadweight
operations.
tonnage, and the distance sailed during the reporting period.
Gearbulk has adopted reporting of the AER in accordance
with the IMO goals, and to represent this in the ESG report,
the 昀氀eet average has been calculated. Only Owned vessels
are included.
2023
Change from
Base Year
2023
Change from
Base Year
nm
3,759,140
1%
3,555,347
-4%
Fuel cons
mt
352,802
-6%
341,807
-9%
AER (Scope 1)
ton CO2/ DWT*nm
5.1
-3.77%
5
-5.66%
AER (Scope 3)
ton CO2/ DWT*nm
5.61
-2.94%
5.64
-2.42%
EEOI
ton CO2/ mil t*nm
10.39
-0.1%
n/a
n/a
Other metrics
Equation
Nautical mile
22
PART 2 – ENVIRONMENT
