Gearbulk ESGreport 2024 Paperturn - Flipbook - Page 27
ESG REPORT 2024
POTENTIAL AND ACTUAL IMPACTS
OUR ONGOING EFFORTS TO MANAGE THE IMPACT
Waste generation within the shipping industry has wide-
Gearbulk demonstrates proactive pollution management by
ranging implications, impacting operational e昀케ciency, envi-
acknowledging its potential adverse e昀昀ects on the economy,
ronmental sustainability, and regulatory adherence. Excessive
environment, and human rights. The company evaluates
waste production not only drives up operational costs but
its operations and business partnerships to identify any
also escalates the risk of marine pollution if not responsibly
involvement in negative impacts and takes steps to prevent
managed. Failure to recycle waste results in its deposition in
or mitigate them.
land昀椀lls, signi昀椀cantly harming the environment.
Gearbulk has instituted robust policies and commitments
All waste reported pertains to waste generated from our
concerning pollution management, which include upstream
own operations. Within Gearbulk, various waste categories
actions and processes such as adherence to supplier code of
are pertinent, including vessel components (post-recycling),
conduct, procurement policies and procedures, ship recycling
maintenance-related parts, onboard consumables, and o昀케ce
policies and procedures, and third-party risk management
waste. All waste onboard vessels undergoes thorough cate-
policies and procedures. These measures underscore the
gorization and disposal in compliance with relevant legisla-
company’s dedication to environmental sustainability and
tion. However, when waste is transferred ashore for disposal
regulatory compliance. Gearbulk has also implemented
by third parties, Gearbulk lacks oversight, relying solely on
downstream actions and process to e昀昀ectively manage
reports received during ship recycling, which could potentially
pollution, Gearbulk employs strategies such as adopting
impact the environment.
eco-friendly technologies, complying with emission control
standards, and investing in pollution prevention initiatives.
The company evaluates the e昀昀ectiveness of these measures
through rigorous monitoring processes, establishing goals,
targets, and indicators to gauge progress. Insights gleaned
from this monitoring inform updates to operational policies
and procedures, facilitating continual enhancement of pollution management practices.
Moreover, Gearbulk actively engages with stakeholders to
solicit feedback and insights, which inform its actions and
e昀케cacy assessments. This ensures alignment with stakeholder expectations and regulatory mandates. Through
these comprehensive approaches, Gearbulk underscores
its commitment to responsible pollution management and
sustainable shipping practices.
27
