Gearbulk ESGreport 2024 Paperturn - Flipbook - Page 49
ESG REPORT 2024
POTENTIAL AND ACTUAL IMPACTS
OUR ONGOING EFFORTS TO MANAGE THE IMPACT
Gearbulk is committed to applying high standards of business
Gearbulk is diligent in managing its impacts on human rights,
and personal ethics to detect, manage risks and address
recognising their signi昀椀cance across various sectors. The
adverse human rights impacts. It is the policy of Gearbulk
Company acknowledges the potential negative impacts stem-
to always comply with any applicable laws and regulations
ming from its activities and business relationships and is
including internationally recognised conventions regarding
dedicated to proactively addressing them.
the protection of human rights.
With robust policies in place to manage impacts from our
own activities, Gearbulk emphasises fair treatment, diversity,
and inclusion, implementing measures such as employee
training and due diligence on suppliers to prevent potential
negative impacts. In instances of actual negative impacts,
Gearbulk swiftly takes corrective action, cooperating with
stakeholders to address violations. Moreover, the organisation
actively cultivates a culture of respect and dignity to manage
potential positive impacts within its operations and supply
chain. Rigorous monitoring processes track the e昀昀ectiveness
of these actions, with lessons learned integrated into operational policies for continuous improvement. Engagement with
stakeholders ensures alignment with expectations, reinforcing
Gearbulk’s commitment to upholding human rights across
its operations.
Gearbulk’s comprehensive policy for Human Rights and
decent working conditions delineates principles and standards to uphold and safeguard human rights throughout its
operations. This policy articulates the guiding principles in
interactions with employees, contractors, suppliers, partners,
and impacted communities. Furthermore, Gearbulk upholds
our commitment to transparency by publishing the annual
accounts in compliance with the Transparency Act requirements. This account details the assessment of potential risks
and actions taken to mitigate them.
To manage the impact through business relationships Gearbulk implemented its third-party risk management policies
and procedures during 2024 and will continue our e昀昀orts to
ensure appropriate due diligence procedures are undertaken
to support our commitment.
Please refer to our website for more information.
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