Gearbulk ESGreport 2024 Paperturn - Flipbook - Page 65
ESG REPORT 2024
1
63%
ACTUAL ABC RELATED EVENT
SHORE EMPLOYEES
0
65%
100%
LEGAL CASES AND
TERMINATIONS
CREW OFFICERS
POTENTIAL INCIDENTS
REPORTED TO MACN
TARGET: 0
TRAINED ON ANTI-BRIBERY
AND ANTI-CORRUPTION
TARGET: 100%
TARGET: 100%
One ABC case has been reported
Our ABC policy has been recently
Gearbulk is a member of the Maritime
during a port call in Argentina.
reviewed to provide clear guidance in
Anti-corruption Network (MACN) and
relation to bribery and corruption topics.
cooperate with like-minded industry
Nil dismissal or disciplinary action to
companies to promote compliance
employees in connection to corruption
Crew and shore employees shall take
with anti-corruption laws and eliminate
practices.
mandatory training on anti-corruption
corrupt practices.
principles and risks considering their
Nil incidents with active vendors
speci昀椀c activities.
related to corruption.
Currently, the MACN organization is
the ABC industry reference to over 221
Crew also receive anti-corruption guid-
companies globally and is still growing.
Nil legal cases regarding corruption
ance regularly through emails and quar-
MACN has at least two meetings each
have been brought against the organ-
terly SEQ Bulletins.
year, and Gearbulk’s representa-
isation nor its employees.
tives have participated in meetings
At the end of 2024, 63% of shore employees
held since 2018. MACN encourages
and 65% of crew o昀케cers had successfully
members to report any actual or
completed Gearbulk ABC training. The
suspected corruption incidents so that
decrease in the completion rate, when
MACN can focus combating initiatives
comparing to 2023, can be attributed to the
in areas with increased risks.
expiration of previous compliance training
taken by shore employees.
All occurrences to date have been
reported to MACN.
In 2024, Gearbulk launched two new
video training modules on ABC and
Whistleblowing, in alignment with its
compliance improvement strategy.
Gearbulk also promoted a presentation by the MACN to selected o昀케cers in
2024, boosting awareness on the costs
of corruption to the maritime industry
and overall society.
In 2025, Gearbulk, will develop additional controls to monitor the continuous mandatory review of ABC and other
compliance trainings.
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