Gearbulk ESGreport 2024 Paperturn - Flipbook - Page 75
ESG REPORT 2024
POTENTIAL AND ACTUAL IMPACTS
OUR ONGOING EFFORTS TO MANAGE THE IMPACT
Gearbulk’s impact on supply chain management extends far
At Gearbulk, e昀昀ective supply chain management utmost
beyond mere 昀椀nancial transactions; it profoundly in昀氀uences
important. We meticulously assess both actual and poten-
both economic dynamics and environmental considerations
tial impacts across the economy, environment, and people,
within the local communities where it operates. Through
including human rights considerations, ensuring transparency
its procurement activities, Gearbulk engages with a diverse
by reporting any involvement in negative impacts arising
array of suppliers worldwide, contributing to their 昀椀nancial
from our activities or business relationships. Our supply
stability and growth. This ripple e昀昀ect encompasses various
chain management policies prioritise responsible sourcing,
facets, including job creation, economic development, and
environmental stewardship, and upholding human rights.
tax contributions, which play pivotal roles in shaping the socioeconomic landscape of these communities. Additionally,
Proactively, we implement a supplier code of conduct, conduct
Gearbulk’s operations leave a tangible environmental foot-
regular audits, and swiftly address any negative impacts in
print, encompassing aspects such as pollution and resource
collaboration with stakeholders. Furthermore, we actively
consumption. For instance, the transportation of goods via
manage positive impacts by engaging with local communities,
Gearbulk’s vessels may result in emissions and other envi-
promoting sustainable practices, and continuously tracking
ronmental impacts, a昀昀ecting air and water quality. Therefore,
progress using de昀椀ned processes and indicators. Through
Gearbulk acknowledges its responsibility to manage these
stakeholder engagement, we ensure our actions align with
impacts responsibly, striving to minimize environmental harm
expectations, aiming for e昀昀ective supply chain management
through sustainable practices and continuous improvement
that mitigates risks and maximizes positive impact, re昀氀ecting
initiatives within its supply chain management framework. By
our commitment to responsible and sustainable practices
addressing both economic and environmental aspects, Gear-
at Gearbulk.
bulk aims to foster positive outcomes for both its suppliers
and the communities in which they operate, re昀氀ecting its
commitment to ethical and sustainable supply chain practices.
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