Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 118
GEARBULK
LOOKING BEYOND
Continue our supply chain management strategy
Strengthen our commitment to Corporate
Gearbulk is committed to a strong supply chain management
Social Responsibility
strategy that ensures regulatory compliance and actively
Our commitment to corporate social responsibility remains
reduces negative impacts on the Environment, Social, and
unchanged. Looking ahead to 2025, we are making this a
Governance (ESG) aspects, including Human Rights. With new
concrete priority. With our recent integration into MOL,
software to identify strategic partnerships, we can enhance
we now have an opportunity to align our CSR e昀昀orts with
our e昀昀orts to mitigate these impacts.
MOL’s broader initiatives while still developing a strategy
that re昀氀ects our unique operational footprint and values. By
We are analysing our suppliers based on risk assessments
exploring areas where our contributions can complement
and implementing tailored due diligence for high and medi-
MOL’s existing programs, we aim to maximize our impact
um-risk suppliers. Our risk management system streamlines
and identify opportunities for collaboration.
third-party assessments and strengthens our documentation
processes.
As we move forward, we will take a demand-driven approach,
fostering continuous dialogue with local communities to
We are focused on sourcing sustainable products and
better understand their evolving needs. Our future CSR contri-
services, exploring alternative providers, and assessing miti-
butions will extend beyond 昀椀nancial support, focusing on
gation factors that can reduce our impact on the environment
skills development, social advancement, and environmental
and society.
awareness—creating lasting bene昀椀ts for the communities
we serve.
Moving forward, we will optimise our supply contracts not
only to ensure cost e昀케ciency but also aligning with our
Through this renewed focus, we rea昀케rm our dedication
sustainability e昀昀orts. Through these initiatives, Gearbulk
to corporate social responsibility and sustainable growth,
aims to improve supply chain resilience and sustainability
ensuring that our e昀昀orts align both with our company’s vision
while minimising negative impacts.
and the broader mission of MOL.
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PART 4 – HOW WE CREATE VALUE
