Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 122
GEARBULK
INTELLECTUAL CAPITAL
YEAR
IN REVIEW
Enhancing our governance
Delivering on cyber security measures
Establishing a compliance and governance consistent struc-
E昀케cient management of cybersecurity risks is imperative
ture contributes to Gearbulk’s long term success and sustain-
within the integrated reporting framework as it safeguards
ability strategy. Gearbulk’s reputation, 昀椀nancial standing and
the uninterrupted 昀氀ow of information globally and secures
employees’ commitment can be signi昀椀cantly impacted by
the integrity of supply chains. Cyber-attacks pose consider-
illegal, unfair and unethical practices. To maintain compliance
able threats, capable of causing severe economic damage. By
awareness alive, practical processes and controls have been
proactively addressing cybersecurity risks, we fortify our intel-
created and are regularly reassessed to make sure the highest
lectual capital, ensuring resilience against potential disrup-
standards of corporate governance are observed.
tions and reinforcing trust in our operations. This strategic
approach not only protects our organisation’s assets but
In 2024, under the oversight of the Compliance Committee,
also contributes to the sustainability and reliability of global
Gearbulk conducted a comprehensive review of its Anti-
information exchange networks.
Bribery and Corruption Policy. Gearbulk also launched two
new video training modules on ABC and Whistleblowing, in
Gearbulk is a member of NORMA (Norwegian Maritime Cyber
alignment with its compliance improvement strategy.
Resilience Centre), an NGO with Joint E昀昀ort between Den
Norske Krigsforsikring for Skib (DNK) and the Norwegian
Practicing data driven management
Shipowners’ Association.
E昀昀ective utilisation of intellectual capital through data-driven
management practices enhances operational e昀케ciency within
This membership supports Gearbulk in its ambition with
our shipping operations. By harnessing data analytics, we
regular updates from the membership.
optimise routes, minimize fuel consumption, and improve
delivery times, thereby not only reducing operational costs
Additionally, Gearbulk is dedicated to fostering a culture
but also mitigating the environmental footprint of our ship-
of privacy to uphold the integrity and security of the data
ping activities. This strategic integration of intellectual capital
processed throughout the Company.
enables us to make informed decisions that drive sustainable
value creation while aligning with our commitment to environmental stewardship within the framework of the Integrated
Reporting.
122
PART 4 – HOW WE CREATE VALUE
