Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 42
GEARBULK
GEOPOLITICAL & REGULATORY FACTORS ON
A CONTSTANT CHANGE
Staying informed on constant regulatory changes remains a signi昀椀cant
challenge in our industry, especially
amid the rapid evolution of compliance requirements.
Our Strategic Response
We remain committed to compliance, recognising its substantial
in昀氀uence on our business and will continue the work that has
been done in 2024.
Through our ESG, Compliance and Whistleblowing Committees,
we will continue to remain vigilant on material risks that a昀昀ect
our organisation and ensure our controls support reducing the
Additionally, trade policies and sanctions continue to shape global
risks . Our dedication to compliance aligns with our overarching
shipping operations, requiring careful navigation to mitigate risks and
strategy to strengthen our policies and procedures in response
maintain business continuity. Political instability and con昀氀icts further
to evolving regulatory landscapes.
add to the complexity, a昀昀ecting supply chains and operational security. Upholding principles of ethical business practices is crucial in this
Capitals Impacted
environment, ensuring we demonstrate good corporate citizenship
while adapting to shifting regulations and geopolitical landscapes.
Outcomes
With the ongoing standardization of sustainability issues and
reporting, we anticipate a consistent stream of regulatory changes
Manufactured
Capital
driven by legislation surrounding non-昀椀nancial reporting. This
legislative focus is integral to global initiatives aimed at mitigating
adverse business impacts. As regulatory mandates evolve, we
are actively reviewing and adjusting our policies and procedures
to ensure compliance and alignment with best practices. Additionally, we continue to enhance and strengthen our governance structures, reinforcing our commitment to transparency,
accountability, and ethical business practices. The emphasis
on embedding good corporate governance remains a primary
objective across all aspects of our operations.
42
PART 2 – OUR BUSINESS IN CONTEXT
Natural
Capital
Human
Capital
