Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 43
INTEGRATED REPORT 2024
THE EFFECTS ON THE ENVIRONMENT AND RELIANCE
ON NATURAL RESOURCES ARE GROWING
The global impact of climate change
is becoming increasingly evident,
with far-reaching consequences for
businesses, including ours. As environmental pressures intensify due to
a growing population and resource
demands, industries worldwide face
signi昀椀cant challenges.
to ensure long-term value creation, resilience, and the sustain-
Extreme weather events such as droughts, 昀氀oods, and rising
• Evaluating Carbon Capture technologies
sea levels disrupt supply chains, port operations, and vessel
• Evaluation other technologies to support our e昀昀orts
ability of the environments in which we operate, aligning
with our commitment to responsible corporate stewardship.
Our Strategic Response
Gearbulk is constantly working together with stakeholders
to reduce possible negative impacts our organisation might
have on the environment. The initiatives include the following:
• Carbon Intensity awareness to reduce our carbon footprint
• Evaluating, testing and installing energy saving devices to
reduce the Carbon emission
• High quality Anti-fouling strategy to improve the vessel
performance
e昀케ciency. Additionally, concerns over waste management,
biodiversity loss, and shifting regulatory landscapes create
Capitals Impacted
昀椀nancial and operational risks. For our business, adapting to
these changes is crucial to ensuring resilience, maintaining
compliance, and contributing to a more sustainable future.
Outcomes
As these trends continue, businesses and regulators are
working together to mitigate a wide range of adverse
Social and
Relationship
Capital
Natural
Capital
impacts. Our response to these challenges has been proactive, driving meaningful change in our operations. Through
strategic adjustments, we are enhancing operational e昀케ciency, strengthening compliance measures, and integrating
sustainable practices across our business. These e昀昀orts aim
43
