Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 52
GEARBULK
TOP 10
RISKS
OUR STRATEGIC PILLARS
ENABLE the green, blue and
DEVELOP our organization
circular economies
and human capital
TRANSFORM our business
SUSTAIN our business for
through innovation
the future
1 CLIMATE CHANGE
2 FREIGHT RISK
Risk Description
Regulatory requirements together with
decarbonization becoming a critical topic
across all industries, Gearbulk[s operations
could be affected if action is not taken
across the supply chain.
The freight market can be extremely
volatile and can impact the Group’s
overall pro昀椀tability and earnings to a
large extent.
Impact on value
High emissions generated from our organization has a direct impact on noncompliance, reputational damage due to pollution
and additional costs such as taxes impacting
our value.
Operational losses impact value as
earning are not su昀케cient to cover operational costs incurred.
A joint decarbonisation forum has been set
up with our Joint Ventures to drive decarbonisation on the vessels . Various fuel
types has been considered and a decarbonisation roadmap with target setting is
work in progress.
The business model of Gearbulk together
with hedging and targets on operational
costs supports the organisation to at
least achieve break even rates.
Gearbulk can gain a competitive edge by
adopting sustainable shipping solutions,
improving fuel e昀케ciency, and collaborating
on emissions reduction. Proactive action
ensures compliance, enhances reputation,
and unlocks new business opportunities
and incentives.
Freight risk offers opportunities to
enhance operational e昀케ciency, reduce
costs, strengthen partnerships, and drive
sustainable growth in our competitive
industry.
Capitals impacted
Mitigation strategies
Strategic pilar
Opportunities
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PART 2 – OUR BUSINESS IN CONTEXT
