Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 65
INTEGRATED REPORT 2024
FLEET RENEWAL STRATEGY
INTITIATIVES SUPPORTING OUR STRATEGY
Our 昀氀eet renewal strategy prioritises e昀케ciency, compliance,
While 昀氀eet renewal, fuel e昀케ciency improvements, and new
and competitiveness by replacing aging vessels with modern,
technology adoption are essential for staying competitive
fuel-e昀케cient ships. As vessels age, they become less e昀케cient,
and reducing our climate impact, this core strategy alone is
more expensive to operate, and may struggle to comply with
not enough to achieve our vision of becoming the preferred
stricter emission regulations. By investing in new or modern
ocean transportation partner. To drive meaningful progress,
second-hand vessels, companies can enhance sustainability,
we have identi昀椀ed 昀椀ve key initiatives through our double
optimize performance, and strike a balance between capital
materiality assessment:
investment and operational needs.
• Reducing environmental impacts such as pollution,
• Enhancing Health and Safety standards
ENVIRONMENTAL STRATEGY
• Investing in Human Capital,
Our environmental strategy focuses on reducing emissions
• Strengthening Governance, and
by enhancing fuel e昀케ciency and integrating new technologies
• Advancing Digital Transformation.
across our 昀氀eet. We are committed to upgrading our vessels
with advanced solutions to support our ambition of lowering
These initiatives will ensure a holistic approach to sustain-
emissions while ensuring compliance. As we transition to
ability, fostering long-term operational excellence, regula-
cleaner fuels, we aim to further minimise our environmental
tory compliance, and industry leadership while meeting the
footprint. Additionally, by enhancing real-time monitoring and
evolving expectations of our stakeholders.
predictive maintenance, we can maximise e昀케ciency and ultimately reduce our environmental impact, keeping us aligned
For more information on our initiatives please refer to our
with global sustainability goals.
ESG report.
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