Gearbulk ESG Report 2023 - Report - Page 21
ESG REPORT 2023
SCOPE 3
INDIRECT EMISSIONS:
CARBON DIOXIDE
Scope 3 emissions relate primarily to the emissions generated
Business travel
from the vessels we charter to our Joint Venture companies
Gearbulk has established an internal travel hub/ resource
G2 Ocean and High Heat Tankers.
centre to manage travel requests. Emissions from business
travel are therefore gathered from travel that has been
For 2023 reporting, we have also included emissions from
registered and approved within this platform. In 2023 total
business travel and will continue to improve completeness
emissions from business travel equalled 7,314 mt which is
of this reporting by further including additional categories as
an increase from 2022. The main driver is due to business
de昀椀ned under the GHG Protocol. We have increased e昀昀orts
returning to normal after the COVID-19 Pandemic. However,
not only to gather information for reporting our emissions
we are committed to reducing our impact and only essential
but also to automate the process of calculating emissions
business travel which cannot be conducted via our digital
generated from our operations.
platform is permitted.
Purchased goods and services
Downstream leased assets
During 2023, resources have been allocated to research plat-
As part of our business model, vessels owned and deployed to
forms which can support our reporting ambition. We aim to
our Open Hatch business are chartered to our Joint Venture
report on emission generated from purchased Goods and
G2 Ocean and our liquid pitch vessels are chartered to our
Services in 2024.
Joint Venture High Heat Tankers. During 2023 total emissions
relating to these assets equalled 1,029,301 mt which is a
decrease of 5%.
Category 6: Business travel
Unit
2022
Change from
Base Year
2023
Change from
Base Year
CO2e
tCO2e
5,630
43%
7,314
85%
Category 13: Downstream leased assets
Unit
2022
Change from
Base Year
2023
Change from
Base Year
CO2
tCO2e
1,035,835
-4%
1,029,301
-5%
HFC
tCO2e
2,426
-70%
3,701
-55%
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