Gearbulk ESG Report 2023 - Report - Page 22
GEARBULK
OTHER IMPORTANT METRICS
AER
(ANNUAL EFFICIENCY RATION)
EEXI
(EFFICIENCY EXISTING SHIP INDEX)
With the Greenhouse Gas Strategy towards 2050 for interna-
Our focus goes beyond absolute emissions 昀椀gures; we
tional shipping, the IMO has set the goal to reduce the total
aim to enhance transportation e昀케ciency for each unit of
carbon emission by minimum 20% for the next decade up
CO2 emitted. Our key metric, the Environmental E昀케ciency
to 2030, by minimum 70 by 2040 and by being Net Zero in
Operational Index (EEOI), ensures a consistent year-on-year
2050. The GHG Strategy was approved by the IMO in 2018
comparison, accounting for changes in 昀氀eet activity. It re昀氀ects
and revised in 2023. The reduction rates are related to the
our commitment to voyage energy e昀케ciency, where advance-
baseline of 2008. One of the measures implemented by the
ments in emission reduction and operational e昀케ciency posi-
IMO to achieve the goal is the Carbon Intensity Indicator (CII),
tively in昀氀uence the score. This strategy aligns with our ongoing
which is a measure of how e昀케ciently a ship transports goods.
dedication to continually maximise the environmental e昀케-
This is referred to as the Annual E昀케ciency Ration (AER) and
ciency of our operations.
is calculated on a ship-by-ship basis.
Gearbulk has adopted reporting of the AER in accordance
with the IMO goals, and to represent this in the ESG report,
the 昀氀eet average has been calculated.
2022
Change from
Base Year
2023
Change from
Base Year
nm
3,618,430
-3%
3,759,140
1%
Fuel cons
mt
356,180
-5%
352,802
-6%
AER
ton CO2/ DWT*nm
5.80
2%
5.51
-3%
EEOI
ton CO2/ mil t*nm
10.83
4%
10.39
-0.1%
Other metrics
Equation
Nautical mile
22
PART 2 – ENVIRONMENT
