Gearbulk ESG Report 2023 - Report - Page 27
ESG REPORT 2023
OUR ONGOING EFFORTS TO MANAGE THE
IMPACT
Gearbulk demonstrates proactive pollution
management by acknowledging its potential
adverse e昀昀ects on the economy, environment,
and human rights. The company evaluates its operations and business partnerships to identify any
involvement in negative impacts and takes steps
to prevent or mitigate them.
Gearbulk has instituted robust policies and
commitments concerning pollution management, which include adherence to supplier code
of conduct, procurement policies and procedures,
ship recycling policies and procedures, and thirdparty risk management policies and procedures.
These measures underscore the company’s dediPOTENTIAL AND ACTUAL IMPACTS
cation to environmental sustainability and regula-
Waste generation within the shipping industry
tory compliance. To e昀昀ectively manage pollution,
has wide-ranging implications, impacting opera-
Gearbulk employs strategies such as adopting
tional e昀케ciency, environmental sustainability, and
eco-friendly technologies, complying with emis-
regulatory adherence. Excessive waste production
sion control standards, and investing in pollution
not only drives up operational costs but also esca-
prevention initiatives. The company evaluates the
lates the risk of marine pollution if not responsibly
e昀昀ectiveness of these measures through rigorous
managed. Failure to recycle waste results in its
monitoring processes, establishing goals, targets,
deposition in land昀椀lls, signi昀椀cantly harming the
and indicators to gauge progress. Insights obtained
environment.
from this monitoring determine updates to operational policies and procedures, facilitating continual
Within Gearbulk, various waste categories are perti-
enhancement of pollution management practices.
nent, including vessel components (post-recycling),
maintenance-related parts, onboard consuma-
Moreover, Gearbulk actively engages with stake-
bles, and o昀케ce waste. All waste onboard vessels
holders to solicit feedback and insights, which
undergoes thorough categorization and disposal
inform its actions and e昀케cacy assessments. This
in compliance with relevant legislation. However,
ensures alignment with stakeholder expectations
when waste is transferred ashore for disposal by
and regulatory mandates. Through these compre-
third parties, Gearbulk lacks oversight, relying
hensive approaches, Gearbulk underscores its
solely on reports received during ship recycling,
commitment to responsible pollution management
which could potentially impact the environment.
and sustainable shipping practices.
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