Gearbulk ESG Report 2023 - Report - Page 4
GEARBULK
ABOUT
OUR REPORT
This report demonstrates Gearbulk’s commitment to reducing
our negative impacts on the Environment and Society and
describes how we work to strengthen our governance practices
to support the business. This report discloses key actions taken
during the year and the results of our key Environmental, Social
and Governance metrics. This report is drafted in accordance
with the Global Reporting Initiative (GRI) framework.
Boundary and Scope
Restatement of metrics
This report provides information to our stakeholders about
Emissions in accordance with the GHG Protocol
Gearbulk’s ESG e昀昀orts against key metrics using the require-
During 2023 guidance on the reporting of emissions relating
ments of the GRI as reference. The period covered by this
to Shipowners and Charterers has been come available. The
report is 1st January 2023 – 31st December 2023 (the Gear-
guidance refers to the de昀椀nition of “Operational Control” and
bulk 昀椀nancial year-end). The information contained within is
accounting of Scope 1 emissions. According to the guidance,
purely non-昀椀nancial and pertains to Gearbulk’s wholly owned
Shipowners are to report emissions on vessels that are Char-
subsidiaries and business areas where Gearbulk has signi昀椀-
tered as Scope 3 and the Charterer as Scope 1. Gearbulk
cant operational control and re昀氀ects the material business of
has adopted this guidance and has therefore restated the
Gearbulk, which is our shipping activities. This report excludes
information.
information already reported by our joint ventures and information from our terminal business. This follows the same
De昀椀nitions
approach of our Integrated Report. Information contained in
Throughout this report “Gearbulk”, “Company”, “Group”, “we”,
this report refers merely to material topics and therefore it
“us” and “our” refer to Gearbulk Holding AG and its subsidi-
is advisable to read the report in parallel with the Integrated
aries. Subsidiaries comprise entities consolidated under either
Report for the full overview of our ESG journey.
the voting interest method or the variable interest method..
Materiality
This report has been compiled internally, and information
contained within the report has not been veri昀椀ed by external
assurance providers. The report contains information that
Gearbulk deems is material in accordance with a Double
Materiality Assessment that has been conducted, which is
located in Gearbulk’s Integrated Report. Our ambition is to
obtain limited assurance on selected metrics reported in
the future.
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INTRODUCTION
