Gearbulk ESG Report 2023 - Report - Page 49
ESG REPORT 2023
OUR ONGOING EFFORTS TO MANAGE THE
IMPACT
Gearbulk is diligent in managing its impacts on
human rights, recognising their signi昀椀cance across
various sectors. The Company acknowledges the
potential negative impacts stemming from its activities and business relationships and is dedicated
to proactively addressing them.
With robust policies in place, Gearbulk emphasizes fair treatment, diversity, and inclusion, implementing measures such as employee training and
due diligence on suppliers to prevent potential
negative impacts. In instances of actual negative
impacts, Gearbulk swiftly takes corrective action,
cooperating with stakeholders to address violations. Moreover, the organisation actively cultivates
a culture of respect and dignity to manage potential
positive impacts within its operations and supply
chain. Rigorous monitoring processes track the
e昀昀ectiveness of these actions, with lessons learned
integrated into operational policies for continuous
improvement. Engagement with stakeholders
ensures alignment with expectations, reinforcing
Gearbulk’s commitment to upholding human rights
across its operations.
In 2022, Gearbulk introduced a comprehensive
policy for Human Rights and decent working
conditions, delineating principles and standards
to uphold and safeguard human rights throughout
its operations. This policy articulates the guiding
principles in interactions with employees, contractors, suppliers, partners, and impacted communities. Furthermore, Gearbulk demonstrated transparency by publishing its 昀椀rst annual account in
compliance with the Transparency Act requirements. This account details the assessment of
POTENTIAL AND ACTUAL IMPACTS
potential risks and actions taken to mitigate them.
Gearbulk is committed to applying high standards
Notably, no human rights violations were reported
of business and personal ethics to detect, manage
in 2023. Continuously enhancing governance
risks and address adverse human rights impacts.
practices, Gearbulk is developing third-party risk
It is the policy of Gearbulk to always comply with
management policies and procedures to bolster
any applicable laws and regulations including inter-
its e昀昀orts further.
nationally recognised conventions regarding the
protection of human rights.
Please refer to our website for more information.
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