Gearbulk ESG Report 2023 - Report - Page 65
ESG REPORT 2023
0
89%
100%
ACTUAL ABC RELATED
EVENTS, LEGAL CASES
AND TERMINATIONS
EMPLOYEES TRAINED ON
ANTI-BRIBERY AND
ANTI-CORRUPTION
POTENTIAL INCIDENTS
REPORTED TO MACN
TARGET: 0
TARGET: 100%
TARGET: 100%
No cases meeting the actual de昀椀nition
Our ABC policy has been recently
Gearbulk is a member of the Maritime
of an ABC incident took place in 2023.
reviewed to provide clear guidance
Anti-corruption Network (MACN) and
No dismissal or disciplinary action to
in relation to bribery and corruption
cooperate with like-minded industry
employees in connection to corrup-
topics. Crew and shore employees
companies to promote compliance
tion practices. No incidents with active
shall take mandatory training on
with anti-corruption laws and eliminate
vendors related to corruption.
anti-corruption principles and risks
corrupt practices.
No legal cases regarding corruption
considering their speci昀椀c activities. The
have been brought against the organ-
computer-based training modules are
Currently, the MACN organisation is
isation nor its employees.
frequently revised, and the Company
the ABC industry reference to over 190
monitors the training completion rate
companies globally and is still growing.
annually.
MACN has at least two meetings each
year, and Gearbulk’s representa-
At the end of 2023, 89% of shore
tives have participated in meetings
employees and 18% of crew o昀케cers
held since 2018. MACN encourages
had successfully completed the
members to report any actual or
training. The decrease in the comple-
suspected corruption incidents so that
tion rate, when comparing to 2022, can
MACN can focus combating initiatives
be attributed to personal changes in
in areas with increased risks.
the organisation and will be addressed
by a thorough ABC awareness program
All potential occurrences to date have
to occur in 2024. Crew also receive
been reported to MACN, supporting
anti-corruption guidance regularly
the Gearbulk’s preventive practices in
through emails and quarterly SEQ
a昀昀ected areas.
Bulletins. Gearbulk further provides a
safe and independent global whistleblowing channel for all stakeholders to
submit concerns.
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