Gearbulk ESG Report 2023 - Report - Page 79
ESG REPORT 2023
FUTURE ACTIONS
Boost Third-Party Risk Management Policy and
Procedures
Gearbulk has 昀椀nalized the update of its Third-Party Risk Management policies and procedures.
Under this revised framework, Gearbulk is committed to ongoing assessments of all suppliers,
both new and existing, focusing on their environmental and social impacts. The objective is to
diligently evaluate these impacts and collaborate
closely with suppliers to proactively minimize or
eliminate any potential negative consequences.
This comprehensive assessment will play a pivotal
role in shaping Gearbulk’s strategic procurement
practices in the future, aligning with our Environmental, Social, and Governance (ESG) goals. By
consistently engaging with suppliers to address
and mitigate adverse impacts, we are actively
working towards a sustainable and responsible
approach to procurement. This commitment underscores our dedication to fostering positive environmental and social outcomes in the evolving
landscape of our business operations.
Expand our commitment to sustainable
procurement
We will actively expand our sustainable procurement network, undertaking ongoing assessments
of our suppliers. Through collaborative e昀昀orts
with our suppliers, we aim to ensure that the
goods and services we procure exert no signi昀椀cant negative impact on the environment and society. This encompasses not only the 昀椀nal products but also the production processes involved
in delivering these goods and services. By fostering continuous engagement and cooperation, we
aspire to mitigate and eventually eliminate any
adverse e昀昀ects associated with our procurement
activities. This forward-looking approach underscores our dedication to minimizing environmental and social impacts in the future.
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