Gearbulk ESG Report 2023 - Report - Page 82
GEARBULK
GLOSSARY
OF TERMS AND
ACRONYMS
• ABC: Anti Bribery and Corruption
• EEDI: Energy E昀케ciency Design Index
• AER: Annual E昀케ciency Ratio
• EEOI: Energy E昀케ciency Operational index
• AF: Anti Fouling
• ESG: Environmental Social Governance
• AI: Arti昀椀cial Intelligence
• ETS: Emission Trading System
• Biofouling: The accumulation of plant and animal organisms
• EU: European Union
on wetted surfaces.
• BoD: Board of Directors
• EUA: European Carbon Allowances
• EQ: Emotional intelligence
• BWM: Ballast Water and Sediments
• FC: Financial Capital
• BWTS: Ballast Water Treatment System
• FE: Facilities and Equipment
• CBT: Computer based training
• FFA: Forward Freight Agreements
• CEO: Chief Executive O昀케cer
• Fleximax: Vessels with open hatch, box shaped holds but
• CFO: Chief Financial O昀케cer
having 昀椀xed jib cranes rather than travelling gantry cranes.
• CH4: Methane
This gives rise to small overhangs on four hold bulkheads
• CII: Carbon Intensity Indicator
incorporating the crane support structure.
• CMS: Crew Management System
• FS: Financial Statements
• COA: Contract of A昀昀reightment, a contract requiring the
• GBSF: Gearbulk Solidarity Fund
carriage of a determined quantity of a speci昀椀ed cargo over
a given period of time.
• CO2: Carbon Dioxide – major Greenhouse gas. An atmospheric increase of 35% since pre-industrial levels has been
• GHG: Greenhouse Gases, generic name for a range of
gases which absorb and re昀氀ect thermal radiation back to
the earth’s surface which would otherwise have escaped
into space, thus leading to global warming.
attributed to burning of fossil fuels and deforestation,
• GLT: Gearbulk Leadership Team.
causing global warming. This increased level is also respon-
• GRI: Global Reporting Initiative
sible for increased acidi昀椀cation of the oceans.
• HAZID: Hazard Identi昀椀cation
• CSR: Corporate Social Responsibility
• HAZOP: Hazard and Operability Study
• Dunnage: Material used to support and secure cargo during
• HC: Human Capital
transportation.
• DWT: Deadweight tonnage is a measure of the sum of the
weights a vessel can carry including cargo, fuel, ballast, fresh
water, and stores.
• EBITDA: Earnings before interest, tax, depreciation and
amortisation
• ECA: Emission Control Area, areas with more stringent regulation of emissions such as SOX and NOX for environmental
and/or human health issues.
• ECDIS: Electronic Chart Display and Information System
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APPENDIX
• HFC: Hydro昀氀uorocarbon
• HR: Human Resources
• HSEQ: Health, safety, quality and environment policy
• IACS: Integrated Administration and Control System
• IC: Intellectual Capital
• ICS: International Chamber of Shipping
• IHM: Inventory of Hazardous Materials.
• IMO: International Maritime Organisation, United Nations
agency responsible for the safety and security of shipping
and the prevention of pollution from ships.
