Gearbulk Integrated Report 2023 - Report - Page 112
GEARBULK
SOCIAL AND RELATIONSHIP CAPITAL
EVALUATING
THE CAPITAL
What Social and Relationship Capital means to Gearbulk
How Social and Relationship Capital supports our value
Social and Relationship Capital relates to Gearbulk’s relation-
creation goals
ships with institutions, communities, networks and other
Social and Relationship Capital supports our value crea-
stakeholders and to its ability to create or sustain value asso-
tion by bolstering various aspects of governance and legal
ciated with the welfare of both individuals and groups. From
standards, both internally and on a global scale. This includes
a governance standpoint, the way Gearbulk navigates the
reinforcing international legal frameworks and institutions,
complex landscape of sanctions, regulations, interactions with
prioritising safety measures for crew, vessels, and the public,
public institutions and o昀케cials, relationships with suppliers,
safeguarding marine and environmental interests, mitigating
clients, competitors, and other stakeholders will play a pivotal
legal risks and 昀椀nancial penalties, upholding a positive reputa-
role in shaping the preservation, development, or erosion of
tion, enhancing brand value, gaining a competitive advantage,
Gearbulk’s overall value.
and fostering customer loyalty.
KEY OUTPUTS
Value created
Value sustained
Value eroded
ZERO
ZERO
ZERO
BRIBERY AND CORRUPTION
EVENTS
SANCTIONS
VIOLATIONS
LEGAL
VIOLATIONS
(2022: Zero)
(2022: Zero)
(2022: Zero)
94%
TWO
ZERO
EMPLOYEE
SATISFACTION
OFFICERS SEMINARS
MATERIAL WHISTLEBLOWING INCIDENTS
(2022: 97%)
INCREASED
SUSTAINABLE
PROCUREMENT
PARTNERSHIPS
112
PART 4 – HOW WE CREATE VALUE
(2022: Two)
FIRST DOUBLE
MATERIALITY
ASSESSMENT
CONCLUDED
(2022: Zero)
LIMITED SPEND
IN COMMUNITIES
WHERE WE OPERATE
