Gearbulk Integrated Report 2023 - Report - Page 122
GEARBULK
INTELLECTUAL CAPITAL
YEAR
IN REVIEW
Enhancing our governance
Delivering on cyber security measures
Establishing a compliance and governance consistent struc-
E昀케cient management of cybersecurity risks is imperative
ture contributes to Gearbulk’s long term success and sustain-
within the integrated reporting framework as it safeguards
ability strategy. Gearbulk’s reputation, 昀椀nancial standing and
the uninterrupted 昀氀ow of information globally and secures
employees’ commitment can be signi昀椀cantly impacted by
the integrity of supply chains. Cyber-attacks pose consider-
illegal, unfair and unethical practices. To maintain compli-
able threats, capable of causing severe economic damage. By
ance awareness alive, practical processes and controls have
proactively addressing cybersecurity risks, we fortify our intel-
been created and are regularly reassessed to make sure the
lectual capital, ensuring resilience against potential disrup-
highest standards of corporate governance are observed.
tions and reinforcing trust in our operations. This strategic
In 2023, under the oversight of the Compliance Committee,
approach not only protects our organisation’s assets but
our company conducted a comprehensive review of its
also contributes to the sustainability and reliability of global
Anti-Bribery and Corruption Policy. Concurrently, Gearbulk
information exchange networks.
also sanctioned the Diversity and Inclusion Policy, the Risk
Management Policy, and the Third-Party Risk Management
Gearbulk is a member of NORMA (Norwegian Maritime Cyber
Policy and Procedure.
Resilience Centre), an NGO with Joint E昀昀ort between Den
Norske Krigsforsikring for Skib (DNK) and the Norwegian
Practising data driven management
Shipowners’ Association. This membership supports Gearbulk
E昀昀ective utilisation of intellectual capital through data-driven
in its ambition with regular updates from the membership.
management practices enhances operational e昀케ciency within
our shipping operations. By harnessing data analytics, we
optimise routes, minimise fuel consumption, and improve
delivery times, thereby not only reducing operational costs
but also mitigating the environmental footprint of our shipping activities. This strategic integration of intellectual capital
enables us to make informed decisions that drive sustainable
value creation while aligning with our commitment to environmental stewardship within the framework of the Integrated
Reporting.
122
PART 4 – HOW WE CREATE VALUE
