Gearbulk Integrated Report 2023 - Report - Page 38
GEARBULK
LAWS AND REGULATIONS GOVERNING ORGANISATIONS
ARE IN A STATE OF CONSTANT CHANGE
Remaining informed about regulatory changes poses a signi昀椀cant
challenge in our industry, especially
considering the rapid evolution of
the regulatory framework. This also
entails upholding principles of ethical
business conduct to demonstrate
good corporate citizenship.
Our Strategic Response
We remain steadfast in our commitment to compliance, recognising its substantial in昀氀uence on our business.
Through our established ESG and Compliance committees, we
strive to remain abreast of issues that may a昀昀ect the organisation. Our dedication to compliance aligns with our overarching
strategy to strengthen our policies and procedures in response
to evolving regulatory landscapes.
Capitals Impacted
Outcomes
With the ongoing standardisation of sustainability issues and
reporting, we anticipate a consistent stream of regulatory
changes driven by the legislation surrounding non-昀椀nancial
Manufactured
Capital
reporting. This legislative focus on reporting topics is integral
to global initiatives aimed at mitigating adverse business
impacts. The emphasis on embedding good corporate governance persists as a primary objective, as re昀氀ected in diverse
regulatory mandates.
Natural
Capital
38
PART 2 – OUR BUSINESS IN CONTEXT
Human
Capital
