Gearbulk Integrated Report 2023 - Report - Page 39
INTEGRATED REPORT 2023
THE EFFECTS ON THE ENVIRONMENT AND RELIANCE
ON NATURAL RESOURCES ARE GROWING
The global impact of climate change is
increasingly evident as growth pressures the environment to support
our expanding population and waste
management. Extreme weather
events, like droughts and floods,
alongside concerns regarding waste
management and biodiversity, are
exerting signi昀椀cant pressure on food
systems and diverse industries worldwide. This not only a昀昀ects society
but also poses 昀椀nancial risks to businesses.
Our Strategic Response
Gearbulk is constantly working together with stakeholders
to reduce possible negative impacts our organisation might
have on the environment. The initiatives include the following:
• Increasing Carbon Intensity awareness to reduce our carbon
footprint
• Evaluating, testing and installing energy saving devices to
reduce the Carbon emission
• Using the Carbon Intensity Calculator to operate the vessels
more e昀케ciently within the carbon trajectory
• Applying High quality Anti-fouling strategy to improve the
vessel performance
• Testing of Carbon Neutral fuel as drop-in fuel
• Testing of Ultrasonic anti-fouling system for propeller
• Evaluating Carbon Capture technologies
Capitals Impacted
Outcomes
These trends are projected to persist as businesses and
regulators collaborate towards the overarching objective of
mitigating diverse adverse e昀昀ects. Consequently, businesses
Social and
Relationship
Capital
Natural
Capital
will be compelled to adopt alternative operational approaches
to ensure the sustainability of the environments within which
they operate.
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