Gearbulk Integrated Report 2023 - Report - Page 42
GEARBULK
INTEGRATED STAKEHOLDER ENGAGEMENT
UNDERSTANDING
OUR STAKEHOLDERS
Stakeholder engagement is integral to business operations. As
such, Gearbulk follows a stakeholder inclusive approach when
conducting business and creating value. Through this integrated
approach, we can properly identify and evaluate the potential
impacts we may exert on our stakeholders, and conversely, the
e昀昀ects they may have on us. In doing so, we can ensure that we
sustain value, identify opportunities to create value and secure
our controls to prevent value erosion.
CATEGORISING OUR STAKEHOLDERS
While all stakeholders hold signi昀椀cance for Gearbulk, it is
Gearbulk has categorised our stakeholders into four
necessary to categorise them in order to prioritise our engage-
categories :
ment e昀昀orts e昀昀ectively. We evaluate stakeholders based on
• Low stakeholder interest and low stakeholder in昀氀uence:
their material in昀氀uence on our operations and the impact our
business may have on them.
Low engagement - inform
• Low stakeholder interest and high stakeholder in昀氀uence:
Align engagement - involve
• High stakeholder interest and low stakeholder in昀氀uence:
Medium engagement - include
• High stakeholder interest and high stakeholder in昀氀uence:
High engagement - collaborate
Gearbulk prioritises value creation, underscoring the importance of understanding our stakeholders’ concerns. These
concerns are carefully considered and addressed within our
annual strategic review process.
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PART 2 – OUR BUSINESS IN CONTEXT
