Gearbulk Integrated Report 2023 - Report - Page 58
GEARBULK
STRATEGIC OVERVIEW
A ROADMAP FOR
SUCCESS
Building on the previous year’s thorough strategy reassessment, a
revised vision and mission was introduced in 2023, prompting the
development of a strategic roadmap, encompassing Environmental,
Social, and Governance (ESG) principles into our business strategy.
This continuous journey re昀氀ects our steadfast commitment to
responsible business practices and our ongoing dedication to
addressing environmental and societal impacts.
Our strategy, organised as a four-pillar strategy has been
Rooted in Gearbulk’s core values, which serve as the guiding
further developed, and a comprehensive roadmap has been
principles for all our endeavours, this roadmap focuses on
crafted to underscore our strategic ambitions.
key areas of strategic importance. Through ongoing re昀椀nement, we have identi昀椀ed critical aspects that align with our
overarching goals outlined in our strategy.
2017 - 2023
2024
2025 - onwards
OUR HISTORY
PREPARING FOR
THE FUTURE
GROWING OUR
CAPABILITIES
• Establishment of G2O Joint Venture
• Conclude on 昀氀eet renewal program
• Implementation of digital ambitions
with Grieg Star
• Conclusion of various key re昀椀nancing
arrangements
• Record pro昀椀t after years of losses
• Reset of our strategic roadmap
• Addition of new vessels into the 昀氀eet
• Commit to emission reduction
across the organisation and on 昀氀eet
targets, initiatives and NGO part-
• Introduction of carbon reduc-
nerships
• Expand 昀椀nancing partnerships to
support our 昀氀eet renewal
• Develop our digitalisation ambition
• Ensure competitive cost level and
昀氀eet performance with new technology
58
PART 3 – OUR STRATEGIC RESPONSE
tion initiatives and net Zero Fleet,
reducing our carbon footprint
• Increase alternative 昀椀nancing e昀昀orts,
considering various partnerships
