Annual Report

Overview

The report presents ESG as central to Safe Bulkers' corporate strategy, with a two-fold focus on fleet renewal and environmental upgrades. It reports 16 environmentally advanced newbuilds in the program, including two methanol dual-fuelled vessels, with nine delivered, and environmental upgrades completed on 21 vessels. It also highlights two sustainability-linked financings totaling $160.0 million, linked to independently verified emission targets. Governance was strengthened through a six-member ESG Committee, including four independent directors, tasked with reviewing ESG performance and board oversight.

Document

Report type: Annual Report
Class: Financial
Scope: Full report
Fiscal year: 2023
Period: 1 January 2023 – 31 December 2023
Language: English
Pages
File size

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