Star Bulk Carriers Corp 2020 SR
The report highlights Star Bulk's ESG performance for 2020, focusing on its decarbonization strategy and response to the COVID-19 pandemic. The company successfully completed the installation of Exhaust Gas Cleaning Systems (EGCS) across 114 vessels, resulting in a 79% reduction in SOx emissions. Despite a 16% decrease in voyage revenues due to market conditions, Star Bulk maintained a 95% fleet utilization rate and competitive operating expenses. The company also reported a 45% reduction in Lost Time Injury Frequency (LTIF) for its crew. Furthermore, Star Bulk became a signatory to the UN Global Compact and participated in the Carbon Disclosure Project (CDP) to enhance transparency.
Company: Star Bulk Carriers Corp
Sector: Transport & logistics
Country: Greece
Year: 2020
Type: SR
Pages: 68
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Star Bulk Carriers Corp
ESG Report
The report highlights Star Bulk's ESG performance for 2020, focusing on its decarbonization strategy and response to the COVID-19 pandemic. The company successfully completed the installation of Exhaust Gas Cleaning Systems (EGCS) across 114 vessels, resulting in a 79% reduction in SOx emissions. Despite a 16% decrease in voyage revenues due to market conditions, Star Bulk maintained a 95% fleet utilization rate and competitive operating expenses. The company also reported a 45% reduction in Lost Time Injury Frequency (LTIF) for its crew. Furthermore, Star Bulk became a signatory to the UN Global Compact and participated in the Carbon Disclosure Project (CDP) to enhance transparency.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Nov 5, 2021
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Employees