Environmental Social & Governance (ESG) Report

Overview

The report highlights the company's transformational 2023 merger with Eagle Bulk, which expanded its fleet and market position. It reports a B score under CDP Climate Change and a 4% reduction in Scope 1 emissions and 9.5% reduction in Scope 3 emissions. The company also presents a decarbonization pathway targeting at least 20% lower GHG emissions by 2030, 70% by 2040, and net-zero emissions by 2050.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2023
Period: 1 January 2023 – 31 December 2023
Publication date: 15 November 2024
Language: English
Pages
File size
Restatement: Disclosed

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP
Other

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Ratings

GRI level
CDP score

Materiality

Assessment
Basis

Assurance

Provider
Level
Standard
Scope
Statement included
Metrics assured

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