Welcome to our latest Sustainability Report, which documents our commitments and initiatives to operate our business responsibly for our people, our customers and the environment, and to give back to the communities where we work and have prospered.
We have detailed our governance processes, our sustainability performance against targets and international standards, how we are always working on continual improvement, our focus on safety, training and development and how we are sharing our knowledge with other shipping industry leaders to make a real difference.
It also gives the big picture view of the challenges and opportunities the shipping industry faces as it continues to move more than 90% of the world's freight while evolving socio-economic, political and environmental trends are rapidly changing the context in which the industry operates.
Energy conservation and reducing emissions is a key objective for Gearbulk, with a company objective to achieve a 4% reduction in EEOI (Energy Efficiency Operational Indicator) from 2015 levels by the end of 2020. The result for 2016 is good in that there was close to a 5% reduction.