Exploring Safe Bulkers' Commitment to Sustainability in 2024
Safe Bulkers, Inc. Reveals Insights into 2024 Sustainability Report
Safe Bulkers, Inc. (NYSE: SB), a leading provider of marine drybulk transportation services, has announced the release of its 2024 Sustainability Report. This report highlights its ongoing commitment to environmentally sustainable practices and corporate responsibility.
A Commitment to Sustainability
The 2024 Sustainability Report has been meticulously prepared following the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines. It adheres to the GRI Standards and incorporates recommendations from the Sustainability Accounting Standards Board (SASB) specifically tailored for maritime transport. By addressing indicators that are vital to the Company and its stakeholders, the report provides a comprehensive overview of its sustainability approach.
Key Features of the Report
In this year’s report, Safe Bulkers outlines its environmental, social, and governance (ESG) strategies. "Our 2024 Sustainability Report showcases our dedication to managing environmental risks and enhancing the governance framework in alignment with stakeholder expectations," stated Dr. Loukas Barmparis, President of Safe Bulkers, Inc. This commitment is crucial as the company continues to operate in the international shipping industry, which has considerable impacts on the environment.
Business Overview
Safe Bulkers specializes in transporting bulk commodities such as coal, grain, and iron ore across global shipping routes. This positions the company as a key player in the marine drybulk transportation sector, catering to some of the largest users of these services globally. The stock of Safe Bulkers is publicly traded on the NYSE, reflecting a robust market presence with its common stock and preferred shares trading under the symbols “SB”, “SB.PR.C”, and “SB.PR.D”.
Recognition and Regulatory Compliance
As part of its sustainability initiatives, Safe Bulkers aims to meet the growing demands for transparency and accountability in business operations. The company remains dedicated to ensuring compliance with environmental regulations while actively engaging with communities along its shipping routes.
Focus on Environmental Responsibilities
One of the highlights of the report is its emphasis on reducing the ecological footprint of its shipping operations. The initiatives outlined demonstrate the company’s efforts to minimize greenhouse gas emissions and improve fuel efficiency, which is pivotal in the context of global climate change discussions.
Broader Impact on Stakeholders
Additionally, the report addresses the importance of social responsibility, focusing on community engagement and employee well-being. Safe Bulkers is committed to contributing positively to the communities in which it operates, reinforcing its image as a socially responsible company in the maritime industry.
Contact Information
For more insights into the 2024 Sustainability Report or any inquiries, interested parties may contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
Fax: +30 2 111 878 500
E-Mail: directors@safebulkers.com
Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com
Frequently Asked Questions
What is the main focus of Safe Bulkers' 2024 Sustainability Report?
The report emphasizes the company's environmental, social, and governance practices and its commitment to sustainability.
How does Safe Bulkers contribute to environmental sustainability?
Safe Bulkers employs strategies to minimize greenhouse gas emissions and improve fuel efficiency in its shipping operations.
Where can I access the 2024 Sustainability Report?
The report can be downloaded from Safe Bulkers' official website under the sustainability section.
Who can I contact for more information regarding the report?
Inquiries can be directed to Dr. Loukas Barmparis or Nicolas Bornozis through the provided email addresses.
What commodities does Safe Bulkers transport?
The Company primarily transports bulk cargoes, including coal, grain, and iron ore across global shipping routes.
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