Star Bulk Carriers Corp. Announces Publication of 2023 Environmental, Social and Governance (ESG) Report

Rhea-AI Summary

Star Bulk Carriers Corp. (SBLK) has released its 2023 Environmental, Social, and Governance (ESG) Report, marking its sixth annual publication. The report adheres to Global Reporting Initiative (GRI 2021) standards, SASB Marine Transportation (2018) guidelines, and aligns with UN Sustainable Development Goals. Ernst & Young has provided assurance for specific GRI and SASB indicators.

The report presents a detailed overview of Star Bulk's sustainability strategy, performance metrics, and targets. Under ESG Committee guidance, the company implements best practices while addressing key environmental, social, and governance challenges. CEO Petros Pappas emphasized the company's commitment to human welfare and environmental well-being while expanding fleet operations.

ATHENS, Greece, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global leader in dry bulk shipping, today announced the publication of its 2023 Environmental, Social, and Governance (ESG) Report.

The report has been developed in accordance with the Global Reporting Initiative (GRI 2021) standards, the Sustainability Accounting Standards Board (SASB) for Marine Transportation (2018), and aligns with the United Nations’ Sustainable Development Goals (SDGs). Specific GRI disclosures and SASB indicators have received limited level of assurance from Ernst & Young (Hellas) Certified Auditors Accountants S.A. The 2023 ESG Report is now available on the Company’s website at www.starbulk.com.

The 2023 ESG Report, Star Bulk's sixth annual publication, offers a comprehensive overview of the company's sustainability strategy, performance, and targets. Guided by its ESG Committee, Star Bulk implements best practices to ensure business continuity while addressing key environmental, social, and governance (ESG) challenges.

The report highlights progress toward the company's long-term ESG goals and includes detailed performance data through sustainability-related Key Performance Indicators (KPIs). This commitment to transparency underscores Star Bulk's dedication to mitigating environmental impact, promoting social responsibility, and upholding the highest standards of corporate governance.

Commenting on the report, Mr. Petros Pappas, CEO of Star Bulk, stated: “We continue to grow our fleet and our operations in parallel with our care and commitment to human welfare and to the well-being of the environment. We are dedicated to advancing a more sustainable future for our industry.”

About Star Bulk
Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, New York, Limassol and Singapore. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”. Upon the delivery to its new owners, Star Bulk will have a fleet of 151 owned vessels, with an aggregate capacity of 14.6 million dwt, consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.

Contacts

Company:
Simos Spyrou, Christos Begleris
Co ‐ Chief Financial Officers
Star Bulk Carriers Corp.
c/o Star Bulk Management Inc.
40 Ag. Konstantinou Av.
Maroussi 15124
Athens, Greece
Email: info@starbulk.com
www.starbulk.com

Investor Relations / Financial Media:
Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, NY 10169
Tel. (212) 661‐7566
E‐mail: starbulk@capitallink.com
www.capitallink.com

FAQ

What are the key features of Star Bulk's (SBLK) 2023 ESG Report?

Star Bulk's 2023 ESG Report follows GRI 2021 standards, SASB guidelines, and UN SDGs, with Ernst & Young providing assurance. It details sustainability strategy, performance metrics, and targets while highlighting the company's commitment to environmental and social responsibility.

How many ESG reports has Star Bulk (SBLK) published to date?

The 2023 ESG Report marks Star Bulk's sixth annual ESG publication, demonstrating their ongoing commitment to sustainability reporting and transparency.

What sustainability standards does Star Bulk's (SBLK) 2023 ESG Report follow?

The report follows Global Reporting Initiative (GRI 2021) standards, Sustainability Accounting Standards Board (SASB) for Marine Transportation (2018), and aligns with UN Sustainable Development Goals.

Where can investors access Star Bulk's (SBLK) 2023 ESG Report?

The 2023 ESG Report is available on Star Bulk's official website at www.starbulk.com.