Fair Money & Economic Opportunity

Castor Maritime Inc. is primarily a global shipping company that transports dry bulk commodities.

Its core business activities, which involve chartering vessels and managing a fleet, do not include offering lending, deposit, or other financial services to consumers. While the company acquired a majority stake in MPC Capital, an investment and asset manager specializing in maritime and energy infrastructure projects, this does not indicate direct consumer financial services. Therefore, all KPIs related to consumer financial products, services, and their associated practices (such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility for financial data, fair lending compliance, wealth building outcomes, financial literacy initiatives, debt burden ratio, geographic inclusion, and product simplicity) are not applicable to its operations, and no relevant evidence was found in the provided articles.

Fair Pay & Worker Respect

In 2023, the company reported zero total recordable work-related injuries (TRIR), zero fatalities, and zero high-consequence work-related injuries (HCIR).

The voluntary employee turnover rate for 2023 was 24%, calculated from 12 total turnovers (6 office, 6 seafarer) out of 50 total employees. The company reported zero confirmed corruption incidents, zero monetary losses from corruption, and zero employees dismissed for corruption in 2023. No specific regulatory actions, violations, fines, or compliance issues related to labor were mentioned in the 2023 sustainability report.

Kind to Animals

Castor Maritime Inc. is a global shipping company specializing in the transportation of dry bulk commodities.

The provided articles, including its 2024 annual report and ESG policies, do not contain any information related to animal welfare, animal testing, animal-derived products, or animal agriculture. Given the company's service-oriented business model, these activities are not applicable to its operations. Therefore, all relevant KPIs are scored as N/A.

Planet-Friendly Business

The provided article details the International Maritime Organization's (IMO) greenhouse gas (GHG) reduction strategy and targets for the global shipping industry, including carbon intensity and total emissions reduction goals.

It also outlines mandatory measures like the Energy Efficiency Design Index (EEDI) and Ship Energy Efficiency Management Plan (SEEMP), and data collection requirements for ships. However, the article does not contain any specific information, data, or actions related to Castor Maritime Inc. (CTRM.US). Therefore, no KPIs can be scored for the company based on the evidence provided.

Respect for Cultures & Communities

The provided articles do not contain specific, concrete data points for any of the KPIs related to the ethical value of Respect for Cultures & Communities for CTRM.US. Information regarding formal partnerships, community reinvestment, cultural appropriation incidents, cultural impact assessments, local employment, grievance mechanisms, FPIC participation, community governance, cultural preservation investment, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training for CTRM.US is not present.

While some articles mention training programs by 'Castor Vali' that include 'cultural awareness,' there is no evidence that CTRM.US employees have completed such training, nor is Castor Vali explicitly identified as CTRM.US's training provider or a subsidiary.

Safe & Smart Tech

No specific, concrete evidence was found in the provided articles to assess Castor Maritime Inc. (CTRM.US) against the 'Safe & Smart Tech' ethical value. The articles either focused on financial performance and general maritime regulatory compliance (IMO, MARPOL, OPA, CERCLA)

, , which are not relevant to the privacy-focused KPIs, or discussed cybersecurity and privacy practices of distinct entities such as 'Castor EDC' (a clinical trial software company) and 'Castor Marine' (a managed network services provider). There is no explicit statement that the practices of 'Castor EDC' or 'Castor Marine' apply company-wide to Castor Maritime Inc., a global shipping company. Therefore, all KPIs for this value are omitted due to a lack of directly applicable evidence for CTRM.US.

Zero Waste & Sustainable Products

The company reported zero spills and releases to the environment in 2023, adhering to a Zero-Spill Policy.

It manages hazardous waste by handling oily mixtures (sludge and oily bilge water) according to MARPOL Annex I using Oil Water Separators (OWS), and maintains an Inventory of Hazardous Materials (IHM) as part of its Ship Recycling Policy. The company also uses anti-fouling coatings with reduced chemicals compliant with MEPC.331(76). It states compliance with MARPOL, IMO, EU, USCG, and other relevant regulations, and holds ISO 14001 Environmental Certification. The company has implemented numerous waste reduction initiatives, including paperless work environments, recycling programs for paper, cardboard, plastic, glass, aluminum, e-waste, ink/toner cartridges, and batteries, as well as composting in offices, with plans to extend these to vessels. Reusable office supplies are encouraged, and green procurement policies are in place. Periodic waste audits are planned to assess recycling effectiveness. The company aims to gain commitments from suppliers to adopt sound environmental principles, but specific requirements are not detailed.