Fair Pay & Worker Respect

The company reported a lost time incident rate (LTIR) of 0 in 2023, indicating a strong safety performance.

The crew retention rate was 84.2% in 2023, and the shore staff retention rate was 96% in the same year. In 2022, the crew retention rate was 86.4% and shore staff turnover was 5.3%. The company recorded zero substantiated labor-law or human-rights violations in 2020, but had one marine casualty in 2023. All shore staff were on 100% full-time contracts in 2022. The company provides 100% employer-funded health insurance coverage for its shore staff.

Fair Trade & Ethical Sourcing

No specific, concrete data points were found in the provided articles for any of the KPIs under the 'Fair Trade & Ethical Sourcing' value. The articles discuss internal audits of vessels, the company's code of ethics for its employees and agents, and efforts to comply with hazardous material regulations for suppliers.

However, they do not provide quantifiable evidence related to fair-trade certifications for inputs, audit frequency for external suppliers, substantiated forced or child labor findings in the supply chain, supply chain traceability beyond consolidated shipments, remediation speed for supplier violations, the percentage of supplier contracts with enforceable ethical-sourcing clauses, the share of spend on high-risk materials, or procurement budget directed to diverse suppliers. Therefore, all KPIs for this value are omitted.

Honest & Fair Business

The company has a comprehensive whistleblower policy, compliant with Sarbanes-Oxley, allowing for confidential and anonymous submissions to the Audit Committee Chairman, with explicit non-retaliation provisions.

Records of complaints, investigations, and resolutions are maintained for seven years, and contact information is provided. No incidents were reported in 2023. Consolidated financial statements are audited by Deloitte, and the company holds ISO 9001:2015 and ISO 14001:2015 certifications. The Audit Committee is composed of three independent directors, and board members must meet NASDAQ independence and financial literacy requirements. A Code of Ethics and Anti-Bribery Policy has been adopted and communicated, prohibiting bribery, kickbacks, and improper inducements, including indirect bribery, and requires due diligence on third parties. Facilitation payments are discouraged or prohibited where illegal, with no anti-bribery incidents reported in 2023. The independent auditor audits consolidated financial statements in accordance with generally accepted auditing standards, and there is an annual review of the internal audit program and auditor performance.

No War, No Weapons

The company's core business is drybulk shipping, with no evidence of involvement in arms manufacturing, defense contracts, or military activities. Therefore, KPIs related to defense revenue, dual-use technology development for military applications, and board oversight of defense business are not applicable. The company states it implements an ESG strategy aligned with the UN’s Sustainability Development Goals

and identifies respecting Human Rights as a material topic. It promotes transparency and accountability, committing to conduct business ethically, and consistently issues an annual ESG Report. The company has a codified zero-tolerance approach to bribery, corruption, harassment, discrimination, and human rights violations. During FY2023, no bribery, fraud, whistleblowing incidents, or violations of ethical principles or anti-corruption policy were recorded, indicating 100% compliance with these ethical standards in its core business operations. There is no evidence of the company developing or using AI militarily, or having exposure to controversial weapons.

Planet-Friendly Business

In 2023, the company's energy consumption was 95.48% from heavy fuel (HFO/LFO) and 4.5% from MGO/MDO, indicating 0% from renewable sources.

For biodiversity, the company participated in two underwater beach cleaning events. Regarding environmental compliance, the company reported one minor oil spill of 0.2 cubic meters in 2020, but had zero oil spills in 2021, 2022, and 2023. The company is committed to meeting the IMO's 2030, 2040, and 2050 GHG reduction targets, but has not declared a specific net-zero target year.

Respect for Cultures & Communities

The provided articles, including the ESG Reports from 2021, 2022, and 2023, explicitly state that data for all KPIs related to 'Respect for Cultures & Communities' is 'Not specified in the report' or 'No data is available'.

For instance, there is no information on formal partnerships with community groups, revenue reinvested in local development, cultural appropriation incidents, or cultural impact assessment protocols. Similarly, details regarding local employment ratios, grievance mechanisms for community concerns, or cultural preservation investments are not provided. Therefore, no assessment can be made against the defined KPIs for this value.

Safe & Smart Tech

The provided articles do not contain specific, concrete data points or actions related to data protection, cybersecurity, or responsible AI for EDRY.US. While 'Cybersecurity risks' are mentioned as a general risk factor in Article 0,

and general 'training' and 'certifications' (ISO 9001:2015, ISO 14001:2015, ISM Code, ISPS Code, Class certifications) are noted in Articles 0 and 1, these are not specific to security and privacy training or data protection certifications. There is no evidence of the company's performance, investment, or policies in any of the 'Safe & Smart Tech' KPIs, including data breaches, AI ethics, cybersecurity investment, privacy certifications, security training effectiveness, encryption, AI audits, algorithmic transparency, unauthorized data use, user data control, authentication security, vulnerability management, bug bounty programs, privacy by design, security testing, data minimization, compliance with privacy regulations, algorithmic harm remediation, or digital rights advocacy.