Better Health for All

Euroseas Ltd. operates as a shipping company, providing seaborne transportation services. Its core business activities do not directly involve the provision of health-related products or services, nor do they inherently have direct positive or negative health impacts on the general public. The company's operations do not typically generate health risks requiring public disclosure, nor do they involve health data management, clinical trials, or pharmaceutical patents.

While the company implemented COVID-19 management plans, vaccination campaigns, and training for its employees, these are internal measures and do not constitute engagement in public preventative health or healthcare workforce support. Environmental impacts, such as CO2 and SOx emissions, are explicitly excluded from this value category.

Fair Money & Economic Opportunity

Euroseas Ltd. operates as an owner and operator of drybulk and container carrier vessels, providing seaborne transportation services.

The company's core business is outside of financial services, as it does not offer lending, deposit, or other financial products to consumers. Therefore, all KPIs related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion, and product simplicity, are not applicable to its operations.

Fair Pay & Worker Respect

Euroseas reported a Lost Time Incident Rate (LTIR) of 1.65 per 1,000,000 hours worked in 2023, which converts to 0.33 per 200,000 hours.

The company also reported an LTIR of 0 in 2022, 1.36 in 2021, and 1.20 in 2020. However, there was one fatality in 2021 due to COVID-19 complications and another in 2023 due to a fall overboard. The company's shore-based staff turnover rate was 4% in 2021 and 2023, and its crew retention rate was 90% in 2021 and 88.7% in 2023. In 2021, no bribery, fraud, or other whistleblowing incidents were recorded. However, the company had 4 PSC detentions in 2023, 1 in 2021, and 0 in 2020. The company does not provide specific data on the percentage of its workforce covered by employer-funded health insurance.

Honest & Fair Business

The company has a formal whistleblower protection policy that allows employees to report concerns anonymously or confidentially to the Audit Committee Chairman, with contact information provided.

The company commits to not retaliating for good-faith reports, and the Audit Committee investigates reports, maintaining a log of complaints, investigations, and resolutions for seven years. The policy aims to comply with the Sarbanes-Oxley Act and SEC regulations. Additionally, the company has a comprehensive anti-bribery policy covering direct and indirect bribery, facilitation payments, and specific guidance on gifts, entertainment, and hospitality, emphasizing compliance with international and local anti-bribery laws, and includes a 'red flags' section. Board members must meet NASDAQ requirements for independence and financial literacy, with at least one member being financially sophisticated, and the Audit Committee must have a minimum of three members.

Kind to Animals

Euroseas Ltd. operates as an owner and operator of drybulk and container carrier vessels, providing seaborne transportation services.

The company's core business model is service-oriented and does not involve the production of goods, animal testing, animal-derived ingredients, animal husbandry, or animal agriculture. Therefore, all KPIs related to these activities are not applicable to its operations. While the company complies with regulations such as the Northern Right Whale Speed Reduction Zones, this is a regulatory requirement for vessel operation and not a company-led conservation initiative with measurable biodiversity impact. No evidence was found regarding specific conservation initiatives or their measurable impact on wildlife.

No War, No Weapons

Euroseas Ltd. operates as an owner and operator of drybulk and container carrier vessels.

The company has adopted and communicated a Code of Ethics & Anti-Bribery Policy to employees, directors, officers, and agents, which covers compliance with laws, rules, and regulations, securities trading, disclosure procedures, waivers, internal reporting, and a whistleblower policy. In both FY2023 and FY2024, no bribery, fraud, whistleblowing incidents, or violations of ethical principles or anti-corruption policy were recorded, indicating 100% compliance with these ethical standards. The company implements an ESG strategy that is aligned with the UN’s Sustainability Development Goals (UN SDGs), but its alignment with the UN Guiding Principles on Business and Human Rights (UNGP) is only stated in principle, with no details on implementation across divisions or external assurance.

Planet-Friendly Business

The company sourced 91.4% of its energy from renewables in 2023, a slight decrease from 92.3% in 2022.

In 2023, there were 4 PSC (Port State Control) detentions, which are regulatory actions.

Respect for Cultures & Communities

Euroseas Ltd. reported zero cultural appropriation incidents for 2021 and no incidents for 2023.

No other specific data points relevant to the remaining KPIs for 'Respect for Cultures & Communities' were provided in the articles.

Zero Waste & Sustainable Products

Euroseas integrates circular design principles into its fleet development, with nine new containerships contracted to EEDI Phase 3 and Tier III engine standards, consuming 40% less fuel than older vessels, and seven of these being LNG-ready.

The company has implemented waste reduction initiatives, including consolidating 93.6% of supply shipments in 2023 and changing all premises lighting to LED with an automated system. For hazardous waste management, Eurobulk Ltd. is ISO 14001:2015 certified, all vessels have approved Inventory of Hazardous Materials (IHM) plans with certification surveys completed, and the number of hazardous materials decreased from 225 in 2023 to 221 in 2024. However, the company recorded 126 Port State Control deficiencies and 2 detentions in 2024, and 12 MARPOL deficiencies in 2022. Euroseas has established standard procedures to ensure suppliers comply with International Hazardous Material (IHM) resolutions. The company sets annual targets for the minimization of discharge and waste, which are monitored semi-annually.