MASHINIi

Globus Maritime Limited.

GLBS.US | Sea and coastal freight water transport

Globus Maritime Limited is an international shipping company that owns and operates a fleet of dry bulk carriers. These vessels transport a range of dry bulk commodities, including iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. The company primarily serves major ...Show More

Ethical Profile

Mixed.

Globus Maritime Limited, a dry bulk shipping company, presents a mixed ethical profile. The company completed a biofuel trial voyage, which reports reduced lifecycle CO₂ emissions, and aims for net-zero by 2050, with UK site emissions decreasing from 503.6 tCO₂e to 328.5 tCO₂e between 2022/23 and 2023/24. However, critics point to past issues, including a 2020 Nasdaq delisting notice (resolved via reverse stock split) and ongoing compliance challenges with EU Ship Recycling and Waste Shipment Regulations. The company maintains a Modern Slavery Statement and a Supplier Code of Conduct (dated 2022) for ethical sourcing, and has a code of ethics and whistleblower program. However, comprehensive data on worker respect, community impact, or the effectiveness of many policies remains limited.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing-30
-100100
Honest & Fair Business-50
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-40
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

Globus Maritime Limited is an international shipping company that owns and operates a fleet of dry bulk carriers, transporting commodities such as iron ore, coal, and grain.

1
The provided articles focus on the company's financial performance, fleet management, and environmental initiatives, specifically a biofuel test voyage aimed at reducing CO2 emissions for regulatory compliance.
2
The 'Better Health for All' value category is defined as pertaining to organizations that develop accessible medical treatments, provide preventative healthcare solutions, or champion mental and physical wellness programs. It explicitly excludes workplace safety, worker rights, and environmental pollution control. As such, the company's core business activities and the information provided in the articles do not directly relate to any of the KPIs under this value. Therefore, no KPIs can be scored based on the available evidence.

Fair Money & Economic Opportunity

0

Globus Maritime Limited is an international shipping company that owns and operates dry bulk carriers, primarily serving major international commodity groups.

1
The company's core business activities do not involve offering lending, deposit, or other financial services to consumers.
2
Therefore, all KPIs related to fair money and economic opportunity, such as underserved client share, pricing fairness, exploitative fees, 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, aligning with the '0' tier for each KPI.

Fair Pay & Worker Respect

0

No specific, quantitative data points were found in the provided articles for any of the KPIs under the 'Fair Pay & Worker Respect' ethical value. The articles explicitly state a lack of data regarding employee compensation, pay equity, collective bargaining agreements, safety incident rates, worker engagement, turnover, labor violations, insecure contracts, or health insurance coverage.

1

Fair Trade & Ethical Sourcing

-30

The company employs a Labour Standards Assurance System that is audited annually by a third-party assessment body.

1

Honest & Fair Business

-50

Globus Maritime has a formal whistleblower program allowing confidential reporting via email or mail, with a stated prohibition against retaliation.

1
However, there is no evidence of independent investigation processes, training frequency, or effectiveness metrics. The company's code of ethics prohibits bribery, kickbacks, and inappropriate gifts, and outlines procedures for handling conflicts of interest and suspected fraud.
2
Specific details on enforcement, training, or clear guidance on facilitation payments and gift thresholds are not provided.

Kind to Animals

0

No evidence was found in the provided articles to assess Globus Maritime Limited (GLBS.US) against any of the 'Kind to Animals' KPIs. The company is an international shipping company, and the available articles primarily discuss its transition to biofuels and compliance with environmental regulations.

1
One article refers to an 'Animal Welfare Policy Summary' for 'Globus Family of Brands,'
2
which is a tourism entity and not Globus Maritime Limited (GLBS.US).

No War, No Weapons

0

No specific, concrete data points or information regarding GLBS.US's association with arms manufacturing, military contracts, conflict facilitation, or peace initiatives were found in the provided articles. explicitly states it contains no ESG data for GLBS.US.

1
discusses Saab AB's defense contracts and growth, and explicitly states that no information is provided on metrics directly related to GLBS.US or the 'No War, No Weapons' value.
2

Planet-Friendly Business

-60

Globus Maritime Limited has a stated net-zero target year of 2050, with short-term targets for Scope 1 and 2 net-zero by 2030 for its UK sites.

1
However, there are no documented SBTi-aligned targets or pledges.
2
The company successfully completed its first test voyage using a sustainable biofuel blend, which reduced lifecycle CO₂ emissions compared to conventional marine fuel without requiring major engine modifications.
3
The company is preparing for upcoming environmental regulations, including FuelEU Maritime and the IMO’s revised carbon intensity regulations.
4
No environmental compliance violations were found in the provided articles.
5

Respect for Cultures & Communities

0

The provided articles, primarily from the company's website and SEC filings, do not contain specific, quantifiable evidence for any of the KPIs related to 'Respect for Cultures & Communities'. Information regarding formal partnerships, community investment, cultural incident reporting, impact assessments, local employment ratios, grievance mechanisms, cultural preservation, local procurement, social license, or cultural training is not present.

1
The articles focus on operational aspects, financial data, and general compliance with maritime regulations, without detailing engagement with local or indigenous communities.
2

Safe & Smart Tech

-40

Globus Maritime Limited states that it collects personal data only when there is a legitimate ground to do so, and personal data may be erased if no longer necessary or legally required.

1
The company uses cookies and local device storage, which users can disable.
2
Users have rights to obtain, update, erase, restrict processing, and port their personal data, and to object to processing based on legitimate interest.
3
The company has put in place appropriate safeguards, such as contractual commitments, in accordance with applicable legal requirements to ensure data protection.
4
Operations executives are kept up to date with international laws and regulations, and crew employment criteria exceed mandatory requirements of Flag Administration and the Maritime Labour Convention (MLC 2006).
5
The company's website use is governed by the laws of England and Wales, and access is prohibited where it would violate any law.
6

Zero Waste & Sustainable Products

0

The provided articles focus on Globus Maritime Limited's financial performance and fleet operations for Q1 2025. While there is a mention of a successful biofuel test voyage and a general focus on environmental compliance and future regulations, these initiatives are related to carbon reduction and broader environmental management.

1
No specific, quantifiable data points were found regarding waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education programs.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.