Safe Bulkers Inc..
SB.US | Sea and coastal freight water transport
Safe Bulkers, Inc. is an international provider of marine drybulk transportation services. The company acquires, owns, and operates drybulk vessels that transport bulk cargoes, particularly coal, grain, and iron ore, along worldwide shipping routes. Safe Bulkers operates a fleet of vessels, includin...Show More
Better Health for All
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Safe Bulkers Inc.'s core business is marine drybulk transportation of commodities such as coal, grain, and iron ore. The company's services do not have a direct positive or negative health impact on the general population. While the commodities transported, like coal, may have health implications at their point of extraction or consumption, the act of transportation itself is considered neutral in terms of direct health outcomes. The value definition explicitly excludes environmental pollution control, which is where most of the company's indirect impacts (e.g., emissions) would fall. Consequently, the company generates no revenue from products or activities with direct negative health outcomes.
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Fair Money & Economic Opportunity
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Safe Bulkers Inc. operates as a marine drybulk transportation services provider.
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The company's core business does not involve offering lending, deposit, or other consumer financial products or services. Consequently, all Key Performance Indicators (KPIs) under the 'Fair Money & Economic Opportunity' value are not applicable to Safe Bulkers' operations, as confirmed by the company description and the provided articles. No evidence was found to suggest the company engages in activities related to financial inclusion, consumer lending, or financial literacy initiatives.
Fair Pay & Worker Respect
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No quantitative data or specific information regarding compensation, benefits, or working conditions for Safe Bulkers' employees is available in the provided article. The article explicitly states that only one employee review was found
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, and it lacks any relevant quantitative data for the requested metrics
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.
Fair Trade & Ethical Sourcing
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No specific, quantitative data related to fair trade, ethical sourcing, or supply chain practices was found across the provided articles. The documents primarily outline internal company policies such as a Code of Business Conduct and Ethics
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, whistleblower procedures
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, non-harassment policies
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, and general commitments to sustainability
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, but do not provide metrics on supplier certifications, audit frequencies, incidents of forced or child labor, supply chain traceability, remediation speed, ethical clauses in supplier contracts, materials risk, or supplier diversity spend.
Honest & Fair Business
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Safe Bulkers Inc. has a formal and comprehensive whistleblower protection policy
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. This policy outlines procedures for reporting concerns related to accounting, internal controls, auditing, criminal offenses, malpractice, health and safety risks, environmental violations, and evidence concealment
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. It includes an email-based hotline accessible to the Audit Committee and outside counsel
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. The policy protects good faith whistleblowers from retaliation
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and maintains a register of allegations, investigations, and conclusions
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. While anonymous submissions are possible
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, they are considered less favorably than named ones
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. The policy is available on the company intranet for all officers
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.
Kind to Animals
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Safe Bulkers Inc. is a marine drybulk transportation services provider. The provided articles focus on the company's environmental policy and the installation of ballast water treatment systems, which are general environmental concerns for shipping. The company is committed to environmental protection and pollution prevention.
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It aims for zero spills at sea, compliance with all environmental laws, and rapid response to incidents.
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The policy emphasizes employee training, operational reviews, and continuous improvement.
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A zero-tolerance policy exists for environmental violations, including oil discharge, illegal garbage/sewage disposal, air pollution, and any other action causing adverse environmental impact.
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Personnel violating the policy will be dismissed.
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The first installation of ballast water treatment systems is scheduled for 2018 Q1.
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The estimated time for the entire project to be completed is 5 years.
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Erma First's BWTS received US Coast Guard type approval in October 2017.
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No specific, concrete data points are present in the articles that relate to animal testing, animal-derived ingredients, humane certifications, wildlife conservation impact metrics, or any other detailed KPIs under the 'Kind to Animals' value. Therefore, all KPIs for this value are omitted due to a lack of relevant evidence.
No War, No Weapons
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Safe Bulkers Inc. is an international provider of marine drybulk transportation services. The company's 2024 ESG Report explicitly states that it is not a company involved in arms or defense contracts.
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No information or data related to arms manufacturing, military contracts, conflict facilitation, or peacebuilding initiatives is present across any of the provided articles. Consequently, all KPIs related to the 'No War, No Weapons' value are deemed not applicable to Safe Bulkers Inc.'s core business or operations.
Planet-Friendly Business
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The company reported a 6.1% year-on-year decrease in its 2024 Fleet Efficiency Ratio (AER), although total fleet CO2 emissions increased by 0.5% year-on-year.
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In 2024, its vessels did not receive D or E ratings under the Carbon Intensity Indicator (CII) scheme.
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The company invested US$546.6 million in fleet renewal between 2018 and 2024.
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This includes the delivery of 12 IMO GHG Phase 3 - NOx Tier III newbuilds, with 18 total in the program, and 6 vessels currently under construction.
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Additionally, 28 vessels received energy efficiency upgrades, and 2 methanol dual-fuel bulk carriers were ordered.
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Between 2021 and 2024, 14 older vessels (average age 14.5 years) were sold and replaced by newer ones (average age 9.2 years).
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The company voluntarily adopted an Integrated Management System based on DryBMS Standards.
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Respect for Cultures & Communities
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The provided articles do not contain specific, quantitative data points for any of the KPIs related to 'Respect for Cultures & Communities'.
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The documents primarily outline internal governance policies, ethics codes, whistle-blowing procedures, and general employee management, without detailing community engagement, cultural impact assessments, local employment ratios, grievance mechanisms for communities, or any other metrics relevant to this ethical value.
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Safe & Smart Tech
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Safe Bulkers reported zero cybersecurity incidents and zero substantiated complaints regarding breaches of personnel privacy and data losses in both 2023 and 2024.
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The company has implemented a strong security program, including transitioning to Microsoft Azure
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, performing cybersecurity risk assessments
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, implementing next-generation firewalls
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, 24/7 Managed Detection & Response
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, fleet network segmentation
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, security by design in new vessels
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, and a Zero Trust Architecture
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. Over 95% of employees completed cyber awareness training in 2024.
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The company states compliance with Personal Data Privacy legislation and GDPR
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, and informs users of their rights over personal data, including access, erasure, and portability, allowing requests for data export and deletion
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. However, the company retains comments and metadata indefinitely
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, which contradicts data minimization principles
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Zero Waste & Sustainable Products
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Safe Bulkers Inc. reported a 68.6% reduction in single-use plastic bottles onboard vessels from 2022 to 2024.
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The company has implemented various waste reduction initiatives, including water filtration systems to eliminate single-use plastic bottles, the use of environmentally acceptable lubricants, a green procurement strategy to reduce plastic use, and a waste recycling program.
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No waste disposal violations or citations were reported for the 2024 reporting period.
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While the company has goals to eliminate single-use plastics and improve energy efficiency, specific targets with timelines are not detailed.
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