Star Bulk Carriers Corp..
SBLK.US | Sea and coastal freight water transport
Star Bulk Carriers Corp. is a global shipping company focused on the transportation of dry bulk commodities. They own and operate a fleet of vessels, primarily carrying major bulks such as iron ore, coal, and grain, as well as minor bulks including bauxite, fertilizers, and steel products. The compa...Show More
Better Health for All
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No evidence available to assess Star Bulk Carriers Corp. on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Star Bulk Carriers Corp. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
60
Star Bulk Carriers Corp. demonstrates strong performance in several areas of Fair Pay & Worker Respect. All crew members and all office-based employees are covered by collective bargaining agreements, indicating 100% coverage.
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The company reported a Total Recordable Cases Frequency (TRCF) of 3.17 per 1,000,000 manhours in 2024, which translates to a Total Recordable Incident Rate (TRIR) of 0.634 per 200,000 hours.
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The voluntary employee turnover rate for onshore employees was 8.2% in 2024.
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The company reported zero incidents of human rights violations, non-compliance with laws and regulations, and discrimination in 2024.
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Almost all onshore employees hold permanent contracts, with only 20 employed under temporary agreements.
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All ranks of crew members receive private medical insurance, and health coverage is provided for Eastern European crew and their families.
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Fair Trade & Ethical Sourcing
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The provided articles for Star Bulk Carriers Corp. (SBLK.US) do not contain specific quantitative data points for any of the Fair Trade & Ethical Sourcing KPIs. While the company's 2021 ESG report mentions a commitment to ethical sourcing, supplier evaluations, and zero tolerance for human rights violations, these are policy statements or process descriptions, not concrete metrics.
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There is no evidence regarding the percentage of fair-trade certified spend, audit frequency, number of substantiated forced or child labor incidents, traceability coverage, remediation speed, percentage of contracts with enforceable ethical clauses, share of spend on ethically high-risk materials, or supplier diversity spend.
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Honest & Fair Business
-10
Star Bulk Carriers Corp. reported zero legal and regulatory fines associated with bribery or corruption for 2022, 2023, and 2024, and zero incidents of non-compliance with laws and regulations.
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The company has an Anti-Corruption Policy aligned with the U.S. Foreign Corrupt Practices Act (FCPA) and UK Bribery Act, and is an active member of the Maritime Anti-Corruption Network (MACN).
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However, the policy's training frequency and effectiveness metrics are not detailed. The company also reported zero incidents of corruption, bribery, fraud, and violations of ethical principles in 2023 and 2024, and no critical concerns related to its business operations.
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The 2024 ESG report received limited external assurance from Ernst & Young (Hellas) on specific GRI disclosures and SASB indicators for the fifth consecutive year.
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The company's board of directors includes 8 out of 11 independent members.
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Star Bulk has a Whistleblowing Policy, launched a new online platform in 2023, and reported zero whistleblowing incidents in 2023 and 2024.
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However, the policy's effectiveness is not publicly measured. Financial restatements occurred in 2024 for the 2023 onshore employee retention rate and average EEOI figures.
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The company conducted 391 internal audits and 214 external audits onboard in 2024, with internal audits identifying no significant deficiencies or material weaknesses.
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Information on median complaint resolution time and a company-specific transparency index score is not explicitly stated.
Kind to Animals
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Star Bulk Carriers Corp. is a dry bulk shipping company.
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Its core business model does not involve activities such as product manufacturing, animal testing, animal agriculture, or the use of animal-derived ingredients.
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Therefore, KPIs related to cruelty-free certifications, animal testing, humane operations, ethical sourcing, and animal agriculture ethics are not applicable to its operations. No evidence was found in the provided articles regarding any wildlife conservation initiatives or other animal welfare-related activities.
3
No War, No Weapons
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Star Bulk Carriers Corp. is a shipping company, and the provided articles indicate that its core business does not involve defense contracting, dual-use technology development, or sales to embargoed regimes.
1
The company is a signatory of the United Nations Global Compact, supporting its Ten Principles on human rights, labor, environment, and anti-corruption.
2
Its 2023 ESG Report aligns with UN Sustainable Development Goals, and the company reported zero incidents of human rights violations in 2024.
3
Planet-Friendly Business
-30
In 2023, Star Bulk Carriers Corp. reported total Scope 1, 2, and 3 greenhouse gas emissions of 2.6 million tCO₂e, representing a 4% reduction from 2022.
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The company also reported no specific regulatory actions, violations, fines, or compliance issues.
2
Respect for Cultures & Communities
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The provided articles do not contain specific, concrete data points for any of the KPIs related to Respect for Cultures & Communities. There is no evidence regarding formal partnerships with indigenous or local community groups, revenue reinvested in local community development, cultural appropriation incidents, cultural impact assessment protocols, proportion of workforce recruited from local communities, availability of grievance mechanisms for community concerns, average time to resolve community complaints, FPIC participation rates, community representation in governance, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection actions, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response effectiveness, or cultural sensitivity training completion.
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Safe & Smart Tech
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No evidence available to assess Star Bulk Carriers Corp. on Safe & Smart Tech.
Zero Waste & Sustainable Products
-30
The company reported zero waste disposal violations in its 2023 ESG Report.
1
While the company has implemented a waste management system and recycling programs,
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no specific quantitative data was provided for waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certifications, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education.
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