Star Bulk has participated in the CDP for a second year in a row achieving a score of B, improving its performance versus last year (2021) where it had scored a B-. This rating continues to place the Company at Management Level (B/B-) as per the CDP scoring, which is above the industry average of C (Awareness level), as well as above the global average of C (Awareness level). Management level indicates a maturity of “taking coordinated action on climate issues”, while Awareness level translates into “knowledge of impacts on, and of, climate issues”.
The CDP Score enables companies to understand their standing on climate governance, to identify areas which require attention, and to make progress towards environmental stewardship through benchmarking with peers. Within the scope of its ESG strategy, Star Bulk is committed to reporting transparently and to improving continuously its environmental performance, while contributing to the industry’s efforts to accelerate the transition towards a net zero future. The Company’s response to the 2022 CDP questionnaire is available on the CDP website.
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
About Star Bulk
Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the
Forward-Looking Statements
Matters discussed in this press release may constitute forward looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Company’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include general dry bulk shipping market conditions, including fluctuations in charterhire rates and vessel values; the strength of world economies; the stability of
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