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Star Bulk Carriers Corp. Achieves a Score of B (Management Level) at the Carbon Disclosure Project (CDP) for 2022
ATHENS, Greece, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing
About this update from Star Bulk Carriers Corp.
[{"type":"text","content":"ATHENS, Greece, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its score at the Carbon Disclosure Project (CDP) for 2022. 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 BulkStar 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 Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Oslo, New York, Limassol and Singapore. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”. Star Bulk operates a fleet of 128 vessels, with an aggregate capacity of 14.1 million dwt, consisting of 17 Newcastlemax, 22 Capesize, 2 Mini Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax and 17 Supramax vessels with carrying capacities between 52,425 dwt and 209,537 dwt. Forwa...