We integrate Environmental, Social, and Governance (ESG) principles into our business practices and interactions. Recognizing our role in the dry bulk shipping sector, we minimize our environmental footprint, support our employees, stakeholders and local communities, and maintain high standards of governance and transparency.
Golden Union is committed to minimizing our environmental footprint and contributing to a sustainable future for the shipping industry. Here’s how we achieve this:
Long before the active implementation of all de-carbonization rules and regulations, Golden Union proactively invested in a modern fleet equipped with fuel-efficient technologies, including eco-friendly engines and hull designs, to minimize greenhouse gas emissions. This initiative aims to significantly reduce greenhouse gas emissions, aligning with global regulations and supporting the shipping industry’s environmental goals.
Our vessels implement rigorous waste management practices to minimize waste generation and ensure responsible disposal. This includes comprehensive recycling programs, effective waste segregation onboard, and adherence to strict environmental standards to safeguard marine ecosystems. Waste minimization and responsible use of resources extends to our onshore facilities, with our new ‘green’ building designed to prioritize energy efficiency and waste recycling.
Golden Union rigorously follows regulations with advanced ballast water treatment systems to prevent the spread of invasive species and maintain the balance of marine environments. Our vessels are equipped with advanced ballast water treatment systems to reduce environmental risks.
Clean air is fundamental to our health and well-being. We use low-sulfur fuels, and emission control systems for our vessels and continuously monitor exhaust emissions to minimize our impact on air quality.
At Golden Union, we prioritize employee well-being and foster a safe, respectful, and inclusive work environment, while actively engaging with communities to support initiatives in education, healthcare, and diversity. Here’s how we accomplish this:
We ensure the health, safety, education, and overall well-being of our employees and partners onboard and ashore. Initiatives include targeted training programs, educational funding, medical access, and efforts to promote a culture of safety, respect, and non-discrimination.
We prioritize employee well-being through targeted training and educational programs. We foster a culture of respect and inclusion, celebrating achievements with events like women’s day initiatives, pre-Christmas parties, New Year’s galas, and sports challenges, demonstrating high engagement and satisfaction among all employees.
Engaging actively with local communities where we operate, we support initiatives promoting education, diversity, healthcare, and environmental conservation. Our aim is to foster positive relationships and contribute to the sustainable development of these communities.
Golden Union operates with the highest ethical standards, fostering trust through transparency and responsible decision-making. Here’s how we put this into practice:
We prioritize integrity, equal opportunities, and transparency in all business operations, including our human capital relations. Our interactions with stakeholders adhere to the highest ethical standards, ensuring compliance with laws, regulations, and industry guidelines.
Our Board comprises of individuals with diverse backgrounds and expertise, fostering independent decision-making and accountability. Diversity is embraced as a cornerstone of innovation and organizational strength.
Golden Union is transparent about our commitment to ESG principles. We openly share our own ESG goals and encourage our investment and business partners to adopt responsible practices through relevant disclosure procedures. Additionally, we actively prevent and address any potential breaches of this ESG policy. Employees or anyone with ethics or safety concerns can confidentially reach out to our Human Resources department.
At Golden Union, we integrate ESG principles into our business strategy, prioritizing environmental sustainability, supporting our employees and communities, and upholding strong governance practices to create long-term stakeholder value and foster a sustainable future.
Our enduring relationships with key partners and high employee retention rate at Golden Union underscore our prioritization of natural and social capital, reflecting our commitment to sustainability beyond financial metrics.