Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The team of managers at Star Bulk responsible for climate related activities closely coordinate and discuss any policy engagements (direct or indirect). All members of the climate team follow regulatory developments and share their information, insights and suggestions with the team drawing on their own remit and vantage point.
The Chief Strategy Officer (CSO) engages with policy makers and alliances and ensures that the team is abreast of the latest policy discussions and the positions of stakeholders.
These various ongoing inputs are conveyed to the CSO and the Executive Vice President (EVP) for Green Energy and Technology who collaborate in shaping the company's decarbonization strategy.
The decarbonization strategy is discussed with the team responsible for climate related issues and the CEO.
As specific policy issues emerge in policy for industry associations and broader partnerships and alliances, the CSO and EVP are responsible for formulating an initial position to ensure that it is aligned with the company's climate change strategy and engage with the team and the CEO (Chief Executive Officer) to arrive at a common position.
Naturally, the decarbonization strategy itself evolves as the company increasingly engages with its stakeholders and policy makers and acquires a deeper understanding of the fast-moving multidimensional climate change challenges.
The annual ESG and CDP reports also offer an important milestone for the team and company personnel to reflect on the year's developments and the new climate-related challenges facing the company. This process helps the company strengthen and better inform its policy outlook in tandem with its decarbonization strategy and enhances consistency in its efforts to influence policy.