Safe Bulkers, Inc. Announces Availability of 2023 Sustainability Report
Safe Bulkers (NYSE: SB), a global leader in marine drybulk transportation, has released its 2023 Sustainability Report. The report follows the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines and the Sustainability Accounting Standards Board (SASB) recommendations for maritime transport. It highlights the company's environmental, social, and governance (ESG) practices. Dr. Loukas Barmparis, President of Safe Bulkers, emphasized the company's commitment to addressing environmental concerns, social needs, and strengthening governance. The report is available for download on the company's website.
- Release of comprehensive 2023 Sustainability Report.
- Adherence to GRI and SASB guidelines in the report.
- Focus on environmental, social, and governance (ESG) practices.
- Strengthening of governance framework.
- Commitment to addressing environmental concerns and social needs.
- Potential costs associated with implementing ESG practices.
- No specific financial performance data provided in the report.
- Absence of detailed quantitative ESG impact metrics.
MONACO, May 30, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company’s 2023 Sustainability Report is available for download and can be accessed from its website using the link provided below.
The 2023 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines, 'in accordance with the GRI Standards', and the Sustainability Accounting Standards Board (SASB) recommendation for maritime transport, alongside additional indicators that are materially important to the Company and its stakeholders. The report is available for download and can be accessed from the Company's website using the link: www.safebulkers.com/sustainability2023
Dr. Loukas Barmparis, President of the Company, commented: “We proudly present our 2023 Sustainability Report detailing our environmental, social and governance (“ESG”) practices and our vision for responding to the environmental concerns, addressing the needs of the societies we operate and enhancing our governance framework.”
Safe Bulkers Inc. 2023 Sustainability Report:
www.safebulkers.com/sustainability2023
About Safe Bulkers, Inc.
The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C”, and “SB.PR.D”, respectively.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, risks associated with operations outside the United States and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
Company Contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
Fax: +30 2 111 878 500
E-Mail: directors@safebulkers.com
Investor Relations / Media Contact:
Nicolas Bornozis, President Capital Link, Inc.
230 Park Avenue, Suite 1536 New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com
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