The Great Eastern Shipping Company Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report '.
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The Great Eastern Shipping Company has filed its Business Responsibility and Sustainability Report as part of its 77th Annual Report, covering FY 2024-25. The company is India's largest private sector shipping company with a paid-up capital of ₹142.77 crores, turnover of approximately ₹4,713 crores, and net worth of around ₹11,993 crores. Water transport accounts for 81.25% of turnover, with exports contributing 68.85%. The company employs 2,128 people (266 shore staff and 1,862 floating/sea staff) and spent about ₹34.90 crores on CSR activities. Key sustainability initiatives include emission reduction measures (low sulphur fuel, exhaust gas cleaning systems), biofuel trials, ballast water treatment systems, anti-fouling coatings, and adaptive autopilot trials. The company holds ISO 9001, ISO 14001, and ISO 45001 certifications. DNV Business Assurance India is providing reasonable assurance. Safety performance improved with LTIFR dropping from 0.36 to 0.20 per million person-hours.
This is a routine regulatory disclosure required under SEBI listing regulations and does not directly impact share price or shareholder returns. However, the improved safety metrics (lower LTIFR), ongoing emission reduction efforts, and CSR spending of ~₹34.90 crores demonstrate the company's ESG commitment, which may appeal to sustainability-focused investors.