During 2015 a materiality analysis was performed resulting in three aspects requiring attention. One of the aspects was related to Environmental work.The company is today certified in accordance with the ISO 14001 standard, which gives guidance as to the environmental work constant with and in relation to the company’s CSR focus. Elements that have been identified as material, needing further attention are; reporting from the vessels, new and focused environmental initiatives, and in addition environmental management/leadership. Environment is on the Management Review agenda and will be subject to annual review and status evaluation of the old and new initiatives, and instigate new actions as deemed prudent to manage the material aspects.
UM Bulk AS is a 50/50 joint venture between the J.J. Ugland companies and Mitsubishi Corporation. Vessels owned by UM Bulk AS: MV Lunita, delivered in 2014, and MV Ellenita
, a TESS-58 bulk carrier with eco-design and more effective engines with reduced fuel consumption, delivered in 2015. Two more vessels were delivered in 2017, MV Olita and MV Belita.
Link to Environmental Report 2016