Diana Shipping Inc..
DSX.US | Sea and coastal freight water transport
Diana Shipping Inc. is a global provider of shipping transportation services. The company owns and operates a fleet of dry bulk vessels, which transport a range of dry bulk cargoes, including iron ore, coal, grain, and other materials. Diana Shipping's vessels operate worldwide, serving major ports ...Show More
Better Health for All
0
Diana Shipping Inc. operates in the dry bulk shipping sector, providing transportation services for various cargoes. The provided articles discuss environmental compliance, digital sustainability solutions for vessels, and a regulatory fine related to bilge waste handling and obstruction of justice.
1
The ethical value 'Better Health for All' focuses on accessible medical treatments, preventative healthcare, mental/physical wellness, and reducing health disparities. It explicitly excludes workplace safety standards and environmental pollution control. Given the company's business model and the specific exclusions of this value, none of the provided evidence is relevant to the KPIs for 'Better Health for All'.
Fair Money & Economic Opportunity
0
Diana Shipping Inc. is a shipping transportation services provider, not a financial institution. As such, most KPIs under the 'Fair Money & Economic Opportunity' value, which focuses on consumer lending, financial products, and related inclusion programs, are not applicable to its core business operations. The company does not generate or manage customer financial data, nor does it provide debt products or financial education programs to consumers. It is not regulated as a lender and does not operate financial service access points. Therefore, these KPIs are scored as 0, indicating they are not applicable to the company's business model.
1
Fair Pay & Worker Respect
0
No evidence available to assess Diana Shipping Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
0
While the company mentions a commitment to ethical operations, including a zero-tolerance approach to modern slavery
1
and an expectation for business partners to uphold high ethical standards
2
, there is no evidence regarding the percentage of fair-trade certified spend
3
, supplier audit frequency
4
, number of forced or child labor incidents
5
, traceability coverage
6
, remediation speed
7
, the percentage of supplier contracts with enforceable ethical clauses
8
, the share of spend on high-risk materials
9
, or supplier diversity spend
10
. Statements about developing a supplier code of conduct are future-oriented and do not provide current quantifiable data.
11
Honest & Fair Business
-50
The company has an ESG controversy score of 1/100.
1
It states compliance with the U.S. Foreign Corrupt Practices Act of 1977 (FCPA), but there is no information regarding the frequency of training or metrics to assess the policy's effectiveness.
2
Kind to Animals
0
Diana Shipping Inc. operates in the shipping transportation services sector, a business model that does not involve activities typically associated with animal welfare concerns such as product manufacturing, animal testing, animal agriculture, or the use of animal-derived ingredients. Consequently, KPIs related to cruelty-free certifications, animal testing, ethical sourcing of animal inputs, humane certifications for animal operations, animal agriculture ethics, and animal-free R&D/collaboration are not applicable to its core business. While a shipping company's operations could impact wildlife habitats, the provided articles do not contain specific, measurable data on wildlife conservation initiatives, species recovery, or habitat restoration metrics, leading to the omission of this KPI. The company's general ESG initiatives include an 8.5% reduction in Annual Efficiency Ratio over three years
1
and a Gold Environment Leader Award in 2024.
2
No War, No Weapons
-20
In 2023, the company did not engage in shipping activities in violation of any applicable sanctions or embargoes imposed by the U.S. government, the EU, or the United Nations.
1
Its contracts with charterers prohibit vessels from calling on ports in sanctioned countries or carrying cargo for sanctioned entities.
2
The company maintains a Sanctions Compliance Policy
3
and conducts enhanced monitoring of applicable sanctions.
4
Planet-Friendly Business
-40
In 2023, the company sourced 25% of its electricity from renewable energy.
1
Diana Shipping Inc. has adopted the Task Force on Climate-related Financial Disclosures (TCFD) framework.
2
,
3
but specific climate scenarios are yet to be specified and presented to its Sustainability Committee.
4
,
5
The company discloses the qualitative risk that a number of its existing fleet vessels will become obsolete in the medium-term due to insufficient technical solutions and a lack of alternative fuels.
6
Respect for Cultures & Communities
0
The provided articles offer a high-level overview of Diana Shipping Inc.'s general ESG initiatives, including the launch of a dedicated ESG program in 2023
1
and receiving a Gold Diversity, Equity & Inclusion (DEI) Leader Award in 2024
2
. However, the articles explicitly state a lack of specific quantitative data or detailed information for all requested metrics related to 'Respect for Cultures & Communities'. There is no evidence regarding formal partnerships, revenue reinvested in local communities, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous suppliers, cultural site protection, social license to operate, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural training completion.
Safe & Smart Tech
0
A ransomware attack in September 2020 resulted in a data breach and data encryption.
1
However, no security incidents were reported in 2021, 2022, or 2023.
2
The company achieved ISO 27001 certification in 2023
3
, and its managed DSS fleet holds a 'Cyber managed' notation from Bureau Veritas.
4
Cybersecurity training is conducted company-wide for all employees and seafarers, with monthly online training for crew and additional phishing campaigns to enhance awareness.
5
In 2023, training sessions saw 7,478 participations across 51 topics and 156 participations across 17 topics.
6
In 2021, 1,271 DSS crew members received training, and over 10,600 seafarers attended 268 seminars.
7
The company conducts regular vulnerability scans and penetration tests
8
, and has invested in a vulnerability management solution.
9
A cybersecurity testing program is carried out yearly by external consultants.
10
Diana Shipping adheres to the General Data Protection Regulation (GDPR)
11
, strengthening its compliance framework in 2023 with enhanced security measures, employee training, and a comprehensive data governance policy.
12
No fines or sanctions were reported in 2022 or 2023.
13
Users have GDPR rights, including access, correction, deletion, and objection to processing, with contact information provided
14
, and can manage cookies via browser settings.
15
Zero Waste & Sustainable Products
-40
The company has implemented two waste reduction initiatives: a Mega Joint Beach Cleanup on November 22, 2024, and the "Cargomorphose" project, which focuses on recycling ships through optimized deconstruction and repurposing components.
1
The company has no reported waste disposal violations or compliance issues.
2