BW LPG Crew
Sustainability

Towards a Better World

Delivering LPG to fuel the world's cleaner energy transition

At BW LPG, sustainability is about working with a long-term perspective in mind—collaborating with stakeholders to mitigate operational impacts on the environment and contributing to the communities we serve. LPG is a cleaner-burning fuel that can help meet the world’s energy needs while addressing concerns on climate change.

As the world’s largest owner and operator of VLGCs and affiliated with BW Group, we have the responsibility and ability to influence at scale. As we continue to pursue good shareholder returns to ensure the sustainability of our business, we also act to ensure the sustainability of the planet. We will show that while there are many uses for LPG, there is only one way to ship it sustainably—with BW LPG.

Sustainability at BW LPG

Sustainability is a priority at BW LPG and an integral part of our vision to be Best on Water.

ESG Performance

Summary of our ESG Rating with Key ESG agencies
Summary of our ratings from key ESG agencies, 2021.

ESG ratings help investors identify and understand financially material ESG risks to a business. Companies that score well on ESG metrics are generally believed to better anticipate risks and opportunities, be adept at long-term strategic thinking and value creation. ESG ratings is also an evaluation of a company’s focus and direction on ESG issues.

BW LPG focuses on ESG rating agencies that our investors and customers have indicated an interest in, and have methodologies that are transparent and meaningful. Key ESG rating agencies that we currently track are Sustainalytics, ISS ESG and MSCI. In 2021, BW LPG was rated as “Low Risk” by Sustainalytics, within the top 40% of peers in ISS ESG, and “BB” by MSCI. Through internal own gap analysis and regular communication, we will improve how we manage our material issues.

We are encouraged to see our progress and efforts acknowledged – BW LPG was included in the first-ever Oslo Stock Exchange OBX ESG Index in 2022. For more information on the Index, click here.